Member Info for pbody

It is. Never tried to place money on shares on an ASX market before instead of LSE. Does your broker allow that? When In wanted to trade on US markets I had to phone through to get the companies listed on there platform, then it was fine.
With US markets they are sort of like the LSE Main and lower markets, however the SP must be above $1 to remain main market listed. Trying to stop penny shares I guess. I have seen them drop off main market and return. UUU (check on finviz) a classic example.
Anyone have any experience with the ASX? are there an unusual rules?
I really think the lack of RNS has been the dampener on the SP climbing. Not the CR.
Sometimes no news IS bad news....not everything going to plan.

Nice to see you two on. Look forward to reading the morning news posted here.
Reading earlier comments, that's why this (and other) Bulletin Board are very useful.
Reading Anchorage News, considering the amount of people there....not a safe place! 1 murder on a cruise ship and one person ran over!! Lets hope 88e drill doesn't end up like the early 80's horror the THING!!

Just in case (like me) you were thinking 100bopd seemed a slow rate of return to get at 1.6 to 2.3 bbls of oil on 88e land. rated at $3.1 as far as I can work out. look at this.
https://www.adn.com/business-economy/energy/2020/01/23/conocophillips-prepares-to-deploy-the-beast-on-the-north-slope/
Hope you find it interesting. For recovery its the biggest thing there as far as I am aware.
better than me coming up with fictional story's of Le(e) Major doing oil spill clean-up dangling on a 100 foot rope from an airship (or is that airstrip with my spelling!) in some stunt man show!

Permit? Or ice road?
Or both?
Seems the news always hits the sandgropers first? Not checked 88e website?

Lithium Batteries.
There is a website called Battery university. Not read it only guessing. Go there to double check.
Electronics like 2 things normally
1 as cold as possible
2 constant temperature

Batteries have a tendency to stop functioning at some lower temperature. bit of warmth can help a lot. lithium's have a tendency to catch fire at higher temps. also if there crushed. they gas if overcharged or charge/drain rates are too much (effect is again reduced with cooling), but how many mobiles laptops and pda's have swollen batteries? work, but only at 20% of what they used to? eventually the plug in point are more than likely going to be use to top half knackered batteries.
Some think battery rental a solution? Trolly-bus? or dodgems car with battery backup? The problem is this. A LADA from the soviet block is probably more environmentally friendly than a prius over its life cycle in terms of energy used to create and fabricate and keep on the road. is it the clean consumer "more consumption", "more progress", "more modern", "more technically advanced" and "new idea" option? NO. Don't get me wrong the prius is the better car. Over a lifecycle I am not sure it is more "green" unless it is the colour?
Now if you think that is nonsense answer why it is the power station pump out big fluffy clouds here and the soviet ones use that wasted warm water to heat their towns? No matter how green the energy or other companies want to make out they are there is not a common sense approach when certain things are left to the "market". I must say when you look at our power stations in comparison it does look like they have some panache!
Sorry for anyone reading this. 88e is at a very very good buy-in point at this late stage with the CR on the AUS exchange out of the way IMHO.

There is still no real change (from mid DEC) other than thing progressing. The SP has dwindled since Jan 1st. Perhaps this week it will be off again. Maybe it will be after Valentines?
I have only been invested in 88e for 6 months or so, one thing I will point out to people looking and thinking of jumping in is this. The do not release all info via RNS. You cannot look daily on this website for an RNS to see if there is news. Its how they operate. You are best to look on there company website. Its the difference between being investor friendly and a pain to keep track of. I watch around 20 to 25 companies at the moment plus a couple of Banks as markers. I usually look for an RNS on my watch list.
That doesn't work with 88e.
It is cheap IMHO. DYOR on that, but with oil cheap it turns into a profitable area when others are not. If you can see that "hidden value" then I can imagine you can figure why companies like PMO are very keen to be on board.
I wonder if the RNS (or lack) are more to do with SP stagnation and dwindle than 3.5% dilutions from a cash raise.
Sorry you will have to dig on other sites for the latest news. RNS as first port of call is not how these operate. Perhaps partly to do with multiple exchange listings. I would Jump in. 2 days of 15% increases on Dec could seem flat when this takes off.

GL For the week.

"lebugue-addick"

Spot on. When a drill is less than a month away, Permit news for next year drilling says it all. Not most peoples focus at the moment. But with the continued low oil price and our very low oil break even point ($35) we must look more attractive to PMO than ever.
I Honestly don't think 100 bpd is a lot in general term. I don't think 88e can afford a failure. The larger recovery rigs drill a fan of holes into an area for faster recovery I read.

I think you all hit the right spot. Best to wait until the political lay of the land firms up before anyone can asses what directions are open. I am still hopeful that with the skeleton staff and much reduced running costs the funds will last longer than expected.

THE best thing I read this week about oil going out of fashion and our drill was the breakeven point.
It was from a neighbouring drill company. I had a long held belief after watching a report (UK based) that it was $50 per barrel.
I read from (RMP I believe) breakeven point was $35. So the oil price where it is no longer a sweating point.
As a double check on that figure
"The group captured a net resource of 2 billion barrels of oil equivalent at less than US$40 per barrel cost of supply resource in its legacy assets, further highlighting RMP’s emphasis on the comparatively cheap cost of exploration and production."
From
https://www.share-talk.com/rmp-88e-set-to-drill-multi-billion-barrel-alaska-north-slope/

Russia/USA/Middle East oil production I mean

Your right about 12v battery. Stand corrected. I remember someone owning a prius 15 years ago said "dont go above 35 Mp/H" to get it working properly! Not anti them, been around a long time. Battery weight. Endurance. Battery longevity. Cost. Nuclear!! that's the way to generate it. Just the Licence to get power generation would be a problem.
Russia, Middle East and USA have around 90% of production, Split pretty equally.

Kind Of get that feeling a load of people ordered food at a table banging knives and forks....RNS RNS RNS... Looking at US Markets Most diving....

6.5 aH Doesn't sound enough to me, maybe right, Looks like Drilling rig is Hydraulic powered ( like the Class 50 loco I believe Choo Choo!!)

The very new Prius might have 2 batteries? The older ones didn't . As I said with a lo-loader when it doesn't start or a power point, do not try to use logic, some new cars don't have spare tyres either so that's a lo-loader!

That will run a 240 ac drill or chop-saw or chainsaw with Sinewave Circuit attached. Slightly slow but it will. Not too worried about 110 and the US if that's where your from. Drawing 2 or 3 Amperes....

Not the problem with it. Problem is when you stuck. Its a charging point or lo-loader dude.

Designed or power post tsunami if your organised. Happens to bit like a diesel electric loco(CHOO CHOO) as long as you dont go above 35MP/H with the early ones.

A Prius is what I was talking about. No 12v battery.

Your into hydrogen fuel Cells. And that's more expensive than a Gallon of petrol.

It works with a tower block? 600ft of cable? Vandalised power points?12v Battery Jumpstart? Nope. Prius 200v+ ....No 12v battery. No jumpstart...and that's just hybrid. Ideal if you live in Japan. Post Tsunami (how you spell it?) drive somewhere (or off camping) and want to plug your electric (240v) into the cars battery for the evening or powertools.