Member Info for Phrontist

Or will RMP be delisted due to nil activity.
Which means, go Private and hand the cash back to shareholders...
P

The Calista Nordic 3 is a substantial drill....
Capable of reaching down to any conventional layers....
But also to unconventional HRZ between 11,000 and 12,000 ft.
Right on the Dalton Highway and only a few meters from the Trans Alaska Highway.
Worth a punt is a grand understatement....
Phrontist

Many people think that a share consolidation is inevitable at some stage soon.
For example 1 share for every 100 held.
This costs money ?? and brings little value to 88E.
What is more likely is that we merge into a company with larger MC and better reputation, such as PANR.
Just as XCD's shares disappeared when they took 20% approximately of 88E MC for 100% of their MC.
This process costs less and adds a great deal.
Phrontist

Clearly the coronavirus vaccine progress story for getting the world back to work is highly significant for manufacturing industry, where RR is positioned.
The two vaccines announced in the USA are great news but deployment to the public is complex and expensive. Also, the rate at which they can be 'manufactured' has limitations.
People are suggesting that vaccination injections may only start to get motoring Spring 2021.
And, I feel, commerce and industry are looking for a more conventional solution to the vaccine biology, such as the Oxford/Astra Zeneca product. This can be delivered like the flu vaccine and jab. It can be 'manufactured' to vast volumes much quicker.
The Russia and China vaccines support the belief that many successful vaccines are likely. But these two are politically distant for Western Europe and USA. Also Russia and China have their own vast needs.
Big part of the bottom line is, when will national and international flights, shipping, train & bus travel, all be seriously moving back to normal?
All IMHO, please read extensive online material.
Phrontist

Well sensetalka, you can google and search as easily as the next man....
And watch TV News....
BJ has given two major verbal presentations on government policy in the last week:
Green policy and industry
Defence and industry (12:00 am today)
Could it be part of these? I am sure the detail will emerge in writing sometime.
Phrontist

DJP, I agree, seems like many low volume deals with emphasis on selling to move on...
BUT not much sign of larger investors such as (Pension) Funds etc
I think and hope Funds Under management will 'rediscover' Rolls Royce.
If this were a USA based company the SP would be flying now, such is the financial support for home grown technology.
UK Fund deliberations are looking for security and dividend as much as growth.
I guess it takes more than a few days to observe how the New RR is going to move forward.
Phrontist

A consortium led by Rolls-Royce has announced plans to build up to 16 mini-nuclear plants in the UK.
It says the project will create 6,000 new jobs in the Midlands and the North of England over the next five years.
The prime minister is understood to be poised to announce at least £200m for the project as part of a long-delayed green plan for economic recovery.
Rolls-Royce argues that as well as producing low-carbon electricity, the concept may become an export industry.
The company's UK "small modular reactor" (SMR) group includes the National Nuclear Laboratory and the building company Laing O'Rourke.
Last year, it received £18m to begin the design effort for the SMR concept.
The government says new nuclear is essential if the UK is to meet its target of reaching net zero emissions by 2050 - where any carbon released is balanced out by an equivalent amount absorbed from the atmosphere.
But there is a nuclear-sized hole opening up in the energy network.
Six of the UK's seven nuclear reactor sites are due to go offline by 2030 and the remaining one, Sizewell B, is due to be decommissioned in 2035.
Together they account for around 20% of the country's electricity.

In November 2009, the Government identified ten nuclear sites which could accommodate future reactors: Bradwell in Essex; Braystones in Cumbria; Kirksanton in Cumbria; Sellafield in Cumbria; Hartlepool in County Durham; Heysham in Lancashire; Hinkley Point in Somerset; Oldbury in Gloucestershire; Sizewell in Suffolk;
So this has been a long term project just gathering legs....
P

Personally I feel 125p now is quite reasonable.
There has been endless good news from RR itself and from UK government relating to RR's developing business.
Assisted by £7billion of new cash and loan facilities acquired over last few months.
Further assisted by regular and ongoing medical solutions to the Covid-19 endemic.
And RR's SP is moving from a rock bottom place.
(No shorters in site now....)
Phrontist

BJ is making a far reaching and highly significant speech for substantial and significant increase in government support for defence manufacturing and armed forces deployment.
Phrontist

Oops DJP, we are both right and both wrong.
737 Max uses CFM International LEAP-1B, a French manufacturer.
So, one choice, not GE or RR....
Phrontist

DJP11235 - WRONG
Many commercial airlines choose which engine supplier they want, choice mostly RR or GE.
Many commercial aeroplanes are designed to support this choice, just in case.....
And the aero engine manufacturers have plenty of time to ensure full compatibility by the time first Testing commences.
Military jets tend to be more specific. But there again, not always.
An expensive plane having engine supplier choice is commercial sense and 'health and safety' protection.
Phrontist

flexm, cont
CP have many 'producing wells' in Alaska. Perhaps they are not desperate to buy risky sites whilst oil is only $44/b.
They would be prepared to buy-in in a year or two and pay a much higher cost, if the site becomes commercially viable.
A 10 to 20 year production site will generate vast amounts of annual revenue.
The up-front cost is small in comparison to the future wealth generated.
If they buy-in at de-risked stage, they become operational quickly, avoiding our 6 or 7 year cycle to get to one operational well proven.
Older posters have read this following comment many times.
BP (then British Petroleum) took until their 7th well to strike commercial oil flow.
Many people wanted to throw the towel in due to massive expense.
Because BP was owned by the British Government....
UK tax payers were financing the whole operation. )))
But lucky BP, the 7th well struck oil, leading to a vast fortune from that region.
Phrontist

flexm
I am sure that many big exploaration companies, like many big property companies, would like to just keep buying up every 'likely' land site. But there has to be a balance between buying land and de-risking oneself OR buying nothing until an 'explorer business' finds and de-risks a site.
I mean, just look at 88E. We (my money was in there) have spent approximately US $ 110 million de-risking sites over a five year period. And not pulled a single commercial well, in fact not even near it.
Will the 6th Drill (XCD site) or 7th Drill (Heavenly site) be winners?
We have NO IDEA, is the only fact.
But supposing one of them does produce a Vertical Oil Flow.
Then the following year the FO Contractor then has to carry out a more expensive drill to asses for commercial oil flow. Does 88E have to finance its share of this? I don't know. Miles from TAP and Dalton Highway.
This 'commercial well' is likely to require horizontal lines to prove out properly. Expense is mounting.
Then it is successful, say for 250 million barrels resource over five to 10 years.
Someone then has to lay a pipeline North into the Prudhoe Bay network, or East to TAP Pipeline.
And a gravel road between this Commercial Rig to nearest road network.
All of this is possible, but risks and costs are immense.
So, if the FO company is PMO sized or smaller, this will take donkeys years. (PMO have massive debt).
If the FO company is CP sized (and there are a few large operators in this region) they have the financial muscle, people and physical resources to make this happen definitely and quickly.
Phrontist

Luchon, I have a few million shares, less than 10% of my earlier sum.
I was in for many millions for over 5 years.
If you look at the 88Energy web site, share price graph, and set for 2015 to date, the truth is bare.
Early buyers could get 0.5p. SP rose to nearly 4p in 2016.
Then systematically declined every year to 0.25p, bottom.
Now risen to 0.47p today. But look at the graph, this is same annual cycle...
Like many other 'old faithful shareholders' this is not good management.
Rather than become a de-ramper on here every week, I opted out and looked elsewhere.
There are opportunities with other companies.
But (to my mind) there are 3 or 4 fundamental problems in 88E.
I have briefly explained them here but my posts were deleted. DW refuses to answer emails.
There is an inevitable risk with an exploration company. Big loss or big profit.
But when DW fails to disclose significant information from shareholders, then we are unable to identify the trues risks we are prepared to take.
Phrontist

I think a few things can affect the SP coming up to end of 2020:
1 The FO contract is signed in time to carry out the proposed Drill Program.
2 Weather does not do anything stupid Jan/Feb/Mar 2021
3 The drilling technology works OK (it is new method for us), and down to 6,000 ft
4 Drill 1st, get samples and positive oil flow test
5 Time to drill 2nd, get samples and positive oil flow
6 The nature of the FO company - small and smart local business, or large known oil company; already an operator in Prudhoe Bay region; generally issues about the company.
7 The BIG ONE - will we have a Capital raise before 2020 year end? (Not much time left...)

Noting PMO has $2b debt. They have reasonable oil production so at a good Crude Oil price they can handle such a debt. But when Crude Oil price dropped, it crippled PMO.
We must be honest to ourselves about Capital Raise. OK, it knocks the SP downwards in the short term. But equally, going into a H1 2021 drill Program with the Bank Vaults nearly empty is plain foolish and would damage the SP far more. Unless good oil flow results prevailed.
At this stage everyone must realise that NOT doing a Capital Raise is foolish and risky.
I remember well, when the Charlie-1 FO was announced as PMO. Most posters were negative.
So yes, IF DW (and MM who used to work for CP, same as PB did) were to sign up CP, the SP could hit 2p before the Drill starts.
Reasons: CP are large, experienced in everything we need, financially strong (in spite of virus). Plus, are likely to express interest in buying up some of our Alaska assets.
Phrontist

Last year about 8 Nov the SP was 0.88p.
Cenkos said then, SP should be 4.6p as run-up to Charlie-1.
And,,,,wait for it, they said after Charlie-1 the SP will be 46p.
Well, we all suckered that one for sure when is dropped to 0.25p
They are only out by 180 times.
Cenkos have NO credibility at all.

My Account has just received the 32p shares now listed as RR. as usual (94p?)
So, the RR. SP could do anything for a few days.
Some will be profit taking and moving on.
Most, I think, will quietly hang on for months, possibly years.
(The Small Modular Nuclear Reactor business could become bigger than todays Rolls Royce.)
(With modern streamlined automated manufacturing 'Industry 4.0' factories)
I feel £1.50 by end of next week.
And over £2 by end 2020.
During 2021 a great deal is possible, anything from £3 to £6.
At £2 the MC is £16.2 billion, which is not massive by todays global standards.
Once RR announce restarting Dividends, and Sales get a grip, this company will really grow.
Phrontist

Open for 90 minutes today...
And still no New RR. shares issued...
6.4 billion shares waiting to arrive in Dealer Accounts...
Phrontist

taiz, 'shares lent out, not returned yet...'
Interesting suggestion.
I heard about this practice, but a few years ago.
Surely this does not happen with a new Issue?
And such credible Underwriters?
With 6.4b shares 'out there', RR could be taken over using our assets?
Phrontist