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Results have not been delayed, this is the current rhetoric that the de-rapmers wish to portray, they make a statement, agree with themselves then continue it hoping it becomes the standard belief.
The company clearly stated on the 2nd April "We will now proceed to undertake flow testing of the shallower SMD-B reservoir over the coming weeks. This is a zone which has previously been successfully tested on adjacent acreage to the north. We look forward to continuing to update shareholders on the progress of our Hickory-1 flow testing operations."
Additionally, the cavendish morning note, noted on the 2nd April that "well results expected in circa 10 days from 2nd April"
Thus just more attempts to spread negative lies, unless any of these so called helpers would like to direct me to the corporate announcement on the delay,.......no thought not!
Glass half full .
https://www.reddit.com/r/EEENF/comments/1bzifle/eos_satellite_landsat_48/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button
Glam I have no issue with the delay (if they were upfront and don’t try to disguise it). My issues are more with management having a year to organise this and they started late, so now we get what appears to be a US$ 30 million reduced flowtesting program. 2nd I am annoyed about the diversification, we could have had fund for a horizontal instead of purchasing the under performing Longhorn and Namibia well it’s too early to tell.
So why post rampers increase prices?
Kodiak oiil reservoirs are probably allvlinke to one massive field. Similar to the massive Kirkuk and Shaikhan fields in Kurdestan. Gkp Gulf 0Keystone in 2009 discovery
showed that the Shaikhan -1 field was so big that all surrounding fields were linked and is now thought to be the size of Greater London It beganvwith 900mbs recoverable and finished at way over 13bbs and getting bigger.
Imo the oil fields ib Kodiak wilk get bigger and bigger with each update
Yes over 1 billion shares have been traded a few times recently. I know this was the case for at least the two highest peaks in the last couple of months.
I don’t see how results are delayed. They said they would be finished by mid April? I’m all for patience on this front given the predicted improvement in oil cut rates should they have had longer flow back on the SFS.
Kpasa - technically no, buyers do. However, many people get caught in the hype on this board and that can stimulate fence sitters to jump in. 88e is the type of stock that once your in, if you don’t know what your doing you get caught hold shares that in resent times have been heavily diluted.
Hi Mystic 20/20 vision. No news except results delayed until next week. Yes I would certainly expect excellent results from the SMD due to permeability.
Next week when we find out how great the result is, a run may occur. It will though take an almighty number of shares to change hands (my estimate 1 billion or more). This has been done a few times on LSE. More recently last month I think.
Redbeard
Rampers do not push share prices up
RBO, Bull, it seems you're leaning towards the negative, but let's consider the positives. Why label anyone with a positive outlook as a 'ramper'? After all, rampers are those who artificially hype up a stock without reason. In the case of 88e, there are valid reasons to be optimistic:
1. Despite recent attempts to discredit the stock, it's only natural for it to see an upward trend after such attacks.
2. The significant increase in percentage today by Panr, as anticipated, demonstrates the potential speed of movement in our shares. We're currently operating at just 19% of our all-time market cap, yet we're making substantial progress. This suggests that positive developments could have a monumental impact at this crucial stage.
3. With a major update on 88e's Alaskan exploration imminent, we're on the brink of a significant development.
Considering these factors, it's clear that there are multiple catalysts for a rise in 88e's value. The recent surge in Panr serves only as a timely reminder to 88e shareholders of the potential ahead.
Red, no news besides the update they just gave us on the SMD B.... which is what we were waiting for. Also, if you read the words used it's obvious they are confident about the next results. You must be blind or something!
Gman93: No news has been released for 88e today. The price is being pushed up by rampers. ASX closed at 006. Work out the LSE equivalent . PANR news has no bearing on 88e sp as the first flowtest result was 6 days ago and we are yet to see the next result. The flare in the video was excellent but related to the first flow test.
I agree that ASX % change should be ignored
I am posting negative to give perspective.
Brom 11:50.
"They would also need to raise there 2D estimates. And we assume fund all this.“
Should read 2U prospective estimates ( 280)
Alaska 2.0 = Namibia. - basically infers that Namibia is just starting out like Alaska did. Ie: limited work done, ordering 2D seismic & long way off drilling. Directors cash cow for more promises.
Sorry for delay in response
DYOR
The more attractive these fields are collectively, the more interest there is from 3rd parties for JVs or purchasing. Hence more investments from PI's & II's. This is why PANRs rise today reflects on 88E IMO.
I would strongly advise ignoring the ASX SP. These quotes of % changes are misleading as its generally "up 20% on the ASX" when it goes from 0.05 to 0.06. "Its down 16% on the ASX" when it goes from 0.06 to 0.05. The ASX tends to mimic the LSE and OTC after they have had significant changes.
RBO - I dont know whats got into you today but you really are to trying to make sure any positive for 88E is twisted into a negative. I dont value your insight nor I think anyone on else here should. As Brom mentions below, please provide some sustenance to your comments at 10:26.
Also firmly agree with comments regarding the positively anticipated news of the next results. Highly doubt management would put out this video to set themselves up for failure.
10:26
can you put abit of meat on the bones please re 2D and Alaska 2.0.
"They would also need to raise there 2D estimates. And we assume fund all this.
Alaska 2.0 in 3 years time May also be potentially a goer."
Hollybean. 11:12. The rise is due to PANR getting upgrade of resource and pumping. 88e has no reason to rise at the moment - That should occur next week if the market likes it. I assume the the price will drift back by end of day
DYOR. And I hope I am wrong
Stas20: 10:41. I have re read your post . You are correct and I apologize. I must have read it incorrectly or read another post and responded to the wrong one. Thank you for pointing this out.
I would just like to say,congratulations to 88e and everyone involved, in bringing this magnificent discovery to fruition a tremendous effort on all parts, may you all be well rewarded, and may the result be a benefit to everyone, have a good day.
Well if you see the great rise today in PANR on the back of their RNS, imagine what might happen here if we show flowing oil next week, this could be huge. Actually with the road so close maybe we can just pump straight into the trucks, lol
Well said stas, they don’t like it up em lol.
Looks like it, where has this come from 😂 not complaining we should be well above this!
Redbeard, do you have a short here, you seem to object to me placing facts here?
My post I placed that you seemed to object to,
"Looks like trade size is increasing, 2 back to back 3million buys @ .347 and .35 so buying now having an effect maybe."
Was indeed fact, and the 'buys now having an effect' seems to also have been proven as within minutes we jumped out of the range for a tick-up to 0.37 on the ask.
Honestly, I swear you people that like to come here and tell 88e shareholders how dire their stock is, when we have millions and millions in prospective resources, just flowed oil and are about to report on the SMD-B are just nasty. You really come across as those that like to watch others fail or get injured so that you gain an advantage, what nasty human beings you are when in reality there is more than enough to go round for all to enjoy, in-fact we should all be glad for each other, but you lot, well to be honest words fail me, but it seems to be the measure of people that exhibit extreme greed.
Beverley,
88e may eventually lift but to do this it needs 2 more drills, one a horizontal long term and the other to determine the length of the lateral. The latter maybe done through opening up Icewine1 and flow testing (if possible)
They would also need to raise there 2D estimates. And we assume fund all this.
Alaska 2.0 in 3 years time May also be potentially a goer.
IMO not with this management team though.
DYOR
Stas20:10:11
Yes your ramping is working - hope you can sleep at night
See our neighbours have reached to 40p so far today, wouldn't it be nice to emulate them....:)