Member Info for Olderwiser

Neversatisfied, by all means put me in your green bin, look how well you have been served, by mistrusting the people that have offered objective analysis, so far.

Plenty of warnings on todays outcome were provided over an extended time, real analysis, as opposed to the hopium provided by most.

At a minimum you had food for thought, to then make your own decisions on, do you see the irony in dismissing the opinions that have been proven correct so far

Sharebel

You are a proven bad actor at this point, your credibility is zero

It is all the MMs fault, blah, blah, blah

The biggest takeaway from this debacle has been the companies behavior, not the rampers so much, rampers are a fact of life like pimples for teenagers, annoying ugly and festering, but a known that can be adjusted for and sanitized with a little fact checking

Companies are held to much higher account, and make no mistake the life blood of this company is its shareholders wallets.

In this regard the over spin on the flow test results is horrendous, the average reader read and understood the peaks of 50 bopd and 70 bopd as meaningful indicators of success, exactly as the writer intended, later the hidden truths in the fine print emerged, only 4 barrels from the SMDB and 24.8 from the USFS were produced

Further to this 88e have actively tweeted out promotional articles such as frontiersman, in which the 50 and 70 bopd is presented as produced, quote "In a second “flow test,” the well produced 50 barrels per day of high quality crude oil"

As we all know this is false, that test produced 4 barrels, 88e knew this when they tweeted out the link

Strategically it is a major blunder to be caught in the headlights like this, faith in the management teams integrity with communications is severely dented

Shareholders deserve to know the straight up facts of their investments, especially when being asked to fund yet again

Sharebel

You did not need to discredit yourself further

Investors only need view the term sheet to see exactly where the funds raised will be spent, it is not on buying Burgundy out

That is a fantasy tale from the rampers guidebook

It's going to need a big discount to the ASX VWAP of around .0045, probably 33% to attract some punters, as they will be gun shy after the last few cap raises that finished here, with losses for most, and the serious threat of a SP dropping consolidation in play

That would be a nice round number of .003 AU (.16gbx)

The answer should be on the LSE tonight, normally no trading halts on the AIM markets

It would be confusing if one believed the multiple ID rubbish, but there is only one

If you are interested in reading the article, they can usually be found with a google search

Has there ever been a doubt

Https://www.frontiersman.com/news/australian-company-reports-more-encouragement-in-north-slope-test-well-results/article_cd87e8a2-fb9c-11ee-ad18-3b7c74a9d176.html

What an appalling misrepresentation of the facts this is, no mention of the 50 and 70 being peaks in an unstable flow

A reader would be entirely convinced these were actual production, not blips on a chart

Disgraceful

"An Australia-based independent oil explorer, 88 Energy, reported additional encouraging results from an exploration well drilled last winter south of Prudhoe Bay. In a second “flow test,” the well produced 50 barrels per day of high quality crude oil measured at 39 degrees API gravity from the “SMD-B” reservoir, one of two oil-bearing sections being tested.

88 Energy’s new results were announced April 14.

Another reservoir section tested, “Upper SFS, flowed 70 barrels per day of high quality oil measured at 40 degrees API gravity, 88 Energy announced April 2."

Yes they have a very long and expensive road ahead of them

I see Geodes has attracted a fan base with his rosy view, this part I agree on, was hoping people would twig to it without a prompt, as I have been saying for some time, the tests were cut short, and it matters

The Initial Production Rate: What It Is, How It Works

The IP, or the initial rate of production has not be determined on the Hickory-1 well for the USFS nor the SMD-B.

Taxi

At this stage it is surprising to see you missing the point about producing and selling

I have a modest hobby farm and produce lambs, when I produce a small runty mis mothered lamb, it costs the same to produce, and it gets sold, but I lose money

Correct brom, and you will note that the video and still picture released by 88e of the flare in action, also showed these in place and in the vertical. whilst the other did not.

Flaring would have been over a short ~14 hr window, quite the coincidence . Possible but as stated a reason to be wary of a new picture source poster, with these missing

Banditputin,

I have to ask why pick this name, in the middle of an unjustified war of aggression, initiated by Putin

Are you sure you are not PRO_S2009, he writes it the same style , and switches from deramp to ramp on command

EG

Buy mode post

Caution ⚠️ 88e about to tank on a duster ⚠️20 Mar 2024 23:41

Don't get sucked into rampy nonsense.

Witnesseth as follows, the fact laid bare for all potential investors to see:

- dismal, dismal track record. All time low sp caused by endless, relentless dilution.

- over 25 bn shares in issue. It gives ukog a run for their money.

- consolidation will happen! We all know what happens when a share consolidates.

- much, much more funding needed.

- a random nonsensical diversification to Africa. No confidence in this flow test whatsoever

- likely this DOES NOT FLOW COMMERCIAL! don't listen to the fools who say otherwise.

- vastly overvalued for what they have in the ground compared to others.

- lower quality oil

Trade by all means. But do not be suckered into holding until results unless you want join the exclusive 88e bagholders club. Talk to shareguru for admission. Requirements are that you must have suffered catastrophic losses and have lost the shirt off your back, yet thick and gullible enough to believe you can buy back your burger van.

Sell mode post

RE: 70 barrels of oil per day (bopd)2 Apr 2024 07:56

Time for BOOMTOWN. WOW 88e finally have oil. Huge noise.

Dont listen to any other noise. 1p+ here we come whoòooosssshhhhh

Then you skite about the success of your deceptions,

"I made big money on 88e. Buy .29, sell .41 on 70bopd news."

Good to know your manipulative style, are you trust worthy, hell no

Fair to conclude you are currently in buy mode on PANR

Chrisev

An emotive and irrational response, shoot the messenger and refuse to open the bills, then everything will be rosy

Sharebel

The credibility of the VOX comes under serious doubt when they are willing write this

"These results complement the deeper BFF reservoir's existing 250 mmboe contingent resource. In total,

88E is targeting 647 mmboe of prospective oil resources at the site."

When that 647 mmboe includes the Kuparuk at 56mmbo which did not even get drilled, and 341 of oil from the BFF, which has already been assessed (IER, by NSAI) at an 88e share of 28mmbo plus 57mmboe NGLs plus gas 72mmboe (all up 157 mmboe. Wowsers the bff has already shrunk by nearly half, and even more if you rightly take the gas off, which would only sell for $6 per boe into the pipeline, if it gets built

88e already know the 647 has shrunk by 184 in the BFF and a further 56 in Kuparuk, all up 240 smaller, but VOX has the bare faced cheek to print a number they already know is wrong

Badputin or should I say Pro_S2009

What ever happened to him, you post in such a similar manner it is remarkable

You are waffling, making no sense, but plenty of noise

People ask why I persist with getting the facts clear, here is an example, there are many, no particular reason to pick this one, other than showing the risks in believing what the pumpers insist is true, subscribing to group think and disregarding any one that disagrees with the prevailing hype

The poster received 17 recommends for this, and the share price was 0.315

15 Apr 2024 06:58

Think Olderwiser needs to see a therapist. I’m not even saying that in jest. If you had listened to that nutter after the 1st flow results you would have missed a 50% rise. And now he’s been up all night talking drivel over something he’s not invested in. You do sometimes worry for mankind.,

“Outstanding results”’commented Gilbert - why? Because it’s simple maths - 70 BOPD from the 1st site plus 50 BOPD from the second site, multiplied by 10 on horizontal drills equals 1200 barrels per day. Multiply that by the current price of oil (which is on the rise) and that gives you 100k per day. Multiply that by 365 and you are delivering 36.5 million revenue per year. The results are there, the resource is commercially viable and that’s undeniable. No one at the beginning was expecting 2 successful tests - they can now sell it or farm a JV, either way the company is worth far more now than it was before the flow tests.

Badputin

The evidence of your now repeated lie is on the Mangrove short chart trend line, going flat for more than 6 months.

Despite your repeated protestations, that is not an uptrend

I have experienced your particular brand of dishonest often enough to know, you will just replace your original lies with brand new one as you get unraveled, in this world it takes all sorts, thats not going to change

Badputin

As per usual your words contain no fact, just the opinion of a pump exponent, I suspect troubled by a falling share price

Please disregard all of my posts if it suits you, in fact they are not written for the pump brigade, more for the real investors, who seek a more genuine POV than the pumpers provide

Triumph1

After discarding the personal attacks, there is only one point remaining. That being the significant delay to the testing schedule 88e advised. Following this and adjusting for known slippage they would indeed have been in the 2 day pressure recovery phase. In which the well is shut in, again a reasonable forecast

Investor 111

That is a perception a group of like minded individuals, that have been pumping 88e have sought to create, it appears with some effect

Disappointing, read the content of my posts and see where you find fault, no prediction in life is ever perfect, but on balance what I have highlighted has been born out.

Always happy to discuss further in a civil manner, as an aside how would you react to a campaign of character assassination, in response to reasonable argument. I tend to hold my ground in response to intimidatory tactics