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Adw198
Just picked up on something in your post of Thursday 22:50 Hrs….
So I’m a naïve victim?
I am a man with no higher education, but despite being uneducated and a naïve victim as is your view…. I have my 2 kids at private school, my pension is at its LTA, I have more than that LTA again in cash and high quality funds, I have 3 domestic properties, 1 commercial property, a smattering of gold, and 16.6m shares in 88e of which approximately 80% are on a free carry.
I’m not suggesting that I am extraordinary in any way, but naïve I am not. And victim I am not.
You are presenting yourself as a complete ******, and the sooner you feck off to some other board the better.
Adw,
what's your point on " typical investors here " ? I'm a typical investor here, and I'll give you chapter and verse on the history of 88e, and why you might want to buy at these levels, and why you might not. Seems to me your just here to stir up bad feeling.
Imminent….
about to happen.
"they were in imminent danger of being swept away"
synonyms: impending · at hand · close · near · approaching · fast approaching · coming ·
Examples of imminent in a Sentence
The FBI, the Department of Homeland Security, and the local authorities were momentarily stunned, and began frantically trying to prepare for what they feared were further imminent attacks.
Richard A. Clarke, Atlantic, January/February 2005
88 Energy Ltd. continues to make life frustrating for its long suffering and patient shareholders, claiming that release of the results and their interpretation from its Merlin 1 well is ‘imminent’.
Olddad, 12th August 2021
cbaron 15:14
You are correct, it does not say highly, I don't know where that came from, it was not a conscious insertion of the word. For the avoidance of doubt, I wasn't going for a ramp.
It has just occurred to me... but I have to acknowledge that many if not most will be ahead of me ….
We can assume that 88e know the results that are about to published 'imminently'.
I think it is highly unlikely that 88e would / could publish the statement below in the last 24 hours....
" highly encouraging results from Merlin 1 " ,
if the results to be published imminently were not consistent with that statement.
We must therefore be imminently expecting positive news.
Olderwiser, I hope that we are about receive news which is in itself ..... the 'next shiny thing' :-)
HALF YEAR FINANCIALS RELEASE
88 Energy Limited (ASX:88E, AIM:88E, OTC:EEENF) (88 Energy or the Company) is pleased to advise
of the release of its financial results for the half-year ending 30 June 2021.
Highlights
• Successful drilling of Merlin-1 well at Project Peregrine in March 2021.
• Encouraging results from the Merlin-1 post well testing program received during half year.
• Acquisition of the Umiat oil field in January 2021, which is located adjacent to Project Peregrine.
• Acquisition of residual 50% working interest in Project Peregrine in June 2021.
• Sale of Alaskan Tax Credits for US$18.7M cash in June 2021, enabling full repayment of debt.
• Adoption of World Economic Forum (WEF) principles, the global standard for ESG reporting.
• At balance date, 88 Energy held A$14.8M cash and zero debt (excluding typical trade creditors).
• Subsequent to half end, received final cash call receipt on Merlin-1 of US$5.0M.
• Strengthened Board and management team in early August.
• Comprehensive Merlin-1 well results and interpretation to be released imminently.
Olderwiser, Saturday 21:16
I agree with your description of events and how these events have progressed and have been presented to us. At no time however were we guaranteed an outcome and everything presented to us came with the qualification of a cautionary statement.
When outcomes were not as positive, or definitive, or what we all had hoped for, what else can 88e do other than to present the next shiny thing…. excellent turn of phrase by the way, I like it.
The next shiny thing has to be presented, the next shiny thing may produce the result we are all here and invested for.
The next shiny thing is part of the ever evolving Business Plan.
I think we could have been communicated to more frequently, but in relation to Merlin, I am going to interpret the lack of news meanwhile as positive.
12:58
yes indeed, we are at the last trading day before the first trading day of 'early August'
" 88 Energy is looking forward to presenting the final, aggregate Merlin-1 results to shareholders, the implications of which will determine the forward-looking plan for exploration efforts in the NPRA Alaska next season. "
I like these words...... " .... looking forward to presenting .... "