88E 33.3% 0.2¢ 88 energy limited

Morning all, While not the "IT'S IN THE BAG" announcement, seems...

  1. 9,059 Posts.
    lightbulb Created with Sketch. 1064
    Morning all,

    While not the "IT'S IN THE BAG" announcement, seems to me it's as good as.

    Highlights
    • Farminee internal approvals complete, including Board sign-off

    Board have signed off so it's approved by the technical and finance guys/gals

    • Farm-out deal now subject to:
    o execution of closing documents

    Lawyers! Can't help that but sounds like paper shuffling

    o standard conditions precedent, mainly related to transfer of working interests

    Standard conditions set by the DoG, BLM and SoA

    • Well planning and permitting required for 2020 drilling now ramping up.

    Confirms that at least one well will be drilled this coming season

    Looks like we may soon be filling those beer glasses from half empty to half full.

    giphy (1).gif

    Hope my wife doesn't turn around before I finish this beer.


    Happy hump day all.

    Cheers
    Last edited by spinefx: 26/06/19
 
watchlist Created with Sketch. Add 88E (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.