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I khan, I thought kids of preschool age didn’t get that much pocket money?
Musk, flow rate will not be transformational for the company. They will need significant investment to bring to book the oil. They will farm out (likely) and the return will be pushed into Nambia (Alaska 2.0)as a hail mary imo.
All my own opinion
Taxi man and Musk - you both are severely under researched. Your comments while positive lack substance and show significant gaps is fundamental knowledge. Please except this critique out of my genuine concern.
88e is an extreamly high risk stock that requires CR’s to survive, its holdings apart from Leonis in Alaska are downdip of PANR. They are only testing two zones. If these are successful they will do a CR (usual practice). With 25 Billion shares and scheduled to be removed from All ORDs Indices on 18th March, the BOD almost certainly recommend consolidation. Namibia is at an early entry point and Longhorn is significantly underperforming.
I wish you well but do better research!
dYOR all my opinion
Musk - I guess it’s a case of “I see it all now” said the blind man who walked into the lamp post.
Perhaps you might consider being cautious.
Had to happen 25-billion shares and trading at 005-006
Effective March 18th
Baron 5 posts (newbie). 25 billion shares, board considering consolidation. The door shuts on this stock generally before an open, so easy to get caught. Plan your exit strategy because sells will be stacked and buys will disappear.
IMO if a spike occurs it will imo be emotion and it will retrace very quickly.
DYOR - many have other opinions
Taxi man yes agreed. The main point of difference is that in the video it mentions interim results will be reported separately for each of the two zones tested. In the video it suggests between 10-14 days from each flow test start date to expect announcement.
Flow test takes 4 days but 10 days to prep and close off.
1st 4 day Flow test starts about 4/3 so expect a result 14th ish and 28th.
DYOR. And GLTA looking for a rise.
Sorry that was meant for Justice2U: 20:53
AbSolute Rubbish - go back and read the announcements
Gam2: a fool is soon parted from his money.
Negative commentary is not deramping fool!
Gold finger and I both want 88e to do well. This is a chat room and just because the posts are not positive does not me the authors have an agenda.
You rarely post here so I assume your part of the P&D crowed looking to make money from others misery.
Make money please but call it what it is gambling.
And that is gambling. It should be trending up not sideways
Announcement about flowtest start due around tomorrow
Video said they would report on each flow test at 10 day completion- I’m not trusting this will happen if the result is negative.
Expect a CR after the first flow test if it’s positive imo
Justice2U: your point is?
That the price has trended up from 0245p to today 0315p
Is that correct?
I continue to own 1.6 m shares LT and will sell at a loss in March before the potential consolidation.
This is an 88e forum but you are suggesting I’m a PANR stooge.
I only have 9000 PANR shares, However, I will transition to PANR in favour of 88e as it is imo the better share to own LT based on how far along the production route.
Core question. Would I buy 88e again - No not unless the board is spilled and they do more than one event a year
RP: Yes nextinvesters “think” the market is placing low estimation”. - nice out that…
Why are they only testing 2 higher zones yet they drilled 5 zones - Panr results cannot translate to 88e flow rates due to DMax
They. Talk about porosity but fail to spell out DMAX effect on long term flow test.
88e are doing a four day flow test on each zone, 10 days to complete. Why not longer tests.
Namibia is at very early stage - let’s call it Alaska 2.0
Texas is producing 355 boe gross not net. When they bought in they promise much more than that and they have spent millions more on workovers.
No mention of how mushy shares the directors own
No mention that the sp since Merlin2 has fallen to its now new lowest point.
No mention that the new hickory well (if successful) will cost over $US 120 million to develop
No mention that after paying for these two tests they will need to do at least 2 CR’s one to keep them in cash flow and the other to fund new work.
Erskine, did you notice how my autocorrect did not play games 😀. I must say you are articulate lol
Come on you mob of gamblers what’s your prediction of price on each announcement base on this result which for a horizontal will equate to about 1000bod.
Justice2U: Do some research on DMAX and read about geology. Before you make such stupid comparisons
Justice2U: So you can.read? Next Investors have financial arrangements with companies they invest in. They do not provide any detailed financial analysis and I would suggest it is possible they sell into the hype they create.
It has been said by Musk15 that the information is pragmatic - which is Musk15’s way of saying that he agrees with it!
Much of what they say is soft sell. What do they make of cash position after flowtests and consolidation?
Deeler55: I think he now trades as Queerdeeler55 😀