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12.24 - yes Major. However, we also have potential news in the barrel before then with our extensive portfolio. Let's see what transpires. VGLA
Le Major , 12.34 ~ Great post !
It is surely possible . How i wish :)
Perhaps it's a typo Brom and he's from Porth? I once worked with someone from Porth who emigrated to Perth. Didn't stay long, came back.
Imagine the Rhondda Valley trumping Australia lol
16:07 Guz are we absolutely sure it's someone from the Southern Hemisphere ? :-)
I have met you and know you are Welsh (if you not you are a good actor) but sure we have a few made up personalities on this and other boards :-))
17:08 moneyhawk absolutely correct, understand the way COS is calculated and it could never be.
As usual people hear what they want to hear and interpret accordingly, not sure how much relevance an unconventional drill at Franklin Bluffs targeting the source rock (HRZ) has to Charlie-1 in any case.
Brom 14.45, its the same on most bb's, few seem to understand (or choose not to) that its not intended to be an update with filled with new information . Although I've found this one useful, have tuned out a little bit, so its handy to have the quarterly report summarising the last 3 months, which i guess is the intention of the reporting requirements. Same thing happens with annual accounts, bb's get filled with comments complaining that its last years financial information and nothing new
I don't think that Icewine 2 was ever given a 50% CoS in terms of the industry standard calculation. DW referred to icewine as a 50/50 chance, which isn't the same thing as a 50% chance of success.
So Dave said? Not official then?
Not that it makes any difference to the outcome but agree a high COS would attract interest upto spud.
Guz, Dave Well in the interview mentioned that Charlie-1 has higher CoS than all previous wells being drilled. IW-2 CoS was 50%, which means Charlie-1 CoS is higher than 50%
Quarterly updates, operational or financial will always be historical.
Nothing new for shareholders but of value for newbies.
Now where does it state COS of next drill is higher than 35%?
And what's this new Southern Hemisphere fool banging on about?
I'm saying update not literally as know it's not "an update" and quite aware that it's a "quarterly report" but cutting to the chase and saying that as a "quarterly report" it contains very little to "update"
Appreciate your clarification spineless
Brom/Le Major,
She's a funny ole world.
The good thing though, is that when the company does provide and update they clearly state at the top of the RNS,
"88 Energy Limited (ASX: 88E) (“88 Energy” or the “Company”) provides the following update related
to............."
Spiney sadly every quarter we go through this nonsense even from some who claim to be heavily invested and yet take delight in negative spin at almost every opportunity.
Absolutely, it is a retrospective summary of the last quarter, plus a financial statement on the position at 30th Sept.
As you said, it did mention the plugging of Icewine#2 - we knew it had to be done but now we know it has been.
Time to go, things to do.
Perthy,
The RNS states,
"The Directors of 88 Energy Limited (“88 Energy” or the “Company”, ASX & AIM:88E) provide the following report for the quarter ended 30 September 2019".
No mention of any update, it clearly states the info contained is to cover of the quarter ended 30/9.
It is cut and paste update
Never have so many words said so little
Congrats spine
MILOH,
Except it's not an update, it's a Quarterly and Cashflow Reoprt. Which is a review of the previous quarter, you know a look in the rear view mirror.
There was something new, maybe you missed it.
"Icewine-2 well formally plugged and abandoned in the quarter;"
Expect the bond will be returned next quarter. Chin up old chap, suspect you're down in the dumps about your failed prediction of another CR before drilling Charlie.
Hu11 was being facetious LM!
Hu11, I think 8p by Christmas is a bit too optimistic (maybe 1.4-1.9) but by Easter it is a possibility.
It does not pay to be too specific as there are a few predators here who will bay for blood if we only reach 7p, but as long as we get some good flows (and with 7 targets and a chance of success above 35%, I'm hoping for 2 good 'uns and a couple of moderates). That should give us a lift, and maybe settle us down at 5-9p. I think we will need a second winner (say Yukon Gold) to push us beyond 10p though. Once the sp has settled, and assuming we are deemed to have a valuable asset against which we can borrow, I would not be surprised to see plans in place to cover both Winx#2 and the Central and Eastern fairways. If we do need to supplement a loan with a CR then at least we will be raising from a higher baseline, and by then have some institutional investors behind us (possibly taking up the whole of the CR next time as genuine LTH's).
It may be wishful thinking, but the key events are flow rates from Charlie, so we can chill out until April.
8p Xmas S4K?
Time is nearing ... huge potential.