The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Surely if punters are happy to trade at the current SP then that's just a market that works. Sorry but I just cannot see any manipulation whatsoever. That's quite a claim and would require some very strong evidence. Looks like a market waiting for news to me.
So far today there is 1 post on the PANR message board. 43 posts on this board and a significant proportion of those refer to PANR.
They are clearly going for the JV for Hickory. Shows confidence.
Well Toffers. it aint going bust in the next 12 months because they are raising 12 months working capital right now. So no they won't go bust and I think you will find that isnt what is in anyones best interests.
Nope, the latest well test results show that the asset is likely potentially commercial. This requires commercial engagement with prospective partners. But you can read so you know that.
Nobody can state that an AIM company will not need to raise further funds. However the essence of your posts are not factual but based open your inability to see further than your need for PANR to be a success and you see 88e as a threat (it isnt). Not very grown up or worth reading.
I just checked over at the PANR and counted 2 messages posted today. One of them mentions 88e. It seems that PANR investors are far far more interested in 88e.
I wish PANR investors the very best because I'm not a massive man child baby that needs to post negative stuff on a rival company message board.
The RNS clearly states what the 5m is for and it isnt just 'survey in Namibia'.
It does include funding for a farm out provider process and ongoing operational costs for 12 months.
Yes it is wise to get out if you feel that way. It is ultra high risk.
The vast majority of anyones portfolio should not be in AIM. It is the 'shot at nothing' to give it snooker analogy.
I saw the 'buy out burgundy' theory from Oilman Jim on X. The RNS would need to state clearly if the funds were to buy out Burgundy and it doesn't. However, the RNS does include the following with regard to Project Phoenix:
'· Project Phoenix, Alaska: Following the successful flow testing at the Hickory-1 discovery well, 88 Energy will be focused on:
o Completing post-well testing and analysis at Hickory-1;
o Securing a contingent resource for the SFS and SMD reservoirs;
o Commencing a formal farm-out process to attract a high-quality new partner to fund the next stage of appraisal and development; and
o Advance planning and design of a early stage production system.'
Note 'attract a high quality new partner'. Could be more here that would support Oilmans Jims view should a new partner want to remove any other party? But I doubt via this raise today.
Investment at this stage depends on whether you believe they are telling the truth about the latest flow test and how attractive they are to the industry.
When all of the flak on a message board is from tribal views from those weak enough to need to deramp a rival company..... well I consider those views not worth knowing.
Maybe those long term investors are not concerned with the short term SP movement and are prepared to wait this out and build positions in the event that progress is made towards commercial realisation.
Trust me when I say with regard to the day to day SP movement. It isnt us - it's you.
Frankly on AIM, just the prospect that punters have to wait for longer than a few months for the next news is enough to half the share price. It doesnt have much to do with what the prospects actually are. This investment is actually somewhat de risked after the latest well tests.
I find that my long division skills that I picked up a school are more than enough top cope with the high number of shares in issue.
99- Because they have an interest in getting a lower entry point. They are in fact very interested in trading 88e.
That's a rubbish analogy though. If you played well for the 10 mins I might give you another go next time. I also don't hear anyone using basketball as a good analogy for how well flow testing works. Needs to work both ways.
Better analogy is go turn your tap on and time how long it takes to fill a 1 litre bottle. Turn it off and record how long it took. Now go work out how many bottles you could fill in a day? That's a better analogy but far from perfect. You seem to think that it isnt allowed to use data and modelling to explain results. It absolutely is.
Taximan. Exactly. The flow testing over recent weeks has de risked this prospect. It is more investable now that it ever has been. Investors will have an eye on forward plans and funding arrangements. If they get a JV it's going to move the sp.
Ssccss. Nope. They have that over the 2 tests in the same well. Not interested in your assessment of what the flow rates mean. They have to extrapolate based on the data they have. Everyone does this and it's absolutely appropriate. I recognise the risk to investors for the next stage but as I say - it's de risked compared to before these well tests. That's an objective view because I don't have a short open and I don't have childish tribal allegiances to another company in the area.
The idea that you can't look forwards because you don't like what you see in the past is for the birds.
This opportunity looks better today than it did a few months ago - simple. If you don't believe they can get the c. 100 bpd from this single vertical well - that would provide the impetus to move forwards then that's your investment decision made for you. But I see that they have. So I can start to base my investment risk case on assumptions that they can do better with a horizontal well and then more wells.
Sscccss - they have been more than prepared to move on from failure previously. So it's nonsense to now suggest they are lying to keep shareholders happy. It is what it is. The RNS makes it clear that they have a commercial opportunity. This is different.
They changed a word:
'PEAK flow rate of ~50 barrels of oil per day'
the Monday RNS stated 'INSTANTANEOUS' flow rate of ~50 barrels of oil per day'.
Semantics? Well they thought it was worth changing. Still very much need an interview to provide confidence in the headline numbers.
Wow. It's amazing that anyone ever managed to drill and get oil out of Alaska ever!!! Sounds impossible!!!!
Except it isnt is it.
What do we think the cost of this appraisal well will be?