Member Info for Bridgedogg1

I can see the RNS now.............

Update - Completion of Farm-out and winx 1 update

88 Energy are delighted to announce....

Not beyond the realms of possibility

Surely a Conventional partner would want (and get) a look at the HRZ data before signing up.

IMO Would rather keep the unconventional for the billions it will pay a few years down the line rather than the £80m we would get for it now

You are right, I just missed that on my first read and got excited

The HRZ shale remains prospective and will continue to be a focus for 88 Energy in order to unlock its considerable value for shareholders, with ongoing studies and analysis at year end expected to be complete in 1H 2019 ahead of commencing an unconventional farm-out campaign.

Farmout for both conventional and unconventional in 2019.......

After a year on the sideline the time is right!

Chance for success at winx is 30%
Change of a good farm out I estimate at 70%.

Putting it together that is a 100% chance of success? :)

Looking at the recent cash raising £1.5m from HH should go a long way to preventing further placings.

Any views on the chances of no farm out agreement? The RNS seemed positive and indicated multiple interested parties but most of us have been disappointed before waiting on this type of 'in the bag' news from an oilier.

Where do your projections come from? Currently losing money and according to your valuation the company should be making £11m-£15m per year?

Bad luck guys. That really sucks.

"According to FT, The 2 analysts offering 12 month price targets for XCITE ENERGY LIMITED have a median target of 32.50, with a high estimate of 46.00 and a low estimate of 19.00. The median estimate represents a 2,017.26% increase from the last price of 1.54." Gotta love it

Well at 20200 bopd thats $150+ profit in one year. Assuming 15000 bopd with some downtime - 13000 bopd for 2017 @ $25 profit per bl thats around £100m income for the year. Considering this is a low ball figure with rising POO and additional workover for wuick turnaround that would say to me a reasonable mcap of £450m (including geopolitical risks) share price of £2.90!!! Not even invested here and I sound like a ramper. Hopefully be joining you all soon with profits from elsewhere but looks like the cat is already out of the bag..

That's what me research tells me. Can anyone confirm?