Member Info for SeaHawk

If you believe them, then you should not have bought. You should not be at a loss at the moment so sell up. Its always your call.

Aim is effectively a casino, where its main use is to raise funds for small companies. Shares react on Aim to the most silly things and there is no sure fire winner. If you are extremely lucky you can multi bag but far more likely to multi bag the wrong way. I use Aim to keep me busy in retirement and it can certainly be exciting but after five years I would say never, ever invest in Aim what you cannot afford to lose, because that's what a majority of people do, eg lose money. Some CEOs of these companies are straight forward lying crooks, who seem to operate with impunity, they make a ton of money from PI and then disappear for a while and then pop up in another rubbish company. Good luck.

Another idiot !

Sapphal lucky for you there is no mining involved. You get helium buy drilling holes in the ground so almost no environmental damage.

I am not sure you understand how investing works. If I was you I would pull the plug and put what you have somewhere safe until at the very least you learn how this works. Otherwise you are going to lose the lot real quick.

Canaccord just upped their target price for PANR to £1.76. And that’s on just what has been announced so far, we have more to come. Looking very good.

The potential here is absolutely huge, only that we are getting beyond potential and are getting close to a nailed on cert. we are not talking a couple of hundred million barrels this company has several billion barrels and yet more to come. Combined with right next to the road and pipeline ( much reduced cost of getting it to market) this really is something special. Add in this if Alaskan land and not federal which means Biden cannot touch it is a great investment. All in my opinion of course.

Considering the small number of shares in play and the share value I think I might prefer a placing to a farm out as it would mean us keeping 100% of the oil.

Glib if it’s 3/4 days then great but the fact is they are well behind where they should have been. 1 month in and only half way what are they digging this hole with a shovel.

Now we know why the silence. I would like to know when it happened, either they did not tell us when it happed or they were well behind schedule which should have been notified. This could be a rocky day or week. Chance to pick up more shares if you have the balls.

Bit naughty of the company they well behind where they should be and this did not happen this weekend. If it did they should have notified us that they were way behind schedual.

You farm in and effectively buy half the oil for 20M. If it them proves to be non commercial you spent 20m not billions. If commercial you have first dibs at the rest of the oil, either way it only cost 20M.

I must admit he is a very good CEO compared to most. The oiler I have been in works in Alaska and despite many request the company could hardly be bothered to put together a couple of photographs over 3/4 months. Let alone show us videos of the rig and how it works. Well done DW he knows how to maintain interest while we wait.

Hum I did not like that finish, lots of big chunky sells at the last moment, seen that before, there is always somebody in the know! Hopefully totally wrong and we continue to move on tomorrow with some good news coming soon.

Investment Banker my backside, you can barely write a sentence on a blog let alone a report. We are in the middle of a drill so of course we are going to get an RNS soon. There is absolutely no need for your ramping, either the gas is there and we are in the money or it is not in which case we will have to wait for the next drill.

Tiger you need to explain how you reach 5%, you cant just put that out there and say 'I wish I could'. Is that your view or somebody else's?

Jones you really do not have a clue. They need a partner to prove up this field, so there goes a minimum of 50% of the value. Then there is the tiny costs of getting the oil found to the main pipeline, infrastructure costs etc, this project is in the middle of nowhere. It will cost them in the region of $40 a barrel for that infrastructure. Please do some research, ramping the hell out of 88E will not help.

So its not insulting for rampers but it is for somebody trying to add some realism. Anyhow I have given an alternative option (Farm In) and I have given the reason why I think that is the better option for a big company. We will see soon because if they can only find a another small company to come on board, like the last one, then the big companies are not yet convinced by the data. As a small company that has yet to have a successful drill we really do need one of the big players come board who have the experience a knowhow.

Ddrag I have been up and down over the years more times that I like to remember. I have also seen all this takeover stuff before and hoped for it myself. I wish I had listened to the more experienced who explained in detail why the majors would not buy us up until we had proved up what was in the ground, how much might come out and that there was a decent profit to made. They were right.

I don't mind people expressing their hopes and wishes I just do not wish to see people suckered into thinking this company is ripe to get taken over. Not yet. This is all being driven by the good people of the USA and long may it continue but people need to be aware that the rampathon going on over there will stop at some stage and 88E will need to raise some cash this year. Lets hope one of the majors joins us and provides the expertise and cash to flow some oil. But that will in all likely hood cost us 40% of the oil in the ground.

Ford and Jock I have been in 88E since we had 5 billion shares in issue so 6 odd years. With those extra 6 billion shares and 5 holes in the ground in the oiliest place on earth the company has not manged to get any oil to the surface (always looks good afterwards). The 1.6 Billions of barrels of oil in Project Peregrine will require 4 or 5 holes in the ground to prove up to just a basic level and **E will have to prove that they can get it to flow and what they think they will be able to get out of the ground. Once that is done then you can think about somebody coming along and buying them out. If one of the bigger companies think Peregrine is looking good they will farm in at some stage and take a very cheep hunk of the patch. Current cost to farm in for 88E will be 40/50% of the project for 10/15 million dollars and that will be for one drill. So there is half of the oil gone already. Do some research instead of ramping like hell.