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DYOR can in many cases be valid eg having good knowledge about company that is in business, The Product, Balance Sheet, its market, growth potential etc then DYOR is worthwhile.

DYOR with 88 is a complete waste of time. People here have read everything there is to read around this company . they know all the staff as if family. they know every inch of alaska by heart. they know everything there is to know about every oil company and every drill that has taken place in alaska. They have seen discussed and interprited every 2D and 3D drawing ever produced in and around our oil area. Biggest Drill in the world in 2020, Seven Levels, more 2D and 3D photos than the Encyclopidia Britanica billions of barrels of oil for the taking.. But we get a duster AKA none commercial oil and gas that nobody wants.. Bottom line it was always 50/50 unfortunately we got the wrong 50. The well reasearched are still here with full holdings currently researching Buying this other company at a premium and please god somthing happens with yukon, the final throw of the dice before the lights are switched off on the way out

2 pence... lmfao not even a penny for your thoughts its 0.24p and most likely to stay that way

It's OK saying what Oil and Gas we have. If it was any good DW would currently be negotiating with PMO and other companies with deep pockets about how much a barrel they are going to pay us. And I've not heard of any interest about the gas we found.

Thus the new idea buy another company like ours at a premium and hope somthing happens

I have been here a long time now, I have seen , Pretty Pictures, Talk of Drilling Success involving billions of barrels of oil.
Farm out, Ugly Nasty Cash raises which weakened the company at every turn, Failed Drills which some called Dusters.
What I find irksome is that the die hards here challenge the word duster in ernest. it may not be technically correct but I think the implication is failure and that is correct.

and now PMO leave, not lets look at the figures and consider our situation.. No as soon as the drill was finished the taxi was at the door waiting to take them home

Latest idea Buy another company, Pay a premium for the shares and buy more land just like the land we have...oh yes the land has billions of barrels of oil in it just like our land with our billions of barrels of oil.

Pity the share price does not reflect the billions of barrels of oil
instead we go from 1.1p to 0.24p in the blink of an eye

Biggest drill in the world in 2020 now a non commercial duster with oil and gas which nobody wants
But hey lets have a look at the pretty pics in a few weeks time and see where we are at

If it comes off we get more acreage ( at a premium price) just like the acerage we already have with nice pics to boot. We need farm outs and drills not more land. If we can get farm outs and drills, fair enough

https://www.youtube.com/watch?v=go6PFNhLzr8

We are all in the same boat it was always 50/50 but each time it was the big one ie winx, charlie etc it was the wrong half of 50/50. with each failure the lights grow dimmer here.
The optimists among you say lets wait and see what the figures are in a few weeks/months and of course there is still Yukon to come with farmouts (maybe)
We all chose this share for better or worse im sure we all knew that we could loose everything. Ive gone through the stages as im sure most of you have.. Disbelief... at the poor results of Charlie... Anger.......Blame, its all DW's fault... it isnt he told us all from day one it was 50/50...... Pain.. Realising the loss we are all gong to have to swallow financially...... Finally acceptence .....This share has lost the vast majority of us a great deal of money its now a question of, do we take whats left and sell up and move on and start again? Personally ive been hit really hard but it wont affect my retirement, for that i am grateful.
I believe its no longer 50/50 more like at 10% chance success and perhaps im being a bit generous
im still in but for how much longer I dont know

The main form of dilution here is the cash raise, new shares at a reduced rate (if thats possible) thats how over the years we have reached 7.3 billion shares at these prices a cash raise will give us 10 Billion Shares

why would they want to we dont own anything

Well Well Well when we hit rock bottom OZ finally takes the lead in price.

DW is looking for farmers, at Yukon. Took us long enough to get PMO for the last farm out because of the complexity of the legal farm out contract

Many of you optimists here are saying wait and see what the tests say in a few months time.. PMO packed up and left immediately.. I saw no announcement about coming back in a few months to look at analysis and glossy pictures.. They drilled and saw all they needed to see.. Even if the analysis shows oil.. We already know that. Maybe the optimists among you think the results will be so good a Tier 1 will rush in to save us

Jiddy a good announcement? 20 percent of stock traded in one day , PMO done a runner. Clearly no Commercial Oil for extraction. AGM = we have a bit of cash... Yukon farm 2021....HRZ maybe someone, somehow, somewhere
What didnt he say ?? oh yes Cash raise because we dont need it today...Be Postive!!! we will however need it before Yukon 2021

Lots of hype pretty pictures, Billons of barrels of oil. then oil not found in commercial quantities. seal up well and start again
Roll on Yukon 2021 all eyes on a farmout. it seems to me the chances of success are a lot less than the 50/50 people talk about with several failiures in the chequered past of 88 Energy. If it was 50/50 we should have got somthing from 4 attempts . you do the maths.

Another familier sight is an AGM that shows money in the bank ..OK so far enough to keep us going for a few months... Sound Familier?? IF we get a Farmer it will be 2021 for a farmout 12 months+
Dont forget all those months with PMO negotiatng that complicated contract.
We will at some point as sure as eggs is eggs need a cash raise and in our current predicament as far as im concerned is a bridge to far.

I now have to consider my positon with 88, ive enjoyed the ride, I came in with my eyes open knowing I could loose everything . We are now fairly close to that with a price around 0.3p and below.
im consdering keeping a token number of shares just in case

Good luck for Yukon 2021

Yes l lost somewhere over the 30 grand Mark too Jiddy. It was a bitter blow. I am fortunate to be without a mortgage and own a couple of rental properties l also have blue chips so my life position will not be threatened in any way.. I won't of course get the luxury car l wanted but that's OK. We all knew it was 50/50 just so happened it was the wrong 50. I have some investment experience and knew, from day one that in this type of share you can loose everything.. We played the game and lost.. Is there anything left after this for 88? To be honest l haven't a clue

Jiddy a bit of letting of steam is warranted under the circumstances.

Jiddy a bit of letting of steam is warranted under the circumstances.

The only bounce you will get with 88 is the dead cat nounce

Still on the oil watch and 88 price.. Almost everyone here said if this went belly up we would end up at 0.3p surprisingly it went belly up and for once everyone was right

Yesterday 20% of our 7.3 billion shares were traded. We dropped 70% in one day. PMO did a runner and here we are today. We have an extra billion barrels of oil that nobody wants

What do we have left Yukon and HRZ.. again billions of barrels of oil.. Do we take the view one of these are going to make us rich?

Certainly the biggest drill in the world in 2020 with 7 possible bites of the cherry didn't come up with the goods. And our professional oil company partner who invested 23 million dollars quickly decided no further action needed and quickly left the building never to return.

As we own nothing and have found nothing that anyone wants we need money again.
If anyone thinks that the net lot of shiny pictures and statistics are going to be any better good luck with that one.

Bottom line we will run short of money soon
All we have is HRZ and Yukon
Oh and the shinny pis and stats of the latest duster
Good luck All