Member Info for jiddy123

I NEVER take anything anyone says as gospel, preferring to deal in facts and my experience.

* 3D Inversion on Icewine Conventional 2.2B barrels net to 88E
* PMO FO Partner UK based - no previous experience in Alaska
* PMO to fund drill up to $23M
* 30% WI retained
* Up to SEVEN Prospects to be drilled
* Free frack of HRZ with 100 retention of WI
* Spud Feb 2020
* Company CR $6.5M @ 0.7p - fully funded until after Conventional drill

DW's comments regarding the oil is there, being one of the best drills of 2020, and his $1B estimate of company worth MAY or MAY NOT come to fruition. The Partnership with PMO has provided significant mitigation of risk IMO.

GLTA genuine holders

The CR price was 0.7p - that is the new baseline SP.

Small movements below this mark, but NOT for long.

"Unlikely to get to 0p pre-drill IMO but never say never."

Do you know how stupid that sounds Bdogg?

https://www.oilsearch.com/__data/assets/pdf_file/0011/39728/Oil-Search-Alaska-Field-Trip-Presentation.pdf

Many thanks both of you!

We now have a credible Partner, specific drilling plans and real prospects (Pardon the Pun) for the near future. DW says that the only way is up, however that is a matter for you and your money!

https://www.youtube.com/watch?v=vjD3EVC1-zU

May we have a link please LM.

I will bet $23M it's 100% LOL!

Three of my FAVOURITE posters in cahoots with each other.

Poetry in motion LOL!

Just seen the RNS, and the 24% SP increase!

Explain your cheerful mood Jimzi.

As DW said in the interview, the SP is unlikely to dip further given the CR @ 0.7p.

Tick up and more to come!

3M @ 0.66p - what a bargain!

Isn't it hilarious that Brom is trolled as a ramper, but always tries to assist other posters with their questions and queries.

Can you ever see Miloh, Bits et all doing the same - the words "hell" "freezing" and "over" immediately come to mind.

many thanks for sharing that snippet of info apunter.

For anyone who hasn't listened to the interview this morning - here it is:
https://audioboom.com/posts/7373130-dave-wall-managing-director-of-88-energy-answers-shareholder-questions?fbclid=IwAR3wSrI_cah0Zg3nQohTTm5BwMRp1ECLBjzf0Qsqm3hYUingmcHxq9sj-oI

He sounded VERY confident to me. A deal "four years in the making" "one of the best drill in 2020".

It might all be a con LOL!

It's a free carry Bdogg - we are getting a frack for NOTHING!

RNS 12th September:
A total of 540,000,000 shares will be issued pursuant to 7.1A. The New Ordinary Shares, which will rank pari passu with the existing ordinary shares in the Company, with Admission and settlement scheduled for Friday, 20 September 2019.

The new shares are released tomorrow and ASX price is currently 0.715p, so we can reasonably summise that 0.7p is the new baseline, and as DW says in his interview "the price can only go up from here".

Perhaps Bits, MILOH, guzzler et all can respond in a calm and reasoned manner. I understand the concerns of all investors that are currently underwater, but there is a lesson to be learned here. Don't invest if you need the funds short term, and NEVER sell at the bottom of the market.

Good luck!

Great minds think alike JJ!