Member Info for pbody

ultimately yes they have assets and infrastructure for there too be strong thoughts of takeover going on. capital rich or debt aside. They have to think long term on this will the oil price being at a "low" to extra value.
it's a possible especially if they see HRZ as the bonus.
What the offer would be as there is apparently 2.9bbls there I don't know and would the shareholder accept it?
I don't want to post more on here today.

https://www.webcamgalore.com/webcam/USA/Deadhorse-Alaska/31789.html

hmm.
by definition it's anything that will effect SP.HOWEVER look at what PVR issued and have withheld over farmouts and you wonder!

The 3D survey will be acquired using the vibroseis slip-sweep method.
Pursuant to the requirements of the ASX Listing Rules Chapter 5 and the AIM Rules for Companies, the technical information and resource reporting contained in this announcement was prepared by, or under the supervision of, Mr Brent Villemarette,
1.9 billion barrels gross; 1.05 billion barrels net to 88 Energy.
6 months later
88 Energy Limited FOLLOW informed investors today that the prospective resource output of its Project Icewine exploration of Central North Slope, Alaska is has now risen to 2.89bn barrels of crude oil.

The announcement comes after a 3D seismic inversion mapping of both Icewine’s shallow and deep horizons, coupled with highly accurate rock trend models.
2.9 BBLS
Could't fimd the firm who did the 3d analysis. off 2 bed.

Sry for posting and its not to have a disagreement, but I mentioned this before (on the PMO site about shorts hold the price down and traders in the mix) getting to 120pps being tricky(indeed the "oil based news" of the last few days will surely give a boost to the SP) but it could fall away again on the short pstn. When I mentined this in ( jan last year iirc, when interserve were struggling I think) the PMO board members said I should go away.....
On a 88e matter.
Does anyone have a proof of success rate with regards to the seismic firm and their results?

As an aside (forget the debt link) if it drops down to 60 70pps its work buying in again. waiting for the return to 100pps.
Which is what a lot have been doing and thus short pstn.(sry again for posting)

3 to 6 months of a PMO being under £1pps.
They have been struggling for the last year or so to break that.
IIRC it went back to 120pps and has fallen back. and been bumping the pound level.
More to do with that I wold think. There (is/was) good volatility there. So trading on it not investing is the core truth there.
IMHO (sry for posting.)

Thank you.
Does it actually cost to release an RNS?
Look at at PVR(LSE) for reasons behind this.

Don't get me wrong. I am deeply sympathetic to the problems there at the moment.
To blame climate change as a reason not to create fire breaks leading up to this is downright lunacy.
That environment (similar to California) will always have this sort of problem from time to time.
The Aussie exchange itself isn't preforming that well, and it's not surprising given the current situation.
It should also be noted the ASX hasn't led the London exchange. At any point recently.
Hong Kong, London, New York. is the general rule of thumb.
Given the terrible state there and the line above I would expect ASX to follow LSE. Not the other way round at the moment.

Just wondering?
Looking at the comments of today.
What were the expected MCAP values (or SP levels) of the previous drills?
Can anyone remember back that far?

As far as I am aware it does COST to release an RNS.
Don't get me wrong it is the duty to keep shareholders informed (especially of problems of delays) but if things are going to plan perhaps they feel there is no need or it s going to slow or add cost to the operation if every nut and bolt along the way is down on an RNS?
Nearest webcam link.
https://www.webcamgalore.com/webcam/USA/North-Slope-Alaska/32179.html
Please double check?
I will make 2 more posts today,.

ABSOLUTELY
TRUST THE RNS OVER AVERYTHING.

No it was not meant to mislead any more than typos like affect not effect annoy me. And I don't want to repost after I read it (which is after I post usually).
I just wanted a bit of double checking there on some facts.
Because there are people wondering is there oil there? and new to it. yes by almeans check the board you suggested. 88wiki? not sure about that site?
I am sorry if I offend anyone with the comments about holders with higher than present SP averages.
I know people are not happy saying I had sweeping statements.
But MY opinion is still the same. The SP probably SHOULD have been 2pps for the last couple of years.
The rocky road until this point with investors and 88e has caused that dip in SP. Just for you lets see if Monday and Tues Wed we don't get that 10% back and were at 1.5pps and higher still. Before news of an iceroad. I STILL think it should be 2pps and climbing at the moment. the upswing around 2pps will hit trouble..IMHO Lefkonia fibbanachi sequencies aside.
I won't post just ..just for you. As it clearly is winding you up.
It's one of my problems.....I look at value. when people sell I wonder why not buy?
AS ALWAYS DYOR.
Sometimea me asking questions is me double checking me. 1991 oil there for instance. sometimes its poor memory or looking at too many shares.32pps max?!
When your right quite a lot you wonder you can be right all the time? question is do you or anyone notice when your wrong!
no one comments on 32pps being 39pps when I made a mistake.
BTW I do hope you past that 4.7pps

16:02 Great Post.
Not picking at anyone's strategies. It might just affect the uptrend.
A few questions?
1 Oil is known definitely to be there?
2 88e has been listed on the AUS exchange for a number of years?
3 Am I right historically the max SP on the AUS exchange was near 40pps?
4 (after applying modern seismic) This drill has (by far) the best chance of success?
5 The flow rate needs to be at 100barrels per day to be considered a success? (most commercial flow rates are triple this if not more?)
Just double checking my facts here>?

typos everywhere. tooo to spelling sry

For what it's worth,
Looking back (historically) I think the SP should be around the 2pps level now.
That would be my baseline I would look for "value" on. That long dip was a drill failure and what it took (keeping investors away from 88e) saw the SP drop away.
I know it's not the question you were asking, but it is trying to back some of my argument that happy to be back in profit investors might be "only" looking at 2.5pps Truly I can understand someone wanting to de-risk after being n that position.
I am also wary of people wanting to top-up in late JAN, FEB, MARCH etc. pre spud price should be over well 2pps. What it goes too after that......is people want that good result and want to be onboard! only May will tell.

I wonder where it puts TSTR if "we" owe part of that 160 million?
holding so little of the equity we are gobbled up if they take the company private?
If odey stumps up the money to cover the issue of equity required?

As part of the current SPMP facility arrangements, on 15 March 2018 each shareholder in SPMP entered into a conditional completion guarantee (the “Guarantee”) in favour of Bank Nizwa SAOG and Alizz Islamic Bank SAOG. Tri-Star’s obligation under the Guarantee amounts to 40% of SPMP’s liabilities outstanding to these two banks, which currently stands at approximately USD30 million (out of a total owed of approximately USD75 million).

That's ok then..... the 75 million owed the banks (that we were liable for 30 million)....we don't have to worry about!!
We have had production!
Unbelievable!!
75 million...for trucks, loaders, diggers and a bit of shipping of ore + petty cash?
What are they doing? Running gold plated rims (sorry should read solid gold) on the dumper trucks?

As part of the current SPMP facility arrangements, on 15 March 2018 each shareholder in SPMP entered into a conditional completion guarantee (the “Guarantee”) in favour of Bank Nizwa SAOG and Alizz Islamic Bank SAOG. Tri-Star’s obligation under the Guarantee amounts to 40% of SPMP’s liabilities outstanding to these two banks, which currently stands at approximately USD30 million (out of a total owed of approximately USD75 million). Tri-Star’s obligations under the Guarantee fall away once commercial production of SPMP’s facility in Oman has been achieved. The board of Tri-Star believes this now to be the position as it has been informed by SPMP that commercial grade antimony has been produced (as announced on 18 November 2019) and commercial grade gold dore has been produced and sold. The Guarantee will be formally discharged once an independent consultant certifies to the banks that commercial production has been successfully started.

" The board of Tri-Star believes this now to be the position as it has been informed by SPMP that commercial grade antimony has been produced (as announced on 18 November 2019) and commercial grade gold dore has been produced and sold. The Guarantee will be formally discharged once an independent consultant certifies to the banks that commercial production has been successfully started. "
So readin this......

TSTR think it "owes" SPMP nothing......SPMP need 160 million for a cushion to pay debts to banks and to run the thing for a year or however long they think 160 million will keep them going and the banks are owed serious money from SPMP.....
I can see SPMP been the goose that lays the golden egg....being cooked and TSTR having lawyers try to make someone pay for all the golden eggs its not laying!!
When the facility is there. So close. Wanting as much money again!! just to get it up an running with "sundries" makes you wonder HOW long this was known about AND how long they were withholding this info.

the gold is all cyanide to separate.
you gotta be careful but its not that bigger deal quite common for gold extraction.
I have a feeling even if the plants works there something not right here.