Member Info for cbaron

Kick one 'believer' and they all fall over feigning injury.....priceless!

02.13

...and so you'd be happy to lynch the non-believers and hang them on a spike created by misinformation?

Blackadder,

It really isn't a stress and so please don't concern yourself on my behalf. Merely seeking to set the record straight.
Thank you for the explanation.

I'm not a motivated deramper, by the way. I sold at what I though was a spike and it proved to be so. I do not see a re-entry point at the moment and I, like others, query where the results are going. the last drill is on record by the company as not being a huge success and they ran out of time and early indications were, in my opinion, questionable with much more exploratory work required. I would be concerned if others were naively drawn in and spiked as I was some time ago, back in June 2017 (check the charts) at almost 4 pence and for a long time.

Time will tell. I do wonder about the vocabulary being used. 'Imminent' clearly means something different in OZ. Perhaps they are working in relation to geological time? We can expect the results within the next 10,000 years ;-)

I am convinced by the potential of the company, but to achieve a sustainable re-rate, which I'm sure will come eventually, we need much more information. The company acknowledges much more work is needed to prove what is currently only 'potential'.

That's where I'm at.

If the SP does dip on poor results you will not see any ego driven gloating from here. I've lost money on shares and it is not pleasant.

All the best to you too.

09.48

Ha ha! I shall, awaiting your next conspiracy theory or 'expert' opinion with bated breath.

response to 08.55 if you hadn't guessed

Be original FFS.

.....and be brave enough to cough to who you're talking about.

As soon as there are people with differing views to the mainstream, on any particular BB, this old chestnut is raised in some form of witchhunt.

What are worse are those with a little knowledge who purport to be experts. Keep on drilling!

PS.................... the certified clinical neuropsychologist would have a field day on here............. ;-)

GS,

Interesting backstory and some "potential" but all covered in the 4 August RNS and subject to further work over the next 24 months period granted in the extended timelines in the unit obligations.

Good for the long term but not a game changer in the here and now.

Ha ha! I think you have most bases covered there!

Not good enough to buy any more - that appears to be what the market is telling us. If that is the case, I think we know where it's heading from here..........................."in imminent danger of being swept away" in a torrent of red numbers.

Down yesterday, down again today, circa 7.5% as we speak.

Oz down last night by 12.5% . Funny that our respected guru has failed to comment?

Is an outed 'trader' (oft considered the lowest of the low by the darling LTHs) taking your cash? I don't ever recall him recounting bad news articles or press. Power to the people! ;-)

"There is no attempt to head hunt another oil man"

Perhaps another pedantic reminder but are you forgetting this chap? RNS only last week.

Mr Robert Benkovic is joining 88 Energy in the role of Chief Operating Officer (COO). Rob is a petroleum engineer and subsurface manager with almost 25 years' experience across the oil and gas industry. Previous industry roles he has held include Group Manager, Reservoir Engineering at Inpex Corp, Kharaib Section Head at Maersk Oil, Reservoir Engineering Expert and Senior Reservoir Engineer at Apache Corp, Senior Petroleum Engineer at Schlumberger and Petroleum Engineer at Origin Energy.

He's clearly not a bean counter.

Olddad,

Apologies for being a pedant, but I think you are confusing some of the information.

In the RNS it does not state that Merlin is 'highly' encouraging.

'Highly' encouraging is in relation to the PANR results for Talitha, our neighbours - but we can't mention them here, even though the company seeks to piggy-back PANR and extrapolate its results into 88e Peregrine leases.

Clearly no sense of humour.
Great rise to the wind-up.......
Chill out!

GS,

I suspect we are closer to agreement on strategy and the short term future here than in the other place. This appears altogether more grown up and without the penny share hype.

It is not a little ironic that this share could do with a little more visibility, and that comes over in the apparent frustration of the team, but then again it seems unlikely on the one hand that the SP profit multiples are immediately likely, given the relative SP's, though that can quite easily be tempered by the massively increased number of shares in the other place. Perhaps the company ought to consider a wider PR strategy. I'm sure the webinar will assist.

I think crude price point will assist, as will the potential for early production and access to the Dalton and TAPS (location, location, location) to get product to market.

The company are making all of the right noises in regard to Farm Out and not burdening shareholders with dilution, but this cannot be ruled out entirely. The SP and relatively low number of shares in issue ought to give SHs comfort.

Clearly, there is much to do to upgrade from 'contingent resource', but there appears to be a clear plan and the apparent quality of the horizons encountered so far with a clear target for further drilling.

The company is making a very big play on the quality of its analyses of the Talitha drill and it analyst team. The webinar should be interesting.

Altogether, a very exciting prospect.

Another string to 88's bow, WATER - an Evian equivalent, but with a oily nose and a colourful surface bloom in the glass. Nice! ;-)

20.08

You haven't answered a single point on information, timing, results, likelihood of takeover or JV, assets and asset values, proving of resource. All of which went into my thoughts on where this business is going in the short term and most if not all of which have been discussed.

I haven't created the major price drops after recent drills which have left people high and dry (me too on one ocassion) and I haven't caused the current drop from the 2.9s to where we are today. I bailed the majority of my holding at 2.8 and I'm happy with my decision. How about you? Missed a trick?

If all you want to do is dream in a Casino-like environment, you're perhaps in the right place, good luck, but don't lecture others about some form of moral fortitude when you actually don't have clue what's going on and therefore follow the herd in blind faith and groupthink.

19.16

How did I know that you'd pick up on that one!

I answered you 'm8'. I could have left that out and you'd have been none the wiser. I could have left a lot out and you'd have been none the wiser. Proves that honestly hereabouts doesn't really get you anywhere.

My last point actually sought that you justify your opinions as you seemed to think you had the right to question me - not brave enough, eh? Why should I be surprised?

18.06

My backstory here gives many clues.

I was spiked for a time at unpalatable levels - I had the dream and it's easy to be drawn in and myopically commit too much money to it. Commit too much to the dream without a sense of reality and it can be costly. In my opinion, now is not that time for reasons I've stated. Would I base my opinions on views of others - depends who they are. I'm always keen to very the backgrounds of people here who purport to have expertise in this field. Are they pros, amateurs or simply people purporting to be the former - I think there are many enthusiastic

My research is covered in my posts in the last couple of days, largely forming a view from what the company has done in the past and its commentary on the last drill. It's all very recent history which doesn't take long to determine. A comment from the company on the 'best drill yet' doesn't exactly set a very high bar. I take comfort from the Pantheon results and also proximity to Willow, given reasonable proximity to both, but information in regard to these is not what is expected soon.

I've been in this share for over 4 years, partly arising from my own naivety in being caught on a large spike, and I reserve the right to comment or otherwise as I still have a holding, though at much reduced levels from the several millions it once stood at. I believe that the company will come good but that it will take further work in proving its several potential assets. One of my purposes, surprisingly enough is to make money be that long term or short term. I sold a significant portion of my holding recently and was quite open in that I made a very nice short term gain. Am I looking for an appropriate re-entry point? Yes, I am.

The success of the company and my investment is based on long termism, but I despise what I consider to be groundless ramping.

Take all of this as you will.

I've answered your points, now how do you justify your opinions?

17.29

Be careful what you wish for as no buyer is going to give full value for an explorer with an unproven asset and a JV partner is going to want an inordinately large slice of the pie. Why? Considerable risk remains. It needs to be de-risked further.

All of the above will erode the company value and, very likely, disappoint shareholders.

Before you get too far ahead of yourself....oops too late.....the end of the drill was a disaster and the preliminary results were lukewarm, to say the least. Let's be realistic and take a balanced view of what we might EXPECT.

Dreams are great but don't spend cash on them.............a couple of quid on the Lotto is one thing..........