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This morning sold all my share in 88e. Last time sold 4 years all at a loss. Good luck to all. Main thing to remember is that BOD are not buying any 88e share . They have NO interest in it . Thay just want their pay and get on with their life.
1 There been no directors buy why? Thay do not
Believe in 88e just here for the pay.
2 When flow rate was conducted they invited
PANR to witness it why ? May be sell 88e Alaska to PANR very cheap.
3 They know that they will never commercially get any oil , because US want to keep the reserves.
88e , The directors do not believe in it. This is why thay rather take cash in shares. 88e flow rate is 70 Bopd . Which the directors do not belive in.
So if you do not want to loose your money Please sell up and move on.
Those of us who are idiots and think we got £40 millions worth of oil . Let us carry on.
Thanks
PNAR came to witness the flow test . So are interested in 88e. We should here their offer soon. So look after your self till than . You must have sold you shsre in 88e. Please leave us . We do not required your expert opinion.
Scott126 the shorter,
Please look after your self . 88 e is in good hand .
PANR was their at the flow test . Which was 70 Bopd. Which equate to between 420 and 840 barrel of oil a day . Nearly £40 million a year.
So don't worry about it . Just chill 😎.
Flow rate was 70 Bopd which dictates to oil worth £20 million to £40 millions for horizontal drilled hole . We are not going bankrupt or anything else. Do not sell your share .