Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video 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.
What were the timelines given for the next report due on Ahpun? From the webinar document it looks like it says when ready. Has there been any more specific timings issued, as some have commented that it is imminent?
"I dont think David Hobbs has ever said "no dilution" - from my recollection he has always spoken about "minimizing dilution for existing shareholders"
Quite right Tony, which is a statement that many shareholders will appreciate.
I dont think David Hobbs has ever said "no dilution" - from my recollection he has always spoken about "minimizing dilution for existing shareholders"
I like DH a lot. He is just what PANR need. A focussed businessman with a great knowledge of the oil industry. The investment story IMO just gets better and better. The size of the oil resource is already world class and the reason I am heavily invested. But the likelihood that significant gas assets could also be exploited materially enhances the story. I first invested in PANR in 2014 and have added significantly over time. Of course there are still risks ahead and no doubt there will be some blips along the way. But the size of the potential prize is enormous and for me, the risk is one i'm prepared to take.
I ve said before David coming on board
Has laid out a roadmap to 2028 $5 - $10 barrel and it’s massively
Important next step is 3 rd party funding and not
Dilution as he has promised or at
Least minimal funding
I wonder if PANR BOD new that was coming and have battened down the hatches ATM
or must they release IER as soon as available.
Having been a shareholder many moons ago in 88 I do feel for the shareholders many good people I met at meetings. At the globe Managenent must provide some sort of plan for the future going forward
Leaves me to confirm we do need David and our board to roll out asap our potential suitor and details of any deal for the $150 m plus so we can have confidence of no more dilution
Just waiting on the alphun rerate and I think we will then here
Aim listing and oil exploration
Two of the riskiest plays in investing lol
Correct brom, and you will note that the video and still picture released by 88e of the flare in action, also showed these in place and in the vertical. whilst the other did not.
Flaring would have been over a short ~14 hr window, quite the coincidence . Possible but as stated a reason to be wary of a new picture source poster, with these missing
21:25
Those "sandhoppers" where bulk trailers at 90 degrees not fixed hoppers, given the volume of fraccing sand used its qute possible that they could have been off site being filled or just dropped onto wheels and legs.
Video released by 88E walking round Hickory-1 clearly showed the trailers.
Banditputin,
I have to ask why pick this name, in the middle of an unjustified war of aggression, initiated by Putin
Are you sure you are not PRO_S2009, he writes it the same style , and switches from deramp to ramp on command
EG
Buy mode post
Caution ⚠️ 88e about to tank on a duster ⚠️20 Mar 2024 23:41
Don't get sucked into rampy nonsense.
Witnesseth as follows, the fact laid bare for all potential investors to see:
- dismal, dismal track record. All time low sp caused by endless, relentless dilution.
- over 25 bn shares in issue. It gives ukog a run for their money.
- consolidation will happen! We all know what happens when a share consolidates.
- much, much more funding needed.
- a random nonsensical diversification to Africa. No confidence in this flow test whatsoever
- likely this DOES NOT FLOW COMMERCIAL! don't listen to the fools who say otherwise.
- vastly overvalued for what they have in the ground compared to others.
- lower quality oil
Trade by all means. But do not be suckered into holding until results unless you want join the exclusive 88e bagholders club. Talk to shareguru for admission. Requirements are that you must have suffered catastrophic losses and have lost the shirt off your back, yet thick and gullible enough to believe you can buy back your burger van.
Sell mode post
RE: 70 barrels of oil per day (bopd)2 Apr 2024 07:56
Time for BOOMTOWN. WOW 88e finally have oil. Huge noise.
Dont listen to any other noise. 1p+ here we come whoòooosssshhhhh
Then you skite about the success of your deceptions,
"I made big money on 88e. Buy .29, sell .41 on 70bopd news."
Good to know your manipulative style, are you trust worthy, hell no
Fair to conclude you are currently in buy mode on PANR
19:58
Hi Alex_F - I doubt very much that banditputin1 is a paid labourer. He's smarting at losing money on 88E and blames olderwiser, rabito79 and me for his losses rather than his own lack of research when he went long the stock. Have a look at his history of posting on 88E. He becomes a cynical supporter of 88E when he thinks, wrongly, that the peak oil rates reported following the two flow tests heralded good news about commerciality. There are even a couple of "BOOMs" in his posts, lol. Looking at his posting history, he doesn't appear to believe in research or analysis. He's a self-admitted "trader" - No reason to disbelieve him, I'd suggest.
I'll quickly dismiss the nonsense in his post timed at 19:14
- I don't tell fibs. I find publishing lies to secure a financial gain to be contemptible. Examining banditputin1's historical content it is clear he has no such reservations on that score.
- He informs us he "made his money" on 88E. Not if his posts on the 88E forum are to be believed. Looking at the timings of his posts v's newsflow v's SP, I reckon he's not being entirely truthful ...again.
- 10p placing on way, is it? Join the long list of folk who have said so since 2019. Note how he doesn't show his working for his so-called calculations.
- Financial Conduct Authority states Mangrove short position has been static since 11/9/23. Concrete evidence of banditputin1's non-existent relationship with the facts.
- sentence about how market values PANR. Let's ask him for some evidence? I earnestly believe banditputin1 does not possess the training to construct the industry accepted risked/unrisked valuation model for PANR to back up his evidence-less claims. Hey banditpuutin1 - post your model, would you please? Without doing the work, how can he possibly have arrived at such a conclusion?
- management mistakes? How many UK small cap management teams have discovered the second or third largest onshore conventional oil accumulation in US history? I'll take that mistake every day of the week and twice on Sundays!
Speaking of value, does anyone else find it mathematically preposterous that, using Friday's closing SPs, the market is valuing a downdip, lower classification 88E Phoenix recoverable barrel in the ground at 18.2p v's an updip, higher classification PANR recoverable barrel in the ground at 13.8p? Such irrational disparities in value do not continue into perpetuity. They never do.
Banditputin1
I agree with you. PANR is your latest project. You are a paid-labourer being paid by shorters to write here. This is your project. But as I said, your project will not work.
……has become an absolute nonsense
16:56
The thing is, banditputin1, not even your bezzie mates Mr Algo Rhythm and Mr Fib O'Nacci can do much about disappointing flow test results from Hickory-1.
Now then, being a self-admitted trader banditputin1, it is surely a priority to avoid being long a stock going into an equity fundraise or a small cap share consolidation. I can only imagine your trepidation as you examine 88E's cash position and see ***both*** an equity fundraise ***and*** a Board proposal for a share consolidation hurtling towards you at a rate of knots.
Being a generous chap, I thought I should examine 88E’s cash position for banditputin1 to review. Cash at hand on 31/3/24 is US$11.22m. The balance of costs for this season’s operations in Alaska is US$11.6m. *If* Burgundy (25% W.I.) elects to walk away from Project Phoenix following the disappointing flow test results, 88E as the operator is obliged to pay the bills in full. 88E has stated the bills will be paid by the end of June ’24.
88E is also committed to pay US$900k to their Namibian partner by 1/6/24. Cost cutting has already commenced (88E’s COO is departing 29/4/24) but unless Burgundy pays some of the outstanding balance for the Hickory-1 flow tests, 88E will run out of cash at some point in June.
What are 88E’s options? More asset sales? Perhaps. Far more likely IMO is an equity fundraise at a sufficiently large discount to attract investors who will have noted the market’s reaction to the underwhelming flow test results. Combine an equity fundraise with the proposed share consolidation (25.12bn SOI) and traders like banditputin1 will be asking themselves even if they believe the 88E assets are the best things since sliced bread, why would they not wait until the company is recapitalised before going long?
Trust the above saves you some money, banditputin1. Don’t come back bleating at me that I should have warned you about 88E running out of cash.
A final point. Note how banditputin1 has wisely decided not to repeat his made up gibberish about Mangrove increasing their short position in the face of incontestable proof from the FCA that the short position has remained static since 11/9/23.
Banditputin1 is what’s called a liar.
14:29 and 15:46
Jeepers, banditputin1, that's quite the word salad just to say that facts don't matter to you.
For any forum members who wish the definitive answer head to https://shorttracker.co.uk/ and type in "PANR" to the search box. Short tracker scrapes their info daily from the FCA short register.
If you wish to access the FCA short register itself then just google "FCA short positions excel" and then click on "short positions disclosed to us". You'll be able to see current short positions for Mangrove in PANR together with their history of declarations.
As you can see, Mangrove's 1.53% short position (approx 13.8m shares) has been static since 11/9/23.
Just like his KGB namesake, this makes banditputin1 a disseminator of disinformation. Or, if you prefer, a liar. Hopefully the real Putin will be defeated in Ukraine asap. I don't need to "hope" banditputin1 is proved wrong because that has already happened.
Don't be like banditputin1.
Infrequent posters may, understandably, wish to filter him because he's provided more than enough evidence his content is not truthful. I'll keep an eye on his p!sh and volunteer to highlight any of his future content which is pertinent. I doubt I'll ever need to do so, but I'll keep an open mind!
Olderwiser = Sense
banditputin1 = Nonsense
Badputin or should I say Pro_S2009
What ever happened to him, you post in such a similar manner it is remarkable
You are waffling, making no sense, but plenty of noise
Banditputin1,
I absolutely do not trust you. You are here to bring SP down. Your discussions do not make any sense.
However, it is very promising to see people like you hear. It shown shorts are scared and doing an orchestrated attack. You will not succeed.
Badputin
The evidence of your now repeated lie is on the Mangrove short chart trend line, going flat for more than 6 months.
Despite your repeated protestations, that is not an uptrend
I have experienced your particular brand of dishonest often enough to know, you will just replace your original lies with brand new one as you get unraveled, in this world it takes all sorts, thats not going to change
Badputin
As per usual your words contain no fact, just the opinion of a pump exponent, I suspect troubled by a falling share price
Please disregard all of my posts if it suits you, in fact they are not written for the pump brigade, more for the real investors, who seek a more genuine POV than the pumpers provide
19:34
Red card for banditputin1.
banditputin1 states Mangrove has increased its short. banditputin1 states Mangrove is continuing to increase its short. The FCA states otherwise, see link below.
https://shorttracker.co.uk/company/GB00B125SX82/
banditputin1 is lying. Don't be like banditputin1.
Triumph1
After discarding the personal attacks, there is only one point remaining. That being the significant delay to the testing schedule 88e advised. Following this and adjusting for known slippage they would indeed have been in the 2 day pressure recovery phase. In which the well is shut in, again a reasonable forecast
Investor 111
That is a perception a group of like minded individuals, that have been pumping 88e have sought to create, it appears with some effect
Disappointing, read the content of my posts and see where you find fault, no prediction in life is ever perfect, but on balance what I have highlighted has been born out.
Always happy to discuss further in a civil manner, as an aside how would you react to a campaign of character assassination, in response to reasonable argument. I tend to hold my ground in response to intimidatory tactics
Ohhh personal attack was it olderwiser? Everything is a personal attack now is it? is that all you can say? Lets all have a minutes silence for the "personal attacks" on poor olderwiser. Shall we call it sympathy minute? Every day, lets all bow our heads and feel sorry for the "personal attacks" poor olderwiser has to endure. haha what a pithy, predictable response. Step aside jellyfish, i have just found a new contender for an organism with even less vertibrae who cannot seem to take criticism, and labels it as a "personal attack". Lets not go there old chap, you will lose that arguement 10 times out of 10, and be ripped a new one in the process so bad that you will never be able to sit down again. So stop hiding behind phrases like "personal attack" and take your dressing down and criticism where you have been caught out like a man.
The photos uploaded there goes through vetting before being posted by a respectable forum administrator, and would be removed proptly if fake! Ignorance of how a particular platform vets photos is NO EXCUSE for your reckless disinformation campaign. Oh no, i called you ignorant. Im so sorry for the "personal attack". And i called you reckless. Shame on me for criticising your misinformation.
March 25th "Which means the well has already been shut in, so nothing is now returning to surface. There will be no flare for Dalton highway users to photograph". But something did return to the surface, didnt it?
One of the many examples of your bread and butter BS deramping off the collar comments: "Despite the wording in the RNS, A dead cat bounce in play, unbelievable stuff"...this was after 88e rising in anticipation of first flow result where olderwiser was convinced that an RNS was worded as such to be a precursor to failure. Unbelievable stuff indeed!
The very first comment by olderwiser when the picture of the flare was posted: "That looks fake, different reddit site and where are the great big obvious sand hoppers, as seen in the other site pictures" ....You really let your true intentions slip on that one, because naturally an impartial person (which you self proclaim to be but proven to the contrary) immediately falls on a particular side of a fence haha. Because obviuusly sand hoppers are permanent fixtures on site that dont move at all (sarcastic) despite the photo you used to cross reference against the flare photo was taken 2 weeks prior where it would have perfectly logical to assume sand hoppers would be removed when no longer required. Permission to call your analysis presumptious, misinformation spreading, poorly analysed and wrongly concluded? Or will you hide behind and stick to the "personal attack" narrative you and scot seem to peddle?
Flaregate indeed. You are not winning anyone over with your cries of "personal attack". It just makes you look even more arrogant; somebody who cannot accept criticism and admit when they are wrong. A very bad look for you. Grow-up-and-becomewiser olderwis
Olderwiser you seem to have caught Scott’s pathetic behaviour. There are so many people that dislike him as he thinks he knows everything and it’s a shame you associating yourself with him.