Member Info for taximan57

Bought at 1.51 two weeks ago and sold today at 1.92p. I think that's nearly 30% so although I maybe sold a bit early I'm happy. Did I say hopefully you heard it here first?

Good luck to all still holding :)

I'm sure he is, but just for reference Copilot said Burgundy are going public on the LSE. It would be nice to have confirmation from the company.

'Odd that you only appear to answer questions which would tend to cast a positive light on 88E, isn't it?'

That is a bit rich coming from you who only finds negative topics when discussing 88E.

I guess you must be so proud of the SP performance of PANR if you can still compare barrel prices in a good light for PANR?

£1.10 or 14p doesn't seem to bother you Scot, you just keep pumping away, which is more than can be said for your precious PANR ;)

Some news for you to peruse Brombarb, new update on Phoenix. Disappointed to catch a spelling error on page 1 (professionalism of the management team) but the main message to me is an exit strategy now being banded.

So, not sure if Burgundy will be saviours with cash for dilution interest/buy out or a new face to come to the rescue with a cash deal to get this to commercialisation.

Up 25% on asx at this point is really the only good news coming from the latest update.

The fonts getting bigger, is that a reason to get excited? All old news unfortunately :(

Leonis is still a possibility of value, and although not reaching its full potential Longhorn is still earning, and 7.9m in the bank. (I guess aus not US$)

Not a great start Darth, but not money I need so happy to sit on it. This company at one point had great potential so I don't see why it can't rise again with new ideas and new products.

Not quite a new beginning for me here but managed to come back in at the highest point of the day, not a great start. I recall selling at 3.5p some time ago so coming in at 1.5p I shouldn't complain. I do see a lot of delusional posts here and may have to do some more homework but I am confident that management this time round will do me proud. I don't mind a raise now and again, after all it's what to expect until products are approved, and there is always the possibility of a new product just around the corner. Hopefully you heard it hear first ;)

Learning that is the only true thing you have said, well done. Everything else you have said previously was nonsense but then you are learning :(

Learningtoinvest, never earned a brass penny but Texas is earning, the mythical barrels of oil have been classified as 4 finds and counting, and as for a raise at 2 for 1 I think you are living in cloud cuckoo land not at the end of a rainbow :(

The usual punt of painting the worst picture and hope some people sell, I just don't understand why if you are a holder. Or maybe the 'we' you refer to is that other person you talk to every day in your head.

Any JV would bring in money, any deal with Burgundy would bring in money at a cost of % in Alaska, Longhorn has potential for up to $6m pa.

All debts are paid to date, great potential in Namibia, still great potential in Alaska subject to commercialisation, and they have money in the bank.

It is not all bad, and I get the concern about future raises but I also see a future for 88E if they can survive the next few yrs.

You called me a Troll, so I checked your history and it speaks for itself. You are trolling all over the place, and unless you are actually a holder in all of those companies you have a serious problem, but if you are an investor in them then you are not a troll but an idiot. Not quite an InvestAce :(

Must be psychic, 88E update on the reservoirs and its all good news. They now have 4 discoveries confirmed with larger than expected recoverable oil and gas.

Nobody cares what you think Scot, I think that should be obvious to you by now.

I watched, listened and stored what I needed, told no lies and shared my opinion.

I noticed also the Finance guy from previous was missing and that a new US CFO has been appointed, I did say I thought he was out of his depth. I also note that Bob is looking healthier than last time and JC still in touch with his enthusiasm :)

Not sure about good news but they certainly have a plan, subject to finance. I just hope they can survive until 2029 which is when PANR think they will be cash self sufficient.

I did note that there was possibly a disagreement regarding the 9 targets for drilling. The consensus would seem that 3 targets are reachable but as soon as Bob said that the other two jumped in pointing out that all targets are reachable. I guess the answer is one drill will reach the 3 (50% completed) and others would require further finance and new drills but are potentially reachable.

They also noted that they were in the best possible position for the best ever reservoirs, and that would put 88E in the same ballpark imo.

2029 a long way off so my thinking is 88E will not go down that path but concentrate on finding a partner, I'm just not sure it will be Burgundy :(

LTH of 88E InvestAce, so not sure of your being upset at my post. Whatever happens to PANR has a bearing on 88E imo.

Well finally managed to join the neighbours for under 15p :) Hoping for some good news at the presentation later.

Any good news may encourage 88E to post their latest reservoir news.

I'm sure they have already applied for approval on the actions stated Scot, set the ball rolling, for future partner whoever it may be. The users on this board are clever enough to check themselves without you feeling the need to correct posts. Especially as you are not a holder and your history with PANR has not been great so why should anyone listen to you? :(

88E drilling an exploration well and to build a modular processing unit, all positive, especially if they find a partner and/or Burgundy raises funds. So still showing some commitment to Alaska.

Thankfully it has been dropped for LA, an embarrassing moment for AUS, but also France for adding it.

Not sure you can call it a farmout if it's one of your own partners. I think it may be a sensible move to look for another out just in case Burgundy dont make the raise. Either way a positive for 88E.

Our German friend could also be right that Burgundy have insider information and can't let an opportunity slip by so trying very hard not just to pay outstanding but to take over as lead.

$350,000 to extend the deadline for Burgundy, a good payday. Also why alienate a partner who potentially is prepared to cover costs for a future horizontal well test at Phoenix? Burgundy are still aiming to raise enough capital to take control at Phoenix and cover their outstanding costs. On top of that 88E have 'plans to initiate a formal farmout process to attract a strategic partner for future drilling and development'.

So plans for a JV farmout just in case Burgundy don't make it, and a payday with the option still of receiving 50% of their holding at year end.

Further analysis on reservoirs due by Q3 end and contingent assessment Q4, no bad news and potential to come by year end.