We would love to hear your thoughts about our site and services, please take our survey here.
Just to tide us over until Permit granted.
Posted by katie on Twitter @thoughts
Umiat mentioned a stack of times. Apologies if its been posted previously. 86 pages, well worth a read.
https://dggs.alaska.gov/webpubs/dggs/ri/text/ri2021_004.pdf
GLA keefy
12:14
Hi BlackAdder,
in response, just a cut & paste from wiki88e: 18 days after Permit Approval
31/01/2021 Operations Update Permit to Drill for the Merlin-1 well approved
18/02/2021 Highlights Rig commissioning complete - mobilisation commenced for Merlin-1 drilling
Drilling scheduled to commence 1st week of March 2021
18/02/2021
Highlights
• Rig commissioning complete - mobilisation commenced for Merlin-1 drilling
• Drilling scheduled to commence 1st week of March 2021
• Nearby Talitha-A well early results encouraging – potential for extension into 88E leases
https://clients3.weblink.com.au/pdf/88E/02343348.pdf
10/02/2021
The Spud of Merlin-1 is now expected in late February / early March 2021 and is targeting 645 million barrels of gross mean prospective resource#. Subject to the result of the Placing and adequate funding being secured, the Company plans to conduct a flow test of the Merlin-1 well (at a cost of approximately US$2.0 net to 88E) in the event of a successful discovery and, if scheduling and permit approvals allow, commence drilling of a second well, Harrier-1, immediately following completion of drilling and testing operations at Merlin-1. Harrier-1 is targeting gross mean prospective resource of 417 million barrels#. Harrier-1 is expected to cost ~US$7m (~US$3.5m net to 88E).
https://www.lse.co.uk/rns/88E/proposed-placing-to-raise-up-to-a12m-gduccqqitlbb13j.html
31/01/2021
Operations Update
Permit to Drill for the Merlin-1 well approved
• Field operations fully underway
• Rig commissioning almost complete, mobilisation expected within days
• Well spud expected in late February / early March 20
keefy
11:35
Exactly Chris,
no one from the public has objected yet but BLM open the forum to any other comments.
Too strange for words but definitely causing a delay. Hopefully kept to a minimum so we don't end up chasing it again like last year.
keefy
10:16
Hi Chris, maybe splitting hairs here but 88e are drilling an Appraisal well, not Exploratory, as the line from BLM release indicates. "Application for Permit to Drill one exploratory well in 2022"
I Could be off the mark, it has been known.
keefy
Fri 20:52
Hi Chris, that Doyon big boy machine will not move an inch without the permit being granted.
It is the 24th on Monday, but don't hang your hat on rigmob on the 25th. Allow a bit of flexibility.
They may be issue permit & mobilise on the same day, but personally, I don't think that is likely.
Stay cool & we will soon be there.
Good Luck to All 88e'ers
keefy
Welcome Back Dear Boy. I've missed yer.
How do we get instant relief from thrush or any other irritant?
Home remedies for thrush
Tea Tree essential oil. Add tea tree oil to a warm bath.
Turmeric. Turmeric is a home remedy for thrush. ( ...
Live yogurt. Live yogurt can give your probiotics a boost.
Garlic. Garlic can help kill yeast.
Coconut oil.
Reduce your sugar intake.
Wear cotton knickers.
Avoid tight fitting clothes.
Any further suggestions for other irritants & 12.6 spots?
GLA What a Great Board this is.
keefy xx
Rabito79 14:03
Rab, the last thing I am doing is arguing against points you are not making.
You struggle to see how DW bought his shares in the open market. Which bit of the transaction are you struggling with?
He has them, his name is against them, he has lots & lots of them. Do we know if he acquired them on the Aussie or UK market?
Such a massive amount of stock didn’t just suddenly appear with his name alongside.
Are you thinking he has acquired them illegally?
Why does it matter?
Let’s agree to disagree about “poke stonks trainer”.
keefy
Hi Rab 14:03,
In response Rab, how have they got his name on if they are not his?
The inner mechanics of trading are certainly not my forte but, could someone else buy shares for another person & plop them in his or her broker portfolio?
Can that be done?
The fact is Rab we can see a doubling of DW’s shares since he left the company. We Can see that.
Ok, perhaps on the 'nominee accounts' represent 'sophisticated investors' issue, he is maybe adrift, but to be honest, it takes some understanding, as I show below :
The vast majority of individual shareholders in public companies hold their shares in nominee accounts, i.e. in accounts created by their stockbrokers to record their interest in the shares of companies. Does that mean that in law you are a member of the company with all of the rights and protections provided by Company Law (i.e. under the Companies Act 2006)? The simple answer is no!
Australian corporations law defines a sophisticated investor as an investor that can be offered securities without the need to provide them with the same product disclosure requirements that must be provided to retail investors. ... Issuing product disclosure information is a complex and time-consuming process.19 Apr 2021.
A sophisticated investor is a high-net-worth investor who is considered to have a depth of experience and market knowledge that makes them eligible for certain benefits and opportunities.
Can an LLC be a sophisticated investor?
This means that if you are the sole member of an LLC, and you are considered an accredited investor—i.e. you have a net worth of $1mm (excluding your primary residence), or consistent annual income of at least $200,000 (or combined income of $300,000 with your spouse)—then your LLC is considered an accredited investor.
But Hey Good Buddy, as long as we finish up filthy rich do we really give a ratz rse?
I'm fairly sure DW won't.
keefy
Hi Rab79 10:54
If DW hasn’t bought the additional shares, why have they got his name on them? To me it is clear that he has either spent his own money, of which he isn’t short of a bob or two, to buy them, or he has been “gifted” them.
If I remember correctly, he was being paid in shares & also was on a performance-based contract …. But I think that was to kick in when SP got to 3p. Please correct me, if I have the wrong end of the stick on this one. It has been known.
The fact is, he (DW) has them in his possession, with his name on so they must be his. Fact?
Of course, he had inside info but for 5-6 years he has been at the helm & IMHO, still has a hand on the wheel.
He is a strategist & we should be deeply thankful for his nous & for getting us to where we sit today. With Great Expectation.
Would you not agree Rab?
I was merely suggesting that “poke stonks trainer” is doing a sterling job presenting the data available in a really visual & encouraging format & does take it to another level I believe.
Is he being any more speculative than many of us on this board?
Personally & being speculative & not taking the pizza here, I think we are sitting on a SUPER unknown/unmapped reservoir which is going to blow our socks off.
AS usual, GLA, keefy
Hi moda 09:33,
Great spot buddy.
I'm sure you will agree with me, this Kid is the King of Due Diligence (poke stonks trainer).
His presentation is Better than Awesome.
Hey & he is not just ramping, it is all Fact & no Fiction.
Good on Him.
Roll on Final Submissions
keefy GLA
Hey moda Wed 19:21, looks like a GDPR restriction on 1st link mate
Read article @ "Oil explorers return to Umiat, site of early 1945 North Slope oil find"
By Tim Bradner For the Frontiersman - Jan 12, 2021
451: Unavailable due to legal reasons
We recognize you are attempting to access this website from a country belonging to the European Economic Area (EEA) including the EU which enforces the General Data Protection Regulation (GDPR) and therefore access cannot be granted at this time. For any issues, contact contact@frontiersman.com or call 907-352-2250.
But this post below, from your post is truly exceptional. It is definitely (IMHO) a MUST-READ article.
Posted by u/ScarletPimpernel_8 4 months ago
A post on this EEENF sub @ UMIAT
https://www.reddit.com/r/EEENF/comments/mifsh7/umiat/
I said it in a post a couple of months back & I say it again, “UMIAT is the key to Peregrine.
My confidence is even greater having read this.
Why would US Navy drill in the most inaccessible place in Alaska back in the 1940’s?
No infrastructure whatsoever.
Beats me!!
Dave Wall must’ve known something about something regarding Umiat. He didn’t buy the leases just to improve the look of the 88e portfolio.
Read the article guys I implore you. https://www.reddit.com/r/EEENF/comments/mifsh7/umiat/
as usual, GLA & have a Great Weekend
keefy
Hi Brom 18:22,
"if cores are unsatisfactory or corrupted then I doubt we would be continuing with expensive lab tests".
Absolutely SPOT ON Brom & then why would we also be stringing this out until August, only to declare Non Commercial.
The Peregrine Project has got SUCCESS written all over it.
GLA keefy
Hi Chrisev 18:43,
Great Article, good find mate.
Extract: - read phrase that stars "Management said hydrocarbon evidence in the latest 5 trims........ found at depths that were among the most prospective".
Then read rest of article.
Is this the zone we didn't know existed & are the 5 samples consecutive?
The old grey cells are in a state of boggle
Happy Weekend, Glad I'm Still In.
keefy GLA
Hey WAa 15:49,
why would they drag this out until early August before telling the world there is no commercial oil at Peregrine?
They know what's there or otherwise they would have bailed out by now.
Anyroad up, when should we expect more news regarding Charlie & Icewine in general?
Something to boot up the road.
keefy GLA