Katie Profile picture
22 Apr, 11 tweets, 7 min read
$eeenf @88EnergyLtd

Please remember the following is a conspiracy theory. I have come to these thoughts based upon the following information and upon discussing them with my friends: @tonka_waterman & @The2020Father

**THIS IS NOT FINANCIAL ADVICE**
$eenf @88EnergyLtd

As we all know, CEO David Wall is leaving 88E in May 2021 on "good terms".

The current CFO/Secretary Ashley Gilbert is replacing David. Today I decided to do MORE research on Ashley and I stumbled up on this:
$eeenf @88EnergyLtd

Naturally, I looked into Woodside Petroleum.

"Woodside is the largest operator of oil & gas production in Australia & also Australia's largest independent dedicated oil & gas company."

woodside.com.au
$eeenf @88EnergyLtd

Woodside is looking to transition into cleaner energy.

(FYI, Natural gas is clean energy and 88E keeps finding it in Alaska)

"...opportunistically assess interest in further investment in the upstream component. We expect there will be strong interest...
$eeenf @88EnergyLtd @WoodsideEnergy

...given the high quality of this resource and the forecast robust demand for LNG in the years ahead."

(LNG= liquified natural gas)

asx.com.au/asxpdf/2021041…
$eeenf

"Instead of looking directly for oil, the companies are chasing vapor. The idea is to use an increasing understanding of thermal maturity to understanding this particular resource." @88EnergyLtd

petroleumnews.com/pntruncate/545…
$eeenf @88EnergyLtd

Guess who else worked for Woodside Petroleum?

David Wall and Michael Evans of 88 Energy.👇
$eeenf @88EnergyLtd

"We know what we're looking for in an incoming CEO, and Meg is clearly a strong candidate, and there are others," he said.

Could David Wall be the new CEO of Woodside Petroleum?

I'd certainly throw my resume in if I were him...

nasdaq.com/articles/new-w…
$eeenf @88EnergyLtd

Lets go back to Ashley Gilbert. Remember, he started w/88E June 28, 2020... & he worked for Woodside Petroleum as well.

ALSO important to note Woodside Petroleum's subsidiareis...

ConocoPhilips???

Remember CP is drilling next door to 88E in Alaska...
$eeenf @88EnergyLtd

Ashley Gilbert experience includes:

- joint venture reporting,
- asset acquisition
- asset & corporate modelling & valuations,
- Post-merger / company acquisition integration of staff, systems & policies across multiple locations;

linkedin.com/in/ashley-gilb…
$eeenf

In short @tonka_waterman @The2020Father & my theory is:

1. David Wall becomes CEO of @WoodsideEnergy
2. Ashley Gilbert is CEO of @88EnergyLtd
3. @WoodsideEnergy acquires/merges w/88E
4. We all live happily ever after.

**This is a theory and not financial advice**

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More from @Thoughts_NJ

22 Apr
$eeenf @88EnergyLtd
I love a good throwback!

The following thread will have some great quotes out of this article from Hart Energy - September 2015 & another reminder of why 88E went to Alaska.

88energy.com/wp-content/upl…
$eeenf @88EnergyLtd
"The company acquired an 87.5 % working interest and operatorship of the onshore acreage (Icewine) and paid a US$500,000, non-refundable deposit, before raising $6.9 million in February to fund the balance. "
$eeenf
“This is a project that can attract capital in a low-oil-price environment, bc you're getting such excellent bang for your buck... spending a very small amount of $ to get access to what could be a billion barrel oil prize in a shale play is still attractive to investors"
Read 13 tweets
19 Apr
$eeenf @88EnergyLtd
"Charlie-1.... comprises over 1 TCF est. gross mean prospective gas and assoc. condensate... commercialisation options include, but are not limited to, possible local power generation, compressed natural gas as well as potential for conversion to hydrogen"
$eeenf @88EnergyLtd
Re Yukon Leases: "The acquisition of these leases represents a logical step in the Company’s aggregation strategy for oil resources in this part of the North Slope, where existing infrastructure provides a potential pathway to commercialisation..."
$eeenf @88EnergyLtd
"...with the addition of lease AA095899 which is adjacent to the existing Yukon Leases held by Regenerate Alaska Inc anticipated to assist in advancing continuing discussions with nearby resource owners to optimise the monetisation strategy of the acreage."
Read 5 tweets
15 Apr
$eeenf

Let's be real most of you have not been holding @88EnergyLtd shares for five+ years. You are new(ish) investors (myself included) so lets take a look back & see where @88EnergyLtd was coming from w/regards to the North Slope.
$eeenf

As I mentioned previously, Emerald House is just one subsidiary w/in @88EnergyLtd who operates the Merlin-1 well.

Accumulate Energy Alaska (AEA) is another subsidiary of 88E which is named the operator of Icewine 1 & 2 wells & Charlie 1 well.

drillingedge.com/alaska/operato…
$eeenf @88EnergyLtd

A search for AEA within the Alaska Dept. of Commerce brings up multiple filings. One name mentioned quite frequently (alongside David Wall) is, Michael McFarlane.

McFarlane is listed as a Director for AEA in this 2020 Biennial report: AEA's 2020 Biennial Report (pg 1 of 2)AEA's 2020 Biennial Report (pg 2 of 2)
Read 14 tweets
12 Apr
My $eeenf @88EnergyLtd investigation on this boring Monday:

Merlin-1 well is operated by Emerald House, LLC

drillingedge.com/alaska/umiat-q…
$eeenf @88EnergyLtd
Alaska entity search for Emerald House, LLC shows they updated their address from Perth, Australia to Houston, TX on 10/27/20: Image
$eeenf @88EnergyLtd
Google search Houston, TX address brings up:

Looper Goodwine P.C. - specializing in Oil & Gas Mergers & acquisitions, Acquisition & divestiture of oil & gas assets... Joint venture structuring for exploration & development...

loopergoodwine.com/practice/oil-a…
Read 7 tweets

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