Member Info for nutsy2012

Like many others I definitely see no news as good news. Patience is the key here ; I’ve waited 4 years so another few weeks won’t make any difference. I have a sneaking suspicion we will get a good deal but what actually is a ‘good deal’ in this context? $450m in cash Free carry on 20 wells 88E retains 30% I’d be more than happy with that but what would the SP be then? 8-10p? Still holding my 2.5m shares for the £1 party but let’s have that FO deal first DW.

I totally understand the frustrations of everybody but essentially we are very nearly there. The doom and gloom merchants are out in force but the question is if you turf out DW now who do you replace him with? Makes absolutely no sense to change things. I think it’s nailed on that if there is a FO the Tier 1 Company will insist on having somebody on the board of 88e to oversee things (I have said this before) which should placate everybody (except Lefkosia who is never happy) We will have news this week I’m sure. Keep the faith people and you will be rewarded handsomely. With the right deal I see 10p as being achievable.

I think we all need to calm down a bit quite frankly. As many on here will know I hold 2.5m at an average of 1p and have held for 4 years. I wouldn’t be at all surprised if 88E offered a seat on the board to the Partner which would work both ways. We get access to all the in-depth knowledge we could possibly want and our partner is able to watch their investment very carefully. That’s what I would do in DW’s position but WDIK? I’m pretty sure a deal is done it’s just the terms they are haggling over IMHO. Let’s just all take a deep breath and keep the faith. As mere investors realistically we can’t do much else.

I’m a LTH of 88E and after the Winx-1 setback last week I’m not sure why RMP is up so much? Does somebody know something we on the 88E BB don’t? I thought the RNS was clear ; Plug and abandon and therefore no Side well. Did I miss something?

When I calculate every asset 88E has and the barrels attached to those assets I reach £2.17 per share or around £4.6m for me personally. We can all dream.

88E really does have the potential to Change people’s lives which is just wonderful. By the end of this month we surely must be in double figures and a Successful FO will surely push us much closer to that £1 party. Us LTHs have kept the faith through everything and truly deserve this so I am going to sit back and enjoy watching my 2.1m holding take me to millionaire status by the end of this year. GLA

Personally I don’t think the £1 party was ever off the table. Friday’s RNS was ‘unfortunate’ but fundamentally changes nothing. What I don’t understand is why they put it out at all? I’ve seen hundreds of tweets on shares and very few have resulted in a rushed RNS... I took the opportunity to top up and break the 2m barrier, which I’ll be holding to the bitter end now. Bring on those commercial flow rates!

I am beginning to think that nothing will ever move the SP upwards! It seems to go down easily enough... The FO needs to be an absolute stonker just to get it above 2p... outrageous when you think about when other shares double on hot air and empty promises but that’s the world we live in I suppose. I’m optimistic our FO Partner will be Tier 1 but Me and my 1.7m shares are here until the end... I would like to see a little blue every so often though...

I guess it depends on your interpretation of “interested parties require more time”... for what? To decide how much to bid? To cobble together the money? To obtain internal approvals? To analyse the data? All of the above? I’m not expecting any news before end of January/early February personally but you just never know with 88E.

Patience is a virtue I am luckily blessed with. All things come to those who wait. Of course there will be frustrations along the way but with each ‘risk reduction’ box that 88E tick we are all one step closer. My expectation is that Dave has done a deal in principle and they’re just haggling over final terms and price but that is just my guess. I still hold 1.5m of these at various prices and I shall simply wait it out. I suggest you all do the same or sell up if you can’t wait but I for one will be holding on until end of 2019 and then I’ll see where we are. 20p plus anybody?

Aren’t we also owed about a $20m rebate on drill costs too from the Alaskan authorities?? All brewing nicely. Still holding over 1.5m of these and waiting for anything north of 10p... Bring on the farm in/out shake it all about news.

When are we expecting to get confirmation of the Tax Rebates being paid? I had hoped to have received that by now. Can’t find a specific date or eta anywhere...

I have said this before but I honestly believe that the ONLY way the Share Price is going to accurately reflect the value of the assets is for an RNS to come out that says "We have received a Bid of XXp per share" or "XYZ plc has paid $xxx for xx% stake in Icewine 2".

It's as clear as day that the market clearly has absolutely no idea how to value 88E currently and the MMs are working to the old Mantra "If in doubt drop the share price".

I'm in to the bitter end come what may and they're not getting a single one of my 1.8m shares until one or both of those RNS's comes out.

Rant over.

I have a house in Sudbury overlooking the meadows so good morning from a beautiful Suffolk. Waiting diligently for 88E to come good and deliver on my 160-180bopd prediction. That should see us north of 10p comfortably and me two steps closer to retirement. I have also started choosing my outfit for the £1 party.

It is a time for level heads to be kept, rational thought to override impulse and patience to be exercised (See Warren Buffet famous quotes). Don't let those on here who spout utter tripe deter you, persuade you or sway your thinking in any way. If you find yourself tempted to make a rash decision you may regret then get yourself back on the 88E Wiki site and remind yourself why you invested (assuming of course you actually did your research before buying). 1.8p does appear to be the bottom 'pre flow rates' but clearly if they come out below that 'magic' 80bopd then that will go out of the window but equally 20p may be conservative if they hit closer to 200bopd so it works both ways... You pay your money and take your choice. As I've said before I expect the Flow Rate to be 160-180bopd which is way beyond the rate needed for it to be deemed 'commercially viable' but we will see. Not long now either way but GLA however you choose to play this one.

Does anybody else think we'll get 3D Results before Flow Rates or just me? FWIW I'm in it until the end whatever that ends up being but I have to say all looking good so far and I still stick by my 160-180 bopd prediction...GLA

Yet another example of AIM at its worst. Market Manipulators taking it down for no good reason. When will this fraudulent activity stop? When will they stop deliberately falsely reporting trades? They need to be stopped by proper legislation. The only time we will ever realise the true value in 88E is when a bid comes in, then at least the Manipulators will be forced to put the price up and when that day comes I will be there waiting.

I had said previously that I thought 160-180 bopd was my estimate. Nothing in that RNS changes my mind. Bought another 50k at bang on 2p taking me to 1.7m

Topped up another 1k worth at 2p on this ludicrous drop based on good old fashioned ignorance on the part of the MMs; “I don’t understand the RNS so I’ll smash the share price into the ground for no apparent reason and see what happens”.

I genuinely don’t understand today’s share price movement; 6% up to 1% down but not unduly worried by this. I am an eternal optimist and as a result haven’t sold any of my 1.65m holding thus far. I feel we will see flow rates around the 160-180 bopd. What will that do to the SP? No idea but not planning on topslicing until 20p+ Almost there now... GLA