Member Info for DaveWin

88E RNS this morning states, "The Western Blocks contain a 3D seismic defined oil prospect in the successful Nanushuk play fairway with a gross mean unrisked prospective resource of 400MMbbls (144MMbbls net to 88E) and a geological chance of success in the range of 25-30%."

Whereas Red Emperors RNS this morning states, " 88 Energy will manage the drilling of the initial test well on behalf of the joint venture and Consortium Partners. Internal interpretation by 88 Energy of the 3D seismic over the Western Blocks has confirmed the original interpretation by Otto's technical team, which identified a gross best estimate resource volume of 400-million barrels and a geological chance of success in the range of 25-35%"

Thats quite a discrepancy isnt it?

Nope

Motives behind the post?
Im a ****ed off long term investor who bought into this company as I was suckered in by the patter.
My motivation?
Tell the company and the BOD that I think their promises are worth **** and if by some miracle we get a spike in SP to recover my losses than Im out.
Suggest people reading this board, explore the motives of those constsntly playing down the fleecing of PI's cash to fund a crock of ****.
Whats their motives?

is the BOD are too busy chasing unicorns instead of concentrating on achievable revenue streams. Do the basics, do them well, THEN chase unicorns.
Still you can afford to chase mythical beasts if someone else is dumb enough to fund the adventure. That you and I :-/

Another day, another fall.
Whats the plan here? Who benefits from such an alarming slide in SP without anything being doen to halt it?

Agreed. Weve had enough of reshuffling deckchairs on the Titanic. We need something of substance before i will believe any more spin

What a sows ear this company turned out to be.
Lisa Anson tells us that we have the resumption of clinical trials to look forward to, hopefully in 2019
In the meantime the SP goes ever downwards I doubt we'll have a functioning entity left by the time that happens
What a crock of ****

Hahaha

We wouldve done better throwing money into magic beans never mind coffee beans, anything than this right now tbh

If we can post some decent revenue figures, prove that this concept can generate cashflow and profit, then 0.5p is not unrealistic even in the short term.
As far as im aware (and ive done a hell of a lot of digging) we are ahead of the curve on this
Whether thats a good thing in so much that we make hay whilst the sun shines and gobble up market share before others grasp the ability, or we are pushing against a closed door where no value or market exists then only time will tell.
We need to convince and demonstrate that our information can be of financial benefit to others when making strategic decisions on relocation or advertising spend.
Do that and watch that 0.5p materialise
At least, thats what happened in my dream the other night.
I seriously need to think of other things and get out more lol

Their coffee is good and they have shiny offices

25p

This relates more to Marine engines and shipping.
The switchover to low sulphur diesel is part of meeting emissions target for shipping
A ship takes bunkers as fuel. This is primarily Heavy Diesel Oil
Not particularly clean or light oil. In some instances it can be like a runny treacle.
The oil is then 'cleaned' on board before using in the Main Diesel Engines
To obtain low sulphur oils, as per the emissions requirement isnt just a case of pouring our oil into a ships bunker tank. It needs to be further refined in a refinery to meet the spec.
What may bump up the price is lack of refining ability.
However, ship owners like to make money and so theres no way that they will allow their vessels to run out of fuel, so many are fitting additonal removal equipment to their vessels purifiers in order to ensure availability of compliant fuel.
Our oil, is a good quality light oil. It will attract a premium over Brent crude as it is.
What will also impact on our oil price is our ability to deliver parcels of oil to waiting tankers on time and on spec.
This has in my experience attracted an increase of Brent+5%
As reliability and quality are crucial in ensuring the tanker companies meet the needs of the refineries they service.
For instance, Rotterdam will pay a premium for light North Sea crude as its invaluable in order to crack other heavier, middle eastern crudes. They need the lighter stuff when they need it. Delays cost money. Quality issues cost money. So they will pay a premium to obtain a reliable supply.
Whethetnwe achieve that premium ourselves will come down to operational performance and uptime when on station, but theres no reason that we cant

Another day closer to sail away

From some chap in Morocco.
Apparently he has found a large amount of gas and needs my bank details to get $millions out of the country.
Hes offered me a 5% cut
Seems legit

Milking it for all its worth until we are told otherwise

that we've seen here in ages.
We have revenue and the BOD plan of 80/20 split is making us profits.
Long may it continue
DT Ultravert could be the gamechanger for all

For what its worth
ZZ isnt bothered about the falling SP imo
It will drop to a point where he feels likely a placing will be succesful and over-subscribed.
He will let it fall, raise some more cash and continue dangling that carrot
Raise-Rinse-Repeat

http://www.stockmarketwire.com/article/6062067/Sound-Energy-says-Schlumberger-to-take-direct-stake-in-Morocco-prospects.html

I'll start to get interested again when this recovers enough to recoup my losses.
Getting us back to where we were isnt a success, re-rating again after the losses have been recouped can be classed as such.
Until then, the BOD owe me

Just before they hand the begging bowl out again we will receive an update. Of that ive no doubt