With the acreage we own in Alaska and we know there is oil there but unsure if it is commercially viable or we can get it out the ground. Does anyone have an idea what the buyout cost of 88e would be ?
Top 6 shareholders own 25.47% of the company James Mellon 21.09% Jamie Alexander Gibson 3.77% Dimensional Fund Advisors L.P. 0.29% Stawell Searle 0.17%
Totally agree Wolves but for a CEO the make a comment in his RNS on 3rd March doesn’t sit right with me. I am here to listen and be guided by my CEO. DW’s comment in 3rd March 2020 RNS. “A prospect of this calibre in a frontier region requires significant time and effort to come to fruition and we are optimistic that success is just around the corner." To put this out is not right. If he had positive news then yes but he had now we know he had no news. He has written a number of poor RNS at crucial times and they haven’t helped the shareholders.
Dave Wall CEO DW’s comment in 3rd March 2020 RNS. “A prospect of this calibre in a frontier region requires significant time and effort to come to fruition and we are optimistic that success is just around the corner."
3rd of March 2020!!!!!!!!!!!!!!! Optimistic that success is just around the corner.
From Docmin24 on Hotcopper. Exactly. Ask oneself why did 88 email and waste funds using 3rd parties to canvass and harass holders to support the company, IMO they were concerned. Again imo 88 would have know that this well was in serious trouble and destined to be a failure imo early to mid last week at the latest. It's not as if they had a complex task of processing and analysing multiple oil data as every layer had nothing in it and 1 had gas which they can't test.
Then they released this duster to the market and Premier walked big statement, of course they would have had days of discussions, this whole process has been misleading, deceptive and manipulated to benefit 88 The timing confirms my suspicions and doesn't add up to me all imo of course I could be wrong.
DW comment on Jan 2020 Placement” We would like to thank our advisers and shareholders for their continued support as we enter into this critical phase." Well it was critical and we failed.