Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
https://www.afr.com/street-talk/listed-oil-explorer-88-energy-raising-20m-20220210-p59vb6
https://twitter.com/sadaatumar/status/1491651506818404356?s=21
#88E capital raise of $20m at 3.5c (30% discount to the last trading price)
EEENF
Listen at 11:55 onwards
Alex Carlson recaps the action in #pennystocks on the #OTC #stocks
https://www.youtube.com/watch?v=o-K30NXFCPg
https://twitter.com/QueenLilibet1/status/1489929811246161920?s=20&t=etnFTui1z0A-h3pkU4oxKw
Public comments period ended for Peregrine EA & APD. Now BLM Alaska will review the comments, make a reply and upload at NEPA Register. Once done, they will issued approval for permit to drill. Monday as per ASX, PR imminent.
@88EnergyLtd #88E $EEENF
looks like drilling approval is granted but waiting to officially announce after public consultation on 04/02/2022…
https://hotcopper.com.au/threads/88e-chart.5962062/page-424?get_post=true
https://twitter.com/thapolopookster/status/1489692021141000193?s=21
BB across the pond:
111 miles of Ice Road is complete to Merlin 2...
88 Energy is also continuing its polar bear monitoring, although the Merlin 2 drill site is more than 100 miles from the coast, so outside the normal range of the bears.”
Probably see an PR news Sunday night...
Soon we won't be talking about the permit...but instead the Spud and When will the test results be in....
Patience.....GLTA
https://stocktwits.com/symbol/eeenf
Shell Discovers Oil Offshore Namibia
Charné Hundermark
Posted February 4, 2022
9:10 am
Oil major Shell has discovered a significant oil and gas find in the Graff-1 well offshore Namibia. Confirmed by the Namibian government, the discovery is estimated to contain between 250 and 300 million barrels of oil, representing a turning point for the country’s energy sector while ushering in a new wave of investment for the southern African nation.
https://energycapitalpower.com/shell-discovers-oil-offshore-namibia/
GLOBAL oil and gas company, Royal Dutch Shell Plc (Shell), has reportedly made a massive oil discovery off the coast of Namibia worth an estimated N$334 billion.
But that value is only worthwhile if the quality is good and the companies involved agree to commercialise.
The discovery was reportedly made on the Petroleum Exploration Licence 39 (PEL 39), which is owned by Shell (45%) and Qatar Petroleum (45%), with the National Petroleum Corporation of Namibia (Namcor) owning the remaining 10%.
PEL 39 lies in the south-western part of the Kudu gas project and in the same region as the TotalEnergies and ExxonMobil licensed areas.
According to a Reuters report, the discovery at the Graff-1 well was made following drilling operations that began last month and which three sources with credible know-how on the drilling have confirmed.
The well results, as reported by Reuters, have shown at least two reservoirs containing what one of the sources described as a significant amount of oil and gas.
According to a second source, the drilling results have shown one layer at least 60 metres deep of hydrocarbons, holding an estimated 250 to 300 million barrels of oil and gas equivalent.
Estimated at current averages of US$88 per barrel, this adds up to a reservoir worth over U$29 billion, equivalent to N$334 billion at current prices.
Namcor managing director Immanuel Mulunga could not confirm nor deny the discovery yesterday, but told The Namibian that his company, the mines and energy ministry, as well as the two foreign entities, as owners of PEL 39, will make a joint statement on the results of the drilling on or before 4 February.
https://twitter.com/ValueAimTrader/status/1489158314386767874?s=20&t=LiZaif6Q6w3Zd0MbL-HHew
#gbp Global Petroleum Rocket
Get ready for possibly the biggest moment in resources history for Namibia tomorrow.
Global Petroleum have 2.9 billion billion barrels prospective they are targeting on their block.
From another board:
News on offshore Namibia is imminent according to the Namibian authorities. Gl :-)
Namcor managing director Immanuel Mulunga could not confirm nor deny the discovery yesterday, but told The Namibian that his company, the mines and energy ministry, as well as the two foreign entities, as owners of PEL 39, will make a joint statement on the results of the drilling on or before 4 February.
If such a discovery was made, this could spiral into an investment frenzy in a country that has been dry of foreign direct investments in the last four to five years.