George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
12:55
What's break even?
Everyone here has bought at different times may possibly be still holding shares bought during TPT days so break even will unique to portfolios.
We have not all bought in since the last RNS :-)
88 Energy Ltd
EEENF:OTCPK
delayed | Exchange | USD
Last | 9:53 AM EDT
0.0051 +0.0009 (+21.4286%)
Volume 17,095,423
https://www.cnbc.com/quotes/EEENF?qsearchterm=
11:44
Amazed you are so polite in your response to 11:32 :-)
Just wish posters would try to understand the buy/sell algorithm nonsense, if they can't understand the limitations of such a simple thing what hope is there.
11:44
No infrastructure in place for sale of gas at this time, proposed gas pipe is just that, been talked about for 30 years and upto date no one has been found to finance, not saying it will never happen but it would be brave to assume it will.
Proposed 800 miles of mainly buried pipeline will cost a lot and all sorts of logistical issues in Alaska.
"Testing operations are scheduled to complete in April 2024, with the on ground Alaskan team working hard to progress to this next stage as quickly as possible. Weather condition have been particularly challenging with low temperatures and high winds experienced during operations to date"
current conditions* look OK with winds at ~10mph and temp around minus 20 deg C.
* Prudhoe Bay
https://www.timeanddate.com/worldclock/usa/prudhoe-bay
10:40
There is a very basic algorithm based around mid price, your buy fell to negative of mid price and hence shown as a sell, suggests mid price may be a little high.
London Stock Exchange does not disclose whether buy or sell, its site such as LSE (here) that produce the analysis.
Only query would be why is mid price not more accurate, although could be difficult with a sub penny stock.
21:21
Subjects comment whether for pupose of trolling raises an important point that does deserve a proper response.
If we chose not to reinject gas into the formation then its not unreasonable to ask what the options are if formation pressure is insuffient to induce flow and whether those options would negate the whole concept.
I don't know what the answer is but perhaps some does.
11:33
Is there a cumulative position for EEENF shorts on OTC, have had a look at OTC site but can only see 14 day report which purports to show the TOTAL volume of shorts if I am reading correctly, which suggests cumulative volume of shorts is very low if not negligible.
https://www.otcmarkets.com/market-activity/short-interest-data
https://www.finra.org/rules-guidance/notices/information-notice-051019
"Finally, short sale volume data does not—and is not intended to—equate to reported bi-monthly short interest information. FINRA rules require firms to report, on a per security basis, the total quantity of shares held as short positions in all customer and proprietary firm accounts twice a month. FINRA publishes the short interest data for OTC equity securities on its website, while the data for listed stocks is published by the exchange on which the stock is listed. Although some websites redistribute the Daily File and refer to the data as “short interest,” it is not, in fact, the equivalent of reported short interest information.
Some market participants mistakenly conclude that the bi-monthly short interest data is understated because the Daily File reflects short sale volume that is much larger than what is reported as short interest. However, short interest data reflects short positions held by market participants at a specific moment in time on two discrete days each month, while the Daily File reflects the aggregate volume of trades executed as short sales on each trade date. Therefore, while the two data sets are related (i.e., short sale volume may ultimately result in a reportable short interest position), they are not necessarily correlated.
For example, if a firm sells short 1,000 shares of security ABCD, then purchases 1,000 shares of ABCD later the same day, the short sale volume in the Daily File will include the 1,000 shares that were sold short. Because the firm sold short and purchased an equivalent number of shares that day, it did not establish or accumulate a short position in ABCD; thus, its short sale has no impact on the reported short interest in ABCD."
11:23
At the moment there is no finance in place for a natuaral gas pipeline and there are lots of hurdles to jump before construction could begin.
My understanding is that any payback for PANR will be in the avoidance of having to reinject gas which will reduce costs of oil production, the gas pipeline company will take our gas "waste "effectively for free.
So its more about very worthwhile cost saving thans selling additional resource at this time.
Willow is projected to be a 160,000 BOPD per day at peak, its very unlikely that 88E ( even combined with our neighbours) will approach that sort of flow rate , agree that our location is much superior but we do need to remain realistic.
Developments in enhanced recovery may improve flow rates but payback at Willow will be relatively quick even taking into account pipeline and environmental costs.
https://static.conocophillips.com/files/resources/fact-sheet-willow-final.pdf
18:52
Sand hoppers are effectively truck trailers upended at 90 degrees, so it is quite possible that they are off site being filled for next frac or just sitting horizontally, see
https://www.youtube.com/watch?v=onp79bn5HUQ&ab_channel=88Energy
at ~2.00 minutes
10:27
AIM
RNS published on trading days between hours 07:00 - 18:30 hrs (final announcement)
https://www.londonstockexchange.com/news-article/market-news/final-announcement-released/16401410
ASX
see 22:57
Check out todays announcements on ASX & LSE
https://www.asx.com.au/markets/trade-our-cash-market/todays-announcements
https://www.londonstockexchange.com/news?tab=news-explorer&period=daily&headlinestypes=1,2&sources=RNS
We will not see anything before Tuesday (Sydney) or Monday evening (UK)
Well we can now see how the majority of the salaries saving is to be achieved with Robert Benkovic leaving, not sure what he has contributed but earnt a lot of dosh, like many here I question the levels of remuneration offered to Directors / Senior Management and their lack of share buy in.
23:43
"exploration " wells are allowed to flare off gas short to the short term *nature of most flow tests and the inabilty to reinject gas.
*Alkaid-2 long term flow test was allowed to flare.
I have no doubt that any flaring will still have to quantified and reported to AOGCC as with any "production" well.
https://www.akleg.gov/basis/aac.asp#20.25.200
As to no visibility of flares on satellite images, these are images collected at a point in time and are not "real time" so it is very feasable that the satellite has missed any flaring.
If I have read it correctly the revisit frequency of the Sentinel satellites is 5 days.
https://sentiwiki.copernicus.eu/web/s2-mission