The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Thanks Kip.
Shaa, DW’s reply to my earlier email said a few weeks.
16:20, If a statement from DW is pivotal then you could say it's price sensitive and therefore needs to be released by ANN/RNS. Don't get me wrong I'd like a few answers and a plan ASAP but they might not be forthcoming at the AGM - to expect this rather perfunctory occasion to be a revelation will most likely lead to disappointment and another sell off from those expecting a considered response from the company when in fairness the time elapsed from the news makes that impossible.
Last cash
Raise was a bit of struggle at a discounted rate And wasn’t totally taken up with the figure Dave wanted
Which was no where near enough to carry us into another drill so not to confident we could raise up to £25 mill and to be honest to have in circulation more than 14 billion shares as it would be then would be ridiculous
As we’re now at 0.35p giving a value today at £24 million for 88e
My opinion is the only option is a big boy with deep pockets farmout partner or selling Yukon to fund us further into hrz
Lots questions today
Come on Dave tomoro your up at the agm on podcast and now I would think fighting for survival for 88 e
You do have including me a loyal band of investors not as some say followers but my nerves and patience can only take so much
Good
Luck all
Question to person(s) in industry.
A lot depends on the lab results, from your experiences how soon can these results be known?
I am asking as DW couldn’t possibly give us even an indication at the AGM, surely not that soon?
@16:38
Any deal will be similar to the PMO deal where a certain percentage of recoverable assets will be used to lure a partner. At the moment 88e with their partner BEX have 100% of all conventional and non conventional again.
Everything is speculation though until the proper results come from the lab tests and analysis.
General thought us the condensate sweet or sour gas.. How much of it at what pressure. Is there oil there also.. Is it connected to HRZ.. Lots of questions. Can the gas be passed to process by existing pipelines? It's not all over but it's not a welded on success. Cheap shares for the brave imo
But that's precisely what scares me most, 88 will perhaps need to drill by itself after such departure from PMO - let's face it, will any other driller feel like joining the club? I'd like to think yes but... - so that means megadillution at current SP levels? How are they going to collect those millions at 0.003?? I expected better resources management from the bearded lad. Cash will be needed IMO.
And at 0.003, if anyone feels like calling me deramper please think twice and don't be ridicoulous, this is Tangiers levels.
HRZ - coming this summer. What is coming exactly? I don't know probably more data.
The main reason to consider this stock IMO. I've been holding since the Brexit vote day around 1.6p
Been watching dreamers on here for years, we're almost always only one week/one update/ one things away from being gazilionaires
But the data will mean they can make a new well and do a better job. that well'l bring some data, so they can?
drill a new well.
Do some averaging - I've had lots of success short term trading rather than 'riding the waves of the rns' or whatever some of these posters claim to do.
Next is a massive placing to try and scrape together 25million to drill another well providing the gas they found is commercial. Then pray they get someone with deep pockets to farm in to the HRZ providing that is commercial. Oh and last but not least try and find someone interested in farming into a measly 90million barrels in Yukon gold which if they manage that will probably mean giving away at least 60%. So 26 million barrels left to 88 energy. In other words they are screwed!
A very good question SamColt .
This brings into focus 88 leadership , a question that has been niggling at me for some time .
I`m not wholly convinced that DW is the man to take 88e much further forward .
Definitely NO more acreage required .
I would like to see a detailed longer term opps plan hopefully in conjunction with a reliable , reputable , robust third party .
These are very difficult times , as mentioned before I would like to hear DW and Staff (of which there are few) take an immediate 40% cut in salary .
Credibility has been damaged by recent events , raising further funds will prove difficult and expensive ;
Cash must be conserved .
His statements tonight will be pivotal .
GL .
Ok, so does anyone have any idea of what's next? I'm thinking 88 is facing a proper objetive void right now and that's scary, at least to me.