Member Info for Rktech

It was Tim who ran the investors action group on CTAG. It should have gone after the nomad but Tim still believed there was some value in the tech.
There was no tech and it was a scam from day one.
Abman was also involved in the mix but I heard so many different accounts of that so it's difficult to know what the truth of it was.
Definitely two different people.

We'll still be in the same position in a years time but with the SP trashed.

You have it exactly chrisev1.......Scot has a problem and is really rather sad.
I don't really understand why ?........maybe he thinks if 88e get a result with Hickory1 then we will be stealing oil from PANR.
If so then he doesn't understand the physics and geology of tight oil.
Above all he thinks by trashing the stock and pretending he is being altruistic to investors he can distract us from the objectives.
In short he is a vile apology for a human being.......albeit an intelligent one.
Also, methinks he doth protest too much.
GLA all at 88E and PANR.

The negatvity that is inevitable from a certain PANR holder is just simply misplaced but he is unable to see that this is synergistic and not competitive.
It's true we are benefitting from success at Pantheon but the converse will also be true.
Once again.......good luck to all.

Nice one Brom. Produced during the Vietnam era.
The whole escalation of the Vietnam war used the so called " gulf of Tonkin" incident which was a total lie promoted by Johnson who was a puppet of the industrial military complex that Eisenhower had warned everyone about.
This is another anthem of the period.
https://www.youtube.com/watch?v=F_p1JC3z2kU

That's exactly right Wolf.
You won't stop people fantasising about SP's on BB's though.
Of course if JA does secure finance and the project gets a start date or at least something that sounds like a plan then it will really move but it's too small for a major and so it's got to be a relatively small player.
I don't know why JA mentions Beluga as they had their chance and I don't think the Cameroon authorities would have rejected a non controlling interest.......they just didn't come up with the cash.
This still remains Towers best project ever but it's a big risk on getting the cash to proceed.
I also think JA should have taken over the reins many years ago and not gone with the rainbow chasing of previous CEO's.
He has always put his own money into projects and is probably one of the most honest CEO's on AIM.

I remember people talking about those meetings at " The Globe " but which one was it ?.......there's one just as you come out of Moorgate tube station but just curious.

They've secured a term sheet that's all. Icecubes in the sun.
I quote the last paragraph
" The term sheet is not yet binding, and the Loan will be subject to, inter alia, the execution of definitive documents and the availability of the remaining funding required for the NJOM-3 well."
JA has always supported the company with his own money going back as far as the Ugandan drills in 2009 along with many of the then directors.
He cannot be faulted on not being an honest CEO in that respect, in fact it is a rare thing to see and does indeed inspire confidence.
Thanks for pointing out that the cost has gone up to $18million.
I have been thinking of an equity raise but $11 million even if it was done at 0.1p would still mean another 11 billion shares.
It's very frustrating that there is no one (reliable) prepared to do a JV with a non controlling interest.

Essentially it' s because it's more expensive to have say an open offer to investors because of all the admin.

it's all very well guessing that finance news is coming but no one has any definitive proof and the evidence looks lame.
Paula Brancato is supposed to be a " finance fixer " from what I understand but all we've had so far are some offers from a couple of chancers .......one aussie and a Nigerian trader, neither of which amounted to anything.
I cannot see any Bank financing what is for them a high risk operation, can you imagine the conversation.

Bank: Good morning Mr Asher, how can I help you.
JA: I'd like to borrow $16million to go and drill for some oil offshore Cameroon. It has an eighty per cent chance of success
Bank: And what kind of collateral do you have.
JA: Eeeerrrrrrrrr ...........well nothing really but if it all goes well then we should make lots of money.
Bank: What could go wrong then.
JA: Oh, the usual sort of things like the drill bit breaking, unexpected difficult strata, problems with the drill string......you know. And of course we won't know for sure until we hit target depth.
Bank: And what would happen if things did go wrong.
JA: Well I'd just have to say terribly sorry old chap but you've just lost all your money.
Bank: Get the **** out of my office !

Very true moneyhawk.
I did think the next RNS would have been something to shore up the shareprice and not knock it down even further.

Just a general point about 3D.
In a nedical scan it is straightforward and easy to analyze the results to produce a picture. It is processed using integral transforms.
For example MRI data is in the frequency domain and so they use the inverse Fourier transform.
There are so many variables in taking sound reflection data through a largely unknown media. That is why correlation with drill samples at known depths is so important. It is also necessary to " gate out " spurious reflections.
3D takes so much more data and is the main reason it is more expensive. The analysis of the data has improved enormously over the last 20 years with modern processing power so cheap.
I don't know how much it costs but again the number of variables ......location being one are all contributory..
It is however still a constantly evolving science but improving all the time. That is why you will see re-processing of old data using modern methods both for 2D and 3D.

I think this is the floor.
Also I think deepcut forgot the "n" in the username.

Next boost will be horizontal flow results from PANR. No reason to think they're not going to be above expectations.
Down to 88E management to put out an RNS and I don't think it's going to be negative.
Get 'em while they're cheap folks !!

At this stage of the drill it couldn't be better.
Now just have to go horizontal and frack and flow.
Good Luck to PANR and 88e.........think the market is still waking up to the implications.

SP has drifted lower because of the low volume.......always does.
When/If it picks up then were on a winner.....As long as it's long.......BUY that is.

Whether or not there is news next week there is strong ( very strong ) support around 1p
There are also a lot of institutions that hate crypto based neo banking.
Central banks would like to see retail CBDC's and eliminate banks completely.
In totalitarian regimes like China they are already getting ready to role out the digital Yuan.
This will not be an easy road and I UNDRESTIMATED THE RESISTANCE TO A BLOCKCHAIN BASED PAYMENT SYSTEM.
Having said that it will happen in the west because of commercial pressure.
Nothing wrong with the model..........GLA

This why at least some of the PANR dudes don't like it.

" Combining fresh eyes with nearology can often bear fruit and if 88 Energy can leverage off its neighbour’s drilling success and publicly available material then it makes perfect sense to revisit its untested Project Icewine ground."

https://thewest.com.au/business/public-companies/pantheon-well-tests-auger-well-for-88-energy-c-6381297

This is why for those who are new to 88e

20% up now