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LGraham and stockdale - stick to your guns if you want, I simply don't care!
You can dress it up how you like jiddy. It was a failure!
We both want success in here obviously, you just dont like a more neutral approach to 88e.
So we're producing oil now are we jiddy? No. Therefore it was a comercial duster. Black is not white.
I am NOT denying that LGraham, me included, however it was simply NOT a duster!
I will ask you again, why is a soft FO underway and why are they including the HRZ in Charlie 1?
Sorry Jiddy Icewine made alot of people money, and sp rocketed :-)
Placing shares at 1.1p still churning through. 7-10 days and they'll be gone IMO and we should then be able to see a truer market for 88e. The brakes will be off
You just don't get it do you LGraham - Icewine was NOT a duster, and I am astounded that you would post that!
Have you done any reading or research at all before investing? If it is a duster, then how can a Soft FO be underway?
Conversation over!
past news look up the SP.
10th Feb 2016 4:35 pm RNS Price Monitoring Extension
10th Feb 2016 7:00 am RNS HRZ Play Further Derisked
27th Jan 2016 7:00 am RNS Quarterly Report
20th Jan 2016 7:33 am RNS Icewine #1 Core Evaluation Update
29th Dec 2015 7:52 am RNS Icewine #1 Final Drilling Update
21st Dec 2015 4:35 pm RNS Price Monitoring Extension
21st Dec 2015 8:25 am RNS Icewine #1 Drilling Update
9th Dec 2015 8:00 am RNS Icewine #1 Drilling Update
27th Nov 2015 10:39 am RNS Grant of ASX Waiver
24th Nov 2015 7:00 am RNS Icewine #1 Weekly Drilling Update
23rd Nov 2015 10:13 am RNS Share Purchase Plan
20th Nov 2015 7:54 am RNS Oversubscribed Placement to Raise $3 Million
18th Nov 2015 7:00 am RNS Weekly Drilling Update
13th Nov 2015 7:09 am RNS Drilling update
30th Oct 2015 7:41 am RNS Result of General Meeting
29th Oct 2015 8:29 am RNS Quarterly Report
22nd Oct 2015 7:54 am RNS Permit To Drill Approved
19th Oct 2015 9:31 am RNS Permit Progress Update
reporting via RNS is a bit "variable" as to what people expect. As to is SP movement.
Are you referring to Icewine 2 (HRZ)?
Think many did not look back at Winx SP history, just expected an unending rise from December levels up to spud, sure the CR had an impact but we do not know how much, some thought we would see 1.5p at spud, some thought more, some thought less.
Ultimately had we not raised cash some of those doubters would be saying that they had worries in case of a disappointing result at Charlie-1, the bashers are always looking for angles to try encourage others to sell, its just a fact of life.
For those of you intent on disruption and sabotage, we will NOT give you the time of day. This share will rise or fall on the fundamentals and sentiment alone. For those of you with a nervous disposition, or for those that are slow on the uptake, here are the fundamentals:
* Alaska has become a hot spot for major oil and gas players
* Charlie 1 or Malguk 1 - Appraisal NOT Wildcat
* SEVEN stacked prospects
* A deal three years in the making
* One of the largest drills in 2020
* 1.6B barrels - 480 net to 88E
* 3D Inversion
* PMO Partner after months of negotiation
* PMO to fund drill up to $23M
* Spudding THIS WEEKEND
* Total conventional potential resources currently mapped at the broader Icewine project in excess of 1 billion barrels net to 88E.
https://www.energyvoice.com/promoted/225337/charlie-1-looms-as-potential-company-maker-for-88-energy-articleisfree/
If you are unhappy with the 50% COS assessment, then LEAVE WELL ALONE!!! This is NOT for Widows and Orphans LOL!!!
Be lucky.
Jiddy I wasnt invested for icewine as i said, as post below says , commercially a duster.
People lost money and probably lots of it, thats the bottom line. Im not deramping, im just saying it how it is.
We are going backwards currently
Optimism is fine. Changing the historical facts is not.
The Icewine drill did not produce commercial oil. That makes it, commercially, a duster. The resulting closing of the drilled well and fall in the SP is evidenced of that. If they reopen it later and use the data for future information then fine, but it did not happen at the time. Stop trying to change the facts. We lost money on the subsequent fall in the SP.
Why did you say that Icewine was a duster? That is simply untrue!
If you were invested, then you would NOT post garbage.
Jiddy im still here from 0.92 bud! I just dont have rose tinted glasses on.
Market doesnt like 88e currently, red daily.
is this overhyped? Im hoping not, the drill bits going to decide. But we are going backwards unfortunatly.
Who knows about the market pricing in. Not sure I can agree. Late Dec 1.50pps almost...expecting it to climb. Some if not all believed we would have updates on rig/iceroad.As I said look outside companies and 88e for 1991 answers. There was a middle east air show going on at the time. I would expect news the rigs arrived. And if it turn up in an ANN tonight. I would say 88e is kicking it's heels when it comes to the LSE. TBH.
08:54 Think we will see oil shows before 5000' and that is all we needed to say on the Winx drill to get some real excitement, if you do not believe check the interim report last March that moved us up 12%.
https://londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/news-analysis.html?fourWayKey=AU00000088E2GBGBXASQ1&page=3
It is patently obvious that you have sold out LGraham, with all of your recent baseless deramping comments.
The white noise continues to flood this board - if you don't have any patience then sell up and cut your losses. If you have no intention of investing here, then go and be a nuisance somewhere else. Some of us will make some serious dosh.
Shape up or ship out - I agree with V111, this board used to be a pleasant forum for intelligent researched individuals.
I think alot of investors will wait for indigo news, hoping its bad news and get in cheap for the torok! Just my opinion, otherside of the coin , they are paying alot more if indigo comes good.
Even tho the torok is main target , the market will hammer the sp for a bad indigo. Thats aim for you
So we had the SP at 1.4p to 1.45p early to late January and in mid February. We now have the rig on site at an SP of 1.16p and we think that is 'priced in' to the SP?
Also don't forget 1991. Minor oil crisis. All eased within a year.
The market already knew that rig is on-site, and it's priced it. Now, need patience for a drill update. Outcome from each zone will dictate next share price movement. Can't see much movement prior to spud.
08:23 have you looked at the well data, have you looked at Premier Oil's last half year presentation, would PMO be investing US $23M if they did not think that there was a good chance of success.
BP drilled in 1991 based on 2D, for what ever reason drilled non vertical (well location not correct) and encountered mechanical issues that meant had no time to flow test prior end of drilling season.
PMO have 2 Non Exec Directors ex BP with experience of Alaska sure they know a good deal when they spot it.
So the rig is now on site. Is the market bothered? It would seem not.