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1/5 @ 10:55
Hi jaffas - agreed ref. director lifestyles. I continue to be flummoxed by the passivity displayed by practically all forum members when it comes to 88E management's refusal to invest a single Aussie dollar in any fundraise since Ashley Gilbert became MD in H1'21 [apart from Dr Staley, but small absolute dollar investment]. It's all the more puzzling because so many forum members find it remarkably easy to post all sorts of flowery invective at olderwiser and me!!
I wholeheartedly agree with you that 88E is not going to be in a position to drill an exploration or appraisal well for the foreseeable future. In fact, I suggest 88E has drilled its last well in Alaska as an operator. I'd go further and suggest that unless Leonis attracts an external partner within the next 4 months, any drilling on 88E's Alaskan acreage will not occur until January '26 at the very, very earliest. For those E&P investors looking for a big impact event to act as a catalyst for the 88E SP, then I fear they are in for a very long wait indeed. And, no, drilling two new production wells in Texas doesn't count!!
There are some on this forum who appear content that the company has raised sufficient capital to keep themselves going for the next 12 months or so. Ok, fine. Let's say the two new wells in Texas deliver on management guidance such that 88E exits CY'24 anticipating a net annual dividend of US$3m from Texas. Forgetting for now the likelihood 88E will have had to use the debt facility to drill the two new wells, an annual dividend of US$3m will allow 88E to stand still....and that's really about all shareholders can reasonably expect without further corporate activity.
If anyone on this forum is expecting a potential farm in partner in Alaska to deliver to 88E anything other than a massive dilution (to the assets) and therefore tiny W.I. percentage then I contend they're being incredibly naïve. Going further still, if anyone expects a future farm in partner in Alaska to pay cash to 88E in recognition of back costs then I want what they're smoking!
1/5 @ 15:00
Dear, oh dear taximan57. I note you're still having trouble comprehending the E&P sector; still having trouble comprehending the distinct investment cases of individual companies within that sector; and definitely still having huge difficulty in comprehending how E&P stocks account for cash spent on activities and how the results from those activities can add or subtract value in the company's equity. Yikes!
Taximan57 - when a company doesn't yet produce and sell its oil/gas and yet is active in the field drilling and flow testing wells then how on earth is that expenditure going to be accounted for other than by declaring a headline loss? I've got to ask, are you intentionally posting facile content or is it an added extra?!
Blah, blah and more blah, likes the sound of his own voice while saying so little :-)
Wish they’d take the dug for a long walk on a short pier lol 😜 it’s a exploration company not a producer they’ve found oil and I’m sure there’s activity behind closed doors await and see what un folds all this war and peace conspiracies crap 💩
Scot, I actually read one of your posts and nothing you have said is factual? Are you using ChatGPT to try any make yourself seem smart?
Plus you are writing under two aliases! Not cool dude!
How’s PANR doing?
You’ve got him taped 5laws - laughable!!
Remember all, Scot126 and Olderwiser is the same person! Both reappeared at the same time again. One posting here, the other on PANR. Only these 2 posters start posts by writing "part 1, part 2". This poster logged into the wrong account over on PANR this morning haha. All the hallmarks of a Scot126 post, posted as the alter ego Olderwiser. Both only post on 88E and PANR, in roughly the same proportion! The evidence is overwhelming.
This poster has been well and truly rumbled. Reported to Admin for operating duplicate accounts!
Triumph1
What foolishness is this
I am not Scot, this is well known, ask Brombarb
I live in the South pacific zone, first started posting on Hotcopper, as an 88e holder in 2015
Yes I did learn to use Part 1 and 2 from observing Scots posts, as it puts posts that exceed the word limit in the correct order for the reader, brilliant eh
The evidence is truly underwhelming, as the conclusion is entirely incorrect
Posters like yourself, take the cake, your investment has been a disaster, you were gifted all the information you needed to avoid the loss, and you think people should still respect your judgment
18:53
I do not believe that Olderwiser and Scot126 are one and the same.
However is your last paragraph fact regarding triumph-1's investment here?
Certainly at odds with his claim
" Full disclosure: I sold on results day at 0.405 as that was always my strategy here from the get go."
Based on his posting history bought in during February at a lower price.
So if above accurate no loss rather a gain.
hi scot..oops olderwiser i meant.
well we werent exactly expecting you to admit it now were we. wasnt it you that was accusing another poster over on panr of being a reincarnate poster, based on the single anecdotal evidence of "similar writing style"? now now, lets not be a hypocrite. there is far more evidence to believe you two are the same. your posting style, format, the fact that you post at the same time, disappear and then reappear in tandem, you only comment on the same boards, roughly in the same proportion. anyone with a scrap of nuance would be highly suspicious.
ahh and on the subject of judgement, and your very poor one regarding the flare photo and your investment into panr, which lets face it has been just as disasterous as here. you would know all about poor judgment. and now you can add lack of research to your ****nal of misinformation and poor judgement. seems another pattern is emerging.
its clear for all to see, i have never invested in 88e, but only traded it. my intentions were crystal clear for all to see from the very beginning; i even commented that i was here to purely trade into flow results. and very susessfully traded may i add. go take a look before making silly inaccurate conclusions and smearing other posters with lies! have you not learnt your lesson yet, or do you need yet another poster to show you the error of your ways like brombarb just has? and you expect people to respect your judgement?? you are very funny.
i am willing to take brombarbs comment into consideration however. this poster has been here longer than all of us, so if this poster doesnt believe you are the same person, then perhaps the jury is still out on this one.
you see, i can actually take others thoughts into consideration. another thing you and scot have in common; a completely unjustified arrogance and the deep rooted belief that you know better. go log in and take a look at your stock account...the big red number on the top page. theres your reality check!
when scot was asked by another poster to post panr losses compared his gains in trading, predictably there was silence. scot didnt manage to get back to them on that one. so i will now extend the same courtesy to you. do you fancy doing what your alter ego couldnt do? lets see whos judgement has more value for all to see shall we? because money talks, the rest is just bs.
Triump1
The jury is not still out, the verdict is in and is clear
Olderwiser and Scot are not the same person, you really should apologize, for your error at this stage.
Also clear you were in for the annual fleecing of the gullible, not a long term investor, thanks to Brom for pointing this out, and his adjudication on the multiple account false accusation
I will now modify my last point
"Posters like yourself, take the cake, your investment has been a disaster,"
To
Posters like yourself, take the cake, the investment has been a disaster, for those that followed the pumpers agenda
Worth noting the pumpers have now mostly evaporated like an early morning mist, only a month or two ago investors could not see the ground beneath their feet, on account of the sheer volume of misinformation swirling in front of their eyes.
Do you ever feel remorse for those who you always new would be losing here ?
To be fair Older, there were two sides infiltrating this board and both have mainly evaporated. Neither belonged and neither were welcome. I know you were added by a few on here as a deramper and I may have agreed but for the fact you did educate without belittling, unlike Scot who was a narcissist who did not hide the fact that PANR was his baby and nothing was better. Many spoke about his mental health and overbearing posts which often exceeded the word max but all I could see was a god like complex thinking that he was helping people and I truly believe he actually thought he was, hence the mental comments from others. I hope he finds peace now that he has stopped writing chapters of his self obsessed book on here.
I have to say it is nice not to have to read through pages of posts of nonsense, mainly from derampers, but strangely miss the interaction when some just could not help themselves and had to comment with little thought of the consequences.
Maybe now that both 88E and PANR are struggling share price wise we can all enjoy the peace and quiet, at least until one finds a partner.....