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Seen it many times while invested here. perhaps it should be seen as a sign that MM's want to stock up pending a much higher demand when full data is released?

Sorry if this has already been posted.

https://microcapdaily.com/88-energy-ltd-otcmkts-eeenf-powerful-breakout-as-oil-operator-drills-the-merlin-1-in-alaskas-north-slope-oilfields/132458/

Be nice to see Oil Search and Conoco in a bidding war for 88E to get control of the larger area - now that would influence the share price just a little...!

Agree Brom, pretty much everything showing red at the moment. The US may spark some interest later.

If a favourable RNS is scheduled for tomorrow morning down under, then expect some price movement later this afternoon on LSE as there are always people in the know before we are told...

As a (very) LTH I was certainly disappointed to see us, once again, drilling with apparently little to show for it. Yes the samples taken may provide better evidence of oil quality and perhaps quantity, but of course we were all hoping for oil to flow. So the rig is being sent away while we face another long summer awaiting the arrival of cold weather again much later in the year, and the chance that we may once again have a go at finding the black stuff.

However, I just wonder, with DW departing whether a decision was made by the company (new investors more likely) that come what may a buyout would be attempted in order that some capital can be retrieved from all the tranches of investment, or perhaps a partial sell to allow 88E to move to the Yukon Gold lease and try there. It certainly seems that the new investors had something in mind when they decided to get on board, and that would have to have been more than a vague 'maybe this time' prospect of a discovery.

Somehow I cannot see the new board just sitting back for the next 6 months and waiting for the ice to return. So I am holding (albeit a much smaller position tan before) for now based on a free carry hoping for an offer to come in, and then with a greater hope that a bidding war starts as Biden has curtailed any major from taking new leases so this could be the only way to expand their business in Alaska.

Time will tell but whatever happens I don't intend to be here next winter, even if the company still is, so good luck to everyone and I hope whatever decisions you make are the right ones for you.

I sold most of mine into the big rise last week, but retained a holding hoping for a good result.

I actually don't view the RNS as all bad, in fact it may well be enough to tempt a buyer so I bought some more at 1p this morning. Even a few hours in I am up so happy to hold to see what the future brings.

I will be holding what I have left, and topping up a bit on open or whenever I feel the lowest price is on offer. Roll on next winter, or an approach from a major oiler who sees positivity in the results.

Take it away fella's

'There'll be profit taking all the way up'

Agree. I have been gently selling into the rise from last week. Yes, I may miss out on even more profit if all the stars align and it takes off, but having been in this stock for many (MANY!) years the chance to exit at a profit on each tranch I sell is too good to miss. Still holding some in case, but overall position is now lower than it was when it was millions, and I can sleep easier!

Just a basic question, and please don't shoot me down if I have missed the obvious, but why release that info now?

Is there a mandatory requirement to keep us informed on LWD updates as I can't remember this in the past? I may be wrong on that. I'm a little confused as to why they didn't wait a few more days to confirm what they had in place?

'....so have sold another chunk of 88e'.

I did the same yesterday at 1.67p, and glad I did looking at today's price. Have already put some of it into PANR and may do more as this seems to be showing more promise.

Small purchase in PANR this morning given their RNS.

Can't help feeling that our two companies are not only drilling side by side but (if successful) could perhaps become an attractive package for a major now that Biden is not allowing new leases. Just my own view of course....

ELKO INTERNATIONAL LLC was registered at Alaska on 02 Jun 2000 as a limited liability company. There is one official in this entity. The agent name of this entity is: Erik Opstad.

If he doesn't know something, nobody does!

'.. since 2015..'

Luxury! Jan 2013 for me and still a believer (although I did take the recent opportunity to offload a fair bit and take my profit early). Still have a decent holding awaiting news of the black stuff, or Reddit pressure on the sp that would be hard to ignore again.

You and me both youngba. Small world.

Well done Brom, this was unique opportunity for LTH to top slice and get back to a healthier position in their portfolio.

I am well satisfied when I look at my ISA this morning, didn't think I would see that unless the oil flowed. It still may do and allow me to be rewarded a second time, but easier to sleep nights knowing I don't have so much invested. A goodly portiion now going into SMT!

Sold all but 1M @1.75p - as my average was 1p I am a happy bunny and still enough invested to benefit from an oil discovery in due course.

Wanted to hold, but after 7+ years the lure of profit proved too much.

'Wonder how many longtermers have their fingers hovering on the sell button?'

Hand in air!!

Is anyone adding a stop loss to follow the trend upwards so that, in the event that the Reddit crowd flee, they will have a degree of protection on the way down?