88E 50.0% 0.1¢ 88 energy limited

Alaska Operations Update - Winx-1 Well, page-134

  1. 581 Posts.
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    This extract from the 20 December Operations update is reasonably clear to me that potential partners are ready to bid. I see the reason for the extension from this extract as being - 'yep we have some great parties ready to cut a deal with us but lets give these other companies the extra time they asked for' and I suspect these other companies might be the big mothers. 

    Note also that the word 'requests' is plural not singular

    Project Icewine - Conventional
    The level of interest and the quality of parties in the Project Icewine Conventional farm-outdataroom remains highly encouraging. 88 Energy decided to honour requests for an extension tothe year-end deadline in order to maximise the number of bid ready parties, whilst also remainingwithin the logistical schedule required for the drilling of multiple wells in the 2020 operating season.Consequently, the Company is now targeting close of a deal in 1Q 2019.

    But always DYOR







 
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