Member Info for pbody

I think it has been around along time. What's keratinous is that the company has been put in a stupidly awkward position through a BACKDOOR PAYMENT. Just sad. This should be the time things were coming together. You are right about ToR using his own money. However, Imagine the Coronavirus reeking havoc as we speak. Mixed blessings perhaps. Personally 2 or 3 or even 6 months of no news at the moment with PVR would sit welcome with me instead of knee jerks and more cost.

Nope Kipppers, spiced Rice and poached eggs. Would like to know about permit delays? End of Jan. 6th of FEB? Is delay as some have mooted for an extra deep drill past the HRZ on another BB? Is that just a made up story? Anyone else read that?

It reads like that doesn't it! Perhaps its so they can fly in GO GO girls on Friday Night? Maybe its Supplies/Medical? It sound like that site is there and going to be there for a while whatever.
Out of the 4 in the article you wouldn't see 88e as "technically" the smallest company.

Thanks for that. Not in so deep they couldn't afford another 625 million should they want to go shopping. Looks like a mid week climb and dive on the SP here.

Odd. More or less No Money changed hands last night on ASX. Means there happy to hold, No big sell off.
End of Jan Permit....6th Feb. NO PERMIT.AND/OR NO EXPLINATION. Not impressed with lack of news updates. End of week?
Are we drilling down through and below HRZ to check even deeper? Read that in one article. Reason for the delay?
How long will the rig take to become operational after move? 1 week? 2 weeks?
HOW THE HELL HAS PANR have a higher MCAP!
March SPUD? DRILLING IN APRIL? that long?
Airstrip!!! They must be pretty confidant that rig is stopping there.
I did look quite hard and this is THE ONLY Feb dated news I could find Gave some answers and some questions.
https://digital.akbizmag.com/issue/february-2020/changing-players-in-evolving-oil-fields/

No its just odd. I moved up the second I sent the message.......4 or 5 in a month?

So much for the climb to keep climbing.

This is interesting from PNAR board
"So I believe it’s fair to say that all in all based on current information GA is at least equivalent in size to the Torok which is Premiers primary focus. GA however has had a successful flow test achieving 88e’s 100bls target and carries higher NPVs. Although our stated recovery factor is lower this is because we are only stating primary recovery at the moment, conservative primary recovery at that."

I reckon 88e are deliberately aiming low ton achieve IMHO They cannot afford the Aim High and not fully achieve theory with this. More I read the more I wonder WHY IS THIS NOT FLYING UPWARDS???!!!??

Reading the article, of the four carrying our work there, One AGIP(ENI) are a Multinational, One privately owned!!!Oil Company.
The one that resembles 88e is Pantheon Resources.
100million barrels and an Mcap of 82million!!!
https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/GB00B125SX82GBGBXAMSM.html
Looks like 88e could be worth that 9pps+ IF there was a takeover with 1600 million barrels! Certainly looks like its worth more than the present SP !!

https://digital.akbizmag.com/issue/february-2020/changing-players-in-evolving-oil-fields/
Also mentions drilling to continue through April. Could be waiting a while.
With all those targets is the drill going to be more drawn out affair? How the hell do you make cement at -41deg C?
Think I read a rumour that the drill was going through HRZ and to even grater depth and to a new possibly undiscovered target? could this be the delay in permit? What you read.......and try to check!!!!!!

https://www.standard.co.uk/business/focus-trouble-at-sea-as-premier-oil-faces-hedge-fund-bustup-a4354831.html
Not sure if this could have an effect on timing of any takeover?

You are right, its like finding a tenner on the street and complaining.

Ahhhh It don't help when 88e MD is called Dave Wall!...Short of him being named "Dave blood out of a stone" that article quote is quite funny...So a bit of debt shuffling to raise 625b million after all!
Thank you very much for taking the time.

4p seems comfortable to me in the mid term. The Coronavirus has hit all oil including palm. Talk about kick a share down when it tries to get back up.

How long after the rig is moved into position will all the other "sundries" take to be moved there? Such as food/water, drill equipment and generating plant etc? I am guessing it could be a week or 10 days before they are fully "planted" and ready for work? That could take us to the last week in Feb as a spud date.

Not I know very much about the Aus exchange, (apart from there was next to no volume looking at it last night), this is the site I used that tracked the Max peak of 3.0c in Late Dec/ very early Jan That someone mentioned yesterday or the day before.
https://www.intelligentinvestor.com.au/shares/asx-88e/88-energy-limited

Yawn....The answer to that is no. You are right. It clearly states due by the end on JAN on the 16th. Would have expected an RNS from some companies at ANY delay. AIM or ASX. Getting used to it and checking PMO RNS too.
Didn't know we were building an airport!!!!!!
https://digital.akbizmag.com/issue/february-2020/changing-players-in-evolving-oil-fields/
Also BP is in there!!!! WTF!!!!
https://itwire.com/sponsored-announcements/88-energy%E2%80%99s-north-slope-well-could-be-one-of-the-biggest-in-2020-2.html
One thought crossed my mind. Moonlight can be more productive in all that snow.
https://www.timeanddate.com/calendar/monthly.html?year=2020&month=2&country=1

Probably why there are some seriously chunky buys here now and again.

No. It was a news article. Followed a day or so later by another news article (both on links) that PMO had bought a North Sea field. That's why the questions to double check and to sound out IF the size of the fields and speed of return made sense with any 88e propositions? The amount of "hazy" or "digital" spam out is tricky to wade through. Such as the total 88e oil content in some news clippings. Some say 2.1 BBLS some 1.6BBLS.
Thanks for the reply though.
Must get to bed. Night.

I hate to say this. The amount of times I have seen an SP climb in the morning at say 8.30am and an RNS out at 9am is more common than you expect. Meeting over at 830am or RNS in prep and the buys trickle in trickle in at 830am then 9am or 930am RNS...... BOOOOOOOMMM. Never seen a thing done........but always keep an eye out. More like craft skills really.
Lets hope for all your sakes this is genuine, the SP has bottomed out and the SP climbs back up to levels that make some happy and others just relieved.