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EXCLUSIVE: Alastair Smith, Avacta Group CEO gives an Operational Update


88 Energy Share Chat (88E)



Share Price: 1.125Bid: 1.10Ask: 1.15Change: -0.025 (-2.17%)Faller - 88 Energy
Spread: 0.05Spread as %: 4.55%Open: 1.15High: 1.15Low: 1.10Yesterday’s Close: 1.15


Share Discussion for 88 Energy


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Brombarb
Posts: 17,520
Opinion:No Opinion
Price:1.125
North slope News
Today 19:40
 
Burma75
Posts: 61
Opinion:Strong Buy
Price:1.125
RE: Oh Well
Today 19:32
That was my bed and ISA, everything safely tucked in the ISA now!
rossowheels
Posts: 1,283
Opinion:No Opinion
Price:1.125
USA IS LARGEST OIL PRODUCER
Today 18:16
happy_hatter
Posts: 1,879
Premium Chat Member
Opinion:No Opinion
Price:1.125
RE: ASX & Chi-X (AUD)
Today 18:15
Nice post Phrontist 12:40

Value will be realised here by the market very soon.
happy_hatter
Posts: 1,879
Premium Chat Member
Opinion:No Opinion
Price:1.125
RE: Oh Well
Today 18:14
Correct Brombarb. Bed & Isa / Rollover
Chartman99
Posts: 215
Opinion:No Opinion
Price:1.125
RE: Galp
Today 17:50
Blast from the past is GALP, usually followed by the old MOIC spanner in the works routine!!!
Brombarb
Posts: 17,520
Opinion:No Opinion
Price:1.125
RE: Oh Well
Today 17:34
Trades at 15:13 bed and isa?
Brombarb
Posts: 17,520
Opinion:No Opinion
Price:1.125
RE: Oh Well
Today 17:32
BB only 7m trades, big sells? :-)
WAaussie
Posts: 2,574
Opinion:No Opinion
Price:1.125
RE: Galp
Today 17:02
Tried to call DW 12 times in the last month to say 'hey mate, let's have a beer or 10. ' very private person. Eeerr Davie. Us shareholders will sort you out...
WAaussie
Posts: 2,574
Opinion:No Opinion
Price:1.125
RE: Galp
Today 16:53
Far out, subjected to Spice Girls for the last song. Doesn't get much better from here on in I imagine.. If DW doesn't deliver this will be the punishment for him and the rest!
BeverleyBeaver
Posts: 1,068
Opinion:No Opinion
Price:1.125
Oh Well
Today 16:50
Looks like another cr*p day, lots of big sells going through..sigh..
Brombarb
Posts: 17,520
Opinion:No Opinion
Price:1.125
RE: Galp
Today 15:12
US $3.4M or company stock, will it happen err! No one knows for sure, we are all aware and it is detailed in accounts so nothing hidden.
It’s a fact but hardly going to be critical.
Just another nail in the coffin for those who exhibit most discontent.
Reaper007
Posts: 626
Opinion:Strong Buy
Price:1.125
RE: Galp
Today 15:11
13.42 - they cannot invoice imo; evidence is in the nature of the drill. Very clear for those of us who 'went through it'. DYOR. VGLA
mikemike
Posts: 7,554
Opinion:No Opinion
Price:1.125
RE: Galp
Today 15:10
so small numbers let us make sure we get this right.

1/ You do not believe a word the md says

2/ You will not seek confirmation from GALP

No point in raising the issue so why raise it when you are not prepared to do anything about it.

You are a funny guy but not in a smiley sort of way
128064
Posts: 174
Opinion:No Opinion
Price:1.125
RE: Galp
Today 15:04
You’re a funny guy mike😀
mikemike
Posts: 7,554
Opinion:No Opinion
Price:1.125
RE: Galp
Today 15:02
stop, promoting another stock

answer the question when are you going to write to Galp and ask then to invoice, like you did when you posted as rich T
128064
Posts: 174
Opinion:No Opinion
Price:1.125
RE: Galp
Today 14:56
Mike, again your making little sense. Why don’t you stick to Ramping Kibo, the price looks like it needs some help this week. Regards
mikemike
Posts: 7,554
Opinion:No Opinion
Price:1.125
RE: Galp
Today 14:53
Small numbers you are rich t just you forgot,

you raise the same issues and in the same way

So when are you going to follow your Rich t path and write to Galp asking why they have not invoiced. That way you do not have to rely on DW you were pointed in the direction of wiki but have decided as it is the words of the MD you will not bother.
128064
Posts: 174
Opinion:No Opinion
Price:1.125
RE: Galp
Today 14:49
Your posts make little sense Michael , don’t know who he/she is but sure played big part in your life going by your posts, regards
mikemike
Posts: 7,554
Opinion:No Opinion
Price:1.125
RE: Galp
Today 14:46
Dw far more honest than Rich T

Why not ask galp again why they have not invoiced.
LeMajor
Posts: 3,284
Opinion:No Opinion
Price:1.125
RE: Galp
Today 14:27
Not THAT old chestnut. Galp has been discussed ad nauseam.
DW said it is not an issue, some years ago - and we are now 3 year further along. I think the organisation has disbanded in any case so the beneficiaries are no longer in place. Although I cannot remember exact numbers, I believe we already surpassed the target MCAP somewhere around 4p (though it needed a dollar equivalent) a couple of years back - so we probably had to be above the target level for a sustained period. Although the MCAP has fallen since then, I suspect the deal has "timed-out" by now. I did wonder whether the formation on Accumulate Energy was to mitigate against the GALP deal, but it's academic by now - besides by the time we get beyond 4p next time, the penalty (whenever it may be due) will only amount to petty cash, if there is any liability at all.
jiddy123
Posts: 6,900
Opinion:No Opinion
Price:1.125
RE: Interims
Today 14:18
mikemike
Posts: 7,554
Opinion:No Opinion
Price:1.125
RE: Interims
Today 14:13
These liability is the GALP payment which will be transferred back to cash asset once this time line is ended and GALP have not invoiced for it. The full details are on WIKI. The MCAP is already above the minimum figure to trigger a claim and has been since since mid 2016.

DW covered this in Q & A at the Melbourne meeting also in wiki. I did ask about this figure after the Q2 report was issued and received the answer, ''almost forgotten about'' In effect suggest that if Galp had a valid claim they would have invoiced. That they have not is pretty much that they do not have a valid claim as they did not meet performance requirements at the time of the last TPET drill.

88e made provision on the balance sheet about 2 years ago when the MCAP hit the trigger figure.

Suggest anyone wants to know more about a non event they e mail dwall@88energy.com

I remember Rich t going on and on about this as well, until he was banned again and again and now it pops up again out of the blue as though it is a latest big news story.
128064
Posts: 174
Opinion:No Opinion
Price:1.125
RE: Galp
Today 13:42
Brom, I’ve searched old Tangiers petroleum RNSs and couldn’t find the answer, in seems to have arisen just after they changed name to 88e, I’m assuming Mcap would have to be substantial or it would have kicked in already?
Brombarb
Posts: 17,520
Opinion:No Opinion
Price:1.125
Galp
Today 13:39
probably best place to research is ASX Announcements.

tit for tat, bickering only puts readers off reading or contributing to the board.

https://www.asx.com.au/asx/statistics/announcements.do




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