Member Info for Positivevibes

We have 1.3 mil oz, and the Blyvoor additional drilling is a resource upgrade. 1.3 mil oz 35mil funding + nickle
Sub 10milmcap

Highlights

· Multiple bids received

· Preferred bidder selected and preparation of final documentation underway

· Transaction close and execution of documents expected within weeks

Detail

The farm-out process at Project Peregrine has progressed to the final phase and is subject only to finalisation of standard documentation as the preferred bidder has now been selected. Strong interest was shown in the opportunity and the bids received were competitive. Execution of the final documents is expected in the next few weeks, at which point more detail on the transaction will be made public.

10mil buy at 0.49 :)

• Group working interest 1H-2020 production averaged 1,975 boepd net*

• Success at the ASH-2 and ES-5 Wells in Egypt increased working interest production from 1,709 boepd on 1st March 2020 to 2,716 boepd on 30th June 2020

• Independent reserves report by Gaffney Cline & Associates from the end of 2019 indicates a 12.5% increase in Abu Sennan Gross 2P Reserves to 13.5 MMboe representing a 190% reserves replacement ratio

• 100% equity stake and operatorship of the Walton Morant licence in Jamaica along with 18-month extension secured

• Provisional award of Blocks 15/18e and 15/19c, containing the Maria and 15/18a-6 Discoveries, in the UK's 32nd offshore licensing round

*From the completion of Rockhopper Egypt acquisition to period end, 28th February 2020 to 30th June 2020.

Financial* - revenue growth delivering positive operating cashflow

Highlights

· Multiple bids received

· Preferred bidder selected and preparation of final documentation underway

· Transaction close and execution of documents expected within weeks

Detail

The farm-out process at Project Peregrine has progressed to the final phase and is subject only to finalisation of standard documentation as the preferred bidder has now been selected. Strong interest was shown in the opportunity and the bids received were competitive. Execution of the final documents is expected in the next few weeks, at which point more detail on the transaction will be made public.

Managing Director of 88 Energy, Dave Wall, stated: "The net potential to 88E in the Lima Fan System was estimated internally by 88E at around 100 million barrels prior to the drilling of Charlie-1. With this large independent upgrade and the recent increase in working interest in the leases, this potential has now improved to almost 900 million barrels net to 88E - an outstanding result for our shareholders. Resources of this size are why we are operating in Alaska and we are on the cusp of drilling at another similarly sized opportunity at one of our other projects, Project Peregrine."

Ignoring the noise and focusing on the billion barrel prizes currently in seprate farm out discussions. 2 drills from the first farm out and high COS at the second. Fresh eye recommendations for LTHs the didn't time it right in the past, the next 12 months for 88e has multiple chances for giant success again.

Concluding*

88e have Cash to last until Q3 next year, and concluded two farm outs in the time, the first within weeks. Any placings will be done next year at 1p plus

Managing Director of 88 Energy, Dave Wall, stated: "The net potential to 88E in the Lima Fan System was estimated internally by 88E at around 100 million barrels prior to the drilling of Charlie-1. With this large independent upgrade and the recent increase in working interest in the leases, this potential has now improved to almost 900 million barrels net to 88E - an outstanding result for our shareholders. Resources of this size are why we are operating in Alaska and we are on the cusp of drilling at another similarly sized opportunity at one of our other projects, Project Peregrine."

Managing Director of 88 Energy, Dave Wall, stated: "The net potential to 88E in the Lima Fan System was estimated internally by 88E at around 100 million barrels prior to the drilling of Charlie-1. With this large independent upgrade and the recent increase in working interest in the leases, this potential has now improved to almost 900 million barrels net to 88E - an outstanding result for our shareholders. Resources of this size are why we are operating in Alaska and we are on the cusp of drilling at another similarly sized opportunity at one of our other projects, Project Peregrine."

1p+ before Christmas

0.6 -0.75 -1p+ through farm out news in a few weeks

Drills in February

Second farm out ongoing as we enter 2021

https://www.proactiveinvestors.co.uk/companies/news/933828/88-energy-tipped-for-600-upside-as-it-looks-to-turn-big-potential-into-success-in-alaska-933828.html

Managing Director of 88 Energy, Dave Wall, stated: "The net potential to 88E in the Lima Fan System was estimated internally by 88E at around 100 million barrels prior to the drilling of Charlie-1. With this large independent upgrade and the recent increase in working interest in the leases, this potential has now improved to almost 900 million barrels net to 88E - an outstanding result for our shareholders. Resources of this size are why we are operating in Alaska and we are on the cusp of drilling at another similarly sized opportunity at one of our other projects, Project Peregrine."

Managing Director of 88 Energy, Dave Wall, stated: "The net potential to 88E in the Lima Fan System was estimated internally by 88E at around 100 million barrels prior to the drilling of Charlie-1. With this large independent upgrade and the recent increase in working interest in the leases, this potential has now improved to almost 900 million barrels net to 88E - an outstanding result for our shareholders. Resources of this size are why we are operating in Alaska and we are on the cusp of drilling at another similarly sized opportunity at one of our other projects, Project Peregrine."

Giant upside from here 0.5-0.6 pre first farm out news in a few weeks

Highlights

· Multiple bids received

· Preferred bidder selected and preparation of final documentation underway

· Transaction close and execution of documents expected within weeks

Detail

The farm-out process at Project Peregrine has progressed to the final phase and is subject only to finalisation of standard documentation as the preferred bidder has now been selected. Strong interest was shown in the opportunity and the bids received were competitive. Execution of the final documents is expected in the next few weeks, at which point more detail on the transaction will be made public.

My also showing as a sell. Basement level as we await farm out news "in the next few weeks"

Managing Director of 88 Energy, Dave Wall, stated: "The net potential to 88E in the Lima Fan System was estimated internally by 88E at around 100 million barrels prior to the drilling of Charlie-1. With this large independent upgrade and the recent increase in working interest in the leases, this potential has now improved to almost 900 million barrels net to 88E - an outstanding result for our shareholders. Resources of this size are why we are operating in Alaska and we are on the cusp of drilling at another similarly sized opportunity at one of our other projects, Project Peregrine."

Farm out news due for 2 drills in February, currently unvalued at less the 35% of the 52w high and in by far the strongest position. Excited for the SP noth as we go through both farm outs and all drills. 1p+ after farm out news

Managing Director of 88 Energy, Dave Wall, stated: "The net potential to 88E in the Lima Fan System was estimated internally by 88E at around 100 million barrels prior to the drilling of Charlie-1. With this large independent upgrade and the recent increase in working interest in the leases, this potential has now improved to almost 900 million barrels net to 88E - an outstanding result for our shareholders. Resources of this size are why we are operating in Alaska and we are on the cusp of drilling at another similarly sized opportunity at one of our other projects, Project Peregrine."

Bhaha we've got a farm out announcement within weeks, have had two fundermentally changing RNSs with the last 5 days that have set us up, for a farm out partner for 2 Wells, 2 drills to follow, with a second farm out deal brewing in the background for over a billion barrels of oil
Currently trading at less the 35% of the 52week high cash until after deals are concluded. Any placings will more likely happen at much higher prices months into 2021. Holding and loading at these levels

I was confidently and regularly touting CHAR as ten bagger at 3.67 between then and the next 6-12 months and shouting double digits for starters

Same now at 88e with 1p for starters.

Well done all, this whole rise has been driven by a large buyer in the no, looking forward to finding out who it is in a RNS soon.

Moving up as we cycle out old holders and invite in new. Giant assimetrical risk reward at these levels as we await fmthe first farm out news, wish cash to pay our fews for over 12 months allowing the farm out partner to take the costs of the 2 Wells.