Katie Profile picture
Feb 8 17 tweets 6 min read
$eeenf

On 1/17/22 @88EnergyLtd presented us with their Quarterly Report. Out of 12 pages ONE sentence highlighted a new KEY player to the team:

"During the quarter, Mr. Oliver Mortensen joined 88 Energy in the role of Chief Financial Officer (CFO)."

clients3.weblink.com.au/pdf/88E/024766…
$eeenf

Let's start w/his LinkedIn:

"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.

otcmarkets.com/otcapi/company…
$eeenf
Moving along...

Oliver's most recent employment (prior to 88) according to his LinkedIn page: CFO of Bardoc Gold
$eeenf
Now THIS is how you announce to your shareholders the new CFO:

"BARDOC MAKES KEY FINANCE APPOINTMENT AS IT CLOSES-IN ON FEASIBILITY STUDY & PROJECT FINANCING"

bardocgold.com/sites/default/…
$eeenf

"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."
$eeenf

"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
$eeenf

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"

bardocgold.com/sites/default/…
$eeenf
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."

bardocgold.com/sites/default/…
$eeenf

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
$eeenf
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…
$eeenf

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.
$eeenf
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…
$eeenf

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.
$eeenf

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.
$eeenf
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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More from @Thoughts_NJ

Apr 27, 2021
$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.”
$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
Apr 25, 2021
$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”
Read 6 tweets
Apr 25, 2021
$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
Apr 22, 2021
$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
Apr 22, 2021
$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
Apr 19, 2021
$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

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