$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…
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. "
"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"
“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"
$eeenf @88EnergyLtd
"...everything else associated with drilling is deductible and when they do their deductions in Alaska, instead of deducting it off your taxable revenue so that you get a tax credit, they actually give you back physical cash, even if you are not producing.”
"...everything else associated with drilling is deductible and when they do their deductions in Alaska, instead of deducting it off your taxable revenue so that you get a tax credit, they actually give you back physical cash, even if you are not producing.”
$eeenf @88EnergyLtd
“What they’ve done in the statute is make that cash transferrable, so the actual credit application is a transferrable item that you can give or sell to someone else, which means that a bank will loan against it”
“What they’ve done in the statute is make that cash transferrable, so the actual credit application is a transferrable item that you can give or sell to someone else, which means that a bank will loan against it”
$eeenf @88EnergyLtd
"[a Houston lawyer] introduced him to Paul Basinski, the hydrology and unconventional oil and gas guru whose team helped open liquid shale treasure troves for ConocoPhillips, also in the Eagle Ford"
"[a Houston lawyer] introduced him to Paul Basinski, the hydrology and unconventional oil and gas guru whose team helped open liquid shale treasure troves for ConocoPhillips, also in the Eagle Ford"
$eeenf @88EnergyLtd
💥“The unconventional potential of Alaska, according to a (USGS) 2012 study, is something like 2 billion barrels across the entire North Slope. Well we think we’ve got potential of 1 billion barrels on our 100,000 acres alone,” Wall said."💥
💥“The unconventional potential of Alaska, according to a (USGS) 2012 study, is something like 2 billion barrels across the entire North Slope. Well we think we’ve got potential of 1 billion barrels on our 100,000 acres alone,” Wall said."💥
$eeenf @88EnergyLtd
“The project has been identified by the guy who was instrumental in identifying the sweet spot in the Eagle Ford. Using the same methodology, he has put this project together...It could have huge potential, & we would have to spend very little $ to test it."
“The project has been identified by the guy who was instrumental in identifying the sweet spot in the Eagle Ford. Using the same methodology, he has put this project together...It could have huge potential, & we would have to spend very little $ to test it."
$eeenf @88EnergyLtd
💥"The optionality associated with the project is unlike any project I’ve seen in the last 10 years, and I’ve looked at a lot of projects as an analyst." -David Wall 💥
💥"The optionality associated with the project is unlike any project I’ve seen in the last 10 years, and I’ve looked at a lot of projects as an analyst." -David Wall 💥
$eeenf @88EnergyLtd
“There is infrastructure that we sit on top of, the road and the pipeline system, which runs through our acreage. Around 11 miles to the south is Pump Station 2, which has never been utilized, but is still in operating condition.
“There is infrastructure that we sit on top of, the road and the pipeline system, which runs through our acreage. Around 11 miles to the south is Pump Station 2, which has never been utilized, but is still in operating condition.
$eeenf @88EnergyLtd
"That gives us options to either truck oil 35 miles north to Pump Station 1, where Prudhoe Bay feeds into the pipeline, or build a pipeline down to Pump Station 2,”
"That gives us options to either truck oil 35 miles north to Pump Station 1, where Prudhoe Bay feeds into the pipeline, or build a pipeline down to Pump Station 2,”
$eeenf @88EnergyLtd
“We’re trying to do something that is a little more phased in our approach, which is drill this well, get some core data, shoot some seismic and then look at next steps. We think that is a lower risk approach with a lower cost.”
“We’re trying to do something that is a little more phased in our approach, which is drill this well, get some core data, shoot some seismic and then look at next steps. We think that is a lower risk approach with a lower cost.”
$eeenf @88EnergyLtd
“It’s always serendipity, networks, people; they’re the things that position you to get access to these types of opportunities...you’ve got to be in the right place at the right time, & then you’ve got to capitalize on the opportunity.. that is our next step.”
“It’s always serendipity, networks, people; they’re the things that position you to get access to these types of opportunities...you’ve got to be in the right place at the right time, & then you’ve got to capitalize on the opportunity.. that is our next step.”
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