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TM - I've not been following this as much as I should have - am I missing something - "NO CONSOLIDATION THIS YEAR"?

GLA SR

Doze?

Get a top up ;-)

GLA SR

Are BUYS

"Based on the forecast activity schedule the Company is now funded for AT LEAST the next 12 months, with net proceeds of the Placement, together with the Company's existing cash reserves"

So basically saying, no more placings for 12 months - One sniff of a farm-out partner and this will fly.

GLA SR

FREE CASH FLOW POSITIVE

GLA SR

Shares in Issue 237.95m

Market Cap. £7.73m

Silly low Mcap - and only 237mm shares in issue

Jag Grewal, CEO, commented that: "I am delighted with our performance in 2024. We have delivered a very strong set of results while at the same time laying a solid foundation for the future in what is an increasingly important market of gut health diagnostics. We have strengthened both our operational performance and our organisation.

CNS (AIM: CNSL), the specialist medical diagnostics company focused on promoting a personalised and functional approach to health and nutrition, is pleased to announce an update on the Group's trading for the year ended 31 March 2024, ahead of the release of its audited final results in July 2024

Highlights:

· Revenue expected to be £9.8m (2023: £7.5m) representing 30% growth.

· Gross profit margin of c.62% (2023: 47%)

· Gross profit to exceed £6.0m (2023: £3.5m) representing c.70% growth.

· Adjusted EBITDA1 expected to be positive (2023: loss of £2.0m).

· Free cash flow positive (2023: negative) with a net cash balance of £5.4m (2023: £5.1m).

Huge flurry of buys at end of day in AUS

Interesting, very interesting!

Scot - you're not a politician are you?

Yes/no answers are quite acceptable to my post timed 1734hrs.

GLSR

That's all very well Scot, but what prompts your strong reaction today?

Did you find this mornings RNS negative?

Do you really think 88E are bust?

Can you see any positives?

TIA SR

Scot126 - why did you not inform us all of your thoughts yesterday, or the day before, what's prompted your sudden reaction today?

TIA SR

Let it go now please ;-)

GLA SR

What the chat would be on here if they had not flowed oil!

Anyhow, from the this mornings RNS ....

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Managing Director, Ashley Gilbert, commented on Project Phoenix:

"In what has proven to be a pivotal quarter for 88 Energy and its shareholders, we achieved the successful flow of oil to surface, for the first time, from the previously untested USFS reservoir and also subsequent to quarter end from the shallower SMD-B reservoir, both at our Hickory-1 discovery well. This represents a tremendous achievement that adds immediate value to Project Phoenix and unlocks multiple pathways for future commercialisation.

With flow testing operations complete, we will now transition to post well analysis and are moving to secure further Contingent Resources at Project Phoenix.

We expect to commence a formal farm-out process for Project Phoenix following completion of the Hickory-1 post flow test analysis, with the aim of attracting a strategic partner for the next stage of development and commercialisation."

It's time to release the beast ;-)

GLA SR

You beat me to it O

GL SR

In here today ;-)

GLA SR