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Thanks Bamps (and Ace) - would’ve been surprised if Shaun was not aware. Not sure who Bertiesboy is but Shaun is the master of keeping all his options open, so I am reassured that we have many strings to our bow!!
Oh this is tricky Northface (or is that two-faced?) - believe your assessment as coming from someone who has unknown true oil mining experience or believe our MD Ashley Gilbert who posted this in an RNS dated 15th April 24: -
"Having now successfully demonstrated light oil flow from two reservoirs at Hickory-1 in recent weeks, it is clear that this is a significant milestone in the history of 88 Energy. The USFS success represents the first time that we have successfully flowed oil to surface in Alaska - and under natural flow - as well as being the first time we have confirmed a light oil discovery of substantial scale in close proximity to the critical Dalton Highway and Trans-Alaskan Pipeline System infrastructure. To then achieve a second successful flow of light oil from the SMD-B reservoir, with a low gas/oil ratio, is an outstanding outcome for 88 Energy and its shareholders.
The flowing of light oil from multiple reservoirs demonstrates the potential that this acreage holds for our shareholders, positioning the Company to grow and extract value from Project Phoenix via multiple potential development and commercialisation pathways.”
- tricky decision but you know what, I’m going to side with the known professional Ashley Gilbert and put you in the greenbin - I know I must be mad, right???
Hi Chelly - I think it underlines that Shaun will consider ALL his options and will not simply run to an equity raise through dilution. His experience as CFO with Northern Star and how they became a £multi-billion outfit is invaluable to us now. VGLA!!
Evening all - just want to thank Liam for another fabulous interview with Shaun today, and Dip for his marvellous transcripts. Lots to like from Shaun’s answers but my favourite was his answer to why more shares have not been bought by the BoD - very reassuring that they NEED the SP to go up, here’s why: -
“- again I'll just reference back to the broader support that the board has but also the alignment
- you know principally they're aligned with those options which are you know significantly out of the money right now so you have a board here and indeed a management team along with them hugely incentivized to deliver exceptional shareholder share price growth to… for the benefit of everyone
- now I think that's wonderful alignment and I think people should celebrate it
- I personally you know like that structure, I like that my board actually wants to see shareholder appreciation and are willing to pursue strategies that they think will be value accretive and not just risk averse
- so I think it's a really mature structure I think it's a good structure and I think we should celebrate the team that that's helped us attract“
Sounds good enough to me - VGLA!!
You need to do far more research Daz - Rio are not looking for gold plays at present and even if they were, they are the last to overpay for anything as their DD is meticulous. Are you just trying to be contrary for some attention?
Hey Checkout - why don’t you follow your name and check out of here and crawl back to PANR. You’re clearly not invested here so keep your unwanted opinions on 88E and shove off. Straight in the greenbin - muppet!!
Hi Bamps - your post at 9.10 am - “will they start the Decline or wait till the sale process is complete” - is there any element that the JV confers a right of “BAU” until any partner exits the JV? In that case and what Shaun said yesterday about Newmont providing pond fillers (I think that’s what he said) in advance of them being needed, seems to suggest that all systems are go with no impediment due to the sales process - what do you think??
Thanks for reposting Shaun’s interview today SAB - it really is good news and a must listen for all Greatlanders imho - no doubt in my mind that we have the right CEO/BoD in place to maximise our opportunities. VGLA!!