Member Info for Desmond45

Closed at 0.77 CAD on Friday on the TSX. Equivalent price here is 45p. Looking like it will be the start of the next leg up on Monday provided North have finished selling.

Hi Spinfx. Yes I’d say we probably are overvalued. 80m odd mcap based on the flip of a coin at Charlie-1. Other companies with large 2P resources with way lower caps than here. Would you say we are undervalued? And if so on what basis? Would love to hear your thoughts. Cheers

Think we still look a fair bit overvalued at these levels. 80 odd mill mcap and not a bean to produce for 2 years. Will look to add more sub 1p.

Neill has disappeared off the face of the planet. Share price in tatters, He has clearly seen the shareholder discontent and chosen to ignore it. Come out of hiding and tell shareholders what is going on or will be seeing 20p soon.

Absolutely incredible scenes.

82m mcap. No production whatsoever and placings every 4-6 months. Nearly double the mcap of TXP who are knocking out 1800 bopd.. We need a result at Charlie-1 or it’s curtains. That’s the reason I and others were ****ed with Dave raising during one of the rare positive sp trends.. The amount raised pales
into insignificance - much more will be raised upon failure irrespective of this this raise, can’t afford to drill again either way. At least Davey gets paid either way though. Il be taking off the vast majority prior to results, if we even see another rise before then.

At least Davey buys everyone a beer every so often and says we are fully funded. What a guy.

Good luck folks

Looks like Dave has strangled the golden goose again just as it started to fly.

Is this the biggest dog on AIM?

Flat as a fart today

You would have to be a lunatic to sell now. Significant gas has already been encountered at cascadara - flow test result imminent. CEO PB on interview saying its significantly larger than Coho.

Cheap as chips!

Interesting looking company here, seems as though fortunes may be turning with the new MD. Anyone got a heads up on near term value drivers? Interested to hear existing holders opinions. Cheers

88E’s potential day in the sun is fast approaching. Hoping for 88E, RBD and TXP to deliver the goods in 2020. Here’s to a good week, ASX currently up 5% on the day the placement shares are issued.

Feeling an ANN tonight. Permit to drill approved.

Yet more garbage from SS. Kick the can down the road and add more shares in the meantime. Red day inbound.

SP flying - perhaps cascadara is looking bigger than anticipated? NT to buy..

GLA

Listen lads. Cascadara is massive. If you look into the logs from carapal ridge you will see. 3/4 times the size of coho - proven flow with shell..1000ft of pay in proven sandstone - this is the stuff of dreams. It’s the same petroleum play. Proven. Not only has larger equipment had to be called in to flow test cascadara. The pressure is too high - for gas wells this is exceptional. There may even be condensate as well. The mcap is stupidly low. Compare with companies like 88E whose mcap is double and doesn’t produce anything. Even if cascadara is a duster, they’re doubling the output of bopd with coho by June. There’s a starting point here at 1800bopd. Provided theres no unexpected disasters with cascadara (water ingress, mechanical failure from high pressure kicks etc) then this has a bag in it. Then two more drills Royston and chinook - may be a cash raise - before then, however cash flow and credit facility may suffice. Plenty of trade and bank between - all Imo GLA also recommend Reabold resources RBD upon near term resumption of west newton flow tests. If anyone else has any interesting near term recommendations Id love to hear. D45

May only be 3.5% but when the 5-10m sells start flying it’s going to take a while to churn cd66. Won’t be seeing 1.4 again for a while

Shaa you can get the announcement immediately if you go on the 88E ASX page directly rather than hotcopper. For some reason hotcopper has a delay. Cheers

All will likely be revealed in an hour or so on ASX.

Dried my CR tears now and ready to go again. The oil is still there... hopefully!

GL 88ers