Katie Profile picture
25 Apr, 6 tweets, 3 min read
$eeenf @88EnergyLtd

The following video from 4-22-2016 of David Wall outlining their investment opportunity. Please take the time to listen if you can.

Some of my favorite quotes to follow.

google.com/amp/s/www.proa…
$eeenf @88EnergyLtd

“If we were going to fail we wanted to fail as fast as possible...there’s no point in conducting a science experiment. We’re all here to make money and if you’re not out to prove that as quickly as possible you’re basically wasting everyone’s time.”
$eeenf @88EnergyLtd

“We have something that is unlike any other resource play that we’re aware of...30% higher than the eagle ford...which means more oil can be accessed by the well bore better flow rates, better ultimate economics”
$eeenf @88EnergyLtd

During the q&a session someone asked how likely their estimates were on the slide below.

DW’s response: “The number is actually very well defined...If you were to roll a dice 100x the most common number you would get is the p50 number” 👀
$eeenf @88EnergyLtd

DW stated they’re not worried about installing a 35 mile pipeline if necessary...

“Our path to market due to infrastructure is very simple”

“...so when we have bigger volumes we’ll be able to get them to market very easily and cheaply”
$eeenf @88EnergyLtd

And my favorite David Wall quote to end the video:

“The potential here is too big to ignore”

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More from @Thoughts_NJ

27 Apr
$eeenf

Let's talk about @88EnergyLtd referencing Pantheon in yesterday's operations update:

"...several of the other prospective horizons encountered in Talitha-A, where pay has been interpreted by Pantheon, extend into Project Icewine acreage."

proactiveinvestors.co.uk/companies/news…
$eeenf @88EnergyLtd
"It is also highly positive to see pay zones & a flow rate of light oil achieved from zones on adjacent
acreage that are also prospective at Project Icewine, where an internal review has commenced to
determine the significance of the neighboring results.” Image
$eeenf @88EnergyLtd

Pantheon's Operational update, Talitha-A well dated 4-19-2021:

"...management believes has validated its earlier assertion of over 1bn barrels recoverable oil potential from this multi-billion barrel oil in place play at Talitha.
marketscreener.com/quote/stock/PA…
Read 13 tweets
25 Apr
$eeenf @88EnergyLtd

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-…
$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.” 👀
Read 12 tweets
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
22 Apr
$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
Read 11 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

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