focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
"With our neighbours previously flowing oil from the SMD-B, anticipation levels are high."
"We're awaiting results" they likely already know them - if you are the CEO you will be on top of this like a rash - I see this as positive, going to look silly otherwise putting this out now and not at the time.
"My only comment is that was a lot of hype with the Reddit crowd when it reached its peak valuation. Was it a realistic valuation or was it overhyped ?"
Hi Tony, well time I guess will tell with that one, if the flow testing on SMD-B goes well, we might well see a lot more hype, for sure that will put 88e in the best position its been in, thus I expect the SP should react appropriately.
Redbeard, you seem to be a little rattled what's up, cfd feeling a little tight, you might want to sit down a bit and chill might make you a little less angry and more approachable.
Adnauseum - any talk of bonds here and i'll be off..lol
Perki, its like a cheap rate MP that cannot argue his own manifesto, so tries hard to bash the oppositions.
I don't get these Panr shareholders, you would think it would be in everyone's interest to find the best in both panr and 88e, their assets are complimentary. If the millions and millions of potential reserves are to be considered there is more than enough to go round for everyone, thus why I say it's a case of green eye, otherwise why the bashers?
Quite simply the bashing can ONLY exist for one of two reasons, either as Sharebel says we have a lot of bitter shareholders with higher averages, or we have a few that like to play petty cfd's via IG or the like and they unfortunately took the wrong direction on their trade. Yes its oversold.
Sorry to have to repeat again, but it does not have too many shares, if it had less then the SP would be more, simples its all about the mkt cap
• Past Mkt Cap 2/03/2022 with 15,725,361,910 shares. The share price closed 2nd March at 2.79p giving a Market Cap of £438,737,597. A similar MKT Cap today with 25 billion shares in issue would equate to a 1.755p share price.
• Thus, trading at only 18% of past valuation, huge upside.
• Comparison to PANR shares (only because so many like to use the comparison and moan that 88e has too many shares, as if that’s an issue!)
o PANR current Mkt Cap of £324m from 944 million shares with share price of 34.35p
o 88e current Mkt Cap of £83m from 25 billion shares with share price of 0.33p
• Thus a 30:1 consolidation of 88e would give 833 million shares with a share price of 9.9p thus the 25 billion shares may look problematic now, however a consolidation would resolve the issue and indeed make comparison wise PANR look overvalued at almost 4 times the Mkt Cap of 88e without the moaning associated with share count. Do PANR have 4 times the assets value?
• 88e – No Debt
Currently trading far under past MKT Cap
• Past Mkt Cap 2/03/2022 with 15,725,361,910 shares. The share price closed 2nd March at 2.79p giving a Market Cap of £438,737,597. A similar MKT Cap today with 25 billion shares in issue would equate to a 1.755p share price.
• Thus, trading at only 18% of past valuation, huge upside.
• Comparison to PANR shares (only because so many like to use the comparison and moan that 88e has too many shares, as if that’s an issue!)
o PANR current Mkt Cap of £324m from 944 million shares with share price of 34.35p
o 88e current Mkt Cap of £83m from 25 billion shares with share price of 0.33p
• Thus a 30:1 consolidation of 88e would give 833 million shares with a share price of 9.9p thus the 25 billion shares may look problematic now, however a consolidation would resolve the issue and indeed make comparison wise PANR look overvalued at almost 4 times the Mkt Cap of 88e without the moaning associated with share count. Do PANR have 4 times the assets value?
• 88e – No Debt
• 88e – multiple projects in multiple locations
• Early-stage Namibia
• Some production in Texas with ability to expand.
• Recent flow of oil in Hickory-1
• Imminent potential rerating on SMD-B News
• Loads of de-rampers – surely good sign on AIM, lol
Which would be this Friday 12th April, so one could reasonably be expecting an update this time next week, unless particularly good news that they feel they want to shout about it beforehand.
2nd April
Flow Test Confirms Light Oil Discovery at Hickory-1 The Hickory-1 well has successfully flowed light oil (40 API) to surface from the Upper Slope Fan System (SFS) reservoir. The first of two planned tests at the Hickory-1 well flowed at a peak rate of 70bopd, in-line with the results achieved from the offset Pantheon Resources wells and our pre-test expectations. Significantly, this flow rate was achieved from a low volume frac over a small 20ft vertical interval, with horizontal development wells typically achieving rates 6-12x that of a vertical well. The result has proved the ability of the Upper SFS to produce moveable, good quality oil to surface under natural flow and is a positive step towards establishing commerciality. Operations have now commenced on the testing of the SMD-B reservoir, with results expected in c.10 days.
IBB_INVEST have you contacted i3 management and shared your views, did they agree?
My understanding is that i3 have been working at increasing Canadian exposure, they now have I believe some Canadian coverage and have reached over 10% so they will now take on Canadian reporting standards quarterly. I think this will increase over time Canadian take up of shares, however if you disagree best write to the company with your ideas. Maybe they didn't think of them.
Shaa, totally agree, I have no intention of slowing my support or action however, every bit helps. I have emailed over 140 companies and followed them up, I have no issue with this and I am continuing with my efforts here, however based on the 145 individual ticks of RBM's post, if everyone of those individuals took a little time out to send just one email, only one, that will have collectively doubled my effort. Wholeheartedly though I agree, like Bob Geldof might have said, just do it, just bloody do it, get out and help get us the money.
Wow just a quick look in and time to turnaround, never realised the level of envy here from people invested in Panr. Their unbelievable desire to put down one neighbour to favour another, its like a childish green eyed playground. This older bloke, well he may well be older but certainly not wiser, wisdom might have taught you to live and let live and not spent such effort on just trying to put down your fellow man. You do realise that no matter how much you achieve your aims, its not going to result in them then saying "oh he trashed the stock I was invested in, so I must now run out and buy stock in the one he likes", seems to me his older age has not provided the wisdom he likes to portray of himself.
See you on Monday, expect we may have an update from the company then.
This has today been sent all all 140 plus past recipients.
Dear Sir,
I hope this email finds you well. I wanted to take a moment to express my sincere thanks for the fantastic response we have received to our recent communication regarding Canadian Overseas Petroleum.
Here's a quick update:
Website Uptick: We've seen a significant increase in users accessing the COPL Media website. Your engagement is making a difference in spreading the word. If you haven’t visited yet, please do so at https://www.copl-media.com/.
Financial Opportunity: Don't miss out on the financial opportunity at hand:
• Reserve life of over 40 years with current oil production.
• 2P NPV at 10% DCF stands at $492 million, as of July 31, 2022.
• Cole Creek area discovery with over 993.5 million barrels of Original Oil in Place, independently verified by Ryder Scott and compliant with NI 51-101 regulatory standards.
• Recent infrastructure upgrades to our gas gathering system support enhanced oil production, with potential for considerable carbon capture in our miscible EOR project.
The data room is now open for access. Please contact Jason Knight, Managing Director. KSV Advisory Inc at jknight@ksvadvisory.com
Your swift action is crucial, so let's keep the momentum going and stand united against corporate misconduct. For confidentiality purpose, you are all blind copied. If you wish to confirm receipt of this email it would be appreciated.
Thank you once again for your support and commitment to ethical business practices.
Best regards,
Yes I read that and noted how once again the rich avoid jail time, they basically just buy their freedom with a fine.
It is so apparent that rules and laws were ONLY actually ever designed to keep the masses under control, those with wealth power and influence, well the rules do not apply to them, they are there for them.
Where might the SP go - on a on positive SMD-B, I'm going for an initial target of 0.822 - this will complete the right brim of a long term cup and handle formation (feb 2023), maybe a little retrace to then push on to 1.755p as being the last most recent Mkt Cap high.
on the 2nd March 2022, AFTER the 14th February placing, 88e had at the time in place 15,725,361,910 shares. The share price closed 2nd March at 2.79p giving a Market Cap of £438,737,597. A similar MKT Cap today with 25 billion shares in issue would equate to a 1.755p share price.
Now consider that in March 0f 2022, we were nowhere near as far along the exploratory phase as we are now, we have oil we have a neighbour that has proved up zones with producible oil and we are about to issue some more news within this month.
I think most people could consider that in terms of Market Cap we could at the very least MATCH the past, but we are in a better stage now than we were then. However, I expect many think we should be looking at having an improvement on the past, not just matching it.
If the 2.4p claim were to be achieved that would give a market cap of £600m, not a huge push from what we achieved in 2022, but heh these are just the facts, the math don't lie.
The math says its possible and in any case even just matching the past would mean a multiple of over 5 times todays SP, isn't that exciting enough!