88 Energy Ltd (EEENF)

[RJ32]

Excerpts from $EEENF Quarterly Report ended 31 December 2020, that I want to point out to the board... these are facts from 88 Energy.

Some of us already know this, but some might not... the key words to focus on are "several" and "interpreted" from excerpt below.

"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."

The market hasn't realized this yet. (IMO)

Secondly, check out "commercialization" and the meaning of the excerpt below.

"In-house analysis also commenced in the quarter on various commercialisation options for the gas condensate discovered in the Torok Formation by 88E's Charlie-1 well in 2020. The discovered resource comprises over 1 TCF of independently estimated gross mean prospective gas as well as associated condensate." Do you guys get this?

"The commercialisation options include, but are not limited to, possible local power generation, compressed natural gas as well as potential for conversion to hydrogen using steam methane reforming (SMR) with carbon capture and storage (CCS) processes."
Do you understand what this means?

(Definition... "Commercialization or commercialisation is the process of introducing a new product or production method into commerce—making it available on the market.") Hmmmm!!!

"It is expected that this work will move to a formal feasibility stage during 2021."

This is very positive for the company in regards to, potentially commercializing natural gas!

Thirdly, we have a deal (catalyst) coming up in 3rd Quarter this year, not to far away.

"Farm-out of Project Icewine is ongoing, with a deal targeted in 3Q 2021."

There are a lot of moving parts going on now and throughout this year, according to this report. I know one thing, don't think they're sitting on their asses!