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Why plug and abandon???
There were 4 barrels of oil recovered!
(Even the most rose-tinted rampers refuse to accept the company's own statements!)
My investment doesn't lie: 2yrs ago was worth £70k after I SOLD HALF at around 2p.
Today...significantly less (although at zero cost, I accept).
Unpadded post for the new clowns: stop talking drivel.
Unless the company corrects their own statement (which will have gone through a review process), we must assume they are telling the truth: 4 barrels recovered.
Since 88e are masters of ambiguity and spin, one can very reasonably assume that they would have taken any possible opportunity to word the RNS more positively.
They did not. Nor have they (yet) corrected it if it gives a falsely negative view of the results.
Until then "the market" will put a value on it.
Perhaps *one* day a different BoD will be able to bring some value to my remaining holding.
Well, my thought process (from a thread elsewhere) is that clearly 88e has lots of black stuff underground, but insufficient accompanying gas to enable a better flow (as a result of being "downdip").
PANR, on the other hand, has lots of BOTH.
And connected reservoirs.
So the potential for both companies to benefit mutually exists.
One neighbour has insufficient gas, the other has incredible amounts of it.
They're already working closely together as both companies have stated.
Seems to me there's a logical next step.
Lovely to see so many green posts.
If you enjoy a bit of a grin, try binning the clowns.
Their drivel is irrelevant.
What on earth are you prattling on about?
"Lost a JV"? Do you not have anything better to make up?
Oh dear....someone woke up feeling anxious.
Apologies in that case: I was sure his wording was far more nuanced but not in a position to listen again today.
What price is your short at?
Subtle but consistent.
Agreed.
DH made it clear that the remaining option (because PANR WALKED AWAY from others which were considered to be proposing unacceptable terms) is a "major" .
A major may well be in a position to demand exclusivity, in return for more attractive terms, perhaps over a longer period.
DH has not shut the door on fall-back options in case these negotiations come to nothing and the potential partner knows it. Let's hope they reach a mutually agreeable position....
I guess now we can get on with ignoring him.
Case closed: a poorly informed blogger who needs the forum as he has no audience.
"Fewer tweets than a nest of sparrows".
Ready reply.
It was part of the discussion: blame taximan for his false inference.
Far from pointless: whether you like it or nor, both companies have been cooperating.
A question was asked to the BoD. It was answered and comments on here are from 88e investors.
Because it IS relevant, it WAS raised as taxman initially mentioned below. I felt taximan's comment implied more so gave my reply.
Only in reply to an attendee question, yes.
Joint venture: David Hobbs was also VERY careful not to say he was happy with a JV. Any such comment would be totally inappropriate
That said: it's not off the table and let's face it...there's no surprise there after they were called in to help us.
@taximan: David Hobbs *actually* said that PANR had decided not to progress discussions further as the proposed terms were unacceptable. Not "lost" but rather "discarded".
The recording will be available to re-check.
I just don't understand why you've failed as a blogger🤷♂️🙄
You get the derision your repeatedly deceptive posts deserve.
Every time you try to deceive, your errors are corrected by industry experts.
Fool and finally blocked.
Enjoy the webinar this afternoon.
Fool.