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We should see the staircase effect into spud.....higher highs and higher lows........ those selling out for a quick profit then paying more to get back in for the next rise mostly.....some will time it right, most will get it wrong.

I have been steadily accumulating since 0.7p and have many millions, not trading though, just let the value appreciate into Feb 2020.

This is such a big well, an appraisal at that, with 7 stacked targets plus 1 HRZ at the bottom and we WILL get weekly drilling updates, so loads of news and an RNS on each target zone as it goes through it.

What a wonderful Q1 2020 its going to be.........

I am expecting something very good. The media leak early in November means someone must have seen something that really excited them.

You can tell from yesterdays mid session spike upwards that people talk and things leak.

So putting 2 and 2 together, if it was good enough to leak to the press just from drilling/logging results, then all being well, the next news should be pretty darn good.

https://www.nextoilrush.com/88-energy-edge-closer-spud-date-one-biggest-oil-wells-2020/

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November 2019 presentation released.

http://clients3.weblink.com.au/pdf/88E/02174284.pdf

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News soon in Australia, looks like new presentation to be released.

Announcement to be released soon.

Well, if you check back on 88E, their previous drilling its weekly.

https://www.investegate.co.uk/Index.aspx?searchtype=3&words=88e&pno=3

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Continuous disclosure rules under rule 3.

Look at any ASX company drilling, they provide constant updates. No ASX listed company is allowed to withhold any market sensitive information - so they update continuously while drilling.

https://www.youtube.com/watch?v=8kHZ5K09GgU&feature=emb_logo

And to reiterate, as 88E is dual listed AIM and ASX, they have to provide a weekly drilling update as per ASX rules.

Which means each of those targets is going to get its own RNS update, making news flow constant from spud.

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If anyone wants to download and listen to Mike Bucks' conference call, the link is below.

https://ufile.io/4bo9gkpc

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https://www.petroleumnews.com/pntruncate/964712684.shtml

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Definitely appears to be something in the background rumblings of I3E being in discussion about alternative funding for Liberator, freeing them for the need for the RBL.

Is it a Repsol farm in to Serenity ? Who knows but the weeks ahead are going to get very interesting.

Sorry Jiddy......... yes, the LSE forum format is not the best, I thought you were asking me....... :)

Nope, posted on here numerous times.

An assessment of risk - I have been buying 88E since the placing and currently hold 20 million shares at average of 0.78p a share. Suffice to say, I believe the risk is good, based on 7 stacked conventional targets and the 1 HRZ target.

Its also considerably de risked as PMO have viewed all the data and agreed to farm in. Their own due diligence will have tested the risk against reward. They deemed it good, and farmed in.

The risk is very much reduced as.......

Appraisal of proven oil.
7 Conventional targets in the 1 well.
8th HRZ target at the bottom.
Every week will be a drilling update, each target will have its own RNS release.

So whilst the risk is obviously there, its a very attractive risk/reward ratio.

Been some people spamming around the place about 88E and BPC.

The major differences are :

BPC could not farm out - failed - nobody interested after looking at the dataroom.
BPC drill is pure exploration and so lower CoS.

88E farmed out to PMO, who after looking at the dataroom wanted in.
88E is an appraisal drill of proven oil.

That makes 88E a much lower risk than BPC, imo.

Elgin, also second post on LSE

Looks like someone is signing up lots of new user names to try to ramp this one ahead........ LOL

What was your old username ? or indeed your other one on here ? See you signed up today, a new one, embarrassed by what you said with your old one ?

Jethro and Joe are dead imo. TLW openly say the quality of the oil is the problem - its utter crap.

Very high sulfur (and now the low sulfur mandate is kicking in which will kill off in time all remaining very high sulfur oil production).

Probably very acidic. Probably high metal content.

As I said with ECO - when they blag and divert and deflect - like how they over there are talking about only the Heavy thingy......because they can of course point to sort of similar but not really similar if you knew the API and Sulfur content and acid level and metal level heavy fields and make a story of hope about production.

But the Heavy is just one part, the killer will be sulfur level, metal content, acidity - and of course there is no reference to those is there, as that would not offer a story of hope for people to cling to.

Its all blagging imo, just waiting and praying and killing time for Carapa results.

If Carapa comes in good then all this will be forgotten........and if not then this Guyana block will be dumped and heads will roll I think.

I did try to enlighten people to the problems and risks and downside..... And I am the bad guy....... You can lead a horse to water as they say.......

https://guyanatimesgy.com/tullow-finds-low-quality-unprofitable-oil-offshore-guyana/

Tullow finds low quality, unprofitable oil offshore Guyana

…company’s shares tumbles by over 27%

The quality of oil discovered offshore Guyana by British-owned Tullow is now under question after tests found that the heavy crude has a high sulphur content and, thus, is not commercially viable; dealing a blow not only to hopes that the wells would bring revenue for Guyana but also to Tullow’s shares.

This was revealed in a stateme.................