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Must say Im very apprehensive re the visit by DW out of the blue
Last official communication with shareholders tells us we’re funded for the drill. No cash raise until after the drill.
Funds raised pursuant to the Placement, together with the Company's existing cash reserves, will be used to fund the ongoing evaluation of the conventional and unconventional prospectivity of the Company's existing assets, including any potential costs in respect of the Charlie-1 well, which is due to be drilled in Q1 CY2020, and to enable it to identify and exploit new opportunities on the North Slope of Alaska.
19:45 well it's not altruism that is for sure, my chartist son tells me tonight that in his estimation 88E is on the up after a long time in the doldrums, happy days I hope.
Some are talking about placing after presentation, I beleive it’s utter rubbish. Even in last year, 88E did presentation to promote WINX drill, similarly this time again DW is giving presenting to promote Charlie-1 well. It’s pure marketing plan, as told to me by Dave wall via email that they will do PR time by time. Timing of presentation also suggests that PMO farm out deal will be completed by that time, that’s why Dave wall is coming to London by end of Nov to sign off the deal to complete farm out deal, and by taking advantage of trip to London, presentation is planned to meet to investors potentially ii....
Jiddy
I agree but I recon 3.5p/4p at Spud. I'll be happy with that.
16:15 yes hope all goes well.
And good luck also. 100% it will increase in the lead up. Would be great to have a positive result..... After all these yeats
My tether is also reaching the end of it's shelf life Wozzy!
We have a credible partner, and we hopefully have a plethora of black gold. The SP should appreciate significantly before the drill in Feb 2020. I will probably sell some at 4-5p, and let the rest ride on a free carry.
Good luck mate!
I just checked my war chest. Noooo weapons, far out, OK its all good I will just throw one of my kids at him to thwart his exit.
Jiddy, you do a good job here and always respect your comments. You sometimes question my commitment and that is fair enough given some of my comments although I have only accumulated and never sold apart from dumping a few to buy a camper trailer in 2015. Been a long time bud, getting to the end of my tether I must admit that, and for me I have alot of cash tied up here. Will see what happens and looking forward to Feb drill. Best chances of success in the history of 88e I feel. Will be a let down with cap raise if it happens at meet up. Will be dissapointed if that is the case. I will email him direct and stop him at the airport using forceful measures if he confirms.
So do I Wozzy!
We all want to clean up here, although I thought that the time frame would be smaller.
I am in for another two years maximum. Here's to a very attractive BO, after the HRZ is proved up and drilled.
Bad share trader I know!!!
Hi Jiddy, I purchased 2.5mil equiv to 2.8p on OZ platform. Hope we get back there soon.
3M @ 0.82p
Understand Brom and respect your comment. I simply don't know. I feel there needs to be more focus and once a director is representing multiple companies there seems to be a diluted flattened and flippant sketchy approach and firm focus. I know this because I do exactly that. It will play out as it will. If the bald man comes to London and cap raises once again... DONE for me.
My view is that Erik has always had other interests, as long as he gets the drill done on time and to budget and is able to make good use of his network of contacts both industry & DOG I have no real concerns, think Charlie-1 will be getting good focus.
I think it's safe to say Erik can be written off. Not a great look. You cannot be representing so many north slope businesses all at once with the one goal of all achieving the same thing (success). Captilising human nature I guess.
Yep formerly Entek. Don't need anymore heartache so have left them alone. A long road for them I think, maybe similar to our road with straight stretches, bit like the Nullabour in OZ, seemingly never ends.
XCD are West of us on the National Petroleum Reserve which is Federal Land.
https://xcdenergy.com/
Brom good find posted earlier 're Erik' s additional role with XCD, are they operating by 88e on north slope?
Another cash raise it is then. Mate's rates? LOL
today's drop appears to have given encouragement to some to buy in or increase holdings, perhaps a the drop was predetermined in any case, see post from JumpingJack earlier today ~07:30 hours.
No worries guzzler
Fill your boots there mate then let be know how you go
I can assure you I'm no fan boy.
I've received an invitation though.
If they wanted me there
Would-be invited - have shares through 2 holdings
Not surprisingly in slightest