Member Info for Brombarb

08:46 So the confirmation of the completion of Umiat Working Unit purchase conditions is not of interest

Highlights
• Sale and Purchase Agreement executed to acquire the Umiat Oil Field for consideration of:
o 4% overriding royalty interest (ORRI)
o Assumption of liability of abandonment of two historic wells (at an estimated cost of
~US$1m)
• Umiat is an historic oil discovery, made in 1945 in shallow Brookian (Nanushuk) sandstones,
located immediately adjacent to southern boundary of Project Peregrine
• The Umiat-23H well was flow tested at a sustained rate of 200 barrels per day with no water
in 2014 by Linc Energy (max rate 800 barrels of oil per day)
• Gross 2P reserves independently estimated at 123.7 million barrels of oil (94 million barrels
attributable to 88E’s 76% net revenue interest) by Ryder Scott on 1 December 2015

and just a few miles away from Merlin

19:44 How are buys / sell identified within your software , I assume the data is purchased via the London Stock Exchange.

Buy or Sell?
"The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.
Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled ‘N/A’. "
Timing of publication as does the veracity of the mid- price becomes critical.
As both transactions are within seconds of each other how can that explain them both being "sells"

19:42 no problems, best wishes to you for a successful conclusion to your strategy :-)

19:27 I assume that you have top sliced at some point to achieve that "free carry" or did you get them in a cornflakes package ?

19:15 or illiquidity ( when you want to sell) in the case of AIM

19:02 well done, been fishing today so had a break for most of the day away from here and temptation to do any buying or selling.

19:01
Sure the OTC market has been a massive impact on share volumes thro. AIM & ASX , at the moment the SP movement has meant that day trading success has almost been guaranteed for those prepared to play which has also increased that churn, why 88E was selected for this treatment I have no idea, but I am very appy.
5 business days until new tax year, wonder if it will impact or whether indeed 88E will be flying still then.
All very exciting :-)
Stay appy.

18:52 how many are sleeping in that bed :-)

I suggest 1 is a sell & 1 is a buy based on trade price, repeating the pattern of these big trades that have appeared at or near market close.
No trade flag so looks as if trades happened at the time stamp!

tradeTime currency price volume tradeValue type micCode tradeType
2021-03-30T15:50:32.083 GBX 2.518 25000000 629500 Off-Book AIMX
2021-03-30T15:50:28.837 GBX 2.68 22906887 613904.5716 Off-Book AIMX

Please just look at the price.

02:26 Good Points mikemike

698.1M (5.58%)

4.3c = 2.38p

ASX (close)
4.3¢ +22.9%
VOLUME 438.3M

Chi-X(close)
4.3¢ +21.4%
VOLUME 259.8M

21:09 since when has a well on US soil been in metres?

20:00
My comment relate purely to that Alaska Journal article, which seemed specific to heavy oil and not bitumen.

18:37
I agree with the broad thrust of your post, if the "magic Calculator" could not do it then what chance have us as mere mortals .
:-)
http://www.cse.yorku.ca/~peterc/difference_engine_1991.jpg

exceptional times
A link that may prove useful

https://www.tradinghours.com/markets/asx/hours

18:03 I plead guilty to utilising the DYOR but I certainly can not take any credit for it's invention :-)
I totally agree with your comments regarding DW, it always seems to me to be the cheapest (and most inaccurate) of shots by those with axes to grind and disingenuous persuasion.

17:41
https://www.alaskajournal.com/2021-03-17/heavy-oil-study-finding-success-slope
But you have to get that definition of "heavy Oil" which is not bitumen.
https://www.petropedia.com/definition/38/heavy-oil

16:49 between now and the results (or whatever) there are opportunities for those with big lumps of cash to make a small fortune, at the moment they probably do not have to hold more than a few hours and they are not posting here what they are doing, not many other shares showing the daily rises we have been seeing.
Remember that the shares in OTC have originated in AIM or ASX so brokers may be trading huge amounts.
But who knows.

16:13
Avi
If one is sensible, those chairs could be quite high and the floor hard :-)

16:09 you never invested back into here then?
:-)