Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The issue is that while (if) any legal battle is going our drilling time and the dilling season is evaporating!
Biden suspends NEW oil and gas leases on federal land for 60 days
The Biden administration announced Thursday a 60-day suspension of new oil and gas leasing and drilling permits for U.S. lands and waters as officials moved quickly to reverse Trump administration policies on energy and the environment.
As far as I can tell the permits are approved already. i guess that is what is being confirmed by DW
Emerald House LLC
ID AQ1628MG101P
Duration 1/1/2021 to 4/27/2021
Prospect & Rig Merlin 1 and Harrier 1/AAO Rig 111
According to dec.alaska.gov/Applications/Air/airtoolsweb/AirPermitsApprovalsAndPublicNotices/ both have been approved
I think it’s important to take in to account that while the PANR drill will give us a snapshot of what may be on our acreage, many of the zones are not being drilled in the prime location as they are drilling the Deltaic horizon as primary. We all know what happened at Charlie when we drilled in a less than prime location to try and capture as many zones as possible. We should not be disappointed if the horizons we are interested in do not flow black gold. Still, it’s all good data.
7th December 2020
This announcement contains inside information
88 Energy Limited Rig Contract Executed 88 Energy Limited ("88 Energy" or the “Company", ASX:88E, AIM 88E) is pleased to provide the following update related to its projects on the North Slope of Alaska. Highlights •Rig contract executed for drilling at Project Peregrine
•Permitting and planning remain on track for scheduled spud in February 2021
•Farm-out closed 4th December 2020Detail 88 Energy has executed a rig contract with All American Oilfield, LLC for the use of Rig 111 to drill the Merlin-1 and Harrier-1 wells at its Project Peregrine in the NPR-A region of the North Slope of Alaska. Both wells are planned for drilling to a Total Depth of ~6,000’ in order to intersect the prospective Nanushuk topset horizons that are located on trend to existing discoveries to the north of the project area. Permitting and planning remains on schedule for the spud of Merlin-1 in mid to late February 2021. Project Icewine Lease Rationalisation As part of the annual review of leases, the Icewine joint venture has determined that several leases at Project Icewine are no longer considered prospective and, consequently, a decision has been made to not renew these leases. These leases represent approximately 25% of the gross lease position, resulting in a 231,000 net acreage position for 88E in the Central North Slope. This will reduce the ongoing rental costs at the project as focus shifts to the farm-out effort in the vicinity of the recently drilled Charlie-1 well. In a new development, Pantheon Resources (AIM:PANR) announced that its Talitha-A well, located close to the northern border of the 88E central acreage position, is scheduled to spud in January ’21. Several of the prospective horizons in Talitha-A are interpreted to extend into 88E acreage (see Fig.1). Fig. 1 Icewine Lease Position and Prospectivity*see 88E announcement 10th November 2020, #Pantheon Resources 25th November 2020 Farmout targeted 2021Talitha-A#spud scheduled Jan’21
Managing Director of 88 Energy, Dave Wall, stated: "The farmout was finalised late last week and now the rig contract is executed. Drilling at Project Peregrine is moving ahead as planned and we are only 3 months away from spud on what will be a potentially company making prospect for our shareholders.” This announcement has been authorised by the Board.
Rig Contract Executed for Merlin and Harrier with All American Oilfield LLC
Trading again now down under
Again, and Ive said this quite a lot. Why would they want to accumulate stock if in the end it will be worth nothing...........
Im sure the Market will have already made their money on this. It will have been sold into the recent rise by those sophisticated enough to be in the know.
Rabito - thanks for the clarification
Did anyone notice that Lima has been assessed on the basis that it is UNCONVENTONAL?
ANN> Large Independently Assessed Resource at Project Icewine
leaky ship on Friday then
Usually there is smoke, then fire (well sometimes a small spark of hope), then someone with a big bucket of water to spoil the party
Yes, PB was an amazing guy. Over the years I have put a lot of money in to 88 on the back my belief in him. I know DW has his doubters, but if the new takeover has got us into another drill which if sucsessful will mean we can realise the HRZ, then it is all to play for. Lets see how it plays out.
CD, yes I thought about that but I want to buy a yacht in the next year. Since Trump stopped people with visas working in the US I have not been able to return to my apartment in Miami and with the likelyhood of more "working from home" in the future I would love to live at anchor somewhere in the Bahamas. Its close enough to "Pop" in to the office when needed and the tax savings may even pay for my lifestyle!
The thing is most of us have heard this all before.
Price bleeding from previous failure, spin the price up, CR, price drops to CR level, Price rises to drill, price bleeds from failure.
Ive been in since pre-globe days. So If I play this correctly and get out of here (with massive losses, but less loss than if I got out after one of the failures) we will probably find oil! I dont know if I can go through another drill only to see all hope evaporate once the drill is complete.
"Strewth!"
We may well find out soon who is paying for it initally. We will be paying for it in some form or another, but thats ok with me. Nothing is for free, the money has to come from somewhere.