The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Charts are showing been completely oversold. Can we Expect a sharp rise?
Would not put a price on it , but a think at some stage next week there is going to be a significant rise. If any positive RNS drops then name your price when everyone piles back in
See you on the other Side or 50p a share and a cheeky wee dividend sooner or later ... long term this is a huge opportunity getting in this low !
For someone who’s so negative around this share you have a lot of interest in it wolves . You know fine well your sitting waiting on that moment to buy in who you kidding or you wouldn’t be sitting wasting time or energy on a thread .
This time next year this will be over £1 a share might not happen over night but it certainly won’t be at these levels long .. price will surge north quickly and react to all the buys coming in
This can go up and down several times within 25 days .. but one thing is clear is that there is a lot of folk sitting on the fence ready to pile in as they know how much potential is in this stock long term. Once the heavy volume starts piling in you will simply miss the ride as it’s only going to go straight back up . Hope an RNS catches the de -rampers out !
Very exciting times here hope a wee RNS is due soon
Anyone any idea who is loading up with multiple 20k buys each night around 1.15 , 1.20 p ? Must be the same thing person ?
Sell on news bounce back few days time
https://oilprice.com/Latest-Energy-News/World-News/EIA-OPEC-Cuts-To-Lift-Oil-Prices-Through-April.html
Whoever is loading up every night on the cheap with multiple big buys knows about the oil !!! This is going to rocket
Seems like whenever it goes near the penny buys come in and it looks like the company may be buying in on folk selling out short ... clearly someone knows how much thus is going rocket when that news comes
Support at 1.05 we can see 2p today it is possible not all doom and gloom
Best post I’ve seen today !
There are some crazy valuations mentioned on reddit but I thought I would try and get an idea of the best case upside based on the company's latest resource report.
Looking at the geology map on 88energy's Peregrine prospective resources report it seems that the Merlin-1 drill will drill through all 3 of the Nanushuk targets. The main Merlin target and deepest is N14 and is the same geological layer as Conoco Phillips successful Harpoon discovery 50km to the North. However even though they are unlikely to have the time for the Harrier drill targeting the other two Nanushuk targets at their optimal position the Merlin drill will still intercept these layers, N18 and N20, and so it is possible that they will check the reservoir properties with logging while drilling or more as they drill through them or on the return testing phase.
So although the drill is primarily targeting Mean prospective resources of 645MMstb in the N14 it may be able to determine reservoir information about the other layers too, I don't know if the company has proposed this. If a discovery is made then they will case and then carry out a flow test. Assuming $3 a barrel for 88energy's 50% share this one Nanushuk layer alone could be worth $1bn if sold to a major with plenty of upside as the high case for N14 is more than twice the mean at 1,463MMstb. So the mean case is 7 times the current price but the best case is more than double that.
So lets hope they end up with a successful flow test like ConocoPhillips achieved in the same layer. If the well is unsuccessful then as well as the re-interpretation of Charlie-1 there is the additional fortunate back up that Pantheon resources could get Talitha well to flow from the Kuparuk next week which is a layer likely to extend under 88 energy's acreage. So plenty of upside and possibly some protection from the downside.
https://finfeed.com/small-caps/energy/88-energy-prepares-spud-while-neighbour-has-success/
Yeah the boy claiming to buy a million was at the ham !
1.30 paid ... let’s gooooooooo
Boy on Twitter claiming he is lining up a 1 million buy
Buying coming in from all angles now as expected .
2p being tested is not unachievable .
Need someone to come in with a HUGE buy again like yesterday and we will soon see more folk jumping in again
Someone sold 50k at 8.45 that’s what’s not helped the price ... but I bet they are kicking themselves now !
Another 17 k buy come in at 1.195
It’s certainly going blue 1.20 now on the ask
There defo a takeover or a massive leak either way with that level of money and volume worldwide this is only going one way and that is up .
20k was just taken at 1.127