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Sharebel
Just rubbish from the resident pumper. The Sophs are more than happy with small margins, its their model, they play several a week, its not like 88e is the only game in town for them.
You can be sure any that got trapped in the previous raises are not happy
OldDuffer then your analysis means you have marked them out as complete idiots not sophisticated investors ah they’re selling what exactly large amounts of shares they held now but when the price reached 44 few weeks ago they didn’t sell, and continued still to pass up weeks of opportunity to more than double their profits in 30’s eg 100k extra on that 89k sell today but choose to make a few pennies worth from their existing holdings now at 12 month ATLs? Thing is that’s not even true is it they would be making a huge loss! As when do you assert then did they buy these large tranches of cheap stock? At what price do you mean exactly as the 0.16 is far below last raise at 0.23 and SP is only now at this level currently an ATL over past 12 months so they couldn’t have bought them all in these vast amounts on the open market so where did they come from -utter rubbish listen to yourself. You’re in knots now. They knew weeks ago. Sold and gone. Keep piping your fake narrative and spending all your time on here. You are an Oz puppet of the Oz fund naked shorters. You’ve gone too far and you stick out like a beacon lol! IMHO DYOR
Seems a shame that there are currently exactly zero posts on the PANR message board this morning. Some of you seem to have got lost!
Obviously I am not a sophisticated investor.
And once again spread is wafer thin how bizarre! I can sell both large holdings but cannot buy them it’s off into NT obviously! Currently most anyone can buy live quote is max 6.6k not alot is it then NT! Smoke and mirrors play. IMHO DYOR
24 April 2024
88 Energy Limited
SUCCESSFUL PLACEMENT TO RAISE A$9.9M
Highlights
· Completion of oversubscribed share placement to raise A$9.9 million (before costs) to domestic and international institutional and sophisticated investors at an issue price of A$0.003 per share (£0.0016 per share).
Sharebel
It is as simple as pie, some investor are selling and moving on
The sophs who already held shares, know they have an allocation coming, and are selling their current holdings, for whatever they can get above the issue price of .0016p. Then pocketing the difference well in advance of the rest of the herd of SOPHs arriving next week
26-Apr-24 09:05:25 0.1637 51,250,123 Unknown* 0.16 0.165 83.90k
And another example! Where o where did thou get these from Mr Market Makers? Pray do tell! Unbelievable but hey they aren’t hitting the market until next week? So where did they come from? Perhaps Scrotum126 or OldDuffer could write their thesis on this? This can’t be a genuine short at this level to be dropped in just above placing price there’s no point at this juncture. Naked shorting? Are they trying it on to cover? No genuine holders would follow suit to sell now in any worthwhile volume that’s for sure. Hey MM we see you and it’s all noted. All the while MM happy to allow me to sell them my two large tranches all in one go! Company sit idly by and do nothing when massive trades being made pre submission to the market of the actual placing stock next week and you naive folk think forward selling isn’t/ hasn’t happened. I would be mindul of that next week when the charade is played out of the placing shares entering when reality is they have been and gone now over past weeks. Don’t let the shorts left off by following that fake narrative - I would be buying up all I can now and next week! IMHO DYOR
09:15
That's because they want us to invest in PANR. Some here are falling into their trap.
Newslash, people talking more about PANR on the 88E message board, litterally couldn't care less about their ups and recently downs :-)
Gemstar 07:09
You are getting worse
After the $120m is spent, PANR will be in production, with its own hot tap connection into the TAPs pipeline, it own oil and NGL processing plant, running 3 production wells.
Based on the latest SMDB flow results, and SLB modelling, generating sufficient free cash to self fund up to the 200,000 barrels a day of production, the full fields development is targeting
Go and research all the steps and detail for yourself, but answer this, what value do you think investing the money will have on the share price. Remember the target is market recognition of $5 to $10 per barrel
It is not in the potential dead end stage of exploration, they have found it, flowed it and assessed it as commercial, so now brining it into production
PS In case you are unaware the CB loan can be paid in shares or cash at PANRs discretion, so paying in shares is no drama against the rising share value
Does anyone know when this is ?
88e should go into fruit exploration, the all seem to find plenty of JAM,
Rinse & Repeat just like my craic
Another excellent analysis by Scot
Once Hobbo has managed to raise The $120m + $30m to pay off PANRs death spiral finance, Panr will be an excellent investment
Both Panr and 88e are textbook examples of stockbroker advise not to go near O&G plays unless there is at least $50m clear cash on the balance sheet
He so far past biring :-)
23:47
Scot, still doing the same thing - you are getting boring comparing 88E and PANR. How many more times?
If the company is so bad why all the war and peace posts
Just move on ……. 😝
Ausnsw.
Yes I knew that, courageous men that laid down their lives, for a greater cause, in the ultimate act of self sacrifice.
A time for reflection for sure, selfless acts deserve our respect
older . in australia yesterday was anzac day . a day of refection past and present serving our country and you are on here talking **** . you need a reality check .
2347
Get a load of this guy ‘ Regular readers will be aware I have been more generous to 88E in calculating its number of recoverable barrels’
Do you think this is your personal blog and we are your avid readers? Sheesh, the front of some people.
I suspect most people on here only get to regularly read a green square whenever you update your ‘blog’ Scott.
I thought I would dip back in to see what i have been missing. Not a lot by the looks of things just more diatribe and dick swinging.
For the record, I think both 88E and PANR are both undervalued
Why are you obsessed with comparing PANR with 88e?
They are different companies with different strategies and different investors.
If someone wants to invest in Pantheon, they will. If someone wants to invest in 88 Energy, they will. Some might choose to invest in both.
It’s not a competition.
By the way, you are the only person I hear (constantly) referring to downdip, lower classification. The classification is determined by the oil that comes out of the ground…which in this case is very light crude, not “lower classification”.
Time to update the comparative valuation for an 88E barrel in the ground v's a PANR barrel in the ground, taking into account the new SOI for 88E (fundraise shares plus shares issued to Namibian partner).
Assumptions:
cable = 1.25
PANR CB = US$27m
PANR closing price = 33.6p
88E closing price = 0.165p
88E new total SOI = 28.9bn
88E CoS for SFS = 50%
88E CoS for SMD = 81%
SoTP for 88E: Leonis £1m; Namibia (updated cost of acquisition) £3.136m; Longhorn £6.3m
A downdip, lower classification 88E recoverable barrel in the ground is valued by the market today at 14.5p.
An updip, higher classification PANR recoverable barrel in the ground is valued by the market today at 14.0p.
Frankly, this is a bewildering outcome. *If* you earnestly believe 88E is fairly valued today, or even undervalued, then mathematical logic suggests you should consider PANR is vastly undervalued. This is not only due to the 0.5p disparity in implied value per recoverable barrel in the ground. The market *must* also, whether in the short, medium or long term, recognise the value of PANR's higher classification of barrels, ie. the percentage of contingent barrels and, crucially, the labelling of PANR's two oilfields as commercial by PANR management *and by Schlumberger*.
Regular readers will be aware I have been more generous to 88E in calculating its number of recoverable barrels than others would have done. Reviewing the disappointing flow test data, I will now recalculate the value per barrel in the ground for 88E except this time I will reduce the CoS below that of 88E's management's pre-flow test guidance.
SFS pre-flow test CoS guidance = 50% scot126's post flow test CoS = 35%
SMD pre-flow test CoS guidance = 81% scot126's post flow test CoS = 40%
Revised value per 88E barrel using *downgraded* CoS for SFS (from 50% to 35%) and SMD (from 81% to 40%) due to disappointing flow test results would see each 88E Phoenix recoverable barrel in the ground valued at 19.9p. Note that I am not using olderwiser’s Netherland Sewell “shrinkage of BFF” thesis as a readacross. Had I applied olderwiser’s analysis, an 88E barrel would be valued well in excess of 25p. I have kept the NSAI BFF P50 estimate at 102mmbo (net of W.I. but pre-royalties).
As I made crystal clear previously by using these words, the following is "not advice."
*If* you wish to retain your exposure to the shared stacked reservoirs which make up Phoenix/Ahpun/Kodiak then the market is offering you a truly bizarre (IMO) opportunity. You can sell a higher valued, downdip, lower classification 88E recoverable barrel in the ground for 14.5p and buy an updip, higher classification PANR recoverable barrel in the ground, labelled commercial by management and Schlumberger, and with much more data collected, for 14.0p.
The irrational disparity between the value of the barrels is only enlarged when incorporating the disappointing flow test data. Make of that what you will.
It is fun to win and loose everything is timed without time you can’t win and loose it’s time to make you to do things just enjoy moment human needs one moment to leave this materialistic world
Madenglish
So actively encouraging the punters to put their collective heads in the sand, block out the contrarian opinions, dont read books, only listen to the pumpers, especially the ones that were on full throttle at .004 and above
Taxi, you seem like a decent sort, don't waste your precious time apologizing to that P.O.S
Do what I did , Green Bin the lot of them and take a 7 day Highland Whisky Distillery tour. I was a bit shocked to read the same old shenanigans upon my return. Hey Ho, brighter days ahead for all of us that are actually invested.
ATB.