I wonder if the exclusivity agreement is in place across both conventional and unconventional? I predict, IMO, a farm in to both or a 1st option clause on unconventional after drilling. Maybe even a horizontal drill in the deal. I expect a supermajor who will want both, with enough cash up front for 88e to progress Yukon. CoP have circa 5 billion proven reserves, our 4 billion barrels once proven would fit well in their North Slope portfolio. Again, IMO.
Hey Jerry. There are a few who list on both. European metals in mining, and 88 Energy in oil and gas as examples. I invest in both markets as now Perth based. Just spent July in UK with family. Lovely weather but Perth has that most of the year. GGP is looking very good over the next 12-24 months. IMO.
Lincolnshire is North if Manchester is :-) Theddlethorpe gas terminal refined and separated hydrocarbons from Saltfleetby and Conoco rigs and put clean dry gas into grid. Was once largest gas field in uk. I thought LL mentioned this? Also owned by Gazprom. It fits but we will know soon enough as it is in hands of their lawyers now. As a Teessider I stick with Saltfleetby as the asset.
Fred. I thought most expect it to be Saltfleetby in Lincolnshire. Theddlethorpe refinery is being decommissioned right now. Closed 2 years ago. The gas line from Saltfleetby runs near the gas terminal. CATS is on Teesside and very unlikely the asset imo.
2 x huge buys yesterday afternoon, followed by 2 x 1 share buys an then a 747? (Boeing 747 I hope). Expecting a forward plan for VOBM#1 as a minimum and hopefully news on Halliburton buy back for Alkaid.
Why would Hope accept the stand down in the Cayman case without prejudice? If he expected to win he would have held out for "with prejudice", surely? I feel we have the evidence to win in court, he knows this, so agreed to stop proceedings. This also being the reason he is pushing hard to seize the asset whilst he stillcan. IMO.
VOS#1 March production released - 31MMCF again, so rate is back up from 18MMCF in Feb. Hopefully it will sustain this rate or better, 41MMCF produced in Dec. This single well income must be worth $1M+ per year alone? I also expect news on the following, near term: -VOBM#1 drill or sidetrack news -Options for advancing Alkaid + 25% back-in by Halliburton -Buy-out of Vision completed This share has dropped significantly over last 24 months, with Texas plan being reviewed and Alaska looking positive, I feel the upside potential here over next 18 months will be very rewarding with little down side from current SP of circa 20p.
Youngba. Pipeline was decomissioned early 2019. It is still in place and could be repiped direct to National grid which is opposite the old processing plant. So I would guess a few hundred metres tops. Only my opinion. It is a very dry gas and fits the description in RNS
Youngba. Theddlethorpe will likely have a metered grid connection. Saltfleetby will have a supply to Theddlethorpe being decomissioned. The short connection would likely be on the Theddlethorpe site piping into the meter station.
Saltfleetby is in Lincolnshire near Mablethorpe and Teesside is 100 miles North? As Alan has stated Theddlethorpe is being decomissioned and is also near Mablethorpe, a friend is decomissioning it now. If correct it is far from the Weald. There will be a tie in to gas main at the powerplant if it can be used so 12months is feasable with existing infrastructure. P.s. I bought more yesterday at 5.2p. Grrrrr
Do Halliburton have an option to buy back into the Alkaid well? RNS for drilling stated 100% to Pantheon for production and 25% costs for Halliburton if abandoned. Surely they would buy back in, giving us cash for the Alaska progression, maybe even be the Farm in partner? Also VOBM#1 should be drilled or sidetracked soon with current cash, IMO
AGM was quiet today. I recon 5 attendees not linked to meeting. Meeting was over in 22 minutes. Board to stay for 10 mins but then leave due to a board meeting afterwards. Dave inferred the FO was well advanced and cannot see it not completing, but, until finalised nothing is for certain. He also made clear that 88e was high risk, high reward, noting the multiple raisings that had been made over recent years. No PI questions asked throughout meeting. Michael said they were disappointed with Resolution 1 votes and would prep spill options at next AGM. I felt things are looking good for shareholders over next 12 to 24 months, maybe sooner dependant on FO terms due soon. Cash position seems good for 2019. Happy holding for 24 month at present. All my opinion, not word for word quotes. Will buy more if funds allow before FO. J