Member Info for dazzle1000

Is where statistically the sp started to climb up... not in a straight line, but it did climb. Since 2016.

Agree with v111jas post yesterday, where not many lth post anymore including my self due to trolling.

The community spirit has gone, replaced with (?) people have lost the art of research and communication by not backing up facts instead of relying on heresay and half baked whittling on rumours and false misleading agenders that cause A continuation of dumb down Kardashian mentality.

All of course my opinion not that I give two hoots as no doubt this post will be bashed on cue by the obvious trolls.. Instead of articulating And continuing an intelligent reply for the bigger picture of inner growth and investing wisdom all while sharing and caring in what we say so as to enhance this forum and make a Decent profit with decent people.

Won’t be long now, let’s see if magic match lives up to its Consistency and we will reap the rewards wishing all genuine 88E a long-term holders good fortune and best regards dazzle

Nothing erratic about sticking up for Dave’s Decisions as he is the legal representative of 88energy not you, you don’t run the company. By the way I didn’t mention anything about a cash raise only the consultation so you’re putting words and mixing it up more than it needs too. Best if you write to Dave all himself via his email on the website and ask him personally why he chose to do the cash rise nothing erratic about that is there

So basically Then D 45 What you’re saying is that you know more about Running an oil company than Dave does. And you’re 100% calling Dave wall out as a liar is that what you’re saying.

Was and never will be on the cards as Dave said in the 29th nov. Presentation it would shave of a 30% discount straight of the bat...

As for the 100bopd to flow for a commercial success yes Dave actually mentioned that In conjunction with utilising lateral well he Could envision getting between 2000 and 3000 barrels open day his words check the presentation.

Yes we are more waited in shares than we were a couple of years ago but if you look at Vodafone for example they had 40 billion shares in issue of course they had big revenue stream and a bit of debt to cover but they did sell some parts of their old subsidiaries for 80 billion creating £2 share at the time. Has Vodafone ever consolidated since?

Most oil companies actually do buy back shares for the greater good like Conoco Phillips to help stabilise the company.

In conclusion I don’t know how much of a drag to 7,000,000,000 shares in issue will have on the SP before we were calculating the HRZ now we are calculating the commercial part although similar in gross 2.8 billion barrels of oil in place. Similar to Paul be in house number of 3 billion if you are comparing like for like what apples for apples do we still have a good chance of hitting a high yield of hydrocarbons More prominently the commercial side and not the steel 5050 HRZ the former being better odds and recovery rates comparing to prudhoe bay 60% recovery..

I remember Talking to the late Paul Bazynski whom Mentioned to me personally that ice wine fuelled prudhoe bay Commercial oil through the migration of the HRZ By a whopping 40% the rest I do believe was by the Shublick formations left and right of prudhoe bay (I remember Mickey Masters asking Dave and Paul about the migration of the oil from ice wine at an old presentation meeting )

I hardly posted last year and I’m pretty certain that None of those were ramping...So not sure where the Alogarinth got my name from... that’s for sure... definitely got my optimism wrong with It’s version of ramping

Very interesting how other companies that have hit oil targets have been re-evaluated Accordingly. My observation is how much wood 88E get evaluated on their share compare to Premier who eventually be producing from Alaska longer term that the highest recovery rate so far Using today’s modern technology can get up to 60% recovery rate so where is that fine line from 1p or 2p reserves from this. We won’t be Depending on the price of oil as we will be selling out if it goes into production although Dave did say the higher the oil the higher the per barrel price Like in the oil search /Armstrong deal.
Conservatively it is just the two stellar formations in the torok. Anything else is a bonus imho

Just had a look back at the share price around the Beginning of March of every year starting from 2016 up to 2019 and in every case share price went up within the weekly chart timeline... they will all different rises in price at least they went up could this be telling us something?

Pbody yes Dave did say it was possible in the right conditions technically and hyperthetically speaking if all conditions were right and the ducks lining up could be possible mid next year ..

I’m seeing imho us maybe hitting the old 1.088p support for this week if sentiment continues on the downside but saying that some aggressive buying today pushing back up the candlestick shadow to close on a high... wait until a confirmation signal Occurs near the end of the trading day to see where the trend is going... just my opinion of course..not advice

With more shares in issue there is a lot more since the hey day when it reached over 4p ... more since winx at Nr 3p so it’s kinda put on some weight so to speak but in a more lean fitter commercial sense than an over baked obese bitumen sense.... so very hard to predict how much the sp will rise towards drilling and after results...3 more tortuous months to derisk and be sure of your investment...

It’s been a long time and I don’t blame Anyone for taking a slice of the pie for 1.5p upwards if they bought in sub 1p and if it goes back up to that price before drilling on the results it’s been a fickle Five years with a lot of ups and downs we are very close so I wouldn’t let emotion rule your head let’s be clear thinking and have a good strategy exit in place to D risk any concerns or fears. Some of us will be all in some of this one out some of us a bit of both..

Darth trader 17.22 post its from Brombarb link to 88e. Pdf last year final results of 2018 dec 31st pg 75.... best of luck on your investment ...

Forgot to add there is also 250 million in options unlisted and 50 million in performance rights... will they get taken up? So from 1st jan 2019 was there any added shares? Am I wrong in estimating 500 mil roughly

Yep cheers Brombarb had a look on pg 75 yr ending 2018 dec 31st... 6887 investors ... this is of course as Brombarb mentioned 12 months old now and numbers may have changed slightly....interesting to know though heh!!!

Range. Total holders Units

1 - 1,000. 428 51,563
1,001 - 5,000. 291 947,915
5,001 - 10,000. 370 3,110,674
10,001 - 100,000. 3,201 146,639,415
100,001 - 9.9 bin +. 2,597 6,180,790,757
Total. 6,887 6,331,540,324

Just got my broker to find out very roughly how many free floating or outstanding shares not in sticky hands today and the figure is 68 million... with in the last half hour.. so 6.8 billion in people’s pockets and if on avg each account has 2 million it means around 3400 share holders...( roughly est)

Yes it’s been a tough year buddy, but WE are all here for each other Especially When meeting at the Globe would love to if chatted to you...You have a great soul when it comes to keeping the faith with 88 energy very inspiring indeed so let the good Times roll and celebrate the time we had with our loved ones. I’m sure they are with us in spirit Helping us along with their support and love best regards dazzle

Well done sprint man breaking even/bad........ the gap/window from March 13th has been closed so good on that part so I hope it holds around this area to form a new support..

Thanks Stanman Appreciated

Hi jiddy and good morning to all.. jiddy how long did stay at the globe when Dave and Steve finished their presentation?. Did you mingle, I was looking out for yah at the bar

Just wondering if anyone else has noticed back in March 13 this year gap down?. We are not far from closing the gap coming back up needs to close at 1.31p can anyone else check the chart many thanks dazzle

Depends on the Appraisal well of Charlie one which is not a prospective well. If and when it flows it will determine the amount of commercial oil available from contingent to 2p reserves and eventually onto 1p. Recovery rates are based on what technology and procedures are used today use prudoe bay for example... maybe Garrym could post a view on the matter or the guys over at hot copper as it’s getting more technical and that needs Specific context in relation to what is being answered. Best regards dazzle

Proselenes I think your jumping the gun a little:
The life cycle of any oil or gas field starts with exploration. Geologists seek areas where oil and gas may exist and, on the basis of seismic and other data, may eventually drill an exploration well to see if any oil or gas can be found. At this stage, all potentially recoverable volumes are classified as Prospective Resources. If a discovery is made, the volumes potentially recoverable from that discovery are classified as Contingent Resources until a development plan has been defined and progressed to the point where it can be shown to be commercial, as defined above, at which point they would be reclassified as Reserves.

From the link I provided. Dazzle