Member Info for donotpanic

Put your SEAT BELTS on we are off..

Sorry that is old one

https://www.proactiveinvestors.co.uk/companies/news/304638/88-energy-chief-hails-very-encouraging-results-from-icewine-project-4638.html

Once we get RNS saying yes OIL is there and commercial... wonder what price this will be???

I traded few here yesterday... then ended up buying around 1.65... got few more today at 1.35 most 1.32 and over were buys when price was 1.30 -1.40 this will be back up... Patience

ALL Buys showing in Red ALL over 1.34 are buys

That was from HIGHS of 4pence... I am talking from here

From wire logs they said oil is there... I am going to wait buy now as this will have steady RISE towards 4 p may be sell before News... it is gamble.. this can drop 10-15 percent but RISE could be over 500 percent

People should hold for next 2-8 weeks as this will Rise to OVER 4 P coming near results..

Looks like RED day... those who sold HIGH may come back to buy now...

Dropped again very strange movements of SP today.

Little more buying pressure and we could break 1.70 happy with steady Rise...

Should move nicely from here ... break 1.75 and hold above that then we will close 1.80-1.90

Managing Director, David Wall, commented: "The sidewall core photos provide further evidence of the presence of oil over multiple horizons in the Merlin-1 well. Whilst these results are confirmatory of the cuttings data and were expected, it is reassuring to see."

Looks like he is copying and pasting same thing again and again.. Expect push this afternoon and close over 180

This will not go to 1.20 forget sub 1 more likely 3-4 pence and then depends on news

Don't be fooled by MMS all those 1.61 and above were buys shown in RED

This could go HIGH of Highs GIVE IT FEW MORE WEEKS

Oil is there ... otherwise 88E would not waste more money and time... commercial 88E will be producing...

In other encouraging news, 88 Energy said that “initial mapping of additional prospective zones encountered in Merlin-1 [is] encouraging.” It said that these zones “exhibited good shows with potential for pay,” and that “an initial mapping exercise has indicated that these zones may be of similar magnitude in terms of volumetric range as the originally targeted primary zones.”

Further testing would be required to confirm what it is sitting on, it added.

More exciting news
On Tuesday 88 Energy also announced some potentially exciting news concerning its Project Icewine asset in Alaska. It said that it has been observing nearby work by Pantheon Resources on its Talitha-A well. And these results have revealed “additional insights into the wettability of the Kuparuk formation,” the firm noted. These are results that it says may have “positive ramifications” for its own interpretation of the horizon.

88 Energy said its own drilling results at Kuparak had been interpreted “as likely gas condensate or residual oil”. As a consequence, no mapped targets had been identified by the company. However, 88 Energy views those recent Talitha-A results as “highly encouraging regionally for the Kuparuk [and] across Project Icewine.” Its internal geoscience team is therefore now re-assessing Kuparak’s potential.

To round off the release 88 Energy said that “it is also evident that several of the other prospective horizons encountered in Talitha-A, where pay has been interpreted by Pantheon, extend into Project Icewine acreage.”