Member Info for moda

Leases bought by Eni are 20 miles south east of deadhorse.half way between ice wine 2& deadhorse. Post on h/c says Eni report yearly;so we may know in Feb 19 what purchase price was.has similar advantageous position to ours ie:fast route to market.350,000 acres,Eni are a major so this will awaken others to this area.

Oil price.com: automated oil fields. Break even prices will continue to come down.

Who was it that was trying to ramp "bhamas petroleum company "on here a weeks ago?
60% down now. Like Brom says trust no one on here apart from yourself!

"Ak headlamp "is a good source of oil & gas news in alaska, well worth a look.

Remember few years ago 88e was waiting for Gbp to drill because they were a few miles from our border so we could gauge our success.now it's 88e that is leading the charge.
Dependant on outcome this could lead to a continuing partnership,which could lead to all kinds of further opportunities.

Yes,think you're right,mickey. As Paul said most of the oil never left where we are.exciting times coming up soon.

Paul basinski said in one of the presentations that Prudhoe bay was hit by a meteorite a long time ago. Does anyone know if this had a positive or negative effect on oil that may have been in that region at the time?

He swings both ways from week to week

Area concerned was 137 k from prudho bay,earth quake had a depth of 6 miles.

A good post by excitable 2 on hot copper. Contains extract from anchorage daily news really worth reading about possibilities of of oil majors investing in permanent production &infrastructure facilities Also about new technologies since 2015 slump that have reduced to costs of production in Alaska

Alaska journal : conoco phillips has started permitting for its willow unit drilling plans It's on nanushuk formation where our jv partners drill will take place qtr 1/19. Adjacent to horse shoe #1

Well said!

Think the sunny weather has put you in a happy & postivite mood! Enjoy your walk!

2nd one.its all private investors who have bought 88e via Hargreaves through their accounts

Apologies should be 500;000

Many here who bought when oil price was rock bottom around $26 p/b &bought at .039p & up to .066p are still lookin at handsome profits. Who dares wins! Still best opportunity in oil/gas;focus on the prize. For a tiddler to get to this stage like 88e has been a amazing achievement. For j/v to accumulate 475000 acres is outstanding, the max you can hold is 500. Plus to have added opportunistic leases to portfolio Is a great plus for a company with only 8 direct employees. Exciting times coming up soon!

Don't trust that African government! Alaska u.s.a.is so much more stable

144 million barrels net to 88energy. Cost $6 million 144 million ×$73 p/barrel = $10.5 billion approx. Horse shoe 1#1 discovery adjacent 4 miles away Is 1.2 billion barrels. Bill Armstrong says there is a lot more to discover yet.b.p exploration teams are still scratching their heads as to how so much has been overlooked by them.

Oil voice.com: internal interperation of incoming opreater 88e technical team has confirmed otto energy 's tech teams assessment of 400 mb of prospective reserves in western blocks at nanushuk formation.

It's worthwhile reading the chairman's report for 2017.michael Evans states that "oilsearch" screened 150 prospective oil/gas projects worldwide before before buying in to bill Armstrong 's leases on nanushuk fairway. Oilsearch's purchase is only 20 miles from horseshoe 1 # discovery which in turn is only 4 miles adjacent to western blocks drill to commencement by our consortium in qtr 1/19. Food for thought!