$eeenf @88EnergyLtd
You know what I think is important that no one seems to talk bout?
When 88E acquired XCD Energy last year...
👇🧵
You know what I think is important that no one seems to talk bout?
When 88E acquired XCD Energy last year...
👇🧵
$eeenf
“ @88EnergyLtd said a combined company will have an attractive & complementary portfolio of exploration assets.”
smallcaps.com.au/88-energy-off-…
“ @88EnergyLtd said a combined company will have an attractive & complementary portfolio of exploration assets.”
smallcaps.com.au/88-energy-off-…
$eeenf @88EnergyLtd
“Its case also notes that a larger entity will have enhanced strategic, commercial, technical and financial strength to optimise financing of operations and exposure to a larger global investor base.” 👀
“Its case also notes that a larger entity will have enhanced strategic, commercial, technical and financial strength to optimise financing of operations and exposure to a larger global investor base.” 👀
$eeenf @88EnergyLtd
“... is confident that merging the assets of 88E & XCD Energy, combined w/the potential upside offered, places the combined group in a strong position to fill the growing investment void in the ASX / AIM-listed oil and gas sector.”
google.com/amp/s/www.proa…
“... is confident that merging the assets of 88E & XCD Energy, combined w/the potential upside offered, places the combined group in a strong position to fill the growing investment void in the ASX / AIM-listed oil and gas sector.”
google.com/amp/s/www.proa…
$eeenf @88EnergyLtd
“...the transaction provides XCD Energy shareholders w/the opportunity to become shareholders of a company w/significantly increased scale & demonstrated operational capability that is focussed on the world-class oil potential of the North Slope of Alaska.”
“...the transaction provides XCD Energy shareholders w/the opportunity to become shareholders of a company w/significantly increased scale & demonstrated operational capability that is focussed on the world-class oil potential of the North Slope of Alaska.”
$eeenf @88EnergyLtd
“XCD Energy is active in the North Slope region with 100% ownership of 195,373 acres (79,064ha).”
smallcaps.com.au/88-energy-decl…
“XCD Energy is active in the North Slope region with 100% ownership of 195,373 acres (79,064ha).”
smallcaps.com.au/88-energy-decl…
$eeenf
“It (XCD) has a prospective resource of about 1.6 billion barrels. The company also added four additional leases in the December quarter” 👀
“... @88EnergyLtd controls a net 250,000 acres - Its major project is called Icewine...”
“It (XCD) has a prospective resource of about 1.6 billion barrels. The company also added four additional leases in the December quarter” 👀
“... @88EnergyLtd controls a net 250,000 acres - Its major project is called Icewine...”
$eeenf @88EnergyLtd
“With the deal now largely complete, the combined group has a net lease position of around 520,000 acres, or over 2,100 square kilometres in one of the world’s richest hydrocarbon basins.”
google.com/amp/s/thewest.…
“With the deal now largely complete, the combined group has a net lease position of around 520,000 acres, or over 2,100 square kilometres in one of the world’s richest hydrocarbon basins.”
google.com/amp/s/thewest.…
$eeenf @88EnergyLtd
XCD said its Peregrine project is located along trend from several recent, large oil discoveries made by US-based operators. The recent CP operated Harpoon oil discovery is located only 15km NW of XCD’s Harrier prospect...
XCD said its Peregrine project is located along trend from several recent, large oil discoveries made by US-based operators. The recent CP operated Harpoon oil discovery is located only 15km NW of XCD’s Harrier prospect...
... just 1 of 3 prospects in XCD’s Peregrine portfolio containing a total prospective resource of over 1.6 billion barrels of oil – a potential company-making target for any future exploration drilling program.”
$eeenf @88EnergyLtd
$eeenf @88EnergyLtd
$eeenf @88EnergyLtd
“...the combined landholdings may create more interest from local and international oil majors looking to cash in on the company-making oil riches that continue to be discovered in the region.”
“...the combined landholdings may create more interest from local and international oil majors looking to cash in on the company-making oil riches that continue to be discovered in the region.”
$eeenf @88EnergyLtd
My closing thought:
What oil & gas company (or any company for that matter) would acquire its Australian competitor if they weren’t sitting on something massive?!?
My closing thought:
What oil & gas company (or any company for that matter) would acquire its Australian competitor if they weren’t sitting on something massive?!?
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