Member Info for rfarfa

19:38
Of course they will, that's why they will have visited the data room carried out due diligence, and decided to buy, knowing full well they can sit on it for upto 50 years, and are prepared to invest 10's of millions to bring it to production, I'll not carry on stating the obvious, but conclude that 100 or so drills search for the Prudoe Bay mother load, and the drill that eventually found oil was the last to be attempted, and was wild cat drill, which is still producing today after 40 years. So I'm sorry but anyone not realising the above definitely should not be invested in oil exploration companies.

Due to Urgent! Need
Omitted the following could it not be that enough data was collected from the drill to satisfy our prospective buyer. All speculation as we don't know until we know, but methodically analysing what has transpired today, taking into account time frames, hoping to drill the 2nd well within the timescale we had, basically based on normal meteorology, which this year has been out of sink, just does not add up. As is often said DYOR and I'll read your input.

18:16 Thanks can I suggest that you now have a permanent job! If you get my drift.
Now if you logically look at today's market, l could be talking out of my back side, and due to my medication I can assure you that you don't want that
We are going to be twiddling our thumbs for 10 months unless we are being brought, so who in their right mind doesn't wait to purchase next year's when there is a high probability that they will be able to buy 50 million shares for what they have paid for 10 today, obviously pro rata.

Could well be true, I've alluded to this, in such circumstances most CeO' s are told to clear there desks!

17:35 The perpetrators of the late high value deals must be regretting not have taken your advice me thinks!

15:37
Brom present time not many will understand your second sentence, but as I, and those that do, I'm sure appreciate that you did what you did, stipulating your terms and conditions before doing so.

Perhaps as shareholders we should
collectively be asking this question, indeed from memory wasn't that part of the basis of setting up 88eWiki, with DJW's approval giving him a platform to deal with answering questions more efficiently.
I'll nominate Brombarb as chairman of the needed representative body.

10:29 Omarko Need for oil!
It was determined by the scientists who's data was taken from the present batteries being used at the time, and they evaluated that we would need 3 new power stations to generate the power to charge all the batteries. how long does it take to build a nuclear power station. Which is the future needed solution. Now we have and they are endeavouring to produce more powerful quick charge batteries, this creates problems.
1). We will need more powerstations than first thought.
2). The problem with fast charge high capacity batteries needs higher amperage chargers and the domestic power supply cannot supply this high amperage, therefore your domestic supply will have to be changed to a 2 phase supply. 3 phase if you have more household vehicles.
3). This will cost, and when one factors into the equation X million households needing conversation how long will it take.
4). I will leave the problems of the number of vehicles that are parked on the public, to you own determination.
5). Personal recommendation for a profitable share investment, litigation solicitors, who will be inundating us with advertisements have you injured yourself tripping over a battery charging cable running across the footpath comes to mind.
I could go on, sufficient to speculate that this issue will be dealt with the same as covid is being managed.

13:17 moneyhawk
Inquisitive mind syndrome problem, wondered if it was to salvage the blowout preventer etc, which I would imagine is expensive. PANR having a similar problems seems to indicate the same geology they were both drilling through, with it's stability being compromised by the number of drill pipe extractions that take place during the drill.

Why do they seal the well with concrete when it is fitted with a blowout preventer. Speculation but suggests complete abandonment?

Well I've purchased but paid top dollar, had a senior moment me thinks

Honest I'm not trying to increase my post count RNS's are releast in order of receipt by the appropriate office, if there are a large amount they are carried over to the next day.

Signing up to 88e .com website notifys you but , the RNS etc is somewhat delaid.

Sign up to hot copper and if being released on ASX they notify you it's pending with a countdown clock to time of release.

WAaussie I believe that he sold up.

Prudoe bay is extracting progressively less oil each year.
Which is a two fold problem for the State of Alaska, lack of income, and the de87terioration of TAPS which will be very expensive to repair or replace.
This highlights the need for oil to overcome these two problems, and the reasoning behind leases being granted on lands that a few years ago would have been out of the question. Add the present Biden stance with oil exploration which compounds the long term value of our assets. As they say DYOR and do the math!

15 :52
Yes was there wore the tee shirt,went from a penny share, consolidated to bring on the big players. BofD's decision suggesting the company was going nowhere as a penny share. Highest share price mid £30 next stop £50???? Sold to KNOC for £18 greed is a lesson to be learnt but I still haven't learnt.

Not cricket as we say, but perhaps bearing in mind the last upcoming paragraph, should we not be encouraging our friends across the pond.
I once asked a friend who trades in the antiques and the 2nd hand market etc. "do you ever feel guilty ripping people off" his reply was " I've spent years aquiring my knowledge, today people have Google to easily estimate value.

Dazzle ticked the box, I just question the relevance now in using the Armstrong deal figures, as things have drastically change since that deal.

11:39
Proof of the pudding is in the eating! Therefore I can't be the only one interested in the difinative answer to the obvious question.