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I agree, no need to rag it Jiddy, your me favourite 88 mate buddy. Things will hopefully come good. Have to choose an exit sometimes because as Forrest says it's a box of chocolates and if left too long they may melt. Chin up fella.
21.09 - i don’t mind anyone talking their own book but Jiddy, come on...you have always been the biggest defender of the company, especially aggressive to derampers and now coining phrases of the worst of them....what happened to you man. If you still have isa and pension exposure then comments like this are also self defeating. Cheer up
Rod, that's right. I'm going to take the SP down to 0.03 before I buy back in. In the meantime I shall pop to Iran, have a little chat with the person in charge and stop their weapons build up. The following day, a nice little sorte to Israel. Shall invite the Palestinians and crack the peace process. Once signed and sealed, off to Australia to find Lord Lucan...
So if the idea is now going to be raise some money and go again next year. Do we think Ashley Gilbert is the man that they have put in place for that job. Do we think Eric (elko) is going to sit back and see what happens to his 366 million shares next winter. Another few hundred million and he’ll own 5%, if he hasn’t gobbled more up already.
17:19 thanks for your reply, its your money your choice as ever and I can understand your view about that starting date, had operations commenced a couple of weeks earlier then we would have had that permit before "biden" , then no delay, potentially no extra cost and perhaps time for the side track, but of course we do not know all the facts and probably never will. Best of luck as ever.
You are right Brom. I am frustrated, having come in on the 'Great HRZ discovery' and waiting for the billions of barrels to come pouring forth and the 'hundred bagger' spoken about by DW at the first Globe meet-up. Missing opportunities at ~ 4p,........twice (shame on me, but they were only 3 baggers, not the 100) !! I see nothing wrong with being frustrated, but I just can't get the logic of paying 10's of millions for a drill, allegedly getting all the way to the 'slugging' of liquids, then running away because of a 'series of unfortunate events'. Why do we leave it so late in the season so we have no time to fix the co*k ups ? Bad planning in my book, and damn frustrating.
So yes, I have eventually become tainted. However, my predictions look like they may well come true based on the trend this week, and I see nothing wrong with pulling back, waiting till this dwindle hits bottom, and coming back in with double the number of shares for the same cost. That's for me to decide, and based on 7 years of watching and cursing the rinse repeat cycle. A year to wait with no drilling, no flow tests, maybe some lab results telling us we just capped off yet another 'potential' reservoir, (but volumes and flow rates need to be tested), CR dilution, another billion shares issued.... sigh............
Don't worry, I'll be back.... . I still have hope. We are still on the slope as you say and we have to hit something sooner or later. We are getting closer. We just need to plan better and not abort potential successes so quickly. I'm just venting. I'll keep an eye on this and pop back when the time is right.
16.23 - Some may say big oil applied pressure so they could get some basic ground work paid for and then hoover up the best scores super cheap...Glad 88e and Pantheon have stuck to it....its a bit of a middle finger to big oil...if you want it you can either do the work and take on the risk from the outset or pay a fair price for it...
15:59 you seem to be " tainted through frustration at not taking opportunities through pointless hope and greed)", unfortunately. Just remember GBP(+PANR ) have been going at this for 10 plus years and are not yet in production, I listened very early on to eegbvi & SP_Oiler and the read of exploits of other junior explorers on the North Slope and recognised that success may not come easy as some imagine and would definitely not come FREE, drills and seismic cost big money and what the Alaska state did to us, GBP and other explorers was and remains inexcusable, that we are still on the Slope and battling away has to be a small positive at the least. All the best.
donotpanic, you're obviously new here. Don't you know good news sends our SP down :-) !! Plus, it won't be anything we don't know. Once again we have a sample from a capped off, unproven reservoir. Useless and of no value unless we get a hole in and PROVE there's commercial amounts and flow rates. We had lovely beakers of super sweet crude from IW too, don't forget, and where did that get us. Drill, log, hype, cap, leave , raise more cash & repeat. Its our business model, for goodness sake. Down 24% from Monday high. Sub 1p, here we f**ing come again..... mark my words...
That is the problem Ecuagold. They have spent millions and several drills, with massive share issuance and we still have not hit any major oil play. Still will take funding and each time 88 get less on any farm out deal. could well work out but cant see anything major to move the sp for some time out. Thats why I have called it a day.
People recently had the opportunity to make lots of money. SP shot over 4p. A lot of people took advantage and are quids in Anybody who held hoping for a big find should realita wildcat drill never hits the spot. It will take multiple drills to size up the amount of oil that is there, all of which cost millions.