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[posting]52424253[/posting] Personally for me it was a great experience to attend the AGM today and get to meet our BoD. I would like to congratulate the Board on the achievements of the last year, particularly in the very low POO environment, and with all resolutions passed, we have now given them our approval to carry on and implement the plan that will progress 88E to the pivot point of being a very very successful exploration company. What really impressed me is the knowledge that DW has for this business. What further impressed me is the extent and detail of his knowledge of other players in Alaska, he seems to know just as much about every other company in Alaska as he does ours and it is a no nonsense knowledge. No rose coloured glasses. No smoke up your *ss. Just how it is. He is straight up with the risks we have ticked off already and the risks we still have to finalise. All very open and upfront to the point of what he could disclose. And there were some things he would not elaborate on as he advised they were our IP. Having serious skin in the business, he was very focussed on delivering an outcome that will most benefit shareholders. It was apparent he has multiple angles he is constantly working in order to build shareholder value and I am very comfortable with his approach. It all comes down to monetising the asset at the right time in its development that provides the best return to shareholders is the message I got. So for me, the story remains strong. Break Even modelling to be announced soon, and you can make your own judgement from then what the differing POO environment might mean to our value. Seismic results in a few months with what would seem as strong potential for conventional plays (50' conventional intersected in Ice1, though DW was not overly excited by it). Flow rates from Ice2H by May2017. Income from oil produced during flow testing by possibly selling to BP or the like. If flow tests perform as modelled, full field development could produce 200,000 to 250,000 BOPD. Alaska Gov't very keen to get this oil into the TAPS to maintain flow rates and have low interest infrastructure loans to help facilitate such field developments. Finally a special note to my fellow HC comrades sharing a few coldies at Black Toms afterwards, it was a pleasure to make your acquaintance, I enjoyed sharing our knowledge of all things 88E and who knows, maybe we will do a road trip along the Dalton Hwy sooner rather than never. |
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| aus der Diskussion: | 88 Energy Einer der interessantesten Aktien übehaupt! |
| Autor (Datum des Eintrages): | Di2 (31.05.16 16:25:47) |
| Beitrag: | 8 von 1,844 (ID:52510334) |
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