Member Info for Yoghurt

ref Learningtoinvest

DW has stated it in one of the video presentations

If you were a third party waiting in the wings, company C say, and had already made an unsolicited offer (as we know at least one company has) do you indicate to DW & Burgundy that suspension here has more merit in company C interests than the J/V current potential work program which could have included a whole manner of options just chasing ~100bbls flow rate for the market. Company C may have more value in farm in with a well that can still be toyed with for data pre horizontal than an exhausted vertical but that had achieved 50-150bblpd?

Just looking for some potential silver lining an speculating....other than the data already obtained.
Came for the unconventional but staying for the conventional.

And also less efficient in hot climates. If large scale middle class growth pushes ahead in India like it is doing in China hybrid is essential.

DJ. Up until now within RNSs it has stated that Significant conventional prospectivity has also been identified on recently acquired 2D seismic across the project acreage.

Interestingly on the update yesterday it says....Significant conventional prospectivity has also been identified on recently acquired 2D and 3D seismic across the project acreage.

PNE, just to say the tax benefit as I understood it is not at the individual investors level ref asset v company sale but at HMRC level for the company. If SOU sell an asset I.e. Tendrara the company has to pass the asset through UK and implies tax on asset sale, whereas if the company is sold there is a tax avoidance on existing assets as the just go with the company.
Afaik.

S4LMO - If you are superstitious then you're in the wrong game investing.
Do you really think there is a universal deity that punishes mortals for testing potential future outcomes by touting them on a share BB?
If so please get to grips with Christopher Hitchens, Richard Dawkins, Karl Sagan, Sam Harris etc. Many good books or if you prefer some easy viewing on you tube.

TE8 & Badile Lol
https://imgur.com/a/ijUseYf

It'll happen peeps, just sit tight. This will snap into a true representative SP when a major or Super major shows it's true value because all the market can think about is TE8 & Badile and has no patience.
Seismic adding value every day.

I wonder if this will be reciprocal and so an opening deal that may be replicated in similar fashion for our conventional 3D in W fairway or Yukon for our free carry and premium down payments. Everyone gets better spread of risk and reward.

Western Blocks
88 Energy is earning a 36% working interest in four leases (totalling 22,711 acres) immediately adjacent to the Horseshoe#1/1A oil discovery well. 88 Energy, with its consortium partners Otto Energy Ltd and Red Emperor Resources NL, will pay a US$3m performance bond to the State of Alaska and 100% of the costs of well, targeting a 400MMbbl prospect, to be drilled in 1Q 2019. The leases are marked in green on the above map.

all this can be yours for 1.62p per share. Outstanding value. What is not to like?

29 February 2016 IW1. Tier 1 Liquids-Rich Hydrocarbon Concentration with World Class Resource Prize Potential 25 April 2017 IW2V. Icewine#2 Drilling Commenced 19 June 2017 Stage 1 executed as per plan with all proppant placed in reservoir. 14th February 2018 3D seismic acquisition has commenced across the Western Margin of the Project Icewine acreage. The conventional prospective resource potential (mean unrisked), as at 31 January 2018, is estimated by the Company as 1.9 billion barrels gross; 1.05 billion barrels net to 88 Energy. 18th June 2018 88 Energy, via its subsidiaries Accumulate Energy Alaska, Inc and Regenerate Alaska, Inc, has been formally awarded acreage it successfully bid on in the State of Alaska North Slope Licensing round December 2017. Lease documents have been executed and returned to the Alaska Department of Natural Resources and balance of funds have been wired. AKA Yukon Gold.

like expectant parents....waiting for the first kick.

what an opportunity for those that thought they had missed the boat!

daveyboy71. I think they will drill but I question when they will start. I went to the AGM yesterday, appreciated the company made all the correct noises about drilling in summer etc. but can't help but think that drilling will wait for Schulm data and additional analysis before te9/10 goes ahead. Only IMO. It is my view we have just about enough news flow without the drill over the summer anyway and always have the additional juice of a rig move around the corner to take us through to the late autumn when we really get started drilling. Why do I think this? It is important for Sound to massage PI time and expectation having set out an original drill schedule & as it now appeared it was too early for Schulm data analysis. If Schulm are paying their own c. 27% (22.5 + additional share of Onhym carry) they will want to do that off the back of their own data not Shearwaters. Onhym for their part will also want to wait for the full data, neither of those parties have to be mindful of share price of stock or messaging in their timings. As good as the SW A structure data is including the three extra lines which are being fast track processed now it doesn�t sound a patch on the Schulm algorithms and final product. I�m very bullish but willing to be as patient as Brian�s team tell me I need to be.

250. Really? If you job provided you salary and a stock option as part of your overall package and after 6/7 years your employer said to you you can't have the shares in the end but you shouldn't care anyway as you haven't paid for them you would be livid. How can you say they haven't cost the guy anything, his poor wife has probably had to endure him responding to PI questions night and day for 6-7 yrs and part of the recompense is stock. They have been hard earned and are not for free.

When he says it is not his place to comment on the market & share price you might like to tell him the market & share price is commenting on the company ATM. I would hope from AGM next week we start our recovery.

Cheers Brombard. I'm inclined to think then that as the FB pad is midway between Prudhoe airport and sagwon airport, (sagwon being 65 miles south of Prudhoe) but measurably warmer that we are possibly marginally warmer than the prudhoe reported temperatures.

I notice we see references to Prudhoe Bay weather. Isn't Sagwon airport closer and likely more accurate? albeit a little cooler as 40KM north? www.willyweather.com/ak/north-slope-borough/sagwon-airport.html

After the recent tweet about Sidi farmout I'd love someone to ask JP/JJ that since we reneged on our original PeteroMaroc agreement and screwed them over with a value rewrite and additional clawback of 50% >50p sales (fat chance) and that we also screwed over Culebra Petroleum who were in place to farm in 50% if any serious potential farm-in partner would touch it/us with a barge-pole. Can't help but think JP has made JJs job very difficult indeed, let alone confuse and mismanage shareholder messaging re that asset over the entire timeline. This isn't performance pay worthy. The shareprice will sort itself out and rise over the summer but Sidi must rank as a colossal obfuscation.