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If there are good figures with the farm out I think the share price would be re-rated accordingly 1p, 1.5p, 2p etc depending on the figures of course.

Lambo222 Who said Shell is our FO partner l thought everything was still in confidence

Jiddy
My wife and I hold 3 Million Shares in ISA's between us so were in. Ive always been in for the long haul.
Ive read up on how complex the legal system of the Farm Out is with an unlimited number of possibilities that can be considered or discussed , So I understand why it will take months, Having said that we have all now moved on from expecting a result at the end of Q1, Now we are all expecting a Q2 result.. will that happen or will it be pushed back to Q3 because of the sheer complexity of the contract

Bridgedogg1... Ive been watching people scooping up bargains as it went under 4p all the way down to this lowly 0.75-0.8p. I took bargains at 2.65p and 1p looked great at the time but in hindsight very poor moves.
Bottom Line.. Unless you are 100% certain of a Contract Signature on the FO then its still a 50/50 gamble.

Wow Jiddy

Cash up front, no future drilling costs and 30% of future profits..I wish you were negotiating for 88 if thats what you think we can get.

Phrontist
your making the assumption we will make 3p.
if it comes good, the FO is realised that means in time we will have a genuine source of income. the price will rise
and we will be able to raise cash in the interim period either by a bank loan as we will then be respectable and have future income or by selling shares but by that time the price should be such as to make a cash raise less painful.
at least thats the way I see it, but if it moves to 3p under those circumstances then there is the potential to go a lot higher in my opinion

SpineFX Oil dosnt have any relatonship with 88 inverse or otherwise only when we have some that we are selling ie FO will any relatonshp form

Well oil is going up and 88 is 0.75p to sell

Oil prices will not affect the price of this stock in any way shape or form. The reason for that is the market needs to have confidence that 88 has oil. You can get at the oil at a cost effective price and you can sell the oil. Now if we get a FO then and only then will the price of oil become a factor in the share price.

If your looking at what we can achieve price wise look at the man in charge. He's pitching everything at 3p to fill his boots.

This was a good RNS will the people who have Q1 FO stuck in their brain please understand that this is not the case. Its not like ordering at McDonald's and getting your food on time. Its a ridiculously complex legal matter that can take many months to deal with

Looks good to me. I'm in Kuala Lumpur at the moment so I've not woke up to read it lol

You can still use the word preferred bidder even if there is no other after all any bidder is preferable to no bidders at all

Bombard did l read you right? You would be happy with a cash raise? That would most likely be in the region of 0.3p giving us 12 billion shares. I for one would not be happy. Pray we do not have to consider such painful measures

I think it's a fair assessment of where we are with good potential for the future. I'm staying in

You are so right marineville

Do the angry impatient people here still not understand how complex the legal side of a farm out is it can take many months to complete if not longer. Perhaps such novice investors should stick to one percent ISAs

Farm out looks encouraging but l have not seen the words Tier One in the report. Maybe it's Red Emporer lol

But Oil is no good if its oily clay as in winx

ts still 50/50