Our live Investing Matters Podcast Special which took place at the Master Investor Show discussing 'How undervalued is the UK stock market?', has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Should have added to my 08.29 post that when it went from 0.3p to 1.8p then the 3-4p range the mm's had reduced the price daily, leading upto results, which fueled the idiot de-rampers with their conspiracy tales, which helped fill the mm's pockets with shares right before a 10 bag rise.
Same pattern here, so quite happy to wait and see a similar significant upswing here. 3-4p coming if commercial!
I cant believe this has been dropping like a lead balloon each day after the initial rise, but ive bottom drawered these since before the icewine days so it makes no difference to me. Maybe time to double up a second time to reduce average again as i was kicking myself the other day that i hadnt bought more earlier. So this is actually a chance to top up on the cheap, however i am in two minds about whether to put in more or just let it sit and leave it to fate.
GLA
Gulp!
09.14 Solid shift so far Oldershizer. Keep up the good work.
You'll be granted access to Scot's twitter page in no time with this work rate.
Enjoy the impending PANR share dilution it'll be doing to pay off some debt.
"produced 50 to 140bpd of combined oil and NGLs/condensate"
Would that be considered a good result here?
Big bear2
Flow testing has to go from the bottom up, it is impractical to go back down well after it has been plugged.
So the upper SFS goes first, followed by the shallower SMDB
At the up dip Talitha well, which is the closest to Hickory at 9.3 miles away, in the SMDB PANR got no established flow, as they had some form of blockage.
Considerably further North in the Alkaid 2 location, the SMDB had a successful vertical flow test, which while restricted on flow produced 50 to 140bpd of combined oil and NGLs/condensate, again well up dip, where the reservoir is less compacted by burial depth
Big bear i agree, if your in now you should be in for the results. The drop in sp now is not ideal but if you are here for the results it doesnt matter. The drop is due to all the people that dont want to take any risk so they are out before the results. If results are positive the very same people will all be piling back in. Results day will be d day and everything depends on that!
I know we are all waiting on the Flow test result but I would have preferred a release to confirm that all pre tests were successful and that the Flow test had started. The longer we wait for the result the lower this is going to drop, and leave us in doubt about the outcome.
Still hoping for a success.
Surely the SMD-B zone would be the best card simply because we know it flows at PANR, then essentially the untested shallower zone would be a free hit.
Big bear2 08:49
88e are playing their best cards first, because if they don't deliver, flow testing the poorer ones would be a waste of resources
You may recall in a previous release that 88E misinterpreted the readings from Icewine so not in fact a duster. Now using the info from Icewine west to confirm size of reservoir.
Still waiting on the bounce someone else said yesterday, but down 11% yesterday and now down 7% so please bounce soon.
Squeaky bum time, mms hammering us back down again and no leaks at all.
In some ways it would have been better if we had tested the deeper reservoir first as we know this has already fliowed at PANR..
Its not a duster if there flow testing mate, there testing if its viable to take it out the ground, i remember when hurricane were were flow testing, i was on another rig watching them flaring thinking yeha, then none commercial was gutted haha.
May be duster as Icewine. If it's duster we should stop drilling in Alaska.
Not looking good here for results if the SP is anything to go by, oh dear
If i recall there pretty good at not leaking news as the 2 previous went mental right up until the duster rns, people being more cautious this time, suppose if its a monster wont be much chance getting in at these levels.
When will the derampers give up with saying this is an exploration. Once and for all the oil is PROVEN to be there so the question is “ is it commercially viable”
Older dumber et al are trying to convince people to invest in PANR so that they can reduce their current losses. The reality is that PANR are working with 88 to deliver the best results and analysis and will continue moving forward. I have no beef with PANR and I wish them well because if they are good then we are and vice versa. We both have advantages over each other and joint collaboration will help both to succeed. So please stop dissing 88 and look towards joint success
is it not diluted to the hilt now? so 3 or 4p might not be achievable now?, risk reward here i took a small punt see what happens for ****s and giggles, hope its a monster. gla
Watched this company do a 0.3p to 1.8p and then onto a 3-4p range on previous results a few years ago. Had a million shares and thought about selling pre-results as the board was full of doom and gloom from certain posters until the day the results came out, glad I held that time.
The results seem much more significant now than back then with a good possibility of a commercial well, more shares in issue now of course, but if commercial is announced in hours/days then 3-4p would again seem a realistic target!
I might be wrong, but those that have followed this stock on this forum for a number or years might recall that Olderwiser accurately called the Icewine2 dud.
Foolish to ignore in my opinion.
Dealer have a look at the video i posted lastnight on the chart analysis, it explains why. And tells us we are still in healthy consolidation until the results. Also explains key number that need to be broken in the sp in order to move forward.
Im only replying to investors from now on or people with true interest in 88e!
Seems like the mms are keeping it within a trading range pending flow test results
2024 once we hit .35-39 we seem to retest 20s again. 🤷♂️
Should I address you as Gemstar, which do you prefer
A nice early clock in from you today Oldershizer. What shift are you on today, early, lates? We’ll have to promote you and give you the dedicated Scot126 Twitter page at this rate, your hard work has earned it.
All you have to do basically is talk up PANR and mention all good things. Never mention any PANR negatives, whether the price goes from 130p to 10p, that’s irrelevant, just always mention how it’s undervalued and that 88e is overvalued.
I think you’ll be good in this new rule.
Oh and if you wouldn’t mind working weekends on this too? Family and friends time isn’t important, just spend your days on here. You seem to manage already so I think you’ll be great in this role.
Congrats again