Johnwick I beleive there’s quite a large ‘naked short’ and they will soon find themselves in the precarious position of exposure to a brutal short squeeze…tick tock can’t he long now - why do you think there has been so much false fud spread here day and night? Naked shorting is illegal in UK but it still happens and I suggest its an Oz fund who’s now playing with fire here! IMHO DYOR
They’ve just been through a cost cutting exercise and have now got a strong balance sheet on top of their seismic new oil discoveries ! If you are using the past as a reason not to invest in 88E and not their future after their transfomative game changer discoveries as an investing rational, then this alone simply proves your total lack of investment knowledge. But you were happy to invest in HE1 and their past failures and past poor numbers didn’t seem to bother you. Toffers has tried it all now slung enough ‘fud’ and none of it has stuck! Bless him. IMHO DYOR
Finish above 22 think we are good to go am with a big leg up as gap to fill much higher. All the news has been positive weve made amazing transofrmative progress and despite manipulative MM, endless bashers -some a paid Oz boiler room crew for a short fund position but 88e fighting back - stock platforms reporting it correctly that we are in a strong and positive position on Vox markets and Pro-active as well as stock pundits marking us a BUY! What do investors want a gold edged invitation lol? IMHO DYOR
88 Energy set for further growth after a strong Q1 https://www.voxmarkets.co.uk/articles/88-energy-set-for-further-growth-after-a-strong-q1-3ce5d95
https://x.com/proactive_uk/status/1780861843700916599?s=61&t=s6qx3KTQ6lp2E1JSCCVgAA
Admin re SCOT126 can you please remvoe this poster he is clogging up the board making it unusable with the same copy and paste misleading information on repeat day and night. Other users I suggest if you want rid of him you also report his last post - he’s done this too many times now! IMHO DYOR
Toffers you have been on here all day and not even invested! I’ve been out played a quick round, had a nice lunch and came back to see that you seem to have sniffed something dubious! Bless him close that spreadbet! Those chicken nuggets won’t buy themselves!
I strongly suggest you read ALL of the RNS’s the company has put out along with the investor presentation. Perhaps this time turn it up the right way! I think we are in for a more pleasant afternoon now that the boiler room Oz crew are snoozing and that people realise that theve been trolled into selling on fake fud! Buys coming on in expect minimum addition of another 15% to redress the unexpalined and highly manipulated drop! IMHO DYOR
Come back to check in here we are up 9.52% and still only at 23 and the wanton shorts are in panic mode. I with my multi million stock holding here am chilled and relaxed excited for what is to come share price wise and company wise. We are in gamechanger territory from explorer to big money producer! Naked shorts freezing their knackers off soon! IMHO DYOR
Toffers time to sit this one out your game isnt working you’ve thrown every insult and bit of mud sling you can find all false and none sticking! So if you have not bought yet at these 12 month lows after a deluge of GOOD GAMECHANGER NEWS for 88E then you must be a greedy fool or still be short! Jog on Toff so long!
I see the Oz nightshift have taken a break to get a few winks in they’ll be back soon enough! Those naked shorts out in the cold without cover are going to have their meat and two veg served up frozen soon! IMHO DYOR
The ‘ market’ is clearly being manipulated the tiny trades being ‘sold’ to play with it have been consistent. All noted. Pennies worth of stock being consitently sold for under the bid price etc reveal whats really going on here!
We have had in last two weeks
1ST COMMERCIAL OIL DISCOVERY- SP quite rightly in normal market conditions reacting to 45
Then pulled back with profit takers from previous lows out then SP began to be manipulated hovering average around 33/34 mark eventually over nearly 2 weeks
2nd COMMERCIAL OIL DISCOVERY announced opens at 33 v 35 then within 45 mins dragged down to 24 v 25 then back and forth worked down over next day to 20 v 22
Following day robust positive INVESTOR PRESENTATION but MM worked am to 19.50 (12 month low) would you believe then was ‘hovered’ all day between 20 v 21
Today a robust and very posituve COMPANY UPDATE with commercial overview of where company is at again played with to sit 20 v 22 currently with constant tiny penny trade sells.
WHY?
REASON
Tiny constant trades of pennies being sold below the bid price to effect it and any normal sized buys not seemingly affecting the price as its constantly on a swithcaroo. We’ve had a deluge of 24/7 negative stupid posters boiler room crew with their 4 barrel nonsense, lies about the company and BOD on repeat. All of this is noted and a reminder for the perpetrators here trying to tell us to sell up (the fund needs to close their short now) all documented. This is market abuse by ii shorters. Heres an extract eg of market abuse ref tiny penny trades!
From FCA Market Abuse rules
‘3) entering small orders into an electronic trading system, at prices which are higher than the previous bid or lower than the previous offer, in order to move the price of the qualifying investment, other than for legitimate reasons;‘
So how much longer do they believe they can get away with this and the MM involved? It may well be that they’ve got wind of investment coming in here at a much higher level and THIS is the reason for their panic and 24/7 attack here.for eg Naked shorting is outlawed in UK but I believe not in Oz ! Short squeeze on the horizon! IMHO DYOR
The LOI had until close of business Canadian time 17th so they won’t be uploaded until earliest this afternoon - I’m assuming this information will be public on number of LOI parties submitted doubt we will see names presuming that will be commercial sensitivity. Let’s see. Fingers firmly crossed for all! If we don’t get any public info then we could ask KSV directly as we as shareholders and can insist numbers of parties submitted LOI are revealed. IMHO DYOR GLA
17.5 million in bank at March 2024 and NO DEBT 20% flow test payments already made and rest not due until end of Q2 - what’s not to like!
So much happening here a transformative year so far for the company on all projects! Money coming in and robust plans to maximise shareholder value! This is the new 88E - new entrants right here and now are set to seriously multibag from these faux low! At some point soon the short squeeze will truly begin! IMHO DYOR
"In what has proven to be a pivotal quarter for 88 Energy and its shareholders, we achieved the successful flow of oil to surface, for the first time, from the previously untested USFS reservoir and also subsequent to quarter end from the shallower SMD-B reservoir, both at our Hickory-1 discovery well. This represents a tremendous achievement that adds immediate value to Project Phoenix and unlocks multiple pathways for future commercialisation.
With flow testing operations complete, we will now transition to post well analysis and are moving to secure further Contingent Resources at Project Phoenix.
We expect to commence a formal farm-out process for Project Phoenix following completion of the Hickory-1 post flow test analysis, with the aim of attracting a strategic partner for the next stage of development and commercialisation."
I particularly like this and therefore despite the short boiler room crew’s stupid misleading assertions - no raise needed! Funded and no debt! Bring on the bounce! IMHO DYOR
Corporate
· Cash balance of A$17.5 million and no debt (as at 31 March 2024), ~20% of Hickory-1 flow test payments have been made, with the remainder expected to be paid in Q2 2024.
· Net cash outflows in relation to operating expenses for Q1 2024 totalling A$0.77M as compared to A$1.44M in Q4 2023.
· Cost reduction initiatives commenced in the quarter targeting a reduction in salary and overhead costs. Further business optimisation activities underway, aimed at preserving and enhancing value for shareholders and advancement of key projects.’
Decided to look in here and bet that the only ones posting would be the 3 amigos Aussie boiler room paid poster crew on behalf of an Oz fund shorting and voila here they are writing essays galore! Desperate times for them require desperate measures! It’s actually quite funny we’re all relaxing living our lives and they’ve spent all evening here after spending all day well they both disappeared for a while I guess to get in a few hours kip zzzzz then 3 others took over and now here they are back again! You guys just make me want to buy even more! IMHO DYOR
Comedy gold 2 MM fighting it out hence the constant switcharoo all to get stock one powering it up and one intent in grabbing stock the bid price going up and down like the proverbial tarts knickers - entertaining but exposing who is doing the shorting cover dirty woke. All noted. 22 on the ask where the bid was 8am 22 v 24 and no reason for any of this pricing! I shall expect that an audit would want reasons MM good luck with that! Buy and hold and repeat don’t play the games play the players! IMHO DYOR
It’s coming soon… pounds not pence! IMHO DYOR
Toffers another comedian that’s one share for each barrel of oil we’ve found thenI! reckon you’re struggling now is this all you’ve got? Do better bashers at least be original zzzz just stick to Superdry Tof then! IMHO DYOR
they absolutely do exist and funded seen this many times and know this in all my years investing and trading it’s rife. as is naked shorting which is illegal in the uk but still happens!
heads up right now the mm are moving their fat ****s off our necks! bid now reaching the ask - patience pays so it’s last orders sub 22 on buy side get them in! i’m being offered premium bid price - no deal! imho dyor
Mr 1 post POWERED oh dear the old derampers getting hammered forced to open extra burner accounts lol powered by chicken nuggets! You had a POSITIVE announcement on Monday! Here’s an extract! IMHO DYOR
Highlights
· Dual reservoir success at Hickory-1 with second light oil discovery at the SMD-B reservoir.
· Peak flow rate of ~50 barrels of oil per day (bopd) of light oil (measuring approx. 39-degree API oil gravity, under nitrogen lift).
· The SMD-B reservoir showed little to no measurable associated gas flow (low Gas-oil-Ratio (GoR), which validates the pre-test analysis.
· Hickory-1 has now delivered two successful oil flows and three independent discoveries:
- SMD-B (today's result): with a peak flow rate of ~50 bopd of light oil (measuring approx. 39-degree API oil gravity, under nitrogen lift).
- Upper SFS (USFS) (previously announced on 2 April 2024): with a peak flow rate of over 70 bopd of light oil (measuring approx. 40-degree API oil gravity, under natural flow).
- Both flow rates result from low volume stimulations over small 20ft perforated intervals in vertical well.
- Previously announced Basin Floor Fan (BFF) Gross Best Estimate (2C) Contingent Resource of 250 Million Barrels of Oil Equivalent (MMBOE) (refer 88E ASX release dated 6 November 2023)
· Quality and deliverability of both SMD-B and USFS demonstrated via oil production to surface with the USFS reservoir producing under natural flow - positively differentiating Hickory-1 from results on adjacent acreage.
· It is anticipated that these reservoirs will be developed from long horizontal production wells which typically produce at multiples of between 6 to 12 times higher than vertical wells. Project Phoenix also benefits from the ability to produce concurrently from multiple reservoirs in a single development scenario.
· Well testing results from the current field season confirm long-held views of the producibility of multiple reservoirs at Project Pheonix.
· As such, the Hickory-1 flow test results can be rightly characterised as in-line with those observed from equivalent reservoirs on adjacent acreage. Importantly, the performance of the USFS reservoir exceeded expectations, with the well flowing naturally with increasing oil cut.
· The results from the Hickory-1 flow tests permits an independent Contingent Resource assessment for both the SFS and SMD reservoirs; expected to be complete during 2H 2024.
· Project Phoenix JV to conduct post-test studies for integration into existing models allowing refined development planning for all reservoirs; studies to commence 2H 2024.
· Commercialisation options to be advanced in parallel, including farm-out to a strategic development partner and/or early, capital-lite production, given proximate infrastructure advantages (Hickory-1 next to Dalton Highway and Trans-Alaskan Pipeline System (TAPS)).