Member Info for dai2belts

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EOG, THAT 4.98 Position from september?, spike too.. ?? just updated...??? and one more ?????

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Matd, glitch, 4p to buy

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88e, only for the brave and stupid now..
Does'nt seem to any trust in the last update..
RSI super low, its going to blow
Blow a big hole in my finances if they are misleading, by listing hydrocarbon indications that are weak

@Musk, probably they were moving the price up, wanted you to wait and pay more lol

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Just looking at EOG, as appeared to be drifting down towards a penny, with increasing production..
But RNS just in Bo Kroll bought 4.98% of shares, price looks to be rising on each trade

Even the 1 day RSI is lining up, way oversold

Not noticed these hydrocarbon indicators in the Merlin update....."high resistivity signatures and crossover of neutron density curves",

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£80k, I think I am the dumb money, so just dream about about trading sums like that :)

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Opportunity, maybe

88e after the Merlin 2 duster, the price dropped over 3 months, before doubling in price off a strong over sold signal and an update....
happened year before too, mid year, but RSI was mid point

https://invst.ly/-o9kz

2021/2022
https://invst.ly/-oa3p

Also strong over sold signal now, just as well be a duster on RSI..I guess not many have faith in 88e
https://invst.ly/-o9r9

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88e after the Merlin 2 duster, the price dropped over 3 months, before doubling in price off a strong over sold signal and an update....

https://invst.ly/-o9kz

RSI looks to be at the level expected after a duster, looks like the market doubts, and the last update added little confidence

https://invst.ly/-o9r9

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I think they will have a fair idea on SMD, not sure about the other two yet..
After SMD( 145mbbls), they made the decision not to drlll the final, deepest formation which has a 72% CoS.
Not sure how to take that, being so early, and the largest target 358 mmbbls has yet to be reached..
Not sure to think the decision is because SMD is a winner, or just never intended as they seem to be making good ground..

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Yep, missed todays high, to tempt der-risking was out,,
How low, MM tend to like to put a stop around 60%, and then let the traders in about 50% recently.
I do wonder if it needs kick starting to get people to take those losses,

surprised it got this low, especially on that RNS, when you read the details its bodes well

1, High Resistivity log, likely signifies Hydrocarbons

2, Neutron log cross over likely signifies hydrocarbons, so 1+2

3. Ratios of C1-C5 gases determine the source hydrocarbon type, i.e., dry gas, condensate, light oil, residual oil, etc
RNS, Gas in Mud c3-c5,, so no mention of Methane c1, or Ethane c2. Methane being Natural gas, dry gas..
Merlin update mentions c2-c5...
But really unsure on that theory...could easily be misinterpreting info

5. Blue-white cuts under UV, typical of WTI light oil

6. SMD Expected thickness, but no mention of Net Pay , yet.. ?

Next two targets formations I believe have flowed oil, under PANR, according 88e video,
50% CoS on each.. deepest biggest 358mbbl

I get the feeling people have been mislead in the past, and this is well no 7
That £80k trade, mind you I would'nt risk that sort of money past this point

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Maybe just to heavily traded, after the big rise there were big sells as the price moved up into the next spread, then recently big sells on the lows..
The big sellers undoing the moment created from many smaller buys

Also That +£80k trade yesterday, unknown, at first glance a sell, but maybe a buy, it was listed again today, two entries, 1 negative.. Maybe a cancellation, maybe an amendment..

if you see a £80k sell as a prospective buyer what do you do, could be inside info? as a holder its worrying..

Could be TD tomorrow...

Spoofing comes to mind....

16M trade will have affected the price, and some people buy or sell when seeing trades so big
If it was not mid price, and looked like a sell it would have persuaded a few to jump....

Lets be optimistic ...amendment maybe, but initially thought cancellation

Yesterday
29-Mar-23 15:19:25 0.5 >16,236,666< Unknown* 0.45 0.55 81.18k

today
29-Mar-23 15:19:25 0.5 -16,236,666 Unknown* 0.45 0.55 -81.18k
29-Mar-23 15:19:25 0.5 >16,235,666< Unknown* 0.45 0.55 81.18k

Mentioning the BOD being in full swing during drilling, interesting..
EOG, DELT, ECO quiet too

Beginning to think DM set a new standard, with all that media, I knew no different then...

Seeing that DELT lost all its gain from drilling through to discovery, for 88e, are people thinking why risk a duster if the share is likely to drop during the wait for flow testing in 2023/2024 ?
And if there is a duster, there is the bounce..

Found those missing trades, near enough, spec savers for me

Might be worth thinking about the Gcat news flow if the price drops, the processing updates, about 4g/t
HOC seems to cycle, mid 60s low

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@KevR, I dont think commercial is going to be known until next season..
I do wonder why they have not mentioned the thickness of the sands, as the hydrocarbon indication will be plotted against depth but how much info do you release, especially when your running more tests after drilling, which I assume is in a clean hole, and will more accurate..
Too much, before the full wire-line logging could be misleading at this stage

3.5M trade that never turned up 08:50
https://invst.ly/-n-tl
https://invst.ly/-n-tl

@Skippysb01
I am no expert, took me a while to find the info..
The gas in mud, different combination mentioned

Its a tough one, one thing I have noticed is there has often been a large seller willing to take the lowest price of the day.?

I followed DELT, JV with Shell, complete silence..
Down it went, until it was said the drill warranted full testing, it was a discovery..

Proactive had a different idea of how today would go, ....
See Snap Shot

https://www.proactiveinvestors.co.uk/companies/news/901418/88-energy-unlocking-potential-on-alaska-s-north-slope-901418.html

88e tipped 13p in 2022 for Merlin 2

https://www.proactiveinvestors.co.uk/companies/news/976275/88-energy-tipped-as-a-buy-as-high-impact-drilling-gets-underway-in-alaska-976275.html