Member Info for Stas20

Results have not been delayed, this is the current rhetoric that the de-rapmers wish to portray, they make a statement, agree with themselves then continue it hoping it becomes the standard belief.

The company clearly stated on the 2nd April "We will now proceed to undertake flow testing of the shallower SMD-B reservoir over the coming weeks. This is a zone which has previously been successfully tested on adjacent acreage to the north. We look forward to continuing to update shareholders on the progress of our Hickory-1 flow testing operations."

Additionally, the cavendish morning note, noted on the 2nd April that "well results expected in circa 10 days from 2nd April"

Thus just more attempts to spread negative lies, unless any of these so called helpers would like to direct me to the corporate announcement on the delay,.......no thought not!

RBO, Bull, it seems you're leaning towards the negative, but let's consider the positives. Why label anyone with a positive outlook as a 'ramper'? After all, rampers are those who artificially hype up a stock without reason. In the case of 88e, there are valid reasons to be optimistic:

1. Despite recent attempts to discredit the stock, it's only natural for it to see an upward trend after such attacks.

2. The significant increase in percentage today by Panr, as anticipated, demonstrates the potential speed of movement in our shares. We're currently operating at just 19% of our all-time market cap, yet we're making substantial progress. This suggests that positive developments could have a monumental impact at this crucial stage.

3. With a major update on 88e's Alaskan exploration imminent, we're on the brink of a significant development.

Considering these factors, it's clear that there are multiple catalysts for a rise in 88e's value. The recent surge in Panr serves only as a timely reminder to 88e shareholders of the potential ahead.

Yep a 2 million buy followed by a > 6 million buy,

Well if you see the great rise today in PANR on the back of their RNS, imagine what might happen here if we show flowing oil next week, this could be huge. Actually with the road so close maybe we can just pump straight into the trucks, lol

Redbeard, do you have a short here, you seem to object to me placing facts here?

My post I placed that you seemed to object to,

"Looks like trade size is increasing, 2 back to back 3million buys @ .347 and .35 so buying now having an effect maybe."

Was indeed fact, and the 'buys now having an effect' seems to also have been proven as within minutes we jumped out of the range for a tick-up to 0.37 on the ask.

Honestly, I swear you people that like to come here and tell 88e shareholders how dire their stock is, when we have millions and millions in prospective resources, just flowed oil and are about to report on the SMD-B are just nasty. You really come across as those that like to watch others fail or get injured so that you gain an advantage, what nasty human beings you are when in reality there is more than enough to go round for all to enjoy, in-fact we should all be glad for each other, but you lot, well to be honest words fail me, but it seems to be the measure of people that exhibit extreme greed.

Looks like trade size is increasing, 2 back to back 3million buys @ .347 and .35 so buying now having an effect maybe.

Wow the sneakiness, thermal imaging, nice though.

A nice RNS for Panr holders today, congrats to them. Every increase whether it is here or our neighbours all has to be positive. Nice to see their price advancing, hopefully bides well for us to.

"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

Lol Brombarb, the Panr share price is now dropping, based on the panr shareholders than come here to deramp, that obviously means their investors will be coming across to 88e for the well testing.

Oh, forgot to take into account the potential 100 million additional shares that PANR may elect to issue in relation to the quarterly bonds.

Brombarb, yes apologies, that extract was taken from the Cavendish morning note from research tree 2nd April.

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

Bob I have put all my letters on here already, users here only need to search my posts.

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.