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Ah bless the Oz shorts trying to dtop in a few big fake sell trades at the 15.50/70 mark well below the live bid wedged in between buys at 17.10s but unfortunately for them they got gobbled up with some very big buys…it’s not the placing stock @0.16 that’s for sure! Manipulation ‘naked’ shorting right there- all SINT trades too. Oz fund naked shorts will be squeezed tight until the pips squeak! Cannot wait! IMHO DYOR
2024-04-24T10:02:08+01:00
GBp 0.171 146198 248.54 Off-book AIMX
2024-04-24T10:01:42+01:00
GBp 0.171 453698 771.29 Off-book AIMX
2024-04-24T10:01:36+01:00
GBp 0.157 10000000 16,000 Off-book SINT
2024-04-24T10:01:36+01:00
GBp 0.1575 10000000 16,000 Off-book SINT
2024-04-24T10:01:27+01:00
GBp 0.155 7500000 11,250 Off-book SINT
2024-04-24T10:01:27+01:00
GBp 0.1555 7500000 12,000 Off-book SINT
2024-04-24T10:01:14+01:00
GBp 0.1625 101451 162.32 Off-book SINT
2024-04-24T10:01:14+01:00
GBp 0.162 101451 162.32 Off-book SINT
2024-04-24T10:00:42+01:00
GBp 0.1701 2446 4.16 Off-book AIMX
2024-04-24T09:57:42+01:00
GBp 0.1705 348416 592.31 Off-book AIMX
2024-04-24T09:56:45+01:00
GBp 0.17 25000000 42,500 Off-book AIMX
How's doing your own research panning out for you Brommy?
11:20
That is some error in that quote.
Always best to do your own research, you can go to DOG Alaska and view the original permits complete with borehole coordinates, lease nos. etc and work out very accurately.
https://dog.dnr.alaska.gov/Library
see also
https://dog.dnr.alaska.gov/Document/Download/9351D6244BEE4C6CA840BCB1F9280864/North%20Slope%20Activity%20Map.pdf
Quote Microsoft bing co-pilort AI: The Alkaid-1 well and the Hickory-1 well are located in close proximity on the North Slope of Alaska. The distance between them is approximately 1.5 miles (2.4 kilometers)12. Both wells have similar reservoir characteristics, and Pantheon’s wells on adjacent northern acreage (such as Alkaid-2, Talitha-A, and Theta West-1) have all flowed 35 to 40⁰ API oil from similar sandstones. The Hickory-1 discovery well and the Alkaid-2 well are approximately 1.5 miles (2.4 kilometers) apart on the North Slope of Alaska. near Trans Alaska Pipeline System. (TAPS)
Can't trust AI lol,
Thanks for the corrections
10:38
The distance between the two well you mention is a lot more than 1.5 miles, based on borehole coordinates ~14.3 miles.
GBP well Talitha-A is ~9.4 miles from Hickory-1
I believe that GBP planned a well closer to Hickory-1 (Talitha-B) but that is yet to be worked.
Optrade 10:12
I suspect you have mixed the distances up between Alkaid1 and 2
Hickory 1 is 9.3 miles from the closest PANR drilled well Talitha A, and at a guestimate from the maps around 16 miles from Alkaid 2
19:28
Not sure why date changed.
https://clients3.weblink.com.au/pdf/88E/02790292.pdf
Well said Opteade.
I can only assume shorters are selling the stock as it’s seems depressed for no apparent reason?
The oversubscribed share sale tells the story here.
This will be a Billion £ company
The Hickory-1 discovery well and the Alkaid-2 well are approximately 1.5 miles (2.4 kilometers) apart on the North Slope of Alaska[1]. This proximity allows for efficient exploration and development activities in the region where
their optimal drilling location has been selected adjacent to the Dalton Highway.
Huge potential for PANR and 88E although they have many more shares now in issue that will limit how much the SP will rise. While .17 to .35 doesn't seem a lot; unlike PANR they might not have the cash to do large director buys
There has been nothing but good news this year so the recent SP fall looks to be overdone. With the funding now out of the way there is hopefully room for some positive gains.
"Based on the forecast activity schedule the Company is now funded for AT LEAST the next 12 months, with net proceeds of the Placement, together with the Company's existing cash reserves"
So basically saying, no more placings for 12 months - One sniff of a farm-out partner and this will fly.
GLA SR
So far today there is 1 post on the PANR message board. 43 posts on this board and a significant proportion of those refer to PANR.
“ While over at PANR”…🙄. fek off there!!..
GLA
ConocoPhillips Alaska has incurred $4.8 billion in taxes and royalties, while still investing $3.1 billion in capital in the state since January 1, 2020. Our net income was $3 billion during that same time.” This is what can happen if right major got involved.
And a lot of the $3.1 billion in capital is Infrastructure charges ,
So compared to price they would have to pay 88e , it a no brainer .
They are clearly going for the JV for Hickory. Shows confidence.
The pumpers have arrived let the cycle begin. The "Sophisticated" investors will sell into the rise. The noddy PIs will be left holding the bag just in time for the next dilutive fund raise or better still consolidation.
The fact that none of the 88e management team bought into the placing speaks volumes. If Ashley etc wont back 88e with his own cash on the eve of its "greatest" discovery at historic lows then honestly there is no hope for any existing 88e investor.
While over at PANR, billionaire investor, ex treasurer of the Conservative party Lord Spencer of Alresford, just increased his holding to over 7% percent. Why do you think someone so connected would do that ? Anything to do with imminent IER and funding news ?
You read right.. 👍
Great news: They achieved the successful flow of oil to the surface, for the first time!
Now fully funded, SP should be going back up to 3.5P and more.
You read right Rayon, but the interested parties are only confirmed with Ieonis at the moment
Did I read that right? The latest raise leaves the company fully funded for at least the next 12 months, in which time they’re seeing a JV in which their are a number of interested parties?
Another early doors big buyer - nice work! Matching the many big buys that went in yesterday! IMHO DYOR
24-Apr-24 07:33:21 0.165 25,000,000 Unknown* 0.17 0.175 41.25k O
Well absolutely Barn considering just a few weeks ago we were trading in the 40’s! The SP was worked down as we all saw with our own eyes. Now reversal in play after shorting activity and forward selling of placing stock! Entrants buying now sitting pretty & LTH buying and taking advantage of these artificial historic lows and averaging down! IMHO DYOR
Very oversubscribed so people who missed out will now want to be in at this low level.
The potential as we know is enormous.
The company valuation compared to a neighbour is paltry.
A doubling of this current share price wouldn’t surprise me short term with a lot more to come now the funding is over.
A first, If i recall correctly, partaking in a placing. Typically 'sophisticated investors' in most, if not all previous placing.
Next level now 18 v 18 and NT for large volumes …I believe we will see 20 at some point today! We are better placed than ever now in the history of the company and the 2 x new discoveries fast tracked to commercialisation will be transformative for 88E in 2024! Bring it on! IMHO DYOR
PIs continue to provide liquidity for yet another placing and inevitably get left holding a steaming bag.