Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Definitely progressing but hard to see past another raise. Company is poised to boom if the UK sector changes. Dan Poulter defection highlights no belief in tories NHS situation will get better. He may be well positioned now to give the advice of diversifying to other medical solutions such as what Kanabo offer.
Scot, since the results were announced you and Older are the highest posters on the 88E forum - both say you are not invested? strange behavior
Don't understand why you are constantly arguing PANR is better. Nobody is saying they are not on 88E. As much as you offer insight and expertise, you both just seem constantly argumentative. To the point, even shareholders of PANR are growing sick of you.
From an expert GeodesRock49
SMD-B reservoir showed little to no measurable associated gas flow (low Gas-oil-Ratio (GoR), which validates the pre-test analysis." The downdip position of the SMD-B is now proved to be in the very high oil saturated portion of the Shelf Margin Deltaic distributary channel system reservoir. High oil production rates can be obtained using artificial lift such as pumping units or down hole Electrical Submersible Pumps (ESP's). A future horizontal lateral well will the production type well and the GoR may increase to allow flow on it's own with the increase in gas - but this position in the reservoir will require artificial lift.
Great result with 2 out of 2.
Just so ive got this right - as wells would produce from reservoirs concurrently, would we say the BOPD average is now 120? This is before 6-12x on horizontal, and without flow rate of BFF. Also only natural flow back in U-SFS.
Plus, due to valuable NGLs that are close to the same price of the oil, this is unaccounted for when looking at resource estimates due to oil alone being observed?
Fingers crossed this gets the traction it deserves from the results! GLA 88E LTHs
Guys, lets forget the detail for a moment and take a step back.
88E & PANR are working together. Both parties see a mutual benefit from the relationship. I think its obvious that both parties do indeed have this.
There is nothing wrong with the best case scenarios being talked about on the forum of said stock. A recent article by next investors outlines what they believe is the best case scenario. Quote below in case you haven't read it.
“88E makes a large oil discovery that is acquired by a major for over A$1BN”
Scot, you are trying to say people being optimistic on their own stocks forum of which they are invested in is some form of criminal activity. Isn't the best case scenario why investors invest? LOL
Why are we shareholders fighting between the two companies that are co-operating. Its fine to share views, thoughts and opinions - but this board has become very hostile recently. A majority of either left or right wing debaters.
Guys and gals, why don't we take a leaf from the companies we are invested in? We are not in competition with each other, we are complimenting each other. If you are not invested here, im not sure why you are commenting.
GLA - we should all be talking about how we help one another. FYI, I have holdings in both :)
Yes over 1 billion shares have been traded a few times recently. I know this was the case for at least the two highest peaks in the last couple of months.
I don’t see how results are delayed. They said they would be finished by mid April? I’m all for patience on this front given the predicted improvement in oil cut rates should they have had longer flow back on the SFS.
The more attractive these fields are collectively, the more interest there is from 3rd parties for JVs or purchasing. Hence more investments from PI's & II's. This is why PANRs rise today reflects on 88E IMO.
I would strongly advise ignoring the ASX SP. These quotes of % changes are misleading as its generally "up 20% on the ASX" when it goes from 0.05 to 0.06. "Its down 16% on the ASX" when it goes from 0.06 to 0.05. The ASX tends to mimic the LSE and OTC after they have had significant changes.
RBO - I dont know whats got into you today but you really are to trying to make sure any positive for 88E is twisted into a negative. I dont value your insight nor I think anyone on else here should. As Brom mentions below, please provide some sustenance to your comments at 10:26.
Also firmly agree with comments regarding the positively anticipated news of the next results. Highly doubt management would put out this video to set themselves up for failure.
It apparently finished on 0.38 yesterday (a 0.05 jump on actual closing price). Share account showing 0.353 ending.
Feels like a lot of the selling is out of the way. Hoping to see a push to 0.4 tomorrow with a gradual rise until the next set of results.
So many of us having the issue of buys showing as sells. Ive yet to hear someone report the opposite.
Patience is key here. The event of the results has only just started as the first hurdle has been positively cleared.
Points to remember from the results:
-quality and valuable oil found
-unspecified numbers of NGLs (also valuable) and Gas to come
-natural flow back (rare in Alaska and cheaper)
-horizontal well multiplies 70BOPD by 6-12
-only 20ft perforated (potential improvement of flow rate when larger)
-oil cuts were improving over time but test concluded
-near to TAPS
-resource estimate for lower and upper SFS to be commenced
-COS was 50%
AND….
We have another set of results on the way with a COS of 82% that has already flowed next door.