Member Info for jonesrichard

I’m just going to hold until there is a T/O so whatever price that ends up coming in at will effectively be my selling price

https://microcapdaily.com/88-energy-ltd-otcmkts-eeenf-major-breakout-as-oil-operator-targets-world-class-alaska-north-slope-drilling-merlin-1-harrier-1/132105/

Depends what happens on the ASX tonight, any dips should be heavily bought into you would imagine!

I know, super special isn't it , fair enough it's on the ASX exchange but still lovely to see none the less!

https://stocktwits.com/daybydaytrade/message/352326873

"Well if you though 250k was a big purchase on Friday look at this big money going into"

https://twitter.com/hughcameron26/status/1411673250380226566/photo/1

$529,857.540 BUY, WOW!

https://www.share-talk.com/share-talk-weekly-energy-sector-news-4th-july-2021/#gs.5ihpxn

Takeaways from recent PRs (sources linked at bottom of this post):

1. First set of Merlin-1 test results confirm oil. "Geochemical analysis of fluid extracts from selected core samples definitively demonstrates the presence of hydrocarbons."

2. Told us Merlin-1 well test results were coming June/July, on schedule. They do what they say they're going to do. Refreshing.

3a"... an increased fraction of resins and asphaltenes, which CAN ONLY BE ASSOCIATED WITH THE PRESENCE OF OIL."
"Significant industry interest in the results of the Merlin-1 well." (p. 6, AGM)

3b. Icewine being farmed-out (p. 8, AGM). Icewine shares a basin with Pantheon, who confirmed billions of barrels.

4. The company has $14 million+ cash on hand, but contractors keep electing for shares. They know what's there.

5. Debt free (July 1st). Buyout coming?

Sources:

1. clients3.weblink.com.au/pdf...
2. clients3.weblink.com.au/pdf...
3a/b. clients3.weblink.com.au/pdf...
4. clients3.weblink.com.au/pdf...
5. clients3.weblink.com.au/pdf...

Indeed Ford, very very special prospects moving forward here it would seem! Great stuff!

I have done plenty of research thank you seahawk, so I respectfully disagree with you. All the best to you anyway.

"So in-between the Merlin-1 and Harrier-1 sites they could have over 1 billion barrels in the ground? And we find out definitive Merlin-1 total available yield soon? Right after clearing all debt and with $14mil cash on hand?

Just getting warmed up on some DD here this weekend but comparing to other oil companies that own oil fields with this level of yield $EEENF doesn't even have 1% the market cap they should. If they really just discovered $50bil+ of oil on their claim (a seemingly conservative estimate compared to what current tests show) then this is a serious jackpot for shareholders that buy and hold here."

https://stocktwits.com/AUhills79/message/352270535

DD source: 88energy.com/announcements/

Time will tell as always, could go parabolic, then again maybe not and that is the chance you take when you invest in any company on AIM. All the best. xx

"With recent news (payback of ALL debts and heavy insider buying) it´s quite obvious they found oil at Project Peregrine.
Fields Harrier 1 and Merlin 1 will produce 1,6 Billion Barrels.
75 $ per barrel * 1,6 Billion Barrels = $ 120 Billions.
This translates to a 100 bagger stock within 2 years

Let´s go !!"

https://stocktwits.com/Jeff_Mila/message/352248019

I actually think that there is likely to be a buy out before the above heights can be reached unfortunately!

"Here is the case for 88E:
-Oil exploration company based in Australia
-Multi-Listed stock on ASX, LSE, Frankfurt and OTC-Pink
-440,000 net acres on the Alaskan Central North Slope and NPR-A
-Net Mean Prospective (NMP) >3.4Bils bbl oil, 1.0 TCF gas
-Four (4) Prospective Projects (Peregrine, Icewine, Yukon, Umiat)
-
$23MILS
less Q2 NWC in Cash, $0.0 Debt, 100% WI in properties, less Icewine (75%)
-Known/shared horizons with COP Willow (Peregrine) and Talitha-Pantheon (Icewine) discoveries
-Direct land access to TAPS (Icewine)
-Merlin-1 (Peregrine) confirmed HC at multiple zones
-COP Willow v. Alaska Native verdict in 9th Circuit (July)
-All management with 30yrs industry experience
-Management stock options $0.050-0.055 expire in Oct-2021
-Director and New CFO have unique M&A experience (E&P)
-DCF Valuation Model most Probable PT: $0.07-0.30 (Median: $0.18)
-Tight consolidation, good support at $0.030, $0.025-0.030 loading"

https://stocktwits.com/STINKPOTFEVER/message/352196949

"[For New or Returning Investors] In April, this stock ran up to $0.09 on the premise that perhaps Merlin-1 would yield an oil discovery on 50% WI in the middle of a pandemic with a Democratic government in-place and Oil at $59/bbl. What has happened since then? The Company has secured 100% WI in the associated project, Crude Oil has sky-rocketed to $72/bbl, the Biden Administration has confirmed/supported the viability of NPRA leases, 88E has cleared its balance sheet of all debt obligations, added $3.0Mils in cash, and confirmed definitively light crude in multiple samples from Merlin-1. The former director has doubled down on stock and 150Mils RSO issued at $0.050-0.055 strike. Honestly-if that does not get you excited as an investor in this Company, I am not sure what will at this stage in their development. Beyond that-there are significantly more catalysts, including Company plans for the 2021/22 drilling season, and possible partnerships or even M&A/acquisition."

https://stocktwits.com/BinaryLogic/message/352197294

The above poster seems very well informed and respected.

"Website updated to include an ESG Tab

Key Notes:
"..will assess the diesel usage from operation with it’s contractors. This is the main source of emissions from 88 Energy’s operations"

"[ESG] progress will be reported in our quarterly reports"

Q2 due in July"

https://twitter.com/HarisRad88/status/1411194700049141762

Indeed Ford, things could turn out very nicely for holders here! I just try and ignore the trolls and deramp crew members, I just filter on sight now rather than engage with them as engagement gives them the oxygen that they require to keep functioning, it's a great sign when more and more of them start to show up as it means that their boss(s) are concerned enough to send them here as presumably they are short or are looking to get in cheaper!

I think you may have misinterpreted my post, I should have been clearer that of course I was joking when I mentioned £5, the point I was making was that there will likely be a T/O here at some point that will obviously stop the sp getting anywhere near that figure or any figure over £1!

Happy to have clarified. Onwards and upwards.

"Ignore the "drilling season is imperative" posts, they're BS. What has been determined to be there, and will be sought with mud motors, horizontally, is not as dependent on "drilling season" at it used to be thirty, forty or fifty years ago. Just ignore that nonsense, accumulate and HOLD."

https://stocktwits.com/Theretherenow/message/352127015

https://twitter.com/HarisRad88/status/1410980200674910210