The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Older I can't argue with you as neither of us knows the flow rate for BFF, and I cant say 7 fails didn't happen. As for substantial, it says it is there, it flows and it belongs to 88E. Nothing you or I say changes that as we are all guessing, assuming, expectant, hopeful, doubtful, all depending on where your legs are dangling. Good luck regardless.
'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'.
Did Scot not say that a company cannot lie about its assets? It says above a substantial discovery, successful flow, and the first time, so we are in new territory as a company. Can only get better imo.
Older, I get that and I have said that I may in the future look at PANR, but only after they have arranged funding and any dilution has ended. I also note that 88E have said they will not just accept any partner, they are looking for a quality partner who is prepared to take Phoenix to the next level. This point has been mentioned more than once in previous releases.
Good luck with your position.
Multiple targets, one well, one pad, close to Dalton Highway, close to Taps, close to proposed gas pipeline. Flowing above 100bopd on a vertical. All the legwork done for a potential JV.
About as serious as you using the same information but with a different agenda Ssccss.
I am happy with my assessment, my holding, and also glad that Dave Wall is no longer with the company, but you can quote him all day long ;)
Also noted that it takes a barrel cost of $48 to drill a new well at profit but only $23 for existing wells, which makes Longhorn look even more attractive 320 x 60 x 365 = £7M with a target for year end of 600 x 60 x 365 = £13m
(less 36%) = $4,5m and $8.3M for 2025 onward (minimum)