Member Info for happyhols

Keefy, sentiment can and will turn in an instant, when that happens we will all be in a much happier frame of mind along with the share price of course.
Patience is the key.

Good morning everybody, I am really looking forward to the next few weeks as we patiently wait for news.
The farm out could land at any time and will be a big catalyst on the share price, and a successful drill on Winx will give us another boost and a good base to continue towards a farm out for the unconventional drill in the summer.
Then we will have drills at Yukon and on ice wine conventional.
Very exciting iMessage indeed for those of us who are willing to wait and reap the rewards.
The next 12 months will be an absolute game changer for 88e, the rewards will be there for all and I am very confident of a successful few months ahead.
It was a major disappointment for myself and many other 88e investors when the unconventional did not go to plan.
However we have now moved on and we now have 3 excellent conventional projects planned, all within the next 12 months and of course another crack at the unconventional.
We have much to look forward to and I for one am very positive and confident for the future of 88e and all of its investors.
Good luck all

Maybe 10pver next 2 weeks with excitement building
20 to 25p on oil shows in any or all of he prolific multiple targets.
50 p when successful flow test results are announced.
The only unhappy people will be the ones not in for results.
Very confident off oil flowing from at least 1 or possibly all of the stacked targets
The seebea, Torok and Nanushuk are all proven targets and we have them all.
Only 4 miles from a. Massive discovery all on trend with the huge Nanushuk oil sands.
100% oil discovery with 26 out of 26 wells.
What’s not to like !!!

From their overnight operations update (approx 50 days):

D0 Spud
D+5 Drill surface hole
D+8 Run surface casing/leak off test
D+11 Seabee Turbidites
D+13 Drill 8.5" hole
D+15 Nanushuk 5 & 4 MDT
D+17-19 Torok Seq 4 & fan targets
D+19 Drill 8.5" hole to TD
D+22 Wireline
D+26 Run & cement 7" casing
D+27 CBL
D+29 Run 3.5" tubing and completion jewellery
D+30 Perforate 7" CSG
D+31 Perform DFIT and main frac
D+45 Flowback & DST
D+52 Suspend / P&A

Goodbye then,
Good luck to all genuine investors

Thanks for pointing that out islandgirl, yes this could well be a 50 bagger, a rare opportunity indeed and an excellent chance of doing just that from all time lows of a penny.
It’s a shame you are not invested here to experience the thrill of a huge success, perhaps you should try it.
A bit of Lady Luck for the girl.

Boom.boom, my thoughts are in complete alligment with you assessment here.
Any oil shows during drilling, will send this far higher, and we are drilling through multiple proven targets !
On a successful drill, 50p is certainly attainable for those who still hold.

I hope to have many happy hols courtesy of 88e lol

The Winx prospect looks very exciting with the drilling of multiple targets, surely we would find it extremely hard not to encounter oil at all in any of the targets !
We also have 2 farm outs pending, which could mean anytime very soon. The biggest bonus for me would be the drilling of the unconventional in Q3, I thought this would has been 2020. A horizontal with good flow rate with a major as a partner will be huge for me. The unconventional was the reason why I have been invested here since 2015.
We could then have 2 drill on the conventional ice wine during the 2020 winter season with a new partner.
And I think Yukon could be a superb piece of business for us with another drill in early 2020 and 100% for 88e.
Very exciting times for all 88E investors.
Roll on Winx and the 2 farm outs, definitely a game changing 18months.
Good luck all.

They are targeting 400mmb of oil, it’s all in the Rns,s
Nuggy, I was also here when it went to 50p and back down again, then also in for the Indonesia drill. I have been waiting the last three years for a chance to get my money back, and here it is !
To be honest I could not believe they have managed to get in a drill this good, I was already in 88e for a big chunk, so already done plenty of research on the north slope of Alaska, believe me the Winx drill is as good a prospect as we could have wished for.
A great chance of success here and with it a far higher share price.
Still under the radar of many, but getting more attention as every day passes with increased buying and heavier turnover as every day passes.

5.5p was last reached in 2015 when the Hawkeye drill was taking place in Indonesia.
Get past this reststance point and we will be looking very good.

We need to clear 5.5p, then it’s breakout time and clear blue skies

Still only a market cap of around 25m and on a successful drill the company will be worth at least 10 times that, even on a conservative calculation.
Only 525m shares in issue, when oil shows are reported during the drill, there will be huge demand for shares, the share price will react accordingly.
Looking very strong with a lovely positive share graph forming and we are still a few weeks away from drilling.
Plenty of upside here.

A finish above 5p today would be good with the resistance becoming support and consolidation for the next step upwards.

I can see 8 to 10p prespud, 20 to 30p spikes on oil shows.
Very exciting time for the consortium and hopfully a buy out of our company in a few months time on a successful drill.
This could finally be the one that is the company making drill.
Good luck all

McGoogle, some of the block is not covered by 3d, so potentially you will have more than 400mb of oil to add onto the upside here.
The oil in the nanushuk will be light sweet crude with good porosity.

Rich, we should almost certainly see oil shows on the way down, with spikes on the share price as well, time your exit correctly and you should will still make money. Good luck with your own Strategy.

http://www.ottoenergy.com/site/projects/exploration-and-appraisal/alaska
Link Contains information on the 1972 drill on our acreage

Rich, I was in for 40k from the Puntland drill, I will probably derisk some on a spike but will definitely be in for results. This is a totally different drill to Puntland.

Absolutely correct about your own attitude to risk. You can stay in for results and make a lot of money, if all goes to plan. You can derisk on the spikes or you can sell before results and play safe. Each to his own.
The geological chance of success is always on the conservative side and is calculated as such. However looking at all the research available, all the successful drills in the area and the close proximity to a huge commercial find, coupled with 3d data which is very similar to the nearby well, and you have a very compelling case for a successful well. The 4 companies involved seem to think so ??