Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. 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.
Redirons, wouldn't it be ironic if someone actually listened to LKhan and sold. Saved them pot of money ;)
If that’s the case - well done everyone who reported him for a totally misleading post designed to force sells.
Munnie, not sure where you got the 'unsure' from, always been a LTH of 88E and still see them as the best buy for a takeover.
I do admit to looking at PANR and will consider after the dilution coming and the funds to cover the debt have been shown to us all. They are playing it close to their chest so what is it PANR are hiding?
13:48
1 agree director's apparent lack of faith looks bad.
2 Not sure if GBP are too interested or able at the moment, the data from Hickory-1 will be of value to their existing
project. if 88E exited Alaska (Namibia takes off) then I am sure GBP would be interested in selected leases that meet /
enhance their strategic objectives.
3 Are you talking about the NPRA?
1 There been no directors buy why? Thay do not
Believe in 88e just here for the pay.
2 When flow rate was conducted they invited
PANR to witness it why ? May be sell 88e Alaska to PANR very cheap.
3 They know that they will never commercially get any oil , because US want to keep the reserves.
Been here a long time feels like a century
One day will be good again
18:26
I agree with your comments, posters have every right to air their opinions but one has to question what they are getting out it.
if you look at the main protagonists their ratio of posts is massively in favour of 88E v PANR.
Why so much effort, I do not believe it is simple altruism.
Quiet smells at the minute
Price: 0.1625
Sharebel,
You were promoting 88e as a buy well above 0.4p recently, and yet here you are >50% down even on that level saying the same things. Your clucking is becoming more frantic, it seems
Taximan since you feel unsure between 88e and PANR this is useful as a summary to help balance the issue at hand. Many keep making comparisons betweeen 88e and PANR, understandably. Especially as the SP is falling away here and rising steadily over at Pantheon on their excellent IERs and SLB Modelling
Sharebell you can always get you right ca you
A bit worried
Getting a bit for sharebell, he's going on far too much about naked shorts being exposed.
Sharebel
If 88e was the Titanic, you would be that one passenger telling everyone to remain calm because the iceberg is already priced in, and that now is the time to get an upgraded room.
See you at 0.1p
Lol my position in a moving market thanks to the unexpected fully funded for next 12 months placing is that my average is now circa the placing price! Living in your head rent free it seems! I also said the company should have raised higher but a short was used to bring down the price to negotiate the placing lower. Keep up! What do you MunnieMoron care about any investor here and their own positions here? I have welcomed the opportunity to gain more shares and a ridiculously low average as we go into the most transformative year for 88e from explorer to producer! Why would I take your advice to sell at barrel bottom 12 month ATL? I don’t run 88E or the markets but here and now it is a strong buy! Placing forward sold, no more cheap stock. MM leveraging to collect stock if you followed! Literally go away. Take your beer money spreadbet and sling your hook leave it to the actual investors! IMHO DYOR
Sharebel,
You were promoting 88e as a buy well above 0.4p recently, and yet here you are >50% down even on that level saying the same things. Your clucking is becoming more frantic, it seems
Taximan since you feel unsure between 88e and PANR this is useful as a summary to help balance the issue at hand. Many keep making comparisons betweeen 88e and PANR, understandably. Especially as the SP is falling away here and rising steadily over at Pantheon on their excellent IERs and SLB Modelling
https://www.reddit.com/r/PantheonResourcesPANR/s/amvgPtaAUp
DYOR
It is 16.40 for small amounts then to 16.49 to buy medium and then NT for large volumes lol. MunnieMoron at it still! No evidence of any large sells dribs drabs yeah let’s all get out at the bottom…or do we buy? There’s a conundrum! Naked shorts getting more and more exposed as placing stock forward sold last few weeks so actual reality is there is no cheap stock availability to clear that lot! News on JV partner farm out/buy out 25%, results and an interview coming down the track this week! Happy to buy and hold very tight thanks! IMHO DYOR
0.16p as expected. The selling continues.
Gobble gobble gobble... the clucking noises seem to be getting louder. Can hardly imagine the ruckus when the Sp arrives 0.1p, and then a consolidation rns lands. That will be a proper Christmas cracker.
Going sub-placing price in T-minus 2 days, and counting...
Well done to those who saw through the pump and got out.
Scot, you are more and more sounding like a failed Oxford debating society member.
As for 88E or PANR investment, all day long 88E but it would be a takeover not just a lease. 88E has potential elsewhere, PANR don't. A company that has diversification and income or a one trick pony with debt?
'I put it to you', sounds stupid and out of context right?
Sharebel
You keep repeating your fairy tales, populated with devious shorts, manipulating MMs, and any other crackpot conspiracy theory you can manufacture.
Reality is the share has dropped on poor flow results, and low cash, after being hyped to the moon, by posters exactly like yourself
Don’t forget that the placing stock has been foward sold over the last few weeks. There may be dribs and drabs left but that’s it! Don’t be fooled by the Oz fund shorting crew with their tag teams on here day and night with their nagative drivel diatribes on repeat even on weekends lol. Their agenda is clear to try and keep the price suppressed for as long as they can to cover their massive short! Why else are they camped on here. Best to ignore their pathetic nonsense and focus on our massive 2 x new commercial oil discoveries and the JV partner takeover/farm out to be announced soon as well as news on multiple project fronts coming down the tracks! IMHO DYOR
It must have taken you a long time to think that up Turkey boy now go and shove your munnie where the stuffing goes.
Calling people turkeys because they are invested here. Moron
@Scot 123
Spot-on re Sharebel. I couldn’t have put it better myself
[Part 2, continued from Part 1 below]
Phoenix: It is here that I observe most forum members harbour unrealistic expectations. I think it's a consensus view that it costs 88E circa US$25-30m to drill and flow test a well during a winter season(s). It takes external parties with deep-ish pockets to commit that type of capital, agreed? I'd suggest 88E shareholders think very hard about the following. Let's say there's an O&G company/wealthy Texas O&G individual/O&G specialist finance firm or fund who fancies having a swing in Alaska and has the capital to do so. Why would that external party opt to invest in the smaller in scale, downdip, lower classification, lower amount of data, questionable flow test result acreage v's the larger in scale, updip, higher classification, greater suite of data, declared commercial by management and Schlumberger acreage?
Being objective, I suppose the price to buy into the respective projects *could* be a key consideration? However, think about this further. In this scenario, a potential partner is looking at a cash investment of, say, US$25m to drill a well on 88E’s acreage. If an entity is looking to invest that kind of cash would they not wish to reduce the risk of failure *and* increase the upside risk if that were at all possible? I submit that an O&G entity would seek to partner with PANR ten times out of ten before thinking about partnering 88E.
Not because the potential partner doesn’t like the number ‘8’ or doesn’t fancy Ashley Gilbert. No, it’s simply because the scale and quality of PANR’s updip portion of the shared reservoirs are demonstrably superior by all geological measures – and the data incontrovertibly backs this up.
I challenge the forum to describe a realistic scenario where a party required to invest a minimum of US$25m would opt to partner 88E as opposed to PANR. I submit that not only is the absolute risk of failure too high for a potential partner to even consider farming in to Phoenix (following the flow test results) but that *any* potential farm in partner would opt to invest in PANR’s updip acreage over 88E’s downdip acreage in every single scenario I can envisage.
Delighted to read any thoughtful responses to the above. /end
26/4 @ 20:05 & 16:50
HandspringGuy and Brom - I found myself in agreement with both these posts. Absent a farm in deal which ushers in a drilling program, I agree with Brom that shooting the 2D seismic in Namibia is unlikely to be seen by the market as a viable catalyst for SP appreciation.
Brom - I note your sentence "Company has forecast net inflow of US$3M at Longbow, which I assume is after workover costs." Would you please point me towards this formal guidance? I don't ever wish to misinform so want to be clear on this matter. Also, is it safe to "assume" this figure of US$3m is *after* taking workover costs into account? Also, how have you accounted for 88E's share of the proposed drilling two new wells in H2'24? TIA.
Let's now examine logically the farm in prospects for 88E's Alaskan assets.
- Umiat: zero chance. It was discovered 70 or 80 years ago and there's a reason it's never been a viable project ever since. Combine that with the hesitance to exploit further the NPRA and the answer is obvious.
- Peregrine: zero chance. It's also stranded and the drill results from Merlin-1 and 2 are sufficiently underwhelming to make it an ultra low priority for anyone apart from Conoco, sometime in the 22nd century.
- Leonis: I've always said it looks interesting. Might Armstrong wish to have a look at acreage west of the Dalton? FWIW I reckon Leonis has the best chance of attracting a farm in partner. Any potential partner will have to provide all the capital, analysis, design work, etc, etc so it'll be more of a case what dilution 88E will face. Looking at the other players in Alaska and their proposed programs of work, I have difficulty seeing a well drilled at Leonis before the 25/26 winter season, at the earliest.
Icewine: mmaaaayyyybe if the gas pipeline is constructed it *might* be of interest to somebody, but not for *many* years if at all, IMHO. If PANR's Kodiak acreage moves into full production then that would perhaps help?
[Part 1, see above for Part 2]
Down 25% on ASX.