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LOOKING MUCH MORE PROMISING HERE
Billions in market capitalization in the making
Getting interesting in terms of stock price
New Activity Directly Offsetting Project Icewine Acreage
via: reddit
https://www.reddit.com/r/EEENF/comments/z4tqk3/new_activity_directly_offsetting_project_icewine/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button
link shows location of permitting tracts,,location
https://aws.state.ak.us/OnlinePublicNotices/Notices/Attachment.aspx?id=100785
A property can be worth millions
Don’t let the shares outstanding scare you
$EEENF ... From 88e Lon Hickory 1 details
https://dog.dnr.alaska.gov/Document/Download/E2866989809845F08FF38C72F947AE0/Application%20LAS%2034367.pdf
“Accumulate Energy Alaska, Inc. (AEA) is proposing to drill an exploration well, Hickory #1, beginning in February, 2023. The well will be drilled from a temporary 600-foot by 600-foot ice pad located 30 miles south of Deadhorse and roughly 0.30 miles past Dalton Highway MP 382. The pad will sit approximately 400 feet west of the Dalton, connected by a 500-foot ice road. The combined area of the ice infrastructure should total around 8.66 acres.”
I just located the Full Application LAS 34367 document. It does provide location information for the Hickoty-1 well. Filed by Accumulate Energy Alaska, Inc. for 88 Energy. The first document circulating around was a letter, not the application.
— UFO Pilot (@GeodesRock49) November 21, 2022
https://t.co/02DRF5sKHM
Quietly 88E is preparing for its 2023 drilling operations at the Hickory 1 site
Land permit application is filed...If you take a opportunity to review it a few positive things pop out...
Hickey site is Location right next to Dalton Highway..Application states only a 500ft ice road is needed to reach the site!!
Also the Application appendix map of the site indicates the Nordic Rig 2 will be used...interesting
MY opinion only...but if you look at the cost of Merlin 2 drilling operations the built up and tear down it cost about 26mill...Remember Peregrine is in the middle nowhere...
Hickory 1 is right off the Highway ...17mill in cash will be plenty to get this operations up and running...GLTA!!!
$EEENF ... https://nordic-calista.com/rigs/rig-2/ ... Be fruitful, multiply…
Billions market capitalization in the making jmo
Don’t let the shares outstanding scare you
Management diversify
Drilling will be interesting
$600,000,000 a property can be worth
Smart buyers maybe. One day someone sells and the next day it soars
Wished we had close on the upside
Producing property can be worth millions
Yeah As I said earlier finding it is one thing...getting to it and out of the ground is the game changer.
This and PTHRF
Well....the 90 million shares is not much compared to the 18,265,555,556 shares already issued. Will bring our total OS to
18,355,555,556 shares.
The way I see it, they are priced at .02 AUD, which is .013 USD. Almost double the current price, which is fine with me.
That is how it works in Oil Exploration. There's no revenue when you are looking for oil... until you found it! But on the other hand the company does have a production well in Texas acquired not too long ago. That makes $$$.
Oh Lord, next corporate action ...
Total number of
+securities to be
issued/transferred Issue date
88EAK OPTION EXPIRING VARIOUS DATES EX
VARIOUS PRICES
90,000,000 17/11/2022
https://wcsecure.weblink.com.au/pdf/88E/02599727.pdf
I'm sure that amount of oil is in there its a matter of being able to tap into it and recover it
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88 Energy Limited (ASX:88; AIM 88E) has advised that pre-spud operations are now entering the final phase as Rig 111 makes it way to the drilling location for Merlin-1, and that the spud date is now scheduled for next Monday, 8 March.
The Merlin-1 well will initially be drilled to 1,500 feet, then surface casing will be installed and the Blow Out Preventer System tested.
This is expected take approximately one week to execute, after which the well will be deepened through the target horizons in the Nanushuk Formation to a maximum total depth of 6,000 feet.
The Merlin-1 well is scheduled for spud in early March 2021 and is targeting 645 million barrels of gross mean prospective resource.
Logging while drilling and mudlogging will provide initial indications as to the prospectivity of the well during this part of the operation that is expected take three to five days.
A sophisticated wireline logging suite will then be run, including sidewall cores and downhole sampling.
Wireline logging is expected to take five to seven days, and if the results are encouraging, then the well will be completed with casing and a flow test conducted.
The drilling of the second well in the program, Harrier-1, remains subject to permitting, Merlin-1 results and weather/schedule.
Commenting on progress and outlining what may lie ahead following Merlin-1, managing director Dave Wall said, “Pre-spud operations are now entering the final phase as Rig 111 makes it way to the drilling location for Merlin-1.
"Success at Merlin-1 could yield over 300 million barrels net to 88E and open up further prospectivity at Project Peregrine (see above), in addition to unlocking the substantial proven resource at the adjacent Umiat oil field, which is 100% owned by 88 Energy.
"Metrics for discovered oil were demonstrated by the late-2017 Oil Search (ASX:OSH) transaction where US$3.10 per barrel was paid in a low oil price environment for an interest in the Pikka Field, a discovery in the Nanushuk Formation.
"Success at Merlin-1 would be transformational for our shareholders and we look forward to providing further information on operations over the next 4 to 6 weeks.’’
https://88energy.com/
https://www.facebook.com/88EnergyLtd/
This section maintained by Pro-Life - DO NOT EDIT OR ADD HERE UNDER ANY CIRCUMSTANCE PER MODERATOR TOS:
NEW on YT: Project Peregrine - 88 Energy - 10.18.2021
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166410430
https://wcsecure.weblink.com.au/pdf/88E/02495881.pdf
88 Energy trades on 4 global platforms:
Australian Stock Exchange (ASX), London Stock Exchange (LSE) German Boerse (DAX) and otcMarkets:
Check ASX action: https://www2.asx.com.au/markets/company/88e
Check German Boerse action: https://www.boerse-frankfurt.de/equity/88-energy-ltd
Check LSE action: https://www.lse.co.uk/SharePrice.asp?shareprice=88E&share=88-Energy
Check otcMarkets action: https://www.otcmarkets.com/stock/EEENF/quote
Convert AUD to USD or British Pounds to USD: https://www.bankrate.com/calculators/investing/currencycalc.aspx
Lots of 88E coverage: https://www.nextoilrush.com
A Quick Guide to Knowing What You Own as an Oil Investor: https://katusaresearch.com/not-oil-created-equal-quick-guide-knowing-oil-investor/
Share Structure per the company website: https://www.88energy.com/capital-structure/
Newest Investor's Presentation released 9.1.2021:
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02417008-6A1048649?access_token=83ff96335c2d45a094df02a206a39ff4
Going debt free... the greatest 88E announcement to date - 6.21.2021!!!
Via e-Mail...
88 Energy Limited
Sale of Tax Credits and Full Repayment of Debt
https://wcsecure.weblink.com.au/pdf/88E/02386132.pdf
Page 16 from financials released on 10.8.2021 - https://clients3.weblink.com.au/pdf/88E/02405874.pdf
MUST SEE >>> DO NOT MISS <<< IMPORTANT
HUGE Twitter DD thread... 88E ROAD to success exists:
http://twitter.com/StevenStocks5/status/1432107880598102023
88E Due Diligence Collection from PokeStonksTrainer (@HarisRad88):
https://threadreaderapp.com/user/HarisRad88
Must see DD (88 slides of light sweet crude):
https://drive.google.com/file/d/101BYeTf-8hs5vtSbDRNk0jFxFjtvkl1r/view
For future reference going into 2022 and the BLM - from WOOFERHEAD:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165866733
https://www.proactiveinvestors.com/companies/news/963322/88-energy-updates-on-operations-as-it-sits-on-comfortable-cash-pile-963322.html
https://www.reddit.com/r/EEENF/comments/t1f0iu/alright_folks_lets_get_something_straight/
https://finance.yahoo.com/news/88-energy-limited-asx-88e-230414601.html
doinit Presents... Crude Oil Basics:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165612520
Brent Crude vs. West Texas Intermediate: The Differences
By
Updated Sep 30, 2020
West Texas Intermediate
In the United States, West Texas Intermediate is the preferred measure and pricing model. It is also slightly "sweeter" and "lighter" than Brent.
West Texas Intermediate (WTI) is slightly lower in price than Brent. As of November 2, 2020, WTI was trading at $38.76 per barrel, while Brent traded at $41.19.
The offshore oil rigs, despite being in the news more often, most famously with the BP oil leak of 2010, are heavily traded as barometers of domestic oil market health.
ALASKA'S OIL & GAS INDUSTRY
BACKGROUND • HISTORY • THE FUTURE • FACTS • PRODUCTION
SB21 • PRODUCERS & EXPLORERS • ALYESKA PIPELINE SERVICE COMPANY
REFINERS • LINKS • SOURCES • COMMENTS
https://www.akrdc.org/oil-and-gas
http://dnr.alaska.gov/commis/Presentations/Alaska_North_Slope_Gas_Potential_Sept_2016.pdf
https://www.reddit.com/r/EEENF/
Which Are The Seven Steps Of Oil And Natural Gas Extraction?
http://www.sheerproject.eu/which-are-the-seven-steps-of-oil-and-natural-gas-extraction/
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