88E 33.3% 0.2¢ 88 energy limited

Ann: Large Prospect to be Drilled in Alaska - 1Q 2019 (Revised), page-20

  1. 1,910 Posts.
    lightbulb Created with Sketch. 104
    Haha.. yeah.. saw all the changes.. just couldnt identify them as changes
    Haha.. well spotted guys..

    I cant believe that 88e oel and rmp could on success case, actually be 25% cost-covered by great bear with the backin clause (cos they would have to pay 40% of drill for 20% share if they decide to after the drill)..
    Thats great..

    Anyways.. as jiddy on lse keeps blurting at some trolls..
    -Oilsearch paid $400mill or so for 25% of 500mmbo.. or about net 125mmbo
    (which could triple)
    -88e is gonna pay $6mill or so for potential net 144mmbo
    (which could also increase based on the figure being Mean case not High case, and not covering non-seismicked area)
    Last edited by Meso1973: 25/06/18
 
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