Member Info for dazzle1000

Ddraig your right in that assumption ...

There are still a plethora of green bars on this BB!

Shame to see some usual trolls come out of their rocks only to shoot down and belittle other posters you know who you are, disgusting cretins...you serve no Purpose on these bb forums.

Shame that no one has actually bothered to research and Elaborated on market cap Misconceptions. Alas there is more to it than just calculating the Blatantly obvious shares outstanding by the current share price, text book stuff that 8yr olds could figure out..

Regards
Dazzle

Good to see people posting Monday Very informative reading the links and researching topics was a little bit sad to see the odd sarcastic post Shooting people down.

I would like to add to the market capitalisation threads by posting this little bit of research about misconceptions.

Misconceptions About Market Caps

Although it is used often to describe a company, market cap does not measure the equity value of a company. Only a thorough analysis of a company's fundamentals can do that. It is inadequate to value a company because the market price on which it is based does not necessarily reflect how much a piece of the business is worth. Shares are often over- or undervalued by the market, meaning the market price determines only how much the market is willing to pay for its shares.

Although it measures the cost of buying all of a company's shares, the market cap does not determine the amount the company would cost to acquire in a merger transaction. A better method of calculating the price of acquiring a business outright is the enterprise value.

Changes in Market Cap

Two main factors can alter company's market cap: significant changes in the price of a stock or when a company issues or repurchases shares. An investor who exercises a large number of warrants can also increase the amount of shares on the market and negatively affect shareholders in a process known as dilution.

Dazzle

Tomco is 0.0044p and has 674m shares, mc of 3m
88e. Is 0.0041p and has 8.9bn shares, mc of 37m

What justifies having nearly same sp but valued differently. Any sensible takers to tackle this conundrum

Dazzle

Jofhoggit 21:02 please elaborate on your meaning of shared delusion, and Freud slipping up ..

Dazzle

People who see negative in things will get negative results, people who are positive will in things see positive results. An investor will weigh up both according to the risk and evaluate how much the risk to reward ratio to them is worth financing. Some are lucky to have a bigger pot than others which is relative because without having a balanced Financial due diligence mind and researching the required information I personally would say those are going in blind based on expectations that are far outweighing the risk Are subject to other emotional or psychological factors.. just my thoughts

Spaghetti hoops I would have to disagree with you there Dave has given us Peregrine 1, .6 billion all in place Yukon gold 90 million all in place and an extra 800 million barrels in Charlie as well as the other levels in areas a. There’s still area B conventional oil and the HRZ POTENTIAL so off the bat I recon 1.6bn+ 800mm one of those was free from PMO money.. Okay Peregrine was exchange for more shared Delusion but for that cost to have 1.6 billion oil in place conventional oil is cheap..

I do feel for your frustration but was wondering if you regret ever buying into 88E and can you elaborate on the smoke and mirrors part of your statement. No harm in thinking out loud, can you back up your thinking with facts

Best regards dazzle

Lemajor you hit it on the nail there buddy. Dave has said numerous times to consolidate the shares would cost us between 15 and 30% haircut and devalue 88E straight off the bat.

As for share buyback, yes I fully agree that this is on the cards, but has to be done carefully as it could have a detrimental negative affect rather than a positive affect which FTSE 100 type companies tend to do.. oil majors In particular. I’m not up on the procedures but there is a right way of doing share buybacks that has a positive affect on the company I hope a few of us on this foreign can we search into it more head is thinking about it the better write for 88E wiki...

Not liking some posters sarcasm towards others when they ask a question. All of us are different and have different levels of social media skills who are probably better at talking to someone face-to-face than typing it out so give people it a chance to explain and grow and learn as an investor rather than shooting them down, if they are genuine.

If they are trolls then it’s open duck season we know what to do.. quack quack..

As for the weird buying /selling at below Commission prices does seem awfully dumb and wasteful and perhaps by nonhuman coz An investor would now that this would cost far too much and wasteful than accumulating a bigger pot in one go then little ones over a period of time, a lot broker houses do this like Interactive Investor and Hargreaves Lansdowne they both pull their shareholders resources bi weekly or once a month reduced commission costs uncertain financial instruments..

Not ruling out that some MM’s Do use a code and I’ll put it in the same category in vain as those who trade in a libor sector like the banks. We know it’s been rigged we know it goes on but how it goes on is the matter..

Peace and love to all in these COVID times, stay safe

Dazzle

Has anyone else noticed weird buying and selling today, lots of 450/500/900 shares at £, £2.50 and £5 the commission alone cost more than that per trade surely...Is it microbot AI alogarithms or just plain dumb and dumber. But for sure sells are disguised as buys and vice versa. You’ve got to have room for healthy trading it can’t always be up up and up.

Morning everyone, hope all are well and keeping safe from mr COVID-19. Not long until vaccines. And keeping within the measures recommended. I Read somewhere that mouthwash can kill COVID-19 within 30 seconds will find the link and post later. Also vitamin d and paracetamol or ibuprofen help a little as well so I’ve read and heard imho dyor..

Food for thought, for all the bashing 88e gets for its Up’s and down’s in oil exploration and its frustratingly unlucky drills. With It’s yearly cash raises..

For a small comparatively oil explorer limited to a global fan based investorship of shareholders. I’ve never seen a company have an extensive growing library of research dedicated in its website for investors to tap into 24/7 and check over and reference back on things to help make a very informative decision to invest than of 88e..

I just like to thank all the Custodians and people who contributed to 88e wiki Who put the time and effort into researching for the links over the years and special thanks to brombarb Who we know keeps it topped up and up-to-date.

I bet your bottom dollar a few you thought you wish you could buy in below 1p like some did back in 2015 when you bought in at 2p, 3p or For Some at 4P a year or two later. But Hindsight is a wonderful thing we can only learn from our mistakes with better information leading to a better judgement to invest your hard Earned money And better understand yourself in the process..

I’m not saying that to average down is the right or only way but it is a strategy to clawback back to break even or into profit Using the tranche of money at these lower prices. And I say again to those who are brave enough and have the spare cash to do so I wish All the best of luck..

I may be a glass half full kind of guy, and I truly feel 88e has turned a new corner and has more going for it. I know some of you don’t like Dave walls leadership, I do understand your frustrations but that is oil exploration and Dave did give you the disclaimers about it’s volatility over the years at the presentations in the globe and in RNS and in interviews. But for those who have stuck around and have researched to the best ability keeping the faith that this time WILL BE OUR TIME TOO SHINE..

Best regards
Dazzle

Will petroteq get royalties both from tomco and valkor? 5% each? = 10%. And from my understanding an increase of oil saturation per ton 7% to 14% = 0.8 a barrel per ton With an estimated 60 to 70,000 tons = roughly 81,250 barrels @100. % recovery rate not sure what the break even was I think from PQE presentation/RNS something from 2nd feb 2020, $30 or $40 @ 300 bpd? Obviously this will change some what now things have been revised..

Brombarb and moda, a big thanks for the links, news and research from me guys.. don't Think this chat forum would be half as good without people supplying research news and links. Great to see some lth familiar faces appearing this month..
haven’t seen them since the globe nov. 2019

For those who are brave enough to find spare cash to average down I wish you best of luck. And for those who are new to the table I feel you have invested into a stronger and better footed company that has a lot of data and clout behind it even for a small oil explorer Like 88E...

As the old saying goes only invest what you can afford to lose as a big percentage of AIM investors do get burned statistically due to the volatility And not as regulated as the FTSE, add into that the current climate economically and with COVID-19 and oil exploration in general as we know can be hit and miss. But those are the cards we are dealt with and the dices we throw in the AM casino.. imho

Dazzle

A big thanks from me rabito79 good to see people putting up some links for research.. I have looked at ConocoPhillips recently in bits and drabs..

These different phases look interesting, has anyone else looked at these?

Good points raised rabito79. Yep I mentioned additional funding on 88e behalf towards rig drilling cost on Tue 18:15 end of paragraph 2.. for those interested..

Thanks for the links Rabito79, Will mull over them accordingly And hopefully will digest the links with as much vigourous commonsense as needed. Let’s hope other posters will be as Curious in our endeavours and can legitimise between fancy Follies and frolicking follicles ( splitting hairs )

Be as it may we are at the whim of oil exploration. Those willing to explore this adventure had better be prepared for all kinds of weather. Great expectations are greatly and easily disappointed by not giving proper due diligence to our own mind..

Dazzle

Money hawk and RABITO79 thanks for the feed back, Refreshing to see chat discussion change from *****ing and whingeing about consolidation and cash raises too concerning facts and figures.

I did email Dave wall about oil search deal with Armstrong and about the break even price to his knowledge and understanding the Break even price varies depending where you are in Alaska And he puts it around the low 30s, I would assume that figure is a mean average and it’s possible to use $35

For the Armstrong /oil search deal his reply was $3.10 at $50 a barrel around 850 million US.
Make of that as you will.

As for the Peregrine Farm out deal I am hoping for a 50%/50% and a free carry for 88 energy, with future drilling on the deeper 570 MMB at roughly 10,000 feet same as the upper two.. imho dyor

Disclaimer and warning. Any wording and use of numerical numbers are of the opinions and expressions of the post’ee, in Reference to any future or past historical oil discoveries these expressions and cognitive calculations within the conscious mind may change According to the law of common senses. The ability to use this law is at the discretion of the post’ee

Best regards dazzle

XCD have 3 targets totalling 1.6bn of which 2 are around roughly 6,000ft the other one is around 10,000ft with just over 570mmb oip

Avg world recovery rate is between 20% - 40% or 30% mean, Alaska potentially based on prudhoe bay recovery of 50% using latest EOR Enhanced oil recovery technology. You can combine this 50% with the world mean of 30% to give Another average mean figure potentially a 40% recovery. In my opinion I believe the joint-venture will go 50-50, with the other party stumping up the cost for the well.
of course the current cash rise has to factor in 88 energy part of the cost if it runs over budget.

1bn oip with a RF of 40% leaves 400mmb of which 200mmb goes to 88e.

Not sure what the Break even cost for conventional oil is, I would give a conservative guesstimate between $20 and $30 For conventional, I mean average of $25. Brent being $43 -$25 equals $18 profit, times this by 200mmb =$3.6bn
dived by 10.569bn shares leaves the share price in $ then convert into £ using 1.32 to give SP for AIM listing..

If factoring in a buyout price then I would use the Armstrong/oil search deal of $3 a barrel way back when the price of oil was at its lowest roughly around this price.So $3 times 200 million equals $600,000,000 not saying we would get that price per barrel but food for thought

Dazzle

Well now that the sp is well and truly below the trolls 0.5p we should see the last of them?...no reason to stay and spout, ball shyte trying To mend a broken clock which is right twice a day...

I just hope those who now stayed on till the end have derisked enough to feel happy with the amount invested.. to those who like jam tomorrow and gamble well very foolish indeed to use money you could of better spent. Best use the time at home to study and research on the financials of those who do make money....

No doubt some low life will shoot down this post and smear and misconstrued what I was getting across .... some very bitter and twisted individuals on here saying I told you so...

To those genuine folk out there I do Sincerely wish you the best of financial luck specially in this AIM . casino ... it certainly has tested the best of our financial resolve , me included even I am looking at different things than aim ... 88e imho may still surprise us but there are better and more stable companies for now to gain/claw back some losses.

I would be happy to get back to 1p or a 8p buyout if it came along...wishful thinking I know. Ships were built just for sailing and calm waters the world and the weather doesn’t work like that..

Dazzle

Sidewall core looks healthy if it picked up some good shows on Lima, so this looks promising for and accurate test on HRZ either way we will know good or bad... in July, defo last swing of bat for HRZ..