Member Info for pbody

Perhaps, Like some have mentioned the Alaska Rebates are not helping like they used to. I think the indiginous people still get allowances and rebates should they choose to work there. But with Europe having a "small country" taxation system where fuel is heavily taxed and is almost a "luxury item", It is hard to see how some larger countries such as Australia, America and Canada have had to tax corporations inline with say PAYE. When you do that and there are large profits, a corporation paying 40%+ tax on profits makes some MD's Shiver......That's why some move R and D and Patent rights(like Microsoft) to Ireland. Some Oil companies are finding it tough I believe. Cheap Money is good. Some places Cheap fuel is a necessity. Why the U.S. pays $3 a gallon or so I RECKON.

Also having hit the calculator my "guesstimate" of 500million on the highest SP in the last year would be a "buyout" figure of 9pps.

Thanks, I was reading posts 500 pages ago that are around 3 years old. They have long since disappeared. They were all talk of 88e hoping to be "bought out".

In oil terms (Price having effect on asset value) It is hard times.

Totally with you there. Farm-out with PMO in these hard times says it all. PMO sees value in 88e and the area and they are progressing the job. Makes me wonder how much "value" PMO sees with the oil price low......A month ago messages were "PMO riddled with debt, new director etc" then next news release was "PMO buy North SEA oil field!"
Trick to read into it fully.

Its looks like a LUNCHTIME Climb??!!?? Who had lunch and started this?
Could skyrocket tomorrow if that lunch was breaking news..... Best of luck

Lets start a new thread on that last message. I read back that eventually 88e was looking for a total buy-out in the right conditions. Does that still hold true?

I have read back as far as I could on here and the ultimate game plan a few years back seemed to be to gather as much info and area as possible farming out along the way until the time was right for a possible buy out of 88e? Does that still hold true?
PMO has just bought out one field in the last month so is not cash short (despite all the silly rumours on here and PMO chat). It clearly sees value long term in buying in to fields whilst oil is cheap (seems sensible to me)
IF PMO had some good results thought this is very good "value" at say 500 million+ after surveys and appraisal well (including HRZ and below it possibly according to some reports) and wants to buy 88e Outright? Is that still in play?
That's an offer of around 10pps at 500million (ish) off the top of my head?

No sorry. perhaps I was not clear, With the SP. Its a bit of an average.

Is there a takeover?

Sure it isn't a leaky ship and an RNS?

Back to 6p?

Brom, trying to read between the lines on past charts is tricky, they are always averaged per day.
But looking at the flatline period, midchart, before the final hike up. I would say "over a period of a few days(IIRC)" 30 million underlying buying-in added pressure on that and changed the direction. After that low trading of even less than 10 million shifted the SP.

It is what it is. The market likes a spread of 0.1pps Very very few times it reduces to less. Your right though. I looks mad with this SP.

I tink it was a cheap chineeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeees keyboard; I boughtttttttttttttttttttttttttttttp oneeeeeeeeeeeeeeeeeeeeeeeeeeee0 tttttttttttttttttttttptttttttttta I think it was a illuminating mini keyboard. look above at the unedited results. I plugged it in to show you.

PMO and other oilys are having a good day...perhaps 88e is next. One thing is interesting is with dual listing ASX and LSE the CR alternate markets.

If you look back now it says it is. But at the time it briefly made it to 3.0c on the first eve/night of the 15% increases. I won't say it again. As either you were not looking closely at the time or your just looking at past history. So is this story of a March 1st Spud true?

No, I think our wires are crossed. I didn't say it wasn't 2.6 at CR. I said it increased to 3.0c after the first day of 15% increase. On the second day the LSE increased 15% the ASX dropped back to 2.6c. AND WOULD NOT GO HIGHER. ALL BEFORE CASH RAISE.

No, Although if you look on charts now it says 2.6c, at the time of late Dec early Jan there were 2 days of 15% climb on LSE , there was one day climb of 15% on ASX it held thee LSE back. It peaked at 3.0c
I read an earlier post of an interview given and a spud on or around March 1st? Still Holds true? How long is the drill expected to take? 2 to 3 weeks?

coincidentally if you applied the 3.0c on the ASX peak to the 2.2c presently holding and then converted across to our 1.2pps you would equate to a peak of 1.63pps......just to allow you some idea how miss matched the pricing can be and will become....