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From rns
4. Prospects are subject to a phase risk (oil vs gas). Chance of oil has been assessed as 100% for all targets except for the Kuparuk Formation which has been assessed as 70%. Phase risk has not been applied to the unrisked numbers.
Fingers crossed for good results.
Hopefully they hit on all zones!
jmo
Hot from the press Drilling of the Hickory-1 exploration well has commenced.
You jagged it. Ur news article is 1 year old & is for Merlin 2 - Spud 9/3/2022. But 88e have just put out Ann that Hickory 1 has been spudded 9/3/2023. Let's go !!
I bet this is spread across well
https://pbs.twimg.com/media/Fqlh2R3agAA-0b9?format=jpg&name=medium
Dose that mean when the share price goes up we will all get some Jam & spread
Lol
The MM, know what we see, so manipulate enough to obscure..
Some shares, Mid Price can stay the same all day, not moving with the spread
Others move the spread while the share continues to trade in the same range
And the large spread, that can make a share appear up or down, even over a number of days..
Just hope we get an RNS saying the drill bit is turning.
If You have the time, you can monitor the live prices, dummy trading..to check the real spread
Then best estimate ...
Copy and past the trades throughout the day, to break up the monotony
Or download the days trades from london stock exchange end of the day to a spread sheet
https://www.londonstockexchange.com/stock/88E/88-energy-limited/trade-recap
Add some formulas for a lot of trades..
So my best estimate buys, vs sells
Roughly 3 to 2
15,217,494 vs 10,251,638
biggest thing is the large sellers are either out or waiting for a better price..
largest group of consecutive sells, also well spaced out
09-Mar-23 08:49:33 0.665 1,000,000 Sell*
09-Mar-23 08:43:08 0.6655 1,000,000 Sell*
09-Mar-23 08:39:51 0.6655 7,130 Sell*
09-Mar-23 08:39:34 0.666 302,095 Sell*
09-Mar-23 08:30:10 0.6655 3,480 Sell*
09-Mar-23 08:30:01 0.665 6,327 Sell*
Largest Single sell
09-Mar-23 11:57:48 0.6615 2,029,181 Sell*
But tomorrow is another day, and Friday
Would you want to be out over the weekend... lol
A guy on twitter a few years ago, showed how guesswork the whole thing is, he had
a level 3 or 4 access, had about 20+ screens in his set up and sent out a series of posts
with screenshots.
The share in question had bid 8.5 mid 9.5 ask 10.5
The loaded mm's on the bid side from 7.5 - 10.5 the ask 8.5 - 16p
as he had it all in front of him , he could match who conducted each trade and figured
over 80% of the trades that day had the wrong labels, with bid trades running from
8 - 10.5p , ask 8.5-12p and no takers for the 7.5 , 14 and 16p chancers.
Was a real eye opener, as with all things market, nothing is ever as it seems. GLA
It's a crap system but all they have, not every trade above the mid is a buy at anytime
likewise sells below.
Have often when a share in vogue, sold at/near and even above the listed ask, when
they go fishing to fill bigger clients wishes and yes bought on/near bid many times
also. Fact is any price across the spread could be and often is either.
The markets long ago offered the easy modern tech fix, to show the button
we actually pressed and print from source, they chose TRADITION over tech
and as said, view all TRADES as both buy/sell
That in itself, say they are quite happy for others to disrupt and confuse , with
the **** labelling done by the likes of this site GUESSING.
Nothing to do with them, the market labels nothing, just follow on 3rd
party sites like this one, all the confusion and **** volume stats and
ratios down to them, the MM's just do their thing, taking a cut of each
and every trade.
any buy sells stats you see worth less than used TP , most days.
buys, vs sells
Roughly 3 to 2
15,217,494 vs 10,251,638
Brom.........I hear what your saying. It would be so easy to report true buy and sell information and so the only conclusion is that it suits MM's........bless 'em..........they have to make a crust !!
16:54
The algorithm is dumb, but one could ask why the BID and ASK do not move faster to more accurately reflect the market on occassions.
Flatlining just below mid so everything shows as a sell because of the dumb algorithm.
Situation normal.
When we start to get volume then it will move.
16:26
As you say volume as a percentage of total shares probably insuffient to force an SPmove.
16:22
For those who want to read more.
"When an investor buys or sells stock from/to a market maker, the transaction is reported to the stock exchange. Each transaction is, of course, both buy and sell. You are the buyer or seller, and the market maker is the other party in the transaction. However, only one trade report is required. The transaction reports are published by the stock exchange with a trade type of O, and services such as ADVFN,iii and MoneyAM, who have a "feed" of information from the exchange, will list the transactions on their Monitor/Watchlist and Trades pages. Some years back, all the online services thought it would be a good idea to attempt to list these transactions as buys or sells, and devised a guesstimate system - if a transaction is executed at a price above the mid-price, it is placed into the buy column. If executed below the mid-price it is placed in the sell column."
https://www.proactiveinvestors.co.uk/companies/news/81/idiots-guide-to-the-london-stock-exchanges-setsmm-0379.html
Not holding anything back , there is no Volume
Volume--------22,783,964
Shares 20,108,000,000
09.03.23 15:25:10 0.67 GBX 72,843 488.05 Off-Book P AIMX AIMX
09.03.23 15:18:01 0.67 GBX 72,843 488.05 Off-Book P AIMX AIMX
09.03.23 15:12:20 0.67 GBX 104,662 701.24 Off-Book P AIMX AIMX
09.03.23 15:09:16 0.66 GBX 43,973 290.22 Off-Book P AIMX AIMX
09.03.23 15:06:53 0.67 GBX 147,612 989.00 Off-Book P AIMX AIMX
What 88e trades look like on the market , no labels as they consider all trades both a
buy and a sell, sites like this massage with guesswork trying to be helpful with trends
and volume ratio's and fail miserably on most shares daily. GLA
They do not show buys as sells or sells as buys, its zero and nothing to do
with the market or the mm's
Just guesswork sites like this one , who artificially add GUESSWORK data
to the market trades, the market labels nothing, you see red/blue or buy/sell
labels , all 100% a Best Guess
Based on what the 3rd party site like this one's GUESSWORK algorithm sees as
its not always in the right spot , mid and range, it guesses , every trade, every
share , every day
All above BUY
All below SELL
All on ITS mid price , delayed or sees now out of its now status range UNKNOWN
no hocus pocus or mm tricks, just a **** labelling system used by sites like this one
making all the stats , as much use as a chocolate fireguard. GLA
MMs controlling SP. GLA.