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I hope it doesn't take 50 + Wells as far as I'm aware we have 1 drill in 2020 and if all is well another in 2021

The oil has always been there it's the getting it out that's the problem

Brombard thank you for your support. By de risking 1) if we go bust I've saved £24k
2) if we go to 3 or 4 pence l will start to show a small profit. 3) if we go to 0.3p as a result of rights one can pick up 5 million shares for £15K. Unfortunately l will never get rich now but l won't get poor either. That's what de risking means to me. Still happy to be in for the long term with 1 million shares

I'm not sagging off the share I'm de risking and keeping a million as a more realistic investment for me. And my observations about finance here is based on recent history at 88

What part of 88 not having any source of income don't people here understand... Cash Raise.. Rights issues etc. Or maybe a bank will lend us money at base rate plus 2 percent? Because 10 billion barrels of oil under the ground we lease is currently worth Jack unless you can get it out of the ground

Nigoil l know exactly what I'm doing unless DW comes up with something else ie other farm outs and waves his magic wand over Yukon we will need to raise cash which will seriously affect the share price. We are a company looking for oil.. so far we have a few 3D charts and have found some oily clay. And Premier are going to dig on our behalf in 2020 and maybe 2021. We have to pay the bills in the mean time

Jiddy l already feel much better and I'm still in for the long term

I'm so disappointed with what has happened and what is happening with 88. We had 4 million shares and I've now sold 3 million lve taken a large hit but hey £24K cash is not to be sniffed at. I've kept 1 million just in case. I'm my case a much more acceptable risk. I'm going to use the 24k to buy blue chip high yeild shares. When l hear people hear shouting buy in at these cheap prices they really should keep their mouths shut.

What news will be next? DW won't do a cash raise because he will keep the company going till the 2021, 2nd drill on the half a million windfall from premier.

Well a billion shares at 0.7p is another 7 Million Pounds thats ok then lol

2.6p excellent did they say anything about rasing cash like you do in the real world?

Ive been here 3-4 years now with this share. and now we are talking 2021 and we may if we are lucky get a sniff of the black stuff. But We have to survive until then. Every Cash raise adds billions of new shares. We were all hoping for a bit of cash to keep us going from our partner.. Thad did not happen. As we are in the same precarious positon as before no one will lend us money so its the speculators who will buy extra shares at a discount further watering down an already watered down company . Its not about seeing what will happen 2020 or 2021.. Its about if we can get there and will we be a viable company with 12+ billion shares

Now we have a farm out deal in bag with Premier Oil. That is not the end of the story its just one finger in one pie. There is Yukon and the possibility of other farm outs on our land stock. Exciting times ahead

Why oh why did DW not open up with "we are pleased or even delighted to announce" it's like he is not confident. Sometimes he does write it. To me it's a sort of guide to what's in the RNS. Just as well we have looked at the RNS now. 95 million traded here yesterday with a real downward kick in the teeth. So it was nice to see OZ up and now we are moving north again. What a difference a day makes.. And please DW be "delighted to announce"

Investor 84 you are just talking about the short term share price.. im talking about the long term investment which is now sound

DW delivered the farm out as promised its not tier 1 but I dont think he said t would be
We now have an agreement to drill for oil with a partner as promised
When we start to drill we have a good chance of finding some of the billions of gallons of oil down there
As far as I can see all is going to plan. The price should be going up. if you have a gang of unhappy people that want to sell fine. Im Happy, Im in and im staying in to see the drill in 2020

We have all waited a long time for this moment. A good deal will give us a significant price rise.

A poor deal will keep us where we are. And no deal? I don't even want to think about that

DW this is your moment

This company has 6.6 billion shares so what if somebody sells a couple of million it means nothing

I dont understand all the fuss, this is a long term investment . So the price s eroding so what its just market sentiment
We know The farmee has given us money, Their is a good chance a deal will be signed involving drilling for oil and 88 getting a share of the profits. as we all know the devil is in the detail but there is no reason why we will not get a decent lucrative deal and the share price rises accordingly

LOL? we hit oily clay with winx and shut it down