"Strategic Finance Executive with over 15 years of experience driving connections between current business performance and the forward-looking strategic landscape to realise opportunities to create value..." au.linkedin.com/in/oli-mortens…
$eeenf
His LinkedIn page states he started working w/88 as of Nov 2021
Interestingly, 88 provided no formal announcement regarding their new CFO like they did w/pretty much every other position
Remember, the current Managing Director, Ashley Gilbert, was the former CFO
$eeenf
However, if anyone looked close enough to @88EnergyLtd OTCQB Certification they filed on 12/23/21 Oliver is included in the list of Officers/ Directors.
"Bardoc Gold’s CEO, Mr Robert Ryan, said he was delighted to have attracted someone with such an extensive range of corporate, financial, commercial and strategic skills in the global mining industry to fill this key finance role in the Company’s leadership team."
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"I have every confidence that Oli will be an invaluable addition to the team as we progress discussions with banks and financiers, complete the DFS and secure an appropriate funding package to take the Bardoc Project into production." - Bardoc Gold’s CEO, Mr Robert Ryan
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6 months into Oliver's employment, Bardoc presented their shareholders w/a strategic review of their gold project stating:
"... Strategic M&A opportunities; and Other development or production pathways with the potential to monetize the deposits"
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Fast forward 3 months, Oliver leaves & Bardoc announces it's being acquired:
"The execution of the Implementation Agreement follows the successful completion of a strategic review of the Bardoc Gold Project initiated by Bardoc in September 2021."
Oliver came in and accomplished exactly what Bardoc was aiming for and within an incredible timeframe.
Now let's take a quick look at Oliver's job prior to Bardoc according to his LinkedIn:
Senior Manager Business Planning @ Newmont
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6 months later:
"Newmont will acquire all of the outstanding common shares of Goldcorp in a stock-for-stock transaction valued at $10 billion...The agreement will combine 2 industry leaders into Newmont Goldcorp, to create an unmatched portfolio" newmont.com/investors/news…
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I am not saying Oliver facilitated the deal btwn Newmont & Goldcorp, but as a Senior Manager in Business Planning - he had to have been involved to some degree.
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3 months after the acquisition they announced a JV:
"The JV is an historic accord between the 2 gold mining companies, which have operated independently in NV for decades, but have previously been unable to agree terms for cooperation." newmont.com/investors/news…
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During the remainder of his time w/Newmont, Oliver witnessed:
-Multiple Projects achieve commercial production
-Newmont's repurchase of up to $1 Billion in stock
-Strategic Partnerships
-Strong commitment to ESG standards
To name a few.
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Needless to say, Oliver Mortensen has been a major asset to his former employers.
I also think @88EnergyLtd was very strategic in hiring Oliver as their CFO and I look forward to seeing where he takes the company - whether it's 6 months from now, 2 years or 5 years.
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One last thought...
For those who remember, When Ashley Gilbert moved up to Managing Director, they hired Derrick Wan as CFO on a contract basis.
This makes me wonder if they knew back then they wanted to hire Oliver, but since he was tied up w/Bardoc they had to wait...
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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."
$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.”
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…
“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.”
“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”
“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
"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. "
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“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"
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
$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."