Member Info for muscat

and who is going to pay billions? most oil companies no longer going after oil reserves.

How many take on the Government and win. With oil prices set to rise probably into the mid 100's do you expect the government to sit back and let it happen. The oil lobby is very strong and I don't think a few polar bears will stop future drilling. They can always be accommodated . Alaska is a very big place.

Share price does the same as 88E. moves up ahead of any results that always come out with major questions. This share will go no where until next drill is done and the oil is shown to flow and be commercial. This is months away so expect to see fall back to the mid 20's.

That is the problem Ecuagold. They have spent millions and several drills, with massive share issuance and we still have not hit any major oil play. Still will take funding and each time 88 get less on any farm out deal. could well work out but cant see anything major to move the sp for some time out. Thats why I have called it a day.

its not a ramp, just look at the fundamentals - they speak for themselves. Just stating my switch into something with better prospects. As a new comer to this board you should understand the difference between ramping shares and looking for value plays.

after being in this since the early days and traded it around, with last big holding sold on the last run up have now cleared out a block of 3m today. but Still retain 1m for nothing just in case. Original holding at one stage got to 23m shares. Has been generally a disappointing play but have come out with well over 6 figures profit. with 12 b shares outstanding this has been struggling and will probably continue to struggle going forward. Have increased my holding in PAN by over 100k shares today as it looks a more promising play over the coming months. Like the idea they can also operate all the year round against 88 that has small window each year. Shame but time to move on. Good luck to current shareholders.

WHY BE SO ABUSIVE -NO NEED JUST SHOWS YOU UP . So I miss read it.

This all looks good but it comes down to funding and how many more shares do they issue, as this will never attract the major investors . Billions of shares in issuance never abodes well . further 500m issued today on back of options. This is one point that makes the whole company toxic for many. Remember we don't have any where the depth of market making capacity as they can not take on much risk, hence price spreads and lack of pricing went market moves fast. Soon you will find prices quoted in smaller share lots pp on the bid side.

Could well be an amalgamation with other smaller companies in the area to form a larger oil company thereby providing the resources to develop all the potential oil fields for production. This would leave 88e open to major share consolidation as with the others and probably a rights issue at the same time to fund the development. Thereby doing away with this continue call for funding, farm outs ( giving half away each drill) and further share issuance. This could result in a major oil player for the region and give shareholders a very large upside. Room for thought!

Remember IG TOOK SOME 900 odd names off their trading list and now require 100% margin for any stocks traded. So you need to put up the cash and watch it as should it fall further funds would be needed or you get closed out. Also you have to sign agreement for them to hold your funds and remember the funds are not covered by FCA.

88 found oil at multiple intervals in Merlin-1 with larger oil column shown in target zone in Nanushuk. Data indicates light oil so far. now need to test for porosity and permeability .

just waiting to see if OTC moves ahead and that will confirm the info I have heard.

Something cooking here.

The MMS watch the market moves across the listings and will take into account the prices upon closing and will open prices accordingly , then they trade upon the flows they see. Subject to any news flow of course. and the currency moves.

OTC as you know is in the USA their close will influence ASX opening and we in turn follow ASX closing price. This could be anywhere so your suggestion of 3.3p does not mean much. The reason we when up this afternoon was because otc pushed up in our own trading time. Asx is another trading day. Thats the closing price to set our opening.

problem we don't have 8bn barrels and never will. Don't tell everyone as I want to keep selling into the rally.

Still in with a few 10m rest have been sold on the way up from my last buy of shares totalling 12m at sub .0035 these have been sold in blocks on the way up so very happy to date. As free carry now I will continue to sell into marks ups. The history of this share does not abode well for those being greedy and chasing for higher prices. Time will tell which view is right.

We don't have any oil to date it has to be commercial and FLOW. Both in question currently. AUD$5 looks in the clouds - many must be on the wacky baccy. But I don't mind the higher they push , I keep on selling chunks into it.

12bn odd shares in issue, Aus 14m in cash, one well with only 50% value to us. another year before any further drilling to be done and then how to pay for it. Share price soring away. Something tells me its one big ramping exercise taking place. Fundamentals don't add up. perhaps takeover or some corporate action which will mean small premium to the sp and massive consolation with probably rights issue for drilling funds. Buyers beware and sells take profits before they disappear.

Having been on this for years and traded it around, my last purchase being .0027 now sold many in small blocks of 500k on the way up. Now only 10m left to run up to drill results at sub 1p. Who knows , upon track record one has to derisk. Maybe this is the one. Here's hoping.