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miloh - careful don't tread on the spikes
Unless the post count has been corrected the 21000 SPIKE was passed sometime ago as following the 20k spike. Posts weren't added for several days
Bits , if you had have done , you would have been a member of an elite club, with very few members.
Rfa
Would have done if I knew what I know now
Brom reported
11:11 you have to be invested before you can vote :-))
Bits as is your right if a shareholder, did you indeed vote against DJW's salary package?
MW93
No matter what research any one did, the SP is abysmal and people are fed up with broken promises “cream the curve”
DW is certainly doing that re his fat pay packet
However hundreds have large paper losses and their backsides are squeaking a little.
Nice post Phrontist..
Hi all.. hope you guys and gals are all well..
Working in sunny Margate this week. Doing a shoot at dreamland.
Stay positive, always forwards never backwards!
Haters will always hate, even when things are Rosie.
Have a great day you great bunch!
As always, Love this company
Just FILTER the jetam and flotsam - you know it makes sense!
Well said P ,I agree 100% ,as I said many times it's a marathon not a sprint .
Hardtohandle, sorry tale?
Some of you guys should be on FT100 with business projections that have some predictability.
You are on AIM and into exploration on virgin territory.
This has been tough for me too. But due to lack of my own experience.
True to suggest that DW's business experience was counterbalance for PB's technical experience. Then PB died following operation.
DW has had to build backroom technical team with MM. Take over PB's work and continue development.
Charlie-1 is an outstanding opportunity to raise oil and discover commercial opportunity.
The fail fast comment is a sound bite not a business strategy. Much of what we do is seasonal. Much is sequential eg geological surveys and studies, field Seismic 3D, build digital database, analyse and interpret digital database, plan drill operation, raise FO bids and negotiations, sign contract, commence and execute contract committment.
This can't be completed in a year, or two. More like 3 or 4. Maybe more if we share in follow on production with FO.
We must be realistic about this business.
Getting to this Charlie-1 FO process is outstanding work, just amazing.
Now I look forward to SS influence and possible 'Cove Energy' moment....
There is a Team here, doing much more than shareholders are able to see. This can be annoying but commercial confidentiality is necessary.
Anyway, it is free society, sell and Go if you want. Just don't stay to whinge and whine like unhappy baby.
Phrontist
Hoping we’ve seen a bottom here at 0.7p. Nice level to invest and not the frightening 0.5p that is a possibility but I think would be way overdone. Bit of positive news would be nice but basically wait and see for Q1.
everyone is entitled to an opinion and Phron did state "likes of", seen much worse in the last week from other posters attempting to deride, denigrate, disinform.
HtH,
The sorry tale is largely due to Basinski. If you don't believe that check the share price since 2016.
Waiting for Dave Wall to deliver something worthwhile to invest in.
Meanwhile I'll continue to call out any bulls##t as I see it. Sorry if that upsets your ramps.
That is the $64K question Phrontist!
He sees himself as the champion of the underdog, although ALL of his posts are NEGATIVE!
So guzzler, why are you here?
It’s been a sorry tale since the sad loss of Basinski imo ! Fail fast ? Mmm ok !!
"Likes of BP, CP, Repsol, ExxonMobil will be on the phone pretty quick."
Utter nonsense.
As for the company objectives, I thought it was if you're going to fail, fail fast?
Obviously difficult to do when you're on a decent salary.
We are still working through a proving out process.
In our 5th year of investigations.
The Charlie-1 program is the culmination of over $100m investment by 88E and BEX with PMO taking up this 6 month period.
The prime focus is four strata of conventional being seven identified layers.
The secondary focus is identifying HRZ unconventional layers at much deeper levels.
There is reasonable chance that both oil resource types could prove to be excellent for oil production.
OK, so far our JV have identified about 4bbo of both types.
But the results from Charlie-1 with follow on analysis could indicate much higher resource levels.
We occupy a large area of land, 500,000 acres or so.
Estimates and predictions could suggest possibly 8bbo, 12bbo even more.
Oh yes, Tier 1 companies will want such a major resource.
Likes of BP, CP, Repsol, ExxonMobil will be on the phone pretty quick.
The company's objective has always been to de-risk until a big Sell price is reached.
Phrontist
Phrontist
BP are a big powerful operator who are pulling out of Alaska, so don't look to them offering big money.
Now that would be nice Phrontist.....
Smokin 88
BP are big powerful operator. We all know this.
If Q1 and Q2 2020 go well for us, nothing stops sudden big offers flying in.
Phrontist