Member Info for Desmond45

S4K - 10p by year end?? LOL

Not at all Tondy, I’m here in the red with a sizeable chunk of shares and won’t be putting another penny into Daves pocket. And I’m sure I’m not the only one! Filter me if you’re so upset about it.

Would you prefer every post to be nonchalant ramping like S4KSecurity telling everyone it’s all going to be OK? It doesn’t matter what people write on this bb as the market isn’t stupid and will make its own mind up.

No jam today folks, might be some jam tomorrow, or the day after that. Move along now.....

Oh look, jam tomorrow. Who saw that coming?

DW has already said at earlier presentations we are after cash, seismic and funded drills from the FO... so hes going to look a bit daft if we don't get it and give away the majority of the cake.

8 working days remain. Is it FOMOFO time?

Perhaps a multiple bids received RNS would get the ball rolling like BPC?

Looks like a farm out leak here. Wouldn’t wanna be out of this over the weekend

Even if we gave away 80% for 2 fully funded drills (20m odd each), with a market cap of 45m we would bag once or thereabouts.

Just depends on any farm in companies appetite for risk

Surely DW would rather accept a poor deal to provide a bit of medium term jam and remain within the 2020 logistics and then CR to fund IW2H from a higher SP ~1.5, rather than reject all deals and CR at 0.5..... with no possible way to drill the conventional within the 2020 season.

Cheap entry for Winx-2.. if you don't mind waiting a while.

“The next step, because we’ve spent a lot of shareholders’ money while the oil price was low, is to do a deal with an industry player. We’re going out there to see if we can get someone else to pay for the work that needs to be done.

“We believe the Icewine project is a very high quality asset. A farm-out process is under way to progress the exploration and appraisal program. We’ve set up a data room and we’ve got a number of interested parties and we’re confident we can get a compelling offer by the end of the year.”

Wall has every reason to be looking forward to 2019.

88 Energy Limited is in an excellent financial position and has a compelling portfolio of prospective leases located in an outstanding oil and gas province.

Drilling at Winx, which is also supported by 3D seismic, and a farm-out deal will undoubtedly spell out how good their prospects are and if history and the data available are any indication, a glass of bubbly wine could be the order of the day – with ice of course.

Lebugue- if a farm out is delivered I will eat humble pie, and enjoy every last bite of it. I will pat DW on the back, crack open the bottle of icewine that’s been festering on the bottom shelf of my fridge waiting for a celebratory moment (if it hasn’t gone off by now) , sell my 88E holding and never be seen on AIM again. Actually il still have VRS, but that’s a different kettle of fish. DW could sure take a leaf out of Neill Ricketts book and engage his shareholders whilst taking a more modest salary, that’s for sure!

Indeed guzzler, do you think the December RNS regarding the extension came the day that request(s) were made because it was price sensitive? Or do you think DW knew there was no chance of closing a deal even by November when he was still stating potential farm out by YE?

DW will know fine rightly at this very moment if there is or is not a deal happening, and whichever way it goes will be building further jam to accommodate.

Is this just the tide being sucked out, before the tidal wave of wealth? As seen before IW1?

If there’s no FO let’s vote for WAaussie to replace DW at the helm. May as well inject a bit of humour whilst the ship sinks.

We’re up **** creek here. Oh well may as well lose the lot than sell out now..

Don’t worry Phrontist, this year we’ve only spent 1.6m on wages, 800k on expenses and hundreds of thousands on fees from CRs and RIs.. and not drilled anything on our own acreage. DW has played a blinder though we bought a few more acres of land that we won’t be drilling until at 2020.. providing we get a farm out imminently to remain within the logistics.. oh so maybe drill it in 2021. Nice salary for the bearded one though in the meantime. How’s everybody voting in the AGM? Has anybody even seen or heard a word from SS in years? An extra 10% placement capacity on top of standard 15%?

Depressing.

Got our last delay on December 20th. I wonder if DW will string us along for another 2 weeks..

Will do Keefy. I have my big boy pants on don’t worry. Have a good weekend hopefully next week we see good news. ATB

It’s funny to say DW concentrate on the farm out, as an external company handles the whole thing. While Baker Hughes review the HRZ. External companies analyse the 3D (first icewine, now Yukon). DW literally has an easy ride and takes it home in wheelbarrows.

It’s become a joke. I hope for all our sakes we received a farm out bid and it’s been duly accepted. Unfortunately the silence is deafening and I’m dreading the next update as I know it’s only going to be more jam tomorrow. Yet again we’re being left to the deadline with no update. Not good enough.

Enjoy the weekend.

That the same presentation where Dave states that the HRZ will flow, it’s just a matter of how much that determines the next steps, before going off with various example of how many barrels we’d get.

Then we flowed 0 barrels. Looks like DW counted his chickens before they hatched.

I anticipate one more filthy cash raise and another stab at a horizontal or the curtain comes down

Or a whopping conventional farm out which solves all our problems? Which is the most likely?

DW will probably bring success at some point, but my b0llocks will be grey and wrinkly and there will be 73 billion shares in issue.

I reckon farm out will be delayed due to a lack of "accretive" bids (or some other ambiguous excuse to dress up that no companies worth their salt are interested), but tier 2 companies are now present in the data room with highly encouraging progress being made with a bid deadline scheduled for 2H 2019.. followed by complete silence till YE.. meanwhile a huge cash raise is undertaken following the AGM in order to progress further "potential" (salaries) and Dave finds some other way to jizz PI's hard earned up the wall while sending smug (bordering on sarcastic) one liner replies to PIs who fund his extortionate 500k odd salary every year.

So basically a repeat of this year