88 Energy Ltd (EEENF)

[RJ32]

Good afternoon $EEENF Army... here's Elwood Brehmer's response to my email below.

Still waiting to hear from 88 Energy's admin, DW, and Michael Evans - Chairman of BOD.

Elwood is with Alaska Journal of Commerce. He's written several articles on 88 Energy this year.

Emailed Elwood on Fri, Apr 9 at 5:21 pm.

Elwood Brehmer <[e-mail]
Mon, Apr 12 at 9:15 AM

Hello Rick —
While I would expect a larger company to eventually buy out 88 if they can prove up their work, I would be very surprised if it happened anytime soon. They likely need to drill at least a couple more wells to delineate whatever they have a lot better.
That said, I believe they've hit oil (possibly a significant amount) but the location of Umiat/the Merlin project (being about 50 miles from the nearest road and only accessible in winter) means it would have to be quite a large find to make it economic, which is usually the problem here.
And sorry, I don't know anything about Mr. Gilbert.
Hope that helps,
Elwood

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Elwood Brehmer
Reporter
Alaska Journal of Commerce
[phone]