Member Info for Gman93

Just bought another 2.22m shares - wish I’d bought more at the placement offering of 0.31. Managed to get them at 0.3375

Just curious to see what people think is realistically possible with the SP as we approach the flow test early in 2024.

-Resource upgrade anticipated due to newly found ‘upper SFS’

-funded for the flow test

-potentially transformational for the company

-oil prices on the rise

1.4p is roughly £300m without any other dilution. Personally feel this can get over 2p if it gets the attention it usually does entering these crucial results.

Opinions, thoughts and logic all welcomed

Good spot and the message on the page offers reassurance about stock coming soon. Do wonder though how they have managed to run out of all of them. Maybe a big deal with a client? Offered everything they have on hand right now? The stock needs some news however to stop the SP tumbling like it has since the IPO. Still a lot of faith.

Yeah mine says the 18th too. I’ve applied to take up extra shares as well. Think 1p is more than achievable so as the previous poster mentions; hopefully a shrewd move.

GLA. Only a couple of months until this starts moving again.

Are these getting very much ahead of kanabo though and positioning themselves to dominate the market? Maybe another tobacco firm will come in for kanabo to rival. I think kanabo’s vape pod is better than their inhaler

I’m sure CE approval is only in Q3. However; I fully agree there are some solid foundations here. I think if they reduce operating costs (merger of GP service now behind us) and increase revenues (treat it for this year too) then I believe this will fly on the next set of financial results. These markets will only become more popular in my opinion. Just need that breakthrough deal to send this flying.

Like anything, it’s worth what people are willing to pay for it. No P&D this year due to no flow test.

88E have moved about previous but I appreciate the more tactile approach this time. I’d rather they take their time.

Not gonna be much action for the next 6 months and why the SP is drifting. But personally, see this as great potential because let’s be fair, there will be an exciting run up for the flow test.

GLA LTH

Why is this progressively rising with no news?

Not you again Noba. You did this all over 88E hahahah. Always the same, optimistic crap and MMs always holding back pmsl

Mad - never saw this coming. Can’t see any immediate benefit and as others point out, just another cost. Don’t think this will get any reaction from the market they may have hoped for. This seems medium-long term and they don’t appear to have a secured short term financially. Let’s see what they pull out of the bag…

Porky - just a thought; maybe it’s just to see us until the CE approval. Hopefully a SP rise from there and possibly further dilution to become established in Europe

This is going to drift lower until the flow test unless we get news on a potential deal/farm out. Placement more than likely to come before that too. Could be a great opportunity to accumulate before what we hope will be next seasons big rush.

Shares in issue was 12.5B Feb 2021. Believe this means the SP needs to be around 6.5p relatively based on current shares in issue.

I think we agree this won’t happen pre flow but I think it could test it if it all goes in the way of 88E. Those numbers would be nice, but still think there is a clear opportunity for an investor to make a healthy return.

Triumph - I’m glad we agree in terms of the previous dilution. In relation to shareholder value, I don’t think it would have been any better if they stood still with no funds and unable to explore any other avenues. Essentially the wildcat industry is taking a well educated stab and hoping to hit a jackpot. The dilution allows the company to make more attempts at the jackpot, providing the opportunity for significant shareholder value in the future.

I agree with your comment about the fluff and presentation. When I saw some recycled slides in the presentation I was disappointed. But how much ‘new’ information can be produced each time? I know we are all eager to hear more facts and details but I’ve come to learn this is a very slow game with oil exploration (other than when there is a drill & flow test)!

I could be wrong, but I’m sure the shares in issue was about 16.5B. That’s a rough increase of 25% with todays shares. If they hit a jackpot; they can then profit (largely) from the sale of the find in a variety of ways, in which they would be self funded for future ventures.

So back to the 4p comment. This was before the flow test results and it fell on negative news. If it had been positive, how much higher would it of gone? Even if this stock hits 2p before the flow test, positive news may send this stock well beyond 4p. 5p seems it would be the relative target this time around based on current shares in issue.

Just takes the one big find to change everything. This is what it has always been about. GLA.

https://newswires.com.au/share/88e-may-have-found-the-smoking-gun-but-its-not-the-only-asx-oil-and-gas-play-on-the-verge-of-a-potentially-huge-payoff-20230419

I’m all for critics of the company as this gives us a better perspective overall, but I do ask what you would of done in the companies position other than dilution? This stock hit 4p pre flow test news. Can you imagine what it may have been with a positive outcome? Also, look at PANR and the way they have structured their debt - id rather be in the position of 88E personally.

Everyone expecting a ramp up this year and it didn’t happen. Now everyone expects it to die through summer and rise again before the flow test. If there is one thing I’ve learnt from this stock, it’s that things never go to plan. I don’t think this will play out AT ALL the way people believe.

Let’s look at some simple facts:

-this is arguably the best drill 88E have had to date
-close to TAPS
-derisked by the neighbours
-oil prices rising and production being slowed
-lots of big oil companies sat on huge profits that could target an exploration company like 88E

If more dilution is to occur, I do not think it will be anywhere near the magnitude of those previous as a flow test is much cheaper alone.

This may drift down to a MCAP of £60/70M, but I honestly believe it could see £1B if we see success at the end of the year.

The next set of results I believe will give us an idea of the updated resource. If this is in excess of 647mbo, then it would seem the tide is finally changing.

Good luck to all those involved. Honestly don’t think this will be too low for too long.

I honestly think he’s deramping in the style of a basic B ramper. Noba, please give it up. It’s having the opposite effect.

I topped up £3K just before news at .58 and another £3K at .5. Can’t help but feel confident from their approach and results this time. Delay on the flow test may have been strategic to see what PANR do first and potential derisk. In hindsight, others suggesting we should of pushed for it this season. I personally have liked the company being more patient. Longhorn paying the salaries and dilution will be minimal if just to fund a flow test. Hope we receive more encouraging results from post well analysis and then I’m happy to sit back and wait for this to pop later in the year. After being in 88E for 2 years, this is most confident I’ve felt despite the SP being the lowest I’ve known. GLA.

We are saying about the flow test date but the market was already aware to this. In terms of what could be produced, we have the best news possible. SP keeps dropping on positive news. Another to follow soon with post well analysis. Probs take this to 0.4 at this rate. Very confused because other than placing shares, no one is taking profits at this price.

I do think it’s crazy the SP pumped to 1.2 in the summer because of a new article then it’s been as quiet as this. Roll on Tuesday