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BenFOGL Strong possbility of farm out this week??? Based on what ?? a gut feelimg?

Farm out announcement MAY!!!!! come in June Im not holding it as a definate

It matters not how many trades or days we were at 4p thats old news. what matters now is the Farm Out, What sort of deal we get, that will affect our share price for good or bad. As this is new territory we dont know how high or low we can go

RNS Will Come when DW is satisfied that the fat lady is ready to sing and lets hope she singing the man from DelMonte who likes to say yes

not with 12 million shares traded if the cat was out of the bag trade would be in the hundreds of millions

Nigoil
I doubt if the price will take off, it may rise on speculation and rumour prior to RNS,
I think after RNS it will be re-rated up or down depending on the RNS just my thoughts

4 million shares bought at 1.05p interesting

HHH81 I want to take issue with what you have said. DW & Friends have had lots of ideas put forward in the form of RNSs but none of them have reached financial fruition yet.. thus up down up down ect and its true lots of ramping along the way..

A farm out is different, its a structured to get oil out of the ground. the rich folk wll pay for all this while 88 as landowners get rent revenue from oil thats taken out of the ground, so as a company we will have a solid base with solid income over a period of time. The Share should be re-rated accordngly to 1p, 2p, 3p etc depending on the deal and how the market perceives the farmout

No im just joking as far as im aware red Emporer don't have any money apart from a couple of million dollars tax refund and a bit of loose change in the bank certainly not digging for oil money

What's wrong with Red Emporer they are our farm out partner lol

Neil yes you are correct I always get my email RNS in the middle of the night

As AUS finished at AS$1.70 and its AS$1.81 =£1 its hardly surprising that we are a but off today..
Unless we have serious news or serious rumour we will stay pinned to the Australian Dollar as far as pricing goes.

Ladies and Gentlemen at 13:19 a purchase was made at 1p

Soon people will have to pay the princely sum of one penny and more for an 88 share. And for those that do research dont forget The man himself Mr David Wall has set his stall out at the dizzy heights of 3p to fill his boots.
I recently bought a million at 0.85p before they dropped to 0.7p but now my wife and I now have an average of around
1.5/1.6p ..... If I have the opportunity I will sell half our shares at 3p getting all our money back and keep the remaining 2 Million shares to make a fortune or go bust whatever comes our way.. I would be interested to hear other peoples plans

19 Million today already interest is developing

We have a good day and everyone wants the pound party in advance it took us a long time to get from 4p to 0.7p so by the same rules it will take a while to climb again unless of course DW comes up with an exception FO then it's an instant re rate but for now relax and enjoy the possibility of positive sentiment

Its been a good day today, We have gone down recently Im just looking at it as the ups and downs of the stock market
Perhaps we are attracting some interest or the MMs were looking to offload some stock today. I doubt the suggestion that 88 is a leaky ship,

Would that be 3 dollars a barrel times 2.2 billion barrels giving 88.. 6.6 billion dollars cash... Excellent idea, im in

ET and with us having 6 billion shares our value is 0.3pence per barrel when Brent crude is 62 US dollars a barrel interesting maths don't you think?

I agree Ross it's going to be a long haul process probably with a long term plan. Hopefully with an improved share price but l also expect that to be modest unless its above our expectations