Member Info for SeaHawk

Now up 12% today it’s a start at least!

Yes fantastic potential. This is a long term hold for me as this could go to the moon. Short term there is lots of news to come and longer term i see this easily at £6. They need to keep their foot on the gas though as I think people are starting to wake up to EV and climate change.

Wow when I started with 88e there were just over 4bn shares and I thought that was a lot. We were talking about about by the time we were all rich there would probably be 6bn shares. Over twenty bn enough for 3 shares for everybody on the planet! Wish you all luck and it’s about time 88e managed to raise some oil, it cannot keep on being unlucky.

So Louis can you pipe down on bigging up Jim who clearly does not do his homework and is nowhere near as good as you think he is.

Well whatever company was in the JV talks now has the opportunity to buy the company out for peanuts. Offer 12p a share and its done, people who bought in today double their money and the rest of us are just happy to get some money back. Art has I expect had his bluff called by the JV partner, he thought the JV would be a done deal and money would not be a problem, but these big companies are not stupid they would know how close to the wind Art was sailing. Even if they complete a JV now do we think its going to be on good terms! Art and his finance director have completely blown this, they should never have let the finances get to this state, a loan or capital raise should have been completed to see them through the winter. So tired of bloody useless CEO's.

You are right he appears to be a consummate liar and I would no longer trust a thing he or the company say

Got to give it to the CEO he sure knows how to write a decent RNS. An awful lot of CEO’s utterly fail with their RNS skills but this guy gets it spot on, plenty of detail but written so we can all understand what is going on. Excellent news and the potential for this company is huge.

I have watched shares being manipulated over the years but this one beats them all. Just as soon as we start to rise in comes the massive sells. They are not even subtle about it now just look at all those round number sells. Would love to think the FSA would have a look at this but they will not be interested and will be sitting on their fat asses.

I am a little ticked off they did not address the elephant in the room of them selling off many millions of their shares that promoted an immediate sell off of shares. That was a critical moment in time that has cost the SP enormously and it has not recovered from it yet. A simple yes we got that wrong would at least things straight.

What do you expect them to say? No company says its going to raise in this time frame.

Up 20% very nice, I bet there are some shorters wetting their pants right now.

Surprising that this board is so quiet as this is potentially a fantastic share to be in. Got it all going on with lots of news to come.

Yep Tony I would be interested in his response as he is not making sense to me. PANR still have 16m in the bank and only some 800m shares. 88E have 18 billion shares enough to give everybody in the world two shares each and still 4 billion shares left. They have almost no money in the bank and desperately need to do a cash raise in the next few weeks or they will not be drilling at all this winter. So far they have failed to raise even a barrel of oil after 6 wells. PANR have 18 billion barrels of oil on their leases and have just shown they can make it flow (he says its good) and yet he thinks 88E is in a better position. I look forward to hearing from him/you.

Where have you popped up from Benny, why do you feel the need to spout rubbish on a share you are clearly not in. Do be a good little boy and fetch your morning glass of milk and then go do something good with your day, that does not involve messing with people who have invested their hard earned cash in this share.

Excellent interview where he makes the point that this is just the start and is better than they were expecting. Another well being sorted at the moment with one more due shortly after. They are learning as they go eg not to frac with water and to me this is now looking very good indeed. This might actually put the JV negotiations back a bit as there is now a whole more data to look at, (a good thing for us). So hold in there folks, just a little more patience and yes you need lots of it for this company. Time to load up if you can.

This is a game changer for the company and this share has just been de-risked considerably, but this RNS was never going to be enough to create the re-rate that we are all looking for. Its one well that is still cleaning up, it does, however, show that there is oil and that it flows and should allow some reserves to be declared in the near future. Its a good step forward but we need more to get us moving. The bond holders are clearly selling hard today which makes it clear to all and sundry that the debt needs clearing sooner rather than later. We need that JV to come in and clear our debts and then we will be off to the races.

I think you are right Sailplane I think we will be on for a summer drill like last year. I guess it will save money in not employing a rig during the busy winter season and the cost of building ice roads. PANR don't make easy though as we will now doing directional drilling, I hope they go out and find somebody with lots of relevant experience to oversee operations. I said before this last drill it would be nice to have a drill with no problems but yet again PANR have left the door open for shorter's. If I was the JV I would be asking for operational control that's for certain.

Blimey Rktech if its bad for PANR fund wise then it can only be described as appalling for 88E. Both companies need success from their drills. Lets hope PANR can get its well flowing at economic rates quickly as that will help here enormously.

They certainly need to get a move on, for some reason I had it in my mind that they were aiming for production to start in 2024 not 25. Still they need to prove what they have and then get partnered up, this is not the time to hang around.

Total over reaction to todays RNS, however that's what happens when you keep letting people down. Confidence has been low for a while and had only just started picking up last week and then ART throws this one into the game and it has stopped the rise in it's tracks. We will now have to wait and hope he comes good on all his statements that he has recently made before we see some confidence come back. Good news needed soon, positive proof of more oil coming out of the ground would be a good starter.