Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. 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.
How can they hold it back????
Looks like MMs buying good volume but deliberately holding SP down. Smh.
News anytime now, gla
Buys coming through as sells now. Typical.
WOKE does 88E.........well I guess it had to happen.
I genuinely felt sorry for PANR holders and management ( apart from scot) until I did a bit of research and realised the extent of their death spiral finance. No wonder Jay and Bob look worried in that latest podcast.
Next stop 13p is probably not far off the mark. They f***ed up their horizontal drill and will need a CR to continue.
I'd say they've probably, in my opinion that is, known everything in that RNS for a while and put it out just as our rig mobilized a few miles down the road to try and minimize the bad news such are the mechanics of market sentiment. It's not the end of the world for PANR by any means if only it wasn't for that death spiral finance and a low SP.
13:49
And not only that - he insults members here, his theories are highly questionable based on if's and but's, and tries to persuade members to invest in PANR (look at their investment now). He knows exactly what he is doing, he been repeatedly told about it and still keeps doing it. He gets what he deserves.
Or how about he stops posting somewhere that he is not invested? He thrives off the responses hence why he keeps posting some where he is not wanted! Bullying.. give it a break seriously! Lets get back to the focus and thats 88e and not some dumb deramper!
TO ALL THOSE CONTRIBUTING TO SCOT DISCUSSION -THIS IS A HEALTH AND SAFETY WARNING -CYBER BULLYING IS A CRIME. YOU ARE PLACING A PERSON ON THIS CHAT ROOM AT RISK. STOP
PANR next stop 13p.
How’s your PANR investment going Scot? Stick to the day job.
Oh wait you’re retired and have no money as investment banking never worked out for you.
Scot was over at PANR urging them to buy at £1.30 with his "facts" .......what a winner (not).
He's had a hard few days trying to justify it to them with more of his "facts".
Whatever your decisions don't engage or listen to this deranged and sick person.
Scot,
A lot of your theories are based on 'IF' and not facts. Cleaver boy.
What 'IF' you go back to the PANR board, we don't need your annoying advise, I'm not sure they do either but better them than us.
10:48 C'mon forum. Nearly all posters appear to believe the c.650mmbo being targeted by Hickory-1 are in the bag. No-one notice that 88E management has issued guidance on geological CoS for each formation? This is the exact same pattern as the last two years at Merlin-1 and 2 where CoS wasn't digested or wasn't understood by the vast, vast majority of posters on this forum.
What about commercial CoS at Phoenix? No guidance whatsoever from 88E management on that count. ***IF*** I'm correct that the downdip portions of the shared reservoirs have noteworthy and material phasing risk then the commercial CoS on some of those reservoirs *could* be 0%.
Just look at how the market has treated PANR with the 2300mmcfs per day of gas v's 600mmcfs expected up the road at Alkaid-2. It turns out the gas has been produced as a result of one or more of the vertical fracks intersecting a gas cap, which the market doesn't understand yet......*BUT* if I'm correct about phasing risk (was it maestro1 who thought 600ft deeper was no big deal in a Dmax calculation????? Jeepers.) then the market will zero the formations affected.
Again, I make a plea. Whether you buy/sell/hold 88E, please do not listen to WWP who is deliberately mis-informing this forum by dismissing the implications of downdip v's updip. Take 60 seconds to fact check him by Googling this subject. I am *not* making this up. This has been known about for centuries.
All, we need to stop getting ahead of ourselves here. The drill bit hasn't even entered the ground and we're attempting to guess what SP if we run into 650m barrels of extractable oil. Even IF there is oil, production at that level may be years away.
We've all been in this share a long time (LTH since 2022). Patience is a dish best served cold. One step at a time. GLA.
"The top 20 shareholders in our annual report are correct and compliant with the ASX. Although in the past we have reported the top holders by consolidating the UK underlying holders and the ASX listed holders there is no requirement for us to do it this way. Therefore this year we have listed the shareholding according to ASX compliance and grouped all the UK holders under the registered holder of Computershare Clearing Pty Ltd."
Individual Nominee Account holdings tell little in any case so their consolidation probably gives us more detail of individual holdings hence all the new names.
09.07 - I also love the calculations :-) but, without wishing to be the bearer of bad news, there is a cost to extraction which you may have overlooked. $30, / $40 BBL maybe. I don't know and it's a complicated calc that only the company would be able to work out. But still, having 650m bbl recoverable would of course be far better than the current position and share price, no doubt
I am not going to be greedy, and will leave the second pound for the next guy lol..
Could the cost to produce a barrel be below $20 at Hickory ?
So, odds on there will be oil on this drill, where do the more experienced see the price range trending while waiting for the testing that will following
Value in the ground is the metric but I like the naïve calculation.
5p on a successful drill would be a 7 bagger from here.
Have to say I think 1p would be fair value right now but we are where we are.
Markyj
Ummmm... LOVE your calculation.
Please run along tell everyone you know about 88e and how the value of the company = the retail dollar value of oil per barrel x how many barrels in place there are. And also buy more shares. Sure, its going to £2!!!
Thanks!!
MMs in discussion this morning and holding SP back deliberately.
Not concerned about lack of RNS from BOD. A lot commissioning of rig systems as well third parties. Will hopefully be making up BHA and ready to spud soon.
This will be like a coiled spring when RNS released - coming from LTH. GLA. This ones always a roller coaster.
The reason I value it in the ground rather than out is I think 88e would get it flowing (not this drill), then sell than on to Conco or another large player. After that, the sky is the limit for 88e. All part of the exploration process.
Yep that is wrong I'm afraid. There are hefty extraction costs involved. A real rough guess from me is it'll be worth $3 a barrel in the ground to us. Who knows how much we'll find down there, but 647 barrels equates to $1.9bn.
Our current market cap in UDS is 191m. This takes us roughly 10 times higher than now with is around 7p per share.
And the oil is a high API which is sold at a premium price,
Wondering how to value 88e.
If it finds an expected 647 barrels of oil, at the current $74.59 per barrel, this would come to $49.5bn.
Not sure 88e, would be suddenly worth that.
But it has 20.1 billion shares issued, so $49.5bn divided by 20.1bn shares comes out at around US$2.40 a share.
In UK pounds that's around £2.02, which is a massive hike form the 0.0066p they are trading at now.
Is this the wrong calculation of value for the company?
Nobo, if you insist on ramping this share , at least try to be a bit more subtle about it, over the years holding, I've seen them all from the bumbling to the professional rampers. And yes, I have been fooled before, most famously by Aberdeen man