Member Info for Ddraig

00.30 - not sure things like this are aimed at excitement, it is good practice for inclusion against modern and evolving corporate governance…but someone with you clear intellect already knows that

08.44 - I can see the logic in that...

16.53 - I said that at the outset and of course you are welcome to such. Added my opinions to balance a few out and crucially where the information isn't known to really form any opinion

15.29 - catch out?

Sorry...missed this one
(Many long term investors are bitter about many of the past events, in particular, Drill Programs are always in the ‘wrong place’.)
You have to create a picture of whats 6,000-10,000 feet through ground and rock by the sound signals returned to a sensor....interpret that and try to understand what the rock is made of, how bit the tiny gaps are between the rock grains, then determine if the fluid is water or oil and then determine which is in contact with the rock and which fills the throats...
All from a sound 'ping'....heh, if you can do any better be my guest.
This is like criticising a brain surgeon...where you don't have 0.01% of the skills necessary I'd suggest a little bit of humility

.....Friction and therefore efficient. No indication they are looking to sell where as a raise to cover costs more than likely would have been a selling overhang.

13.27 -

(After 7 years, we have not managed a single Flow Test) - I suspect thats not completely out of line with the norm for unexplored regions like the north slope.
(Oil Rich (coming second) does not mean Commercially Available (winner) - Its a process...oil rich also doesn't't mean it won't be commercial
(Charlie-1 Test Program was meant to be a few weeks but was ongoing for many months) - But we have the findings and I'd rather they delayed and investigated further to understand if there is risked viability or not for as certain as they can be given the data. I think there is still a potential viable large target.
(BoD are avoiding to say – Charlie-1 will not be a Commercial Well) - Not sure you can say that. There is still work to do but they have 3rd party analysis of oil and gas in gross viable amounts - TBC
(Merlin-1 suffered an ‘industrial accident’ giving 88E a smack of the amateur, considering $14m was spent on this.) - This is not unusual, maybe consider its the first we have experienced points to above average operational efficiency on historic wells. PANR had a very similar operational outage for the same reason...it happens, it bl00dy cold up there.
(Conveniently, two new oil lakes discovered in Mwerlin-1 but no evidence to confirm this) - there are autonomous assessments but 3rd parties with respect to the analysis of data and cuttings so far. naturally this needs to the futher investigated but again I'd say no one is lying here and there is evidence to support the view of unmapped areas. If not please show me any evidence if you think there is no way they could have any additional areas.
(Alaska weather only permits 4 or so months working on a Drill and Test program per year) -yes, but the rest of the year allows time for essential analysis, corporate actions, fund raising, planning etc so its not like Ive ever thought they were spinning around on their office chairs making paper airplanes..
(The ‘fair risk’ has been a substantial loss every year since 2014, start of the Icewine Program) - Personal investing/trading would have resulted in that. Anyone even post Ice-1 could have majority exited with minimal loss in April.
(Many long term investors are bitter about many of the past events, in particular, Drill Programs are always in the ‘wrong place’.
SP tends to be at a ‘new low’ each successive summer.) - At the moment we're about 4 times the price of pre drill 20/21
88E NEEDS to raise money during the Summer - yes and they have previously always achieve this
(Which means Cash Raise anytime the SP ‘stabilises for a few weeks’.) - New investor base .
(The cynical person will think, Merlin-1 results are stretched out to ramp the Summer SP for a CR.) - conjecture, analysis timing is as proposed with a large analysis suite
(shares have been dished out by 88E BoD to financiers, sub-contractors and ‘staff’, a constant nagging SELL could prevent any serious rise until pre-drill 2022.) - share instead of cash reduc

Phron - There are some fair points in your argument for and against but there is quite a lot of personal opinion and conjecture that may well prove to be untrue.
88E Positive:
(Company owns leases over 4 oil rich regions) - yes, degree of geographical diversification.
(The Merlin-1 Test Program - I suspect they will reinterpret whatever seismic they have and plot a new well, probably to capture Harrier targets.
(Field Experience of 5 Drill Programs over 7 years) - We also have the best Ops manager on the slope and only one well missed KPIs and budget
(For new investors, 88E is a ‘fair risk’ between serious loss and substantial gain once a year!) - on balance upside has more potential than downside I believe...on commerciality would we see 3p+...highly likely. On pack up and go home downside is 1.4p currently
(‘bet’ a limited amount of their available money) - thats a personal decision.
(2021/22?) a Commercial Find will give a 10-bagger or much better) - Could be hence why upside is greater than downside.
BP took until 7th Drill to strike oil - Not sure if that a statement is accurate but assuming it is then yes we are not out of line as yet.
(88E has at least 4 valid, sensible options for Farm Outs 2021/22) – yes we have a degree of cherry picking available to increase commercial CoS....although I think we will be forced to look at Umiat before anything else given lease requirements.
-South of Talitha, Heavenly-1, Side Drill Merlin-1, Harrier-1, Umiat, Yukon - we have options with some degrees of existing drill information
(Once one Option Commercially Flows, 88E can finance drilling the rest) - Yes, the dynamics of future development significantly changes in our favour.
(By / during September, 88E is bound to announce one or more Farm Outs) -
(The SP could still pass £1, but when?) - given the nature of drilling only in the wintered people need to look at their own horizons and determine increments in years.
(88E has NO DEBT) - or controlling equity holder...this mainly provides comfort to FO partners or eventually Buyout suitors

I'll do the negatives shortly...they need far more work.

09.22 - So the share price has recently gone up, now its pulled back a bit, going forward it could go up or down....
Wow, thanks for your insight, I had no idea share prices could move likely that.
Although I see its easy to comment on whats happening right now....whats going to happen tomorrow in your opinion? Now that would be of some value...go on Pete read your tea leaves

17.38 - I have made full use of the filter button. The benefit of not hearing openly derogatory and offensive insults from a complete faceless stranger more than off sets any possible academic benefit...and to be honest there are multiple holes in Scots understanding so its a tiny price to pay....IMHO ;-)

15.52 - Scott loses all credibility given how personally insulting and condescending his comments are, particularly as I can't find anything of his forward forecasting that has been proven correct.

14.23 - AIM c.62m...I think this comment more highlights outstanding and continuous US OTC demand as opposed UK AIM lethargy.

I’m sure you’d get some take up.
I’m positive but I do understand there is still significant risk from a corporate structure and geophysical perspective.
The company just needs to keep derisking and maintain confidence to get to their end game

10.28
For whatever reason most people are on ADVFN
https://uk.advfn.com/cmn/fbb/thread.php3?id=45937411&from=15094
However its a very prickly place with string battle lines between the very positive, the balanced and the very negative.
Enter at your own peril!

09.45 - To a degree depends what Farallon's approach is, they have the supply ammunition to smash this back down. But they may not increase their selling volume and therefore it could remain at these better levels. No one, including myself, really know.

09.56 - as we know 88E don't leak in terms of information but the US generally seem to be more confident and positive that information to come will be positive....we all know UK and Aus can be a bit cynical

09.56 - That is always a possible driver like 5th/6th April UK particularly with the ISA limit refresh and suspension of the bed and ISA by some/most/al brokers.
Lets see at 2.30....I'll have eyes on volume too, its been increasing in the US the last week and suspect the upward moves in the UK and AUS will drive that further.

09.39 - been saying this since the start back in March.
My understanding is that given its OTC (not on a US exchange) the US brokers have to 'buy' / 'sell' the net effect of their trading activity via either ASX or AIM (you can see these by the much larger than average block trades) I might be wrong but as the share are not denominated in USD then they would hold the AUS or GBP denominated shares in a nominees account and provide valuation after the FX conversion. Given this theory, its no surprise that where the US provides buying pressure and their price rises (generally in their PM as its a dark period where UK and Aus are closed) they're likely to have a net short position which they (OTC brokers) need to cover with ASX and/or AIM...this drives those market higher.
Pretty simple if you take away the settlement mechanics...the US is adding to demand (buying) or supply (selling on poor results) and therefore amplifies the price movement one way or the other....however as we've also seen, the US have a different view on less optimal results and therefore have actuality dampened the impact of the inconclusive results in April. So far they really have been a positive addition to all share holders and very much hope this continues.
I would love to see their impact upon stella results, ie confirmation of a Merlin discovery and/or commercial flow results and/or a good terms tier 1 FO for Peregrine / Charlie

07.51 - Jiddy is clearly scared....As its currently so far away from his 1p target I don't see how he'll reconcile that. For his own sanity he'd be best sitting this out.

21.28 - moda..
Found this in stocktwits…always good to know who’s saying what…

“Rabito79
6/25/21, 11:36 PM
$EEENF
@BinaryLogic other things that have happened.

ELKO (owned by Erik Opstad 88e’s General Manager) have sold the majority of the shares they bought in March. Them buying at the time was described as Dave Walls as encouraging. What does them selling their shares mean?

APDC have pulled out the project in a deal that had an upfront payment of
$14M
,
$6M
less than they paid for the well.

It’s not all rosy and people need to consider all information”