Member Info for SeaHawk

It's not a good time to release results now (Xmas parties, holidays etc), which is bloody typical. I guess if they can they will try to hang on until the new year but that is going to frustrate a lot of people including me!

Question is when are 88E going to raise the money for their next drill. I am not topping up until that happens and we are at a stage where firms will be asking for money. I guess the board are waiting on the PANR result in the hope they will be able to raise at a higher SP. Lots of people waiting on that flow rate!

Redirons I apologise if I stuffed an M at the end on my numbers but in essence 4p x 21bn shares = 840M. There is simply no way 88E will be worth that after drilling one well with no flow test. Rabito has very kindly explained it in detail for you better than I could of. Of course this is Aim and anything can happen and I will benefit in a small way if that happens, but I have grown very weary of 88E after being let down so very many times. However, good luck all.

Seems we are pretty well stuck in this range until that flow test comes in!

Redirons it's going to be around 21 billion shares by that time which is an awful lot of shares. At ,4p that would make the company worth 850,000,000M with no delineation or flow test . The company who found the oil to the north are worth about that amount with about five wells dug and 18 billion barrels of oil in the ground. 88E might get there but I suspect it will take a considerable amount of time. Of course it all depends on if the flow test goes okay!

1311 last time it was at 4p there was a whole lot less shares and there are going to be even more after a cash raise for this drill in 2023, if it gets back there next year run with it and be very happy.

Seller is dropping lots of shares at the moment, I am going to have to find some money down the back of the sofa to buy some more at these crazy prices.

Not sure what CTL have done to deserve a 10% drop today but then again this is aim so anything can happen.

Cringsing they will re-inject it back into the formation, help's keep the pressure up and the flow rates higher. It is not unusual and is done in most fields these days.

Bladderman there is still work that needs to be done to prove up the billion barrel discovery. Before any company buy's that up they will need much more detailed information on what is there and how much they will be able to get out before they splash their investors cash. That's why its very important that a JV is completed as it will speed the whole process up. If the COPL gets all its wells producing as indicated then that should be more than enough to get this share to 50p on its own. One more point, if ART himself owns as many shares as indicated he has a majority that the rest of us will not be able to vote over. He will not take 50p.

Bolton not quite the biggest discovery on land in 30 years, PANR up in Alaska have discovered over 17.5 billion barrels in the ground in the last two years. However, COPL discovery is a very nice one that still has the potential to make lots of money for people, if they have the patience to see it through.

Jacknose there are sadly some extremely silly people invested who have literally know idea how much this company is worth. If they bothered to do any investigating they would find the upside here is huge. Take just 10% recoverable oil eg 100m barrels bought in the ground at $5 per barrel makes this share worth £1.80 pence and that's before the current producing oil wells and the infrastructure is taken into account. Normal recovery factor is 20%+ so that's £3.60 per share and that's giving it away at $5 a barrel. Yet people here would happily vote through a 50p takeover, unbelievable

Stas are you nuts, 1 Billion barrel find, say they can only get out 30% of it out 300 million barrels. Bought in the ground for $5 a barrel that 1.5 billion divided by number of shares and you are looking at £5 a share, then there is the currently producing oil field and infrastructure worth many more millions and you would except 50 pence for your shares. Nuts.

Well something must be up because we have jumped up by 8% today. Somebody knows something!

10.30 Moaning about Arts inaction would be fine if he was in control of events. Trouble is he is not in control, whoever, the potential JV partner is they are the one in total control of all timings and the eventual decision of yes or no. Art can push but it is not his call.

I seriously don't understand how you can trust DW after the last drilling results and his dodgy videos. But it really looks like he has been stringing everybody along for the last year as well. Don't trust a word he says.

Great questions Scenicview hopefully some of our experts will be able to come up with some answers for you.

Alberta why say that, we need everybody who has shares to hold on. It's okay to be frustrated and peed off, who knows at what stage Mano got in. We need to support each other and hang on in there, better that Mano expresses his frustration here than sells up. Let's face it we are all frustrated with ART who seems incapable of learning to not set deadlines and then constantly fail to match them.

It's very difficult times with this share. The potential here is huge, but we have a CEO who has consistently let us down and is basically not trusted by the market. I guess in the next month or so we will find out what the score is, ART for all his foibles is trying to do a deal at a time when the Biden administration is against oil despite the need for it. Banks have been told not to fund new oil but are then told they need to help out. It's a real mess whilst the senile old twit is in charge. I have no doubt in this situation a major oil company is doing it's very best to take advantage of COPL in major way. If we get a deal done, I suspect we will be disappointed but, in the end, we cannot do this on our own. There are still not that many shares on issue compared to some and we may need to go it alone for a while yet, yes more shares and dilution but eventually we will get there for a very good profit so hang in there.

Anybody thinking of jumping on board this share needs to look back to the last attempt by DW to find Helium. I would not trust him at all after all the shenanigans he pulled. Be very very careful.