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I feel we are in a critical position make or break for 88. if the farm out fails we have very little prospect of hard currency.
If we do get a farm out with a prospect of income its game on again and opportunities galore. thats the nature of what 50/50 means here. The word Yukon is not a magic word like abra kadabra its merely a piece of land with oil underneath it and without farm out 88 wont have access to it.. oh yes maybe a yukon farm out in 2021 if we have not folded by then

SK4 Security the announcement may be only to tell us that more time is needed. That has been the theme of DW for several of the latest RNS because of the complex nature of farm out Legalites

This has always been a high risk 50/50 share but now we are on a knife edge. FO partner selected but with no guarantee of a deal. No deal means no money. And as for people who think we can get 10p 30p etc if that were the case why is DW setting his stall out to fill his boots at 3p. Perhaps 3p is now all that we can reasonably expect now that we are sub 1p. Our options are becoming thin on the ground now but there is still a chance to come good so I'm still in but in as a realist

Neil22 who says the farm out is imminent? DW orgionally said end of Q1 Farm Outs can be incredibly complex his more recent statements talk about "an on going process" and "if more time is needed" I would be very surprised if we got a result by end of Q1.. and dont forget its not a given ether party can walk away. Those im afraid are the facts.

if we hit 1p at the end of the day I will show my ass on the man road

Brombard why talk of a done deal. DW did not say that in fact he said there is no guarantee of a deal beng done.. its all hope and maybe at the moment

Stretch beyond Q1 it could stretch to Q2, Q3, Q4 the complexity of farm out legality is enormous, its much more than its our land, you dig we get 30%

Adding to what value? We are on the way down valued at 0.7p if we get to 1p again it will be like the pound party here. Personally l am dismayed at the constant neutral news that offers nothing to give us heart or encouragement. Just stuff like no guarantees that there will ever be an agreement on the farm out.. Without a farm out we are well and truly snookered. Another whip round and 12 billion shares in issue

The clue is in the opening sentence. Yet again Mr Wall did not open the RNS with "pleased to announce" well with such muted neutral things to announce there was nothing pleasing about the RNS and looking to "add value" in 2019 is really the dampest squib of the RNS

Wow another ongoing RNS farm out ongoing, Yukon ongoing, but you were a screaming for more RNS and what have we got more of the same. But this time a very neutral flavour on the farm out..

Wow another ongoing RNS farm out ongoing, Yukon ongoing, but you were a screaming for more RNS and what have we got more of the same. But this time a very neutral flavour on the farm out..

Much less than 50/50 I'm afraid. They are doing all the work and paying out all the money

We need to stop this Panic now!!!! Winx was a duster and now plugged but we have everything to play for with the farm out and Yukon. I only act on RNS not rumour and scare mongering.

Fabulous presentation the price is still 0.7p to sell

When talk about whats happened I know I speak for many investors here and in general , Firstly I am glad to say that the majority of our portfolio is in vested in property and some blue chip shares so I feel 100% safe financially. Having said that my wife and I now own 3 Million of these shares, I was foolish enough to buy another 500,000 shares a few days ago at 1.007p I have now invested well over £60,000 in this company and it currently worth around £24,000 at 0.8p a current paper loss of over £36,000, I started off like most people here with a few shares over 3 years ago, I understood the risks because ive invested in risky shares previously and lost 100% of my investment on more than one occasion. But I read up on 88 looked at the glossy reports listened to views and over a period of time bought more, then the price went up.. Should I sell?? no Im staying in for the big one (the one that never happens) then the price goes down, so many people buy on the way down, the main cries are LOWERING MY AVERAGE or PICKING THEM UP CHEAP. both of those phrases are actually losing a grip on reality its throwing perfectly good money afer bad and Ive done that all the way from 500,000 shares all the way up to 3,000,000 shares. it is painful to see such a paper loss as I am sure many of you are also aware. but what to do now?? the DYOR brigade can tell you about permits, the local geology and how many billions of barrels of oil there are in our area and that Armstrong has hit the Jackpot... Not one of the DYOR brigade talked of oily clay and closing down winx... but thats what happened thats the truth... Next the farm out... are we going to get serous money per barrel of oil or are we going to give it away for pittance because our situation is becoming less secure by the day, Now that Winx failed in the ruthless world of business, the potental farmee has the upper hand and can now make a less generous offer at the very least because thats how cut throat business s in the real world,,, We have to hope that we get a fair result from a farm out and that the billions of barrels of oil that we have in Yukon that will make everyone rich but for 88 yet again turns out to be oily clay. but maybe they clay is not in yukon just oil,,,at least thats what we all hope for and why we are here lowering our averages and picking up shares cheap on the way down......im sure many of you feel this way please share your thoughts and experiences on this subject.

15 Days to go?? in the real world there is nothing to stop DW saying Farm out Legal situaton is so complicated you will get a result at end of Q2...

Are there still people here that do not understand the risks? or even worse than that people who do understand the risks and bleat when what is a clearly 50/50 chance goes wrong, This is the nature of the share we are in, That is oil exploration. dont be fooled by 3D charts as a banker, Sure oil is there but we have to find it physically with a drll or hey presto yet another duster like winx, I mean clay with a bit of oil... that folks is the reality of this share....For me thats still ok but for many the sudden steep decline in the share price is for many including myself a bitter pill to swallow. For myself im in for the long term to see what happens with the farm out and Yukon. If you believe there is nothing here for you, perhaps you should cut your losses and leave before you lose everything because thats a possibility, but if you fully understand the risks we still do have a slim chance of making this work. Im staying in

The lemmings have yet again run off the top of the cliff and died on the clay surface with a wafer thin oil film

Nobody would pay 10p after we just shut a clay pit with a smidgen of oil... How come Armstrong finds everything and we find clay?

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