We would love to hear your thoughts about our site and services, please take our survey here.
I just bought another 2M
Olderwiser,
I’m gobsmacked you are still bleating about 4 barrels.
“…Proving just one reservoir viable would have been an outstanding success…”
I agree. And they just proved 2 of them
SSSCCCSSSS,
I think your record might have a little scratch
Another excellent report.
All positive news. I’m very excited about the future!
The objective was not to collect oil (as you well know), the objective was to assess the rate of flow.
So it really doesn’t matter how many barrels were collected…because no barrels were required to be collected.
You seem a little obsessed with this point.
Today I wondered how heavily it was raining.
So I went outside and saw it was raining heavily.
I didn’t need to stand outside filling buckets for the duration of the storm to assess it was raining.
50 & 70 BOPD (not BWPD)
Desmond
You are correct, the share price is (sadly) down almost 30% this month (and up 5% since the start of the year).
I would of course prefer it to be higher.
However, I don’t see how I have egg on my chin (read face) for stating nothing but facts about 88e and their discovery. Perhaps you can enlighten me.
Desmond,
Exposed how exactly?
All I see from the latest RNS is egg on your face
Curious how many shares Sushi and Olderwiser picked up cheap this morning.
Olderwiser, no I wasn’t saying it’s illegal to have a flare with a permit but good try at discrediting my opinion.
I just hope people don’t panic sell today because they believe the horsesht peddled by the derampers only to regret it tomorrow
Very good question
The results are in for only 2 of the many zones in this well and both have flowed very high quality oil and a very good gas ratio (despite what some of the derampers here would have you believe.
The 2 zones flowed at 70 and 50 BOPD under natural flow with a very small stimulation. All very very positive.
There are unscrupulous people on here today trying to make holders believe this well is not a huge success (which it is) to try and buy your shares cheap and make a quick profit.
DON’T FALL FOR THEIR LIES
HSG
Low flowing wells?
What are you talking about, Sushi?
There sure are a lot of bears trying hard to convince holders to sell their shares…a few hours after the company announced a successful drill. Could they be more obvious 😆
In your humble opinion of course, RedBeard
Another way to look at 88e is that at the moment they are debt free, have derisked by investing in a production field in Texas and a lucrative prospect in Namibia rather than relying solely on success in Alaska.
If these results are successful (which looks likely) then they will be very attractive to a large producer to buyout, which has always been 88e’s intention.
So, talk of irons in the fire is moot and they won’t need $$$ to make production happen because that’s not part of the plan.
HSG
Agree Chrisev
Lots of detracting from the real reason for this board (possibly on purpose). But it is getting ridiculous now. Let’s please stop using 88e’s board as a dickswinging contest.
HB
Sadly you are correct. This used to be a place to have interesting discussions about this stock.
Now, it’s just descended into schoolyard antics.
Such a shame on the cusp of great news.
HSG