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@Laverda, well please don't worry. It wouldn't be the first time I've been too tactless or blunt or similar and probably won't be the last. Really struggling with sleep lately which I think doesn't help my comms skills! Anyway, it's good to talk as the BT advert used to say. I find this board is one of the better ones for quality discussion, which is nice. Some of the other boards are infested with day trading rampers.
15:35 since November we have seen 10.8 B* shares change hands across the three main markets, with heaviest trading being in the SH, so as every Sell pretty well means a Buy, there is interest.
* AIM netted.
Cheers Ricardo, possibly it should be me apologising to you.
A troll on another share was a pain before I posted and I may have overreacted.
Sorry, my last post was for Laverda.
Well that's good to know. But I am a little confused as I didn't see a (bad) reaction from others, only you. I may have missed something.
I agree that meaning doesn't always work well in type and I try to take care because of it. I do have a dry sense of humour though which can get me in trouble. Your comments worried me a little and I took them seriously so I reviewed my post history. I'm not really seeing much in the way of confrontation apart from with the rampy muppets on the HUR board. But trust me on this, they deserve it! :-)
Anyway, I've been here since the pre-4p days and it's been quite a rollercoaster. Mostly dips. I hope we all do well from here on in! GL.
Seems the imminent drill has not really made players rush to invest here .....maybe past failures make heady investors nervous we all know if they hit the target it will rise fast and far but how far no one knows if it fails it will fall fast how far no one can say but not that long to wait do hope for a good news release then I can benifit sell and move on out of oily Oiler’s
Ricardo - you did not upset me, but thank you for your concern, I will take it at face value.
I was referring to your post, the reaction from others is down to your approach.
Heated debates are better in pubs or coffee shops if they were open.
They don't communicate as well in type.
Plus the long waits between any shares progression test the most patient shareholder.
Although imagine how long DW and crew have been planning this play.
Ahhh Laverda, let me apologise for upsetting you. I am sorry. My posts are not intended to be confrontational, just argumentative. I do love a good debate (albeit only when I'm winning - which happen sometimes). I only personally attack those who deserve it, like rampers and shorters. You know, those who prey on others. I don't think I attacked anyone in this thread - I certainly didn't attack the OP, I only attacked their statements. On a BB I think that's ok? I don't feel like anyone attacked me either?
I am sure the farm in partners are aware of the risks Brom. I am also sure they understand you don’t buy fields with 37% COS of realising NET 800 MMBO for ~$13M dollars. If it was that easy Great Bear/Pantheon, 88e would be swimming in oil now. The reality is XCD valued their play at~ 20 % of 88e portfolio, which I guess means that 88e are sitting on 8000 MMBO, wowser.
That 37% as I understand it is cumulative for the 3 sands and also only represents the Geological COS. As I say good luck to everyone, will be the first to congratulate you guys if it comes in.
I agree Brom. Interesting when people are talking about it killing time between events but it is just chat.
If 88e released incorrect information that could be picked apart by outsiders there are enough oil journalists with real industry experience to spot those errors.
Furthermore it is the information not published which is also important, as that often is a double check on published data to test information and results, all things unseen in the final article.
I have no doubt we have a few posters with decent knowledge, however do they have access to all the data and in particular that enhanced and reprocessed seismic data? I am fairly sure not! :-)
Like everything read between above and below the lines and extract what you can to enhance your own understanding as far as you can.
10:07 it is complex stuff with the addition of Alaska not factored into mainstream calculations available on the web.
I am in an industry which analayses data on a regular basis and my last role was responsible for the information presenting it to a committee within a company. Without direct access to information and the equipment it is virtually impossible to replicate this outside of the role, skilled or not. To have personal direct access would cost hundreds of thousands. Impossible for individuals. I see this in the same way.
08:57
Has anyone told our FO partners :-)
On subject of cos we have a best cos of 37% - but what does that mean ?
Do we actually know the scores on the doors for each composite (factor) of the whole
What is the best cos that could realistically be expected for a "wildcat" drill whose projection is based on reprocessed 2D data, known geology and correlation to "nearby discoveries" .
https://wiki.aapg.org/Risk:_expected_value_and_chance_of_success
Just playing with the maths X X X X gives some understanding.
Has anyone ever seen an officially released cos exceeding 65% for a similar exploratory drill?
08:57 Last paragraph says all :-)
I made my decision :-)
Rabito, really a serious investor is going to listen to an anonymous keyboard warrior above the professionals hired in the industry to do the job? Paid by exploration companies and carrying due diligence from them and the financial backers in oil which has been developing for decades in a major established industry. Really?
It is very safe ground for anyone on any AIM share to say it will fail, probability is on their side. Which is why AIM attracts more than their fair share.
It also of course depends what is considered negative. I have been told I am negative for using the BEST resource estimates for calculating possible values and for assuming NPVs for the project may be worse than Pikka given it’s more remote location and likely smaller resource size. Indeed some people believe that Biden’s impact on federal leasing going forward is brilliant news.
On a positive note and to Villa01’s original point. 88e do have more to fall back on if they drill fails, which let’s face it by third party estimates is more likely than not (please note I hope it is successful for all holders). XCD valued Peregrine at ~20% of 88e’s other assets. Obviously if it fails it will likely drop more than 20%, but it does suggest there is value elsewhere be it Charlie 1, Central/Eastern leases or Yukon. Obviously we could find out shortly if the Central leases offer more value than the market is factoring in. GLA
Ricardo - your posts are all confrontational, we can read your history.
We get all sorts on here, kids, people who are lonely after a drink, hyper minded types who think a calculation will solve all industrial futures, nasty trolls and nutters.
If 99% of your posts attack people then it is no surprise that people get fed up and attack you.
Investors have common traits as do genuine people trying to learn. The rest stick out like a sore thumb and most people just filter them out . To be honest investors aren't interested in what those types have to say.
> but do wonder why some posters load negative comments? Why bother reading or posting when you have no interest?
Er, false equivalence alert! WHOOP WHOOP! One can be negative AND have an interest.
E.g. I am LTH in another stock that I am very negative on. I maintain a watch because one never knows when that might change, or I might use the info I glean to minimise my loss when I sell. I also like jumping on rampy morons.
Anyway, I'm positive and hopeful on 88e. What more can we do at this stage but hope the drill goes well?
Villa01 welcome to chat, Been a nice day for shareholders more tomorrow I hope,It’s over to oz now and see if they keep momentum going. Good luck all old and new holders
Rabito, the ultimate put down, lol!!
You are correct Jiddy that is what I am attempt to do. Given you are the only one who I usually bite back on I am putting you on filter just like DW did.
csw12, I see Jiddy has called for some chat that adds value.
Perhaps someone can kick it off with a breakdown for the 37% Chance of Success calculation.
But don't forget, you got to be in it to win it ;)
That went well for my first post!
For the record the post was not directional.
Keep me out of it, lads.
Juddy it's clear that guzzler is a terminally depressed wind-up merchant. Best not to bite