Member Info for Laverda

Agree 00.02. America has an awful lot of debt to be messing about. Trump prior to Covid, had increased tax receipts and was not renewing $50bn of debt per month. He did not reduce their debt. Covid is the priority then see what the damage is afterwards. Glad I am neither American or working in the oil industry in America. We are used to delays with AIM shares, lost track of heart stopping moments and missed opportunities.

Thank you for the replies yesterday, I had to leave. Awaiting further news with interest. Are any or many of the Democrat states oil states? Like someone said earlier he has to get has plans through both houses.

Never a dull moment on AIM

12:40 - so assuming that 88E continues, as we think it will. Others cannot start up so easily. Will the Alaskan government still be able to give financial 'encouragement' to companies already developing oil fields in Alaska ? Or would that end? At the stage 88E are now, was there any further government assistance due to them in the future or was that just in the earlier phases? Does anyone know?
The pipeline has capacity so no expansion required there .

12:29, I wasn't sure if you were adding that to complaint - cheers. I have been in and out of 88E from near the start, as Brom and others will testify. But tend to stay off here for that very reason. I have even been followed from one stock to another by trolls and or/rampers.

I hope this works out, I think like D Wall, that it will continue and they are in a good position to proceed. The only possible issue I see is the share price not rising as high as it should on positive news, which may create issues when raising more capital. However, best take each success and failure one a time. The unexpected continues on AIM. My green share was a delayed by a coup! Never saw that one coming.

Ddraig 11.04 is Brom

Even if 88E is not directly impacted there could be indirect implications. Exactly what they (Biden & Co) have signed and what they are signing up to will all have to be analysed. I think that it will take time. Remember Obama signed it last time, but did nothing with it, it never went through the house. On the positive side, if they do, it may remove competition. On the negative it may ruin Alaska and America's oil industry. I do not know why a county which is around 47% wooded and produces more renewable energy per person than the UK would sign up to the Paris agreement. People thought Trump was stupid? There are expanses of America which will never be able to comply and America will be paying fines. Mad. Damaging America's oil will damage their economy and independence, there will be trouble down the road somewhere, if they mess this up. Ironically my green shares have not risen in value sufficiently, (due to a several month delay) to reinvest here, I thought I was going to miss out, so for once I got a lucky break or I would have been heavily invested here. I feel sorry for you guys who are heavily invested waiting for the next step, which may have been only weeks away .

Brom I had a red one, it was a Jarama converted to a Slaters Jota but still with the Jarama seat. It was the most fun road bike I ever owned. Very stable even 2 up and would corner safely with phantom tyres on at 90mph plus. Incredible for 1979 engineering it did not flex like the Japanese bikes did at high speed. It has brembos as standard, which were even more advanced for their time but common piece of kit now. Nice picture. Cheers.

Who is Des O'Conner?
Let us hope in 10 years time they are talking about an oil baron called David Wall and his greatest hits! Just a few more days until the next major news.

Is increased the same level as elevated? From memory there were two increased and one elevated?

From only what I have read. It is a sliding scale. The cheaper it is to extract the more you get paid. If it needs a lot of coaxing then the return will be lower. Best take each piece of fact at a time.

Resistivity is the bigger one, could signal hydrocarbons rather than water at each of the crucial depths. That is why I am excited. But of course initial readings are not concrete proof.

I do not think it was a badly worded RNS. Gains for most on AIM, in my opinion, are mainly made before the pivotal RNS. In this case the traders can't make any decent profit to justify the risk therefore here we are, multiple gains or losses to the long term shareholders no-one else involved- for once. Nothing they can say to influence this share at this stage only DW'S RNS.

I don't think DW leant toward positivity, we have been here so long we understand him a lot better than we did at the beginning. Great to be at this stage at long last. Alaskan oil isn't usually gushing, so I am expecting an RNS which will take some deciphering. But you never know.

So far I have not seen any negative reports from the trade oil journalists- therefore I am as comfortable as a person can be when so near to a major announcement.

Don't get baited. I get drawn in now and then too. That reads well to me. The lab results only will dictate the outcome, hopefully where they drilled is indicative of the area one way or the other.

No complaints about DW or 88E. Small world up there I cannot imagine much is secret. We just sit tight and wait.

crunch time is here - not everyone trades on those moments - hence the share price move. As I wrote many months ago (before they drilled the last well) I did not believe they should have gone for the last vertical well - it was a high risk strategy - although as someone pointed out lower from a drilling perspective. I do not think it would be as nervous now had they gone for a horizontal drill but here we are...
Nice to see a lot of familiar posters still here - at least it isn't boring.