Member Info for Phrontist

Rolls Royce is one of the best Brand Names on the planet AND alongside GE the pair dominate high end commercial and military aero engine business. As every RR shareholder knows, a combination of events has left the company with an extremely low Share Price.
Many businesses are operated by Private Equity groups, not least Boots Pharmacy in the UK and Spacex in the US. Private Equity ownership is able to streamline and make vast tax exempt profits in manners not possible by a Listed Company.
A Buy Out of Rolls Royce could be at 5 or more times todays Share Price.
We are sitting at 75p. Shortly there will be £2billion CASH on RR's bank account plus additional low interest loan facilities up to £3 billion available.
The bad effects of coronavirus are very real today. But by end Q1 2021 this could be history with vaccines.
OK, everyone here knows all this. But still, the RR SP languishes at 75p.
My guess is £1 by end November. Possibly double by end 2020.
Phrontist

Forget the £ Party.....
I would be happy with a 1p Party giving 88E an MC of £80 million.
Then negotiate a merger with PANR who:
1 Are located on and above our North Border
2 Have easy (low cost) site access being based across the Dalton Highway and only mete4rs from the TAP
3 Are run by astute and relevant experienced team
4 Have passed their first successful Flow Rate Test between us and Dead Horse.
PB's suggestion was to have successive Drills going North from Icewine-1 location, hugging the Highway and stretching up to the border with PANR. We are likely to have struck oil like PANR have and be doing Drill Programmes at US$7.5 being on the Highway a short drive from Dead Horse.
I ask myself, what went wrong???
Phrontist

Latest moment to buy into this RR RI, my impression is:
1. you must have RR shares in your Trading Account, purchased with payment cleared (settled).
2. you must have enough cash: 'number RR shares' x 10/3 x 0.32p = £p (not part covered by 'Trading Reserve')
3. At 8am Tuesday 27 Oct 2020, this is checked by your Trading/Dealer company. Those that meet above get the RI shares.

If this is not correct, please advise on here.
My Bank advised me to have correct balance of RR shares and RI-ready Cash to complete by/during Monday.
Since some activities can take 2 days to Settle eg sell some other shares for the cash part, I had to have my 'actions' completed by 16:30 yesterday.
If you have the Cash part elsewhere, fast Bank Transfers can support doing this on Monday. But risky...
ATB Phrontist

the SP rises to almost 222p
a further 3.5% rise.

You should read the RNS's .....

Is it possible or likely that RR share dealing will be suspended for a few days whilst the vote occurs, and the process of identifying shareholders, collecting the money, issuing new shares, and any clean up procedures needed?
P

737 Max problems were software design deficiencies not mechanical or propulsion problems.
And as said below, this plane did not even use RR products.
P

Don't forget, RR is not just Commercial Airlines.
They have big business in military, sea, power generation and working on mini-nuclear.....
It is a company with many arrows to its bow.
P

RR should have added £5b to their bank account, post RI shares.

.... followed by small drop to 186p....

WAussie, I'm sure I will be back.
If there is a 1p Party, that will be a result.
A 10p Party will be amazing...
The £1 Party.....
ATB LTHers, P

The problem with Peregrine XCD prospect, is that the Seismic data is old.
If 88E go ahead based on this, then the Western Blocks scenario could repeat itself.
In fact, the two are not far apart geographically and organisationally.
Both ‘deals’ were struck in Perth between groups of Perth ‘oil entrepreneurs’.
And nearby to Peregrine, there are excellent oil discoveries and disappointing water discoveries.
What is the Risk Assessment for Peregrine? Based on what information?

Olderwiser wrote on HotCopper last night, about the Charlie-1 recent RNS.
He examines the limited data we have, the crumbs thrown down from DW's table.
Sadly, his deductions are not good.
It is not promising for the 'commercial' part of 'commercial oil flow'.

Over the last few months, I have asked DW some questions on the issues of Data Processing.
He refuses to acknowledge receipt of my email (3 times), let alone attempt answers.
88E is a publicly held company.
Many aspects of operational procedures should be public knowledge.

Further, a business-oriented MD should not be writing Technical RNS's.
This has no credibility.

My investigations indicate that BEX should be making the technical Press Releases.
After all, Michael McFarlane and DW are Joint CEO’s of Accumulate Energy Alaska.
And MM has long term, proven track record, relating to data processing of field information in oil exploration.
His word means something.

Remember the webinars a few months ago?
A smaller company than 88E followed DW.
They were straight and factual.
Business was discussed by the business oriented person.
Technical aspects were presented and discussed by technical on-the-job people.
Potential investors were given a real position of past, present and planned future activities.
And the LSE site has sensible discussions.

Are Docmin24’s opinions on HotCopper right or wrong? I just don't know.
88E should not be involved in acrimonious communication between MD and Shareholders.
This stems from incomplete and inaccurate information.

So, after 6 years in 88E, I am now OUT. I need a break.

Phrontist

MW93, I agree.
Global events have unbelievably lead to this Crude Oil Price crash, as not seen for many decades.
But the Crude Oil Price will come back. In time for when Oil Production is starting on 88E/BEX leases.

And I hope GENUINE shareholders are thankful that 88E / BEX did not make excuses, they did not drop tools and biros, shut down computers, and - walk off until the virus has bolted. This business has been working very hard throughout 2020 so far. They have recovered a perceived Charlie-1 disaster into a deserved Charlie-1 success. With plenty more to follow. Not a 1-trick pony here.

88E / BEX benefits in 2020 are quietly becoming - stunning.
And if you do not agree, don't waste your time here.
Slink off to another company and whinge about them.....
Obviously you missed today's +15%....and yesterdays similar gain.....

Phrontist

As you are, WhyWork!
Like all de-rampers, you deliberately miss the positive aspects of the past, and dwell on the negative.
Best business is built on Best Practice.
And post Charlie-1 practice is looking pretty good to me.
Perhaps you can write out a few better shares to buy, and then we can watch and laugh together.
Ha ha....
P

First, I think it would be more than nice to see COP take up the next FO following Charlie-1 success.
Paul Basinski worked for COP for a lifetime before starting BEX. He was a Key man in COP's long term success.
This is miniscule money for COP, even under current financial circumstances.
They have the technology muscle to make things happen.
They have been a mainstay of the Prudhoe Bay Region for 30 years.
The benefit to them would/could be quite substantial.

Second, XCD should not be first, Charlie-2 (or whatever name) should be next FO.
We should learn from past mistakes.
If BoD want a drink of water, stay in the Dead Horse Hotel.
There is no need to join in a consortium to do an unplanned $15m drill on Western Blocks.
IF that area was genuinely 'oily', then 3D Seismic with computer processing should have been done.
Then we jointly only waste $3m or so.

Same with Peregrine and XCD plot.
The professional way is 3D Seismic and computer processing.
Even Yukon has this benefit to make important step towards FO.
Find the two best positions to drill at Peregrine / XCD. Then Drill.
After all, we have paid 20% of our shareholding to buy this company.

Let us break the 88E habit of drilling in the wrong place.....

Phrontist

rosso, this RNS could not have come at time of Charlie-1 drilling.
This timescale 88E/BEX are working to is just fine.
When the next FO round starts, we want the best possible prepared data available for Farminee Applicants to study.

It is interesting to think, Charlie-1 is our first all-88E/BEX conventional drilling project.
Since PMO dropped out. We spend over US$100million to before arriving at Charlie-1. And then by totally unpredictable chance, it is free. We should be VERY grateful, and work on this project assiduously.
It takes many months for Charlie-1 instrument test results and drill sample lab results to be assimilated with past 3D Seismic data. Then re-interpret and reassess the Region A.
I think there is still a long way to go, of positive lab and computer investigatory work, on this conventional oil project.

And still HRZ to fully reveal! The world of geophysics, chemistry, sensors, computer technology has moved on significantly since the 2016 Icewine-1 days. Charlie-1 with HRZ is like a brand new start on HRZ, but supported by the lessons learnt from Franklin Bluffs work. This is going to be BIG, just as we all believed coming into this in 2015.

The magic is coming back to Central North Slopes exploration, at last.
Our work to date has barely scratched the surface of this land mass we lease.
The potential here is VAST.

Phrontist

Uscita, the answer depends when they bought!

When the company proves a commercial oil flow test, the SP will strengthen and hold because buyers assess the value of the business to be greater than the MC.
And....we are all hoping for a buyout battle from large production companies who regard a few $billion to be a cheap price compared to 25 years of steady oil production.

This buyout battle could now be nearer than people realise.
The information and meaning behind today's RNS is very good and informative.
Drill and flow from near Charlie-1 and from Peregrine region will trigger massive SP rises.
Without even mentioning our long haul HRZ bonus.
Phrontist

Short term traders need rise fall rise fall etc.
Long term holders want sustained rise.
So, on a rise, stt will sell at perceived peak.
Then insult every honest Joe that makes positive suggestions.
When we got a perceived low, stt'ers will buy.
And suddenly praise all posters that make positive suggestions.
Meanwhile, LTHers become confused, not sure if stt'ers are truthful or lying.
The stt'ers focus on posters with criticism or praise.
The LTHers focus on 88E issues.
Phrontist

IMHO
Open Charlie-1, do vertical oil flow test on the Lima's
Followed by - horizontal drilling, flow tests
Results will prove to be commercially viable production well
Then 88E will be on strong SP into amazing future
P

Look at timing....
PMO SP dropped from 107p to 13p before Charlie-1 RNS was released.
P