Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
14:03
Not sure where you got that US$30M flow test from, the last figure issued by 88E as far as I can see is ;
Project Phoenix: Hickory-1 Flow Test
"88 Energy has a 75% working interest in the Hickory 1 well located at Project Phoenix and will fund the ~US11 million (plus contingency) flow test program with funds in bank."
Of course the reality may differ but at this point in time that is the estimate from the company.
https://clients3.weblink.com.au/pdf/88E/02790279.pdf page 75
14:31
Don't think I have ever come across such a definition for a rise.
Check LSE home page "risers", % goes well below that "15%" watermark,
https://www.lse.co.uk/share-prices/risers.html
Are you still holding shares here? because if you are you must be something of a masochist based on your conviction post at 14:34.
10:26
can you put abit of meat on the bones please re 2D and Alaska 2.0.
"They would also need to raise there 2D estimates. And we assume fund all this.
Alaska 2.0 in 3 years time May also be potentially a goer."
13:46
I did not think I made any negative remarks about PANR, merely that the many of the potential negatives applied to 88E also apply to PANR and will have to be tackled. Plus it's definatly not untrue to state that PANR have had the unwelcome attention of the shorters .
I just do not agree with the very black or white picture painted by a few.
Alaska is a hard and unforgiving mistress and nohing is a given, plenty of companies discovered oil and never gone beyond that stage eg. Mustang Oil , if you went back through my past history you would see that I have probably erred more on the side of caution for quite a while.
11:18
If the PANR model is so good ( as we keep being told) why do the same posters seem to feel the need to come on to this board to knock 88E, the tactics employed are very similar and often resemble that of the shorters that have plagued PANR.
Remember the assertion that the flare pic was fake, based on the very spurious assetion that the MOBILE sand silos were not in the picture .
As for gas PANR have issues of their own hence the latch onto the "proposed" North Slope Gas pipeline , we do not yet know for sure what our gas ratios will be but like PANR we (or our buyers) will have to deal with it if Production becomes a reality.
I think that you make a valid point regarding the number of shares
07:12
Not sure what updates you expect on other projects;
Namibia next move is 2D slated for mid year, hardly a share mover.
Leonis possible farm in - due diligence ongoing , plus initiatial maiden prospective resource analysis ( completion H1-2024)- if anything happens that we can be told about we will be.
Texas - unlikely anything happening there will be sufficient to alter market perception.
We just need to be patient.
Weather conditions (Prudhoe Bay) remain relitively good, certainly better than at at beginning of ops when sub 40 deg C.
day length now in excess of 15 hours
https://www.timeanddate.com/weather/usa/prudhoe-bay
12:06
https://88energy.com/investor-enquiry/
or
AGilbert@88energy.com
Always worth a trial subscription
https://www.petroleumnews.com/pnfp.pdf
https://www.petroleumnews.com/
17:27
Just people who have allowance to utilise choosing to invest in 88E on the basis that potential high gains will not incur tax, we could also see people selling 88E out of trading accounts and then buying immediately into ISA accounts prior to end of tax year
17:11
There was a trade at £0.00329 but that was too late late to impact the closing mid price that will be our opening price tomorrow. Shown as ;
Previous close price / date
0.36 / 04 April 2024
It may be that that after opening tomorrow there will be an initial impact on the mid price but who knows, the London Stock Exchange used to give more information on transactions so that an assessment could be made as to whether an impact may be likely.
17:00
Opening Price tomorrow will be 0.36p, that will be the figure used to calculate % gain or loss.
see
https://www.londonstockexchange.com/stock/88E/88-energy-limited/company-page
Google Finance just quotes last trade
16:43
Are you asking what an ISA is ?
"A Stocks and Shares ISA, also known as a Self-Select ISA or Investment ISA, is a savings account that lets you invest your money and avoid paying UK income or capital gains tax.
Once you've opened an account, you can choose to invest in funds, shares, bonds, and other types of investments. You can withdraw your money whenever you need to, and you can contribute up to £20,000 a year - this is the maximum ISA annual allowance."
UK Tax Year finishes 5th April so for those with allowance left in this year they can use up their allowance to avoid tax on any gains made.
Some brokers offer "bed and ISA" schemes to enable transfers of shares from trading acconts to ISA accounts often at better terms than straight forward trades.
If on the 2nd April (probably situation on 1st) we were still preparing for the flow test then if ialready completed now it has been a complete failure, the zone had to be stimulated, frac fuid injected before flow back commenced,
UFSF flowed for 4.6 days.
The company has advised ~7days per flow test, we had no leaks on the UFSF so why begin now.