88E 0.00% 0.2¢ 88 energy limited

stradzz, "coupled with the 60/40 split with Burgundy on any farm...

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  1. 2,819 Posts.
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    stradzz,

    "coupled with the 60/40 split with Burgundy on any farm in deal we may get".

    Can you elaborate on this?

    My understanding of the farm-out campaign is, that the conventional prospective resource at Project Icewine was further upgraded to 2,896 MMBO mean gross prospective resource (2,211 MMBO net to 88E)

    http://clients3.weblink.com.au/clients/_88energy/headline.aspx?headlineid=6917323

    As not all the leases are held as per the original agreement with BEX, 88e's portion of the acreage under farm-out review would be 76%, or am I reading in wrong.

    Cheers
 
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