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Smart bstrds buying in really cheap. Dirty play here... will recover but gutted i could have bought in at these prices.

Many still buying in.... what a price to buy in. My av was 0.85... now seeing buys at .70....

Dont forget 88e has more than one egg

Many will be selling only to see by next week price will still go 1p plus as its still undervalued.

More in the pipeline to take us to the clouds... thats my view so will be holding

Low hydrocarbons but oil shows are present.... we have the license and all we need is the drill to go in the right spot. Still some hope here.

Haha funny - 3% is a minor drop compared to what is to come - Rating the MM's as these sells were most likely auto orders - they moved the price up to trigger sells and then price slightly fell....why? because they need free shares to make more money on the rises that are to come - these market makers are so predictable. Another great day tomorrow.

Expecting 5p by Friday.... Not really but would be great. Expecting a spike not sure what price to but will be a huge one - Monday/Tuesday next week is when we should be all expecting the news that will send this spiking towards the moon - could be sooner but this is when our ten days is up

RNS EXTRACT: "Although the Company is still investigating the situation, the recent regulatory history of the Licence is entirely inconsistent with the action taken by the State Service to publish the Order. In October 2018, a scheduled compliance inspection for the Licence took place, in which no significant issues were raised by the inspectors, though there were some very limited matters raised regarding the manner in which documentation relating to the Licence activities was processed. However, these issues did not relate in any way to compliance with any environmental, health and safety or similar regulatory protection of hazardous activities, nor were they related to any losses to the Ukrainian State or local authority budgets. The Company provided responses and documentation in relation to the matters raised by the inspectors within the period required by the State Service, and since then there have be no further requests or issues raised by the State Service."

The Ukranian state have clearly played a sly one - my honest opinion here involves the route of litigation which will reinstate the license - will be costly and time consuming but worth while especially when chasing damages.

Got to rate the BOD here - its sad to see the order being issued but for what reason? on what grounds? Seems like an error on the side of the state - may be rectified sooner than we think - just in case its not the preparatory work is being done just in case suspension of operations is actioned.

The Icewine days were weak for us - so much more going now completely agreed - if it was'nt for Repsols ultimate oil discovery only a few miles away i probably wouldn't be overly confident here but because nearby successful wells are producing the odds are favorable to any investor here. 4p will soon be passed and we will move onto bigger things .

Big night tonight for brexit - then next piece of good news will be next week when we get the wire logging reports showing commercial oil finds and a continuation of the horseshoe reservoir beneath us - mind you the brexit news tonight wont be as positive as the next RNS here but oh well - good luck Theresa you clueless goat

Winx-1 is located adjacent to Oil Search’s Horseshoe discovery, which substantially extended the fairway for the successful Nanushuk oil play to the south and has resources of between 500 million and 1.2 billion barrels of oil. - if our data is suggesting similar trends to Horseshoe then what does that tell the investor ??? that the likelihood of oil find and at commercial flow levels is very high - hence why these small hundred pound buys and sells mean nothing - the big boys will be running here soon - Friday will be a hold day for many no doubt awaiting WL news

88E Managing Director, Dave Wall, commented: “Encouragingly, we have also encountered multiple potential pay zones in the primary target as well as one of the secondary targets. Whilst it is still early days, we are well placed and look to the wireline program with measured optimism."

A consortium of small oil explorers is ready to test the extent of a suddenly attractive North Slope oil formation.

The state Division of Oil and Gas approved Great Bear Petroleum’s plan to drill the Winx-1 exploration well Dec. 14.

Anchorage-based independent Great Bear is partnered with Australian explorers 88 Energy, Red Emperor Resources and Otto Energy to drill the well estimated to cost roughly $15 million, according to company filings with the state.

The Winx-1 well will be 13 miles due south of the Village of Nuiqsut and about 5 miles east of the Horseshoe well and sidetrack Armstrong Energy drilled into the shallow Nanushuk formation in early 2017.

The Horseshoe well extended the prospective Nanushuk formation play more than 20 miles south of the Pikka Unit — in which Spanish major Repsol also holds a significant position — and Armstrong estimates holds roughly 1.2 billion barrels of primarily Nanushuk-sourced oil.

CEO Bill Armstrong said when the Horseshoe results were announced that the well is a strong indicator that the Nanushuk resource in the area could be double what is known in the Pikka Unit.

Oil Search Ltd. is now developing the Pikka Unit.

Slope geologists generally believe the Nanushuk prospect to be a western Slope phenomenon and exploratory drilling has mostly been west of the initial discovery at Pikka.

However, 3-D seismic data indicates the area where the Winx well will be drilled could hold 400 million barrels of Nanushuk oil, according to a prior 88 Energy release.

The work schedule approved by the Division of Oil and Gas calls for the companies to build ice roads and pads to the drill site through January, with drilling to start in mid-February.

Great Bear Chief Commercial Officer Pat Galvin said in a brief interview that the work is on schedule and is being managed by wholly-owned 88 Energy subsidiary Captivate Alaska LLC.

Work will wrap up in late April or along with the end of the Slope ice season.

Plans are to drill Winx-1 to 12,000 feet using Nordic-Calista Services Nordic No. 3 rig.

Armstrong said the Nanushuk oil his company encountered to the north was primarily less than 5,000 feet deep.

“The Nanushuk is the primary target and there isn’t a plan to test other zones but sometimes you hit things you don’t expect,” Galvin said.

Great Bear and 88 Energy are also continuing work on separate projects along the Dalton Highway south of the developed area of the North Slope.

Galvin said Great Bear is preparing to test its Alkaid-1 well drilled in 2015 later this winter. The well is looking for conventional oil targets, he added.

Great Bear had previously been focused on unconventional oil prospects on the southern flank of the Slope.

Source: http://www.alaskajournal.com/2019-01-02/more-nanushuk-exploration-set-15m-test-well#.XIeqWVX7SUk

More to come - Wait for the wire logging reports to drop and you will be pretty pleased. Hold me accountable for this statement - that's how confident I am

Repsol found the biggest oil discovery in 30 years in the US only a few miles away from where we are drilling - many experts have made strong assumptions that we may share the same reservoir, there have been signs of oil but just no confirmed quantity and commerciality - the signs are pretty strong here especially if Repsol are operating nearby pulling out barrels - so no negativity here - will continue climbing slowly and those who did there research will stay whilst those gamblers who follow posters will sell and leave and probably miss out a lot more of the upward trend. DYOR instead of reading some of the derampers here - strong share

plus don't forget RMP is our sister here - they have a smaller interest in Nanuchuk but have risen in 100's% in days and still going so science says we have a strong likelihood of following suit.

Dont forget we are in the eyes of BP and Repsol... and they just two of the big players working around us...

Strong signs of oil shows puts this in a very high chance bracket of spiking.... 3p plus before Monday imho. RMP have had there 100% days... and will most likely have more... so will 88e

No placement happening here... disregard bboyblue88... as the name suggests an 88e basher who just wants price to drop... where the f did you even get a scent for a placing lol... lunatic. Another strong blue day here... news around corner... RMP also having a great week so far - more opportunity in 88e