Neither has the funds to do anything to hell the other so im not sure why partnerships are being spoken of. Right now sharing info and helping each other on the ground is lovely but when it comes to a JV both will partner up with a major to get this funded to production! Let this oil flow good and the rest will happen in time.. just my opinion!
Toffers yes i know about 88e, made good money there in 2021. This time around is probably the best position they have ever been in to hit commercial flowing oil! The oil is there this time and we know that. Flow test under way so in 10 days we will know. I have a strong feeling the oil is going to flow and with a horizontal well the flow rates could be amazing. This will be a game changer for 88e and the holders. Any investment comes with risk DYOR. M
Whats happened here? Price has become cheap as chips!
Toffers i would like to think there wouldnt have been an extension unless he was seriously ready to make an offer so just hold out it will come! I sold out and bought in to 88e but if i had some spare capital id jump in again at this price and wait for the offer!
Taximan what makes panr a rival? Maybe the shareholders hold some sort of rivalry but the companies obviously do not and really have no reason to be. Extra support snd expertise on the ground i think is a bonus in ensuring they get this right! That shows me 88βs intent to do everything correct! And in terms of delays these can happen, unless we know the reasoning behind the delays its hard to blame the company for it as it could easily be due to factors that are out of there control! Just a different way of looking at it and my own opinion!
Killerpidg, i wouldnt say your kidding yourself at all. This time around there is so much info pointing at a positive result! And also everything seems so different no over hyping!
I was in around 2020 and sold in the 2021 spike but sold a bit too early! This time around i feel they really have something solid here, we will know in 10 days or so!
I personally think we will stay around here or possibly have a small rise at the end of the week or early next week in anticipation of the results. But the results is what will drive this up! If we get the first set of results and we flow well then between getting them results and waiting for the second set of results i think it will be boom time! Ive got a good feeling that the first set of results are going to be positive but thats just my own thoughts. Anyone else have any thoughts on the first set of results?
I agree galicia if there was going to be a partner going forward it wouldnt be Panr. Depending on the size of this discovery and the flow itll probably be one of the big boys coming in for it! Which is fine and how these things generally work anyway! Lets make a huge discovery thats flows well and the rest will fall in to place!
I think they want inside info on 88βs discovery and 88 could use the extra experience on the ground so its a win win for both sides i wouldnt look much further in to it than that! What does panr have to offer apart from knowledge, are they not in a load of debt?
Bridgedog i like how try to speak for the majority. No believes that other than a few. Anyone that doesnt believe that doesnt need to be here! People wouldnt be investing if they didnt believe. Anyway no point debating this any more! Flow test is under way in 10/12days we will know if the first zone flows and its as simple as that! First zone flows then watch what happens here between then and the second set of results!
If your bitter about being stung in the past you can always move your money else where! Unless of course you know there is a big opportunity here which is why all you moaners have stayed, so stop your whining and wait and see!
Readbeard- Does emotion not drive a lot of spβs to go up thats a part of the game. No reason why it cant happen here. If the oil flows well then anything can happen in my opinion. i dont understand what your trying to achieve with your doom and gloom!