Member Info for js88

Know what a good farm out deal for conventional would look like. If we go on the basis of below: OSH paid Armstrong $400M for 125M barrels 88E will pay $6M for 120M barrels

I honestly think we will be back up to 2p before Jan, prior to the drill commencing. Farm ins and 3D should help stabilise the SP at 2p at least.

Red day

Is going on here today, down 10% for no reason.

Can anyone else see the delayed trades 1.75 mill x 2?

Are buys showing as sells again or are we having a selling session?

We could do with a sea of blue now after a few sells

Surprised this is holding up, thought it would have been in the 7s. I take it no mention on any JV - good old Larry. Sold out after Rabat Deep duster, keeping a close eye here. GLA

Hopefully it can now steadily climb knowing they haven't given up on HRZ

Traders taking profits. Need another sea of blue anything over 1.20p finish would be good.

Whats it at?

Topped up hoping we can get a steady rise to 2p in the coming months following 3D and JV announcements

Says who? 3D and JV news to come at some point. Who was expecting the latest acquisition, not many, that was a pleasant surprise. Who's to say there may not be another?

If you have any, may just be rewarded here. There is a lot to play for. At no point has DW said 88e will be giving up on unconventional, its just on the back burner for now. With all the new data they can work out why this particular well did not deliver and what they need to do next time. If they can secure a farm out a fresh set of eyes may just do the trick. It is lucrative considering a JV partner will get a better deal than if it had flowed. Is it worth potentially 3billion barrels in oil rich Alaska...i think so. Good terms on conventional and decent upcoming 3D could put us back around 1.5p. Drilling in Q1 could see us gain momentum and surge to 2p or beyond. No even mentioned Yukon Gold yet. GLA it will pay off.

No drilling this year, it will be Q1/Q2 next year but the remainder of this will be to secure JVs etc.

Do you think we can reach in excess of 2p a share with our other assets while Icewine 2 sits on the back burner/agree farm out deal? Also, would offers be made at this stage to buy out the company on the cheap?

Wouldn't agree with that one bit. I think you're looking into it way too deep.

All we will see now is a daily drop like we saw following the previous operations RNS.

Not good news on unconventional, will we get the oil out well that remains to be seen but its not looking likely at the moment. I know a lot of people are sitting on big losses such as myself, but further success on conventional alone will see the SP motor beyond previous highs. Not to mention the other 2 assets we have. We're expecting news on 3D and a farm-in both should help the SP in the interim.

Our friends dont seem to do us any favours!