HRZ Shale Decision Tree, page-66

Hi Jackkkk,

Thanks for that. I must admit that I have spent very little time on this site, or looking into 88E's business drivers - so if proving up and flogging off is their business model, those issues are not for them to concern themselves with. I stumbled upon 88E and their write-up on this site when reading some non-related news on last winter's conventional exploration efforts in AK by the "big boys" (in case you hadn't guessed I spent many years working the oil patch in that part of the world)

I would however be a bit cautious in believing one of the big boys would see any unconventional success as a reason to pay a decent per barrel price for such leases, for the same reasons I stipulated yesterday. Having also said that, for a company trading at 2 cents or so, it could easily jump three or four fold if they can prove up a billion barrels recoverable and someone wants to pay them a very generous 50 cents each given they are a pre-appraisal resource, in the middle of nowhere.

I too hope it works for them, for the record. The industry used to be full of true explorationists and mavericks, but those are becoming a bit thin on the ground these days. One of those, J Musselman, is still around and is proving up bookable barrels of conventional crude in, of all places, AK. Should look him up. An real oiler, through-and-through.

All the best to everyone,
JR