We would love to hear your thoughts about our site and services, please take our survey 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.
Hi mate. Not touching this mate or not at the moment anyway. SC55 requires some spend and the Alaska lease renewal is due later this year. Bandy has messed up and forgot about the strong cash position and the corporate costs are higher now with the new ceo. Nothing happening in 2019 here
you expect price to go sub 0.5p in the near term ?
Oilriches! you're back!
You gonna wack your £500k in here and double that to a mill in the coming years?
Point taken oilriches it's much the same as it does not buy an oil well. How much did they pay towards Winx?
That’s aussie dollars and not USA. Cash much lower than u think
About £4.2 million with the bond return
https://www.proactiveinvestors.co.uk/companies/news/217193/88-energys-exploration-partner-red-emperor-continues-to-evaluate-alaska-potential-217193.html
With £3m in the bank with the bond return, it’s hard not to see this going well below cash levels. I think this will probably drift to 0.4s over the coming months as reality sets in that nothing is set to happen in the short term
Personally keeping 1 eye on this for the same.. Not sure if to jump in on a punt, or a more serious long term holding..
Just to clarify, I'm a small investor.. My Punts are £500 - £750 and a more serious investment only £2'000 - £4'000 so no blowing smoke up anyone's.
Il be adding over the coming weeks to fill the bottom draw while we await further news on the plan & timelines going forward.
Bought a few yesterday going in bottom drawer for as long as it takes hopefully a good decision given this company's history
still got lower to go imo. will consider a few in low 50s or high 40s
Agreed...its a steal of a price if you have patience.
If they drill next winter this will bag a few times from this level whether they raise funds or not as interest and money flies in for another shot at the prolific North Slope of Alaska. So i have been buying loads around this level as any whiff of another attempt early next year will see 300-400% here in a heartbeat imo Well worth a punt here. In terms of funding, i'm very sure they would first announce there firm intention to drill next year with the other partners after further analysis of the 3d data suggesting a different drill location for Winx-2 then raise funds at a much much higher sp around 2-3p like last time then drill with an sp around 4p. That's how i see this panning out. Risk reward is amazing at this current sp if you have a bit of patience imo. They wont just give up on such a potentially enormous prize in Alaska. Still all to play for.
88e have confirmed the JV are doing further analysis of the existing 3D and could be news on that in the next few months. Plus there is currently a 'multi client' 3D seismic survey in process covering a large swaith of Oil Search / Repsol acres AND the Winx acres. So either a 3rd party is having a look at what Winx has or the JV is contributing towards the costs to re-evaluate what we have with up to date seismic tech. The previous 3D was done with older tech so was not as clear as it could have been. If the reprocessed old data or the new 3D (if we have access to it) shows up anything of interest they could look to drill at a different location next winter. Buying now and waiting 12 months for another crack at Winx could see 10 bags easily.
Will go up, just have to be patient.
…. nice to see the RMP dream lives on.
sure! i'll wait the 030 after the next pacing.... ATB
Imo we will be drilling winx2 in Alaska by feb/March next year. Just my opinion. The time to buy is now when the sp has capitulated. We are at cash value only. Rmp have stated in the last rns that the cash position of the company is very healthy moving forward and that they have a number of theories as to what went wrong with winx-1. They also suggested that a drilling location more updip could be better. Bring on winx-2 early next year imo.
Well I've been here since Puntland and if you look at the charts you'll see that prior to end of June '18 they hadn't been above 1.5 for nearly three years. So yes you may just double your money in the mid-term but the fact is this lot aren't pro-active and are far from dynamic. Winx fell into their lap.
Agree, RMP has money in bank.
I brought in mid 0.70p, just a waiting game.
Just as I typed my last post saw that buy pop up. Clearly I’m not the only one who sees huge value at the current bombed out sp’s.
Isn’t this the time to buy though, when the sp is pretty much rock bottom. Why wait till a new drill announcement or something material and have to pay 1p plus. I’ve found the best time to buy oil stocks is just after a duster. For example matd at 2p now over 5p. You just need patience. What do you think will happen to the sp here if rmp announce plans for a winx-2 well next year updip from where winx-1 was drilled? I think it’s pretty likely they will have another go in Alaska next year with 88e again, and we will be 2-3p against in a heartbeat. Then they would probably do a raise at circa 2p or something. Current sp is a bargain trading at cash levels. I’m sure substantial interest will return here soon, it’s just a question of when and having some patience. Money to be made from these levels imo if you are smart and prepared to wait a few months.
All at 0.65p, can’t understand why as there is nothing major on the horizon news wise.
RMP are all back out on the golf course. They won't be doing anything for at least the next six months so dead money here for quite a while IMO.
what news, which relates to RMP short term are you expecting?