The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Latest news
http://clients3.weblink.com.au/pdf/88E/02192904.pdf
BB32
Info from last year about Nordic 3 travelling speed ....
https://finfeed.com/small-caps/energy/88-energy-releases-winx-1-update-rig-now-mobilised/
BB32
Pbody,
Last declared list as Capital structure can be found here ....
http://88energy.com/capital-structure/
As you will see largely made up of Nominee accounts - largest declared individual with 40,409,367 Shares ,
Dave Wall will have more when his options and performance come into play.
BB32
Pbody,
Not sure I understand your meaning , the 88e wiki website was set up 5years ago and has been used by contributors of this site to post and store pertinent information found by the many nights of people trawling for information available on the internet that talk about 88e, Alaska, oil exploration , fracking etc to assist anyone in trying to understand what they are investing their money in.
RNS 's are obviously the correct sanctioned information from the Company and are found with other information on the 88 Energy Website.
The wiki site has also stored copies of videos of meetings at the Globe etc, and I believe Brom and others who set this up should be applauded for keeping this updated.
There are not many BB repositories containing such a wealth of info. It might pay you to read this then you may get answers to some of the questions you ask ( no offence meant )
BB32
Pbody,
The other 479m barrels are in areas b & c - theft have not yet been farmed out, but don't forget not all of these areas have have 3D seismic carried out.. There could well be more particularly to the east .
BB32
Locally ASX energy stocks as a whole, gained 1.7% on Friday, while Oil Search (ASX: OSH) gained more than 3.2%, Woodside Petroleum (ASX:WPL) gained 0.9% and Santos (ASX: STO) was up 2.3% for the day.At the smaller end of the energy market, 88E Energy (ASX: 88E) had a strong week finishing up around 20% and has now more than doubled in price since its October lows. The higher oil price has helped, as has news that upcoming drilling of the company’s Charlie-1 appraisal well at Project Icewine, on the Central North Slope, Alaska, is on track. 88 Energy announced last week that an ice road construction is about to get underway and the February-scheduled spud is proceeding as planned.Speaking of the Alaskan North slope, this is a region that increasingly looks to be coming back into favour and could be an area of interest for energy investors in 2020.In December, the US Bureau of Land Management’s Alaska State Office held its most successful annual lease sale since 2006, receiving US$11.2 million in bids for more than one million acres – a significant lift in interest from the prior year’s bids of just US$1.5 million.ASX-listed Alaska North Slope junior, XCD Energy (ASX: XCD) picked up four leases in the sale, while US oil major ConocoPhillips (NYSE: COP) and regional exploration pioneer Bill Armstrong’s North Slope Exploration LLC also gained significant tracts. Operators on the North Slope, such as these — along with the wider energy sector — are certainly worth keeping tabs going forward.
BB32
curtesy of Supersilver 21 on ASX
Fin feed article that was discussed recently-
Energy markets lift on US assassination of Iranian generalPublished on: January 4,
2020Financial market news was fairly light on this week as many people remained on holiday and headlines were dominated by harrowing tales out of Australia’s bushfire ravaged regions along with escalating US-Iran tensions. While trading volumes were low, the first two trading days of 2020 saw the ASX get off to a good start as China announced a new round of economic stimulus. This helped ease the pain after sharp falls on New Year’s Eve that led to the local market ending the week down 1.3%.Much of the ASX selloff on the 31st was due to the building tensions between the US and Iran, which escalated to a US drone strike near Baghdad’s airport that targeted and killed top Iranian military commander, Qassem Soleimani.The strike was approved by US president Donald Trump, say the US Department of Defence, in response to previous attacks orchestrated by Soleimani on American citizens across the Middle East.But, as described by Democrat Joe Biden, Trump in effect has “tossed a stick of dynamite into a tinderbox,” in a move that could leave the US “on the brink of a major conflict across the Middle East.”The response out of Iran suggests that the words of the democratic presidential candidate may be no exaggeration.Iran’s Supreme Leader, Ayatollah Ali Khamenei, warned that a “harsh retaliation is waiting” for the US, while defense minister, Amir Hatami, confirmed that the strike by the “arrogant US” would be met with a “crushing” response.Tensions between the two nations are now coming to a head, having been building since 2018 when Trump pulled out of the 2015 nuclear deal and reinstated sanctions that have since devastated Iran’s economy.But one corner of the market that is benefitting from the escalating conflict, is energy as concerns rise around possible disruptions to the oil supply.Brent crude jumped by more than 4%, hitting US$69.50 a barrel at one point on Friday. The spike can be attributed to heightened geopolitical risk being priced into oil, even though there has been no immediate, or direct, impact on oil supply from Iran or elsewhere.That being said, the way in which Iran responds could lead to an actual supply disruption.A direct attack is a real possibility, keeping in mind that the US blame Iran for attacks on oil tankers last year and for a September rocket attack on Saudi Arabia's oil industry that damaged key oil facilities and temporarily cut the Kingdom’s production by half.RBC Capital Markets predict that American oil companies operating in Iraq could find themselves "caught in the crossfire" from any further escalation in the conflict — increasing the potential for supply disruptions and higher crude and petrol prices
Cont'd
Nennyb,
Think last reported sale was 3.9pence, and as you say a lot will be happy when we get back there, the majority of the naysayers in the past on this site presumably flooded in on share tips ( oilmanjim maybe ? ) having not done the research and not having had any form of knowledge of what happens with Oil exploration got sucked into the instant win temptation of the aim casino, then when the price dipped and subsequently did'nt succeed sold out at a loss and hence acute criticism .
Obviously some will maybe wait till they have doubled or trebled their large buy in's for example £100k to £300k sell and then start ****ging the share off again , to try to get the price down( to buy back in )
The LTH on here know who they are ! As Jiddy said last night just waiting for them to turn up again in a new guise.
Be careful everyone what you believe, believe no-one do your own research....
BB32
Nennyb,
You will be quite correct with that statement, but not everyone will have the Ba..s to ride this to the magic symbol.
For example Lokking who has just joined and has confirmed he bought £100,000 worth today , cannot imagine he/she will ride all the way to the end, no doubt free ride with some but £7.6m if he/she did, as I said not many will be prepared to wait till end!
At last notified count by 88e I believe there was approx 8,500 shareholders, would be interesting to see how many there are now.
BB32
I don't say this to be contentious, but it a Makes a change from the doom merchants, we now have a ramper telling everyone ( 12 different boards since 19.50 ! glad you are on board, but most here already know the potential.
For all new investors looking in, be careful, do the research properly and only invest what you can afford to lose- read above below and between the lines!
BB32
This Can go Way past 2p in the next few weeks, if we continue with10% growth per day for next 8 days ( unlikely ! But you never know it could soon be 3p on a Wed! )
Everyone needs to dream and then be a realist, we all need to set our own get out plan,
Best comment from earlier the value of this is still the same as it was , the potential is exceptional nothing has changed .....
We were all being too optismistic about cracking Ice 1and Ice2 first time, we were unlucky with Winx , drilled under direction of others as where to drill. Most of big oilers didn't succeed 1st try either......
To clear up any confusion re T20 trades...
http://www.cfdsurvivalguide.com/cfds/trading-aim-shares
BB32
Pbody, not sure of your comments
''90,000,000 shares is 1.3% so if PMO bought in it would seem cheap if the results came good"
The unlisted options of 90,000,000 were disclosed in the half yearly report and accounts 04/08/2017
During the period the Company granted 90 million options to Directors and employees (as agreed by shareholders in the Annual General Meeting on 9 March 2017), which have vested and have an exercise price of $0.06, with expiry on 14 March 2020. The fair value of these shares was treated as a share-based payment expense in the Consolidated Statement of Profit or Loss and Other Comprehensive Income. The fair value per option was calculated using the market price of listed shares at grant date ($0.038). The total value of options issued was $2,020,772. The following inputs were use in the Black Scholes valuation model; Expected Volatility 110%, Risk-free interest rate 2.14% Time to expiry 3 years, underlying security spot price at issue $0.038.
In the 2018 annual report 5m unlisted options are stated for Michael Evans, 5m for Dr Stephen Staley and 20m for Dave Wall so the other 60m are for the other Employees for example Erik Opstead and others
Basically the 90m options have nothing to do with Premier Oil.
Comments please
BB32
The message certainly has got out there, don't know if this was a paid interview but good reading.
http://todayspaper.smedia.com.au/afr/shared/ShowArticle.aspx?doc=AFR%2F2019%2F10%2F30&entity=Ar04102&sk=0C8E8AC3&mode=text
Great to see all signed off officially, the reason Dave is in London, no doubt, he also fancies a beer,
I am disappointed I can't make Friday, so for everyone going enjoy, I will definitely make the next one, when hopefully we all have something to celebrate April time next year?
Let's see how ASX performs tonight...
BB32
Just a bit of reading as we approach start of ice road
https://www.akbizmag.com/industry/oil-gas/oil-season/
Interesting bits and pieces in this publication - see Accumulate Energy piece,
Then good article from COP about their ice roads
http://www.conocophillips.com/spiritnow/story/ice-roads-the-western-north-slope-s-frozen-foundation/
Better reading than Neptunian comments
BB32
V111JAS,
No announcements today, don't think any needed, the message is out there, good publicity , and investment market obviously likes closeness of starting ice roads, and drilling, backed up by the farm out ..
Think this will be a steady rise to where we should have been 4p plus, considering it got to 3.9p on sight of a few jars of oil, based on HRZ drill, 7 targets for conventional oil , and then checking info on HRZ as well, much better story this time....
Will be good to see where ASX finishes today.
Good luck to all
BB32