Member Info for BigBear2

First off it’s great to see the bod coming out punching..

But the peak flow rates were at minutes rather than hrs and surely a JV partner would want to see a consistent flow for a least 48 hrs or so before ponying up cash

It’s really poor tbh how this has been handled they better get a shift on with the placing as price us getting silly now

I v

Personally I think the unecessary wording in the RNS has caused this mess without the mention of financing the rns was at worst neutral

Now the market is expecting imminent dilution that will be at a discount to sp

It’s the mention of the 14 million market is immediately factoring in dilution

First well flows at 70 bopd spikes to .43

This well flows at 50 down to .25

Some consistency in sp reaction to similar news would be good!

No idea why he felt the need at this point to state the cost of a horizontal?

Traders betting it’s end of next week May surprise a few if we get another ANN on Sunday…

As I said yesterday it’s no secret that PANR our neighbours we are collaborating with are further down the liane than us.

But there is the bond to clear (no idea why they don’t just do an equity raise to wipe it as it’s not huge) then the more significant cases of getting those horizontals down flowing and into production which will involve debt and no doubt some equity.

88e is at this point a ‘simpler’ investment as we are on the cusp of hopefully flowing another zone and production (and the expenses that go with it) is some way down the line.

Both companies neighbours and with great potential but at different stages in their development and proving up the assets.

Few could get caught with pants down here, flare/gas plumes can appear any time on Reddit…..

I am the only one that finds it somewhat bizarre there is a war going on with some posters on PANR v 88e when the 2 companies are actually collaborating as we speak?

Yes PANR have more oil but 88E have no debt.

Apples and oranges but much like a discovery in Namibia what’s good for one company is good for the other!

Last time a flare pic came out over the weekend followed by RNS (ANN) on ASX;

Zone already flowing at PANR so massively derisked….

Could be a very tasty week next week, also, expecting some bullish announcement on the unquantified NGLs that flowed in the previous zone

Personally I think the drop was simply to get the London price closer to the aus.

Expecting a rise into the weekend as this zone has already flowed next door, should easily breach 0.5 this time on positive results and from a higher base…

Very bullish twitter post from 88e I thought….

Loading up

Moving back up

Just done same

88e did advise on bad weather, so looks like results back end of next week.

What’s going on here great news today but appears to be a large background seller??

Pay for premium

All depends if any bidder thinks our legal case has teeth, if it does we may see a fair value bid appear to make it go away, not holding my breath though

6v1 now so should tick up soon