Member Info for GrumpyScouser

Maybe they're thinking of us shareholders...and want us to be able to buy them.

Even their free allocations of Performance Rights are taken back because they don't perform! Read the Annual Report: their admission, not my claim.

Look at the late trades.

And the closing UT.

And L2.

Good luck on Monday, Shorty.😊

Yes: a poor week.

However:

Over the last 3 months: +28%

Over the last 1 month: + 20%

Low volumes as investors wait for potrntial huge news.

And Mangrove need to close 14m+shares in their short.

It's a lovely position we're in.

Excellent time to shift £20k of profit over to my ISA. Significantly more shares now protected than would have been the case by rushing last week.

Ecuagold: quite right.

And is essential for ANYONE placing chips on the 88e roulette to understand that. Sometimes the table is rigged: the house ALWAYS wins, salaries keep getting paid and the mugs keep throwing money on the table.

88e is just a good cyclical punt. Until they prove me wrong.

@sharebel: stop whining on about some imaginary boiler room crew.

I've been in 88e since about 2015. Fortunately I saw the cycle and sold half my holding 2yrs ago at 2p. The remaining £70k is now worth pennies.

1. 88e continue to deliver nothing

2. The annual report specifies that the BoD LOST their performance shares due to not meeting targets.

3. They have so much confidence in their own work...that they don't even buy shares!

4. The BoD need to be replaced.

5. The sad death of Paul Basinski was the death of 88e's credibility.

Until they prove me wrong.

I still don't get why only one Director has bought shares.

The BoD still get their allocation of Performance Rights, however these are also (quite rightly) cancelled due to NON- Performance . Annual Report page 20.

If this is such a great opportunity, why would they not be buying shares?

And No. I'm not a deramper. I'm a shareholder losing money still.

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.