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Great find Jof, not seen that one before.

It says 'where the primary Nanushuk formation will be intersected'.

It doesn't say that is the only target as far as I can see?

Can only hope this is a big tree shake by the market in advance of possible good news and being able to profit from shares obtained cheaply. As a (very) LTH and eternal optimist that is my hope.

My fear is that FO talks are floundering for some reason, but I hope not.

Cmon DW, we need the black stuff!

'MMs are a mystery - looks to me like they're holding the price down,...'

Assuming that MM's deal with hundreds of different shares every day then I doubt any human action as they wouldn't have the resources to do that. I would suspect merely a computer program designed to alter the sp to continually attract trading (as that's is where the MM's make their revenues) - just my opinion so don't shoot me if I am wrong.

I agree Brombarb.

Whislt we all know that we have other projects, I do tend to feel now that Winx has to deliver otherwise whatever else happens with FO and HRZ etc, there will still be no oil at the surface and people will leave in droves.

RMP taking a bit of a hit as well.

As has been said before, serious new investors want to see oil on the surface not just the promise of it. We are not at that point yet.

Lets hope Monday starts the process of news releases and sp rises. The calm before the storm maybe?

Now 10M traded in first 90mins but no pickup in sp - games being played?

I can't believe these are all sells - why would you?

..actually watched paint dry?

Surely it can't be any slower than watching for the RNS to signal the start of the FO process.

It will come when it comes, I know that, but this waiting is soooo long!

Like Saudi needs to balance its books!

This is AIM and not everything is always as professional as it could be.

I think that any potential news would likely be proceeded by advance share buying as has been seen elsewhere on AIM. We are not seeing that as its quite an average day.

SeaHawk, I guess I should have said that IW1 showed us we have proven oil in at least one location.

I think that they rushed IW2 for many reasons. If oil had flowed we would not even be discussing it, but it didn't and to the outside it looked like a failure. I don't buy that and hope that with more expert advice it can still turn out to be a major asset but no doubt it has kept the lid on the sp.

'I hope we can find the funds through our conventional FO to have another go ourselves'.

I agree SeaHawk, ideally we want to be sitting on proven oil and then let the major's come knocking to get it out of the ground to sell on - or buy the leases outright. We have that with IW1, and will hopefully soon with Winx, so the fracking project is too big to let it go for peanuts just because we made a mess of the first attempt (oh yes we did...).

If the conventional FO provides the money (after sensible budgeting for forthcoming expenses etc) then with the help from Baker Hughes I am all for giving it another go.

The problem for me is that 88E has enough projects to keep the suspense going for years yet if you let it.

Many 'trades' I have made previously have been the traditional buy cheap & sell on a rise type, but this share just encourages me to keep accumulating as other projects are announced and I have unwittingly become an investor.

So, if there is a rise of some sort I am faced with the questions of do I get out completely with a profit, top slice to hopefully then get a free carry after recovering my input, or simply sit tight and await the next development - not sure. But all that supposes an sp rise which at the moment looks as likely as hen's teeth.

Still, keep the faith and hope for the best.

I've only just been able to log onto the forum. If others have had the same issue that may be why it has been quiet.

(sorry if this has been posted before)

Edison has released a report on the biggest exploration wells of 2019 – that includes the Winx-1 well as top prospect in 2019 (source 88 Energy facebook page). A lot of eyes on this drill ....

https://www.edisoninvestmentresearch.com/…

That would be a real nice birthday present for all of us!

(Corbie) Been in since first spud and still hanging :)

I've been in since the last TPET disaster and still hanging. Nurse, I need help!!

Feels like a tree shake to me, and would make sense for the MM's to hoover up easy shares if folks are not watching their stop targets. Don't like this as it seems underhand, but it is usually done in advance of expected news.

If only we had proven oil as well, now that would elevate our status in the region.