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23:05
Why Richar? Give the forum one honest, truthful reason why olderwiser should be banned from this forum? Has he spread false or misleading information? Nope, exactly the opposite is the case
Listen up, Richar. Just because you do not *enjoy* reading the facts of the investment case of a stock in which you have freely elected to invest *does not* mean the author should be banned.
Where is your righteous indignation at the multiple prolific posters on this forum who would have you believe the flow test results were good (they weren't); that the company isn't running out of cash in the next few weeks (it is); that the downdip portion of these shared reservoirs is the superior location (it isn't); that it's no big deal the 88E executive team hasn't invested a single dollar in the company's shares (it is a big deal in listed small caps); that it's no big deal the MD *elected' to take his bonus in cash rather than shares (it is a big deal); that it's no big deal the Board permitted the executive employee(s) to sell their performance rights in early 2024 (it is a big deal); that the company is being fully transparent with its shareholders and the wider market (it isn't, otherwise they would have issued a correction RNS); that Longhorn is performing well and will be a substantial contributor to 88E's future exploration costs (it isn't performing as planned and it won't be contributing to anything other than management's salaries); that it's no big deal if Burgundy Xploration defaults (it is a big deal); that 88E is undervalued in absolute terms (it isn't) or that 88E is undervalued v's PANR (it definitely isn't); that there is some great conspiracy involving a boiler room and market makers who are stealing your money (there isn't a conspiracy and I am not stealing your money....I was literally begging forum members to google Dmax and updip/downdip for months and months) .........those are the folk you should be screaming about, not the fundamental investors/analysts who have spent hundreds of hours researching the asset and analysing the two companies.
Grow up Richar. You're an adult, yes? Then put your big boy pants on and accept responsibility for your decisions. Oh, and contact the Chairman of 88E to ask for full transparency around the flow test data and whether the company is insolvent.
And quit abusing people online. It's classless.
no ******** no banned.
Oldenwiser why is this poster not banned.
Ausnsw and redirons
Stop lying . I have never filtered either of you, or in fact anyone here. If you get ignored it is because of your content alone.
Filtered or ignored are different things, just like spin and lies are different. If 88e spins a 4 barrels produced into a 50 bopd peak headline, thats spin, so long as the 50bopd rate was achieved for even 1 minute , it is true. It would be a lie if they claimed we produced 50 barrels of oil in a day
Subtle differences make all the difference to perception
they absolutely do exist and funded seen this many times and know this in all my years investing and trading it’s rife. as is naked shorting which is illegal in the uk but still happens!
heads up right now the mm are moving their fat ****s off our necks! bid now reaching the ask - patience pays so it’s last orders sub 22 on buy side get them in! i’m being offered premium bid price - no deal! imho dyor
I am however intrigued to see what 88e do next... Look to have backed themselves into a corner.
I have never said not to buy. I personally haven't bought in the way down and I won't until after the placing news because it's too risky for me. But each to their own. However, I'm very glad I sold when I did because I am happy to admit I made a mistake getting invested here at 0.32p. I'm also very happy I don't try to average down because the opportunity cost is too high. There are shares with more potential IMO.
Mr 1 post POWERED oh dear the old derampers getting hammered forced to open extra burner accounts lol powered by chicken nuggets! You had a POSITIVE announcement on Monday! Here’s an extract! IMHO DYOR
Highlights
· Dual reservoir success at Hickory-1 with second light oil discovery at the SMD-B reservoir.
· Peak flow rate of ~50 barrels of oil per day (bopd) of light oil (measuring approx. 39-degree API oil gravity, under nitrogen lift).
· The SMD-B reservoir showed little to no measurable associated gas flow (low Gas-oil-Ratio (GoR), which validates the pre-test analysis.
· Hickory-1 has now delivered two successful oil flows and three independent discoveries:
- SMD-B (today's result): with a peak flow rate of ~50 bopd of light oil (measuring approx. 39-degree API oil gravity, under nitrogen lift).
- Upper SFS (USFS) (previously announced on 2 April 2024): with a peak flow rate of over 70 bopd of light oil (measuring approx. 40-degree API oil gravity, under natural flow).
- Both flow rates result from low volume stimulations over small 20ft perforated intervals in vertical well.
- Previously announced Basin Floor Fan (BFF) Gross Best Estimate (2C) Contingent Resource of 250 Million Barrels of Oil Equivalent (MMBOE) (refer 88E ASX release dated 6 November 2023)
· Quality and deliverability of both SMD-B and USFS demonstrated via oil production to surface with the USFS reservoir producing under natural flow - positively differentiating Hickory-1 from results on adjacent acreage.
· It is anticipated that these reservoirs will be developed from long horizontal production wells which typically produce at multiples of between 6 to 12 times higher than vertical wells. Project Phoenix also benefits from the ability to produce concurrently from multiple reservoirs in a single development scenario.
· Well testing results from the current field season confirm long-held views of the producibility of multiple reservoirs at Project Pheonix.
· As such, the Hickory-1 flow test results can be rightly characterised as in-line with those observed from equivalent reservoirs on adjacent acreage. Importantly, the performance of the USFS reservoir exceeded expectations, with the well flowing naturally with increasing oil cut.
· The results from the Hickory-1 flow tests permits an independent Contingent Resource assessment for both the SFS and SMD reservoirs; expected to be complete during 2H 2024.
· Project Phoenix JV to conduct post-test studies for integration into existing models allowing refined development planning for all reservoirs; studies to commence 2H 2024.
· Commercialisation options to be advanced in parallel, including farm-out to a strategic development partner and/or early, capital-lite production, given proximate infrastructure advantages (Hickory-1 next to Dalton Highway and Trans-Alaskan Pipeline System (TAPS)).
Is there such a thing as a "funded boiler room short crew" if so how and where would I apply to join such an illustrious group, or is it just in someone's head.
My average currently is now 21.50 so thank you sellers I don’t control the market and considering this went to 44-45 from lows on announcement 1st discovery even then the price action was being controlled - that’s when the marked manipulation began I think that on our second major oil discovery we should of had the market not been obviously manipulated for this stock been in 55+ easily - we opened 33 v 35 on news within seconds pulled down on nothing. If we take your advice SSccss to not buy are we fools? I think not buying is the extreme of foolish moves - buying we are moving with the market and doing the opposite of what they’d like us to do! Red I see has gone awol when you try and pin him down or have you not had time to log out and log back in again SS!
My opinions are the complete opposite of yours and indeed all the derampers. If needed I’ve got deep pockets and will simply keep buying the more profit I will be making! Buy and hold. We’ve made enormous strides in all our projects but the recent discoveries are the gamechanger now! If you’re not confident in that then do sell up and make the market a bit more liquid for like minded investors like me! But then that’s difficult for you as you're not invested! IMHO DYOR
10:09
88e dont reply - didn't reply or don't reply? If didn't then wait, if don't then you didn't ask them.
Cenkos are their nomad - would they answer this type of question?
ASX are independent, and have some regulatory compliance power - the stock exchange defiantly wouldn't answer this question.
I don’t see a positive announcement happening anytime soon
Yes Sharabel, that 90k buy yesterday was definitely not punt money. Us and many others have witnesses way more buys than sells over the past few weeks, especially yesterday, but the price continued to drop. The short squeeze is getting tighter, and just one positive announcement, this share will explode, leaving the shorters behind. Can't wait :)
And apparently you have been loading up the whole way down lol...
Well sharebel seeing as you have been saying since 0.35p that this is going to rise imminently... And here we are at 0.2p. I think I'll trust my own judgement over yours any day of the week. It has certainly saved me a massive loss this week... Taking your advice would have been a disaster, so I hope no one has been daft enough to.
SSccss lol I think it’s so funny you don’t know yet you pretend you know it all here! Ah made my day your post has and just confirms you know absolutely zilch about what is going on here! IMHO DYOR
Waiting Red still waiting for you tell us why we are all doomed here Mr 391 posts…
JV major waiting in the wings?! Seriously... I think we all know the likelihood of that is zilch.
Red ok I’ll give you the floor do explain how we are in trouble how the company is in trouble? I think the entity who bought £90k of stock at 22 yesterday is also all ears? The only ones in trouble are those and the fund who are short here! If it takes a few days to rustle up enough from the dribs and drabs selling that may not be soon enough they’re going to get squeezed and squashed by what’s coming down the track lol and I can’t wait! IMHO DYOR
Investor111: old question. Focus on Ashley Gilbert and get to the bottom of these flowtest results. We need to demand a meeting prior to the AGM. Vote them out if we don’t get answers. Also we should insist on renumeration cuts - They need to feel the pain like their shareholders
Sharebel: OW and Scot are not against 88e. The problem is your venting in the wrong direction and that is exactly what AG and the board want. 88e are in trouble so we need facts not smoke and mirrors. we should stop fighting and focus on getting answers.
Redbear another chancer hold AG to account lol! There’s some real die hard derampers here but when they are a FUNDed boiler room short crew they attack day and night! My only criticism is the interview is taking longer than expected to put out! Perhaps you’d like him to put himself in the corner and beat himself with a birch branch whilst repeating must not find oil, must not find hundreds of millions of barrels of oil over and over? Entrants here and now seriously have been given a gift of a buy in! Ruined albeit temporarily by the greed of the MM and the hustling fund targeted shorts - you’re not very clever considering they’ve got a powder dry punishment of JV major waiting in the wings! That announcement would cause the short squeeze of a lifetime! IMHO DYOR GLA
John, Focus on Ashley not Scot and OW. The information provided rom them was factual. Yes it was negative, but the problem was not theirs it was 88e. All this carry on about Scot and OW detracts. We should all pressure 88e for a webinar and QA. Have Scot and IW ask some questions. The answers may cause a rethink on the sp. That would be far more constructive
Scotty - are you a shareholder in 88e? If not, why hell are you posting so many times on this board?!
Tbf, it was the likes of them that contributed towards the selling... Catch 22
To the guys on this board who keep having a go at Scot and OW are scumbags. Grow up and recognise good information when it’s given to you. I realise that the majority just follow the pack, but it’s time to hold Ashley Gilbert to account not these two. Your shooting the messengers people TIME TO FOCUS!