88 Energy Share Discussion Threads

[smackeraim] 19/2/2024 00:12

Interesting week or two ahead!

[dannymaz89] 18/2/2024 22:54

https://announcements.asx.com.au/asxpdf/20240219/pdf/060jf3xl22bckd.pdf

[dannymaz89] 18/2/2024 09:22

88E news flow:Phoenix 1. Flow testing:Basin Floor Fan (BFF)"250 million barrels of oil equivalent from the deepest reservoir"Slope Fan System (SFS)"The Upper SFS had the best oil shows across all reservoirs intersected in the Hickory-1 well and recently completed mapping of the Upper SFS demonstrated a reservoir zone that is more laterally extensive than previously considered"Shelf Margin Delta (SMD)"shallower and less thermally mature (more oil prone)"2. the flow test program is fully funded and operations will commence in February 2024Leonis1. Project Leonis will see an independent, Certified Resource Estimate completed before commencing a formal farm-out program in 1H242. We are very pleased to have already received in-bound farm-in interest for Project Leonis from multiple parties"Due diligence is ongoing with these respected, large oil and gas parties"Namibia 1. PEL 93 benefits from existing infrastructure situated around the Owambo Basin, enabling a clear pathway for future potential commercialisation2. 200 line-kilometres of low-impact 2D seismic. This will enable validation of ten significant structural closures in a well-defined sedimentary basin with proven oil charge, reservoirs, and seals.Longhorn 1. Bighorn has approved 5 workovers to be completed in 1H 2024 and upon successful execution are expected to increase production to 180 - 220 BOE gross per day (~75% oil).· Once the workovers are completed, Bighorn will consider for approval the 2 new production wells, as previously announced, in 2H 2024, which are expected to increase production by an additional 160-200 BOE gross per day (~75% oil).2. additional production to enhance our current output of 370 BOE per day

[dannymaz89] 17/2/2024 14:11

https://x.com/theunsophistic2/status/1758855934909038950?s=46&t=4s-AQzZhMmeWz3Ire1AEsA

[talais] 15/2/2024 06:45

Great article https://nextinvestors.com/articles/88e-found-oil-does-it-flow-we-will-soon-find-out/

[talais] 15/2/2024 06:43

https://twitter.com/88EnergyLtd/status/1757641913799512484?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

[talais] 14/2/2024 17:35

-- Burgundy Xploration, LLC (Burgundy) has secured US$2.0M in initial funding that has been agreed to be paid to 88 Energy immediately in part settlement of outstanding cash calls-- 88 Energy has agreed to a standstill of the default until 31 January 2024 for Burgundy to pay the remaining outstanding amount-- If Burgundy is unable to cure and pay the remaining outstanding amount in full by 31 January 2024, 88 Energy will receive 50% of Burgundy's working interest in Project Phoenix -- Burgundy remains committed to funding their share of the Hickory-1 flow test program -- 88 Energy is fully funded from the recent Placement and receipt of these funds and is focused on delivering the successful flow testing of multiple reservoirs at the Hickory-1 well in Q1 202488 Energy Limited (ASX:88E, AIM:88E, OTC:EEENF) ( 88 Energy or the Company ) is pleased to advise that it has received US$2.0 million in funds from its Project Phoenix JV partner Burgundy Xploration, LLC ( Burgundy ) as part settlement of the US$3.745 million in unpaid cash calls (represented by US$3,452,967 in relation to outstanding cash calls due plus interest of US$292,505).The Company via its 100%-owned subsidiary Accumulate Energy Alaska, Inc ( 88E-Accumulate ) has also entered into a further standstill agreement with Burgundy which provides additional time for Burgundy to cure and pay the remaining outstanding funds due of US$1.745 million by 31 January 2024. If Burgundy fails to pay by this date, Burgundy will immediately transfer to 88E-Accumulate 50% of Burgundy's working interest in all of Project Phoenix's Toolik River Unit leases (or a pro rata amount of Burgundy's working interest if Burgundy pays some but not all of the outstanding cash calls amount by 31 January) ( Transfer interest ).Burgundy will also within 5 days after 31 January 2024, sign and return the Hickory-1 flow test AFE at the revised working interest level post the Transfer interest. If Burgundy has not made payment for its share of the AFE cost within six months after the due date of the AFE cash call then Burgundy will transfer 50% of its remaining working interest in the Toolik River Unit leases, post the Transfer interest.The Company maintains its rights under the joint operating agreement should Burgundy not be able to pay any future cash calls, including exercising the option to require Burgundy to relinquish its working interests in Project Phoenix and the joint venture.Burgundy continues to support the progression of the upcoming Hickory-1 flow test program, and it has informed the Company it intends to fund its share of the flow test program .

[daar] 14/2/2024 14:28

This got the habit of going above 2-3p on expectations...

[gowski] 14/2/2024 14:28

Yeah reddit.. Responsible for the +400% in spring 2021. Was nice to hop out at 4p

[talais] 14/2/2024 12:37

Fully funded Flow test and starts mid Feb, if get good results then should see a good increase of share price. Thats all we need to know now. How much? maybe back to 0.60s-0.80s feb 2023. 1) Hickory-1 discovery well flow test and well stimulation program (Flow Test) set to commence mid-February 2024, following ice road construction, pad construction and rig mobilisation. 2) Fully funded Flow Test budget of US$11 million

[talais] 14/2/2024 12:16

Rig RNS very soon,

[firestarter1] 14/2/2024 11:53

Going down now

[martin1962] 14/2/2024 11:26

He he "you and your crew". What are you 12 years old.

[firestarter1] 14/2/2024 11:10

Time to dump

[firestarter1] 14/2/2024 11:03

Suggest u all start selling

[firestarter1] 14/2/2024 11:03

My crew have shorted now back to 0.2p soon

[firestarter1] 14/2/2024 11:03

The usual pumpers Earl and Ria on lse pumping away like clowns

[firestarter1] 14/2/2024 11:00

Reddit guys pmslShorted thanks

[daar] 14/2/2024 10:55

So finally we are off!

[gowski] 14/2/2024 10:27

Need the reddit guys to pick this up

[gann72] 14/2/2024 09:54

I think they have found water