Member Info for taximan57

Erik Opstad still listed as GM for 88E on LinkedIn, maybe not updated but that was the latest as of today.

Scot, I thought those rights issues were for selected institutional investors? Not open to the public or directors? I'm sure at least one of them was restricted as I took up one of the raises last year. It may have been a different type as I'm sure I also had free shares along with the raise.

As for Ashley Gilbert and other directors not involved, we have no idea of their financial situation and I found it ludicrous that one of your select few suggested that management forego their wages for shares. I'm sure their bank would love shares instead of cash to pay for the mortgage etc. He also cashed in some of his superannuation in 2022-23 so he may have had a need for cash. It is not mandatory for staff to purchase shares.

Maybe it was the COO who released the RNSs that nearly sunk the ship

Scot, I have thanked you in the past and appreciated your advice, but today you sunk to a new low.

As for your assumption regarding restructuring and desperate for cash, all that disappears if they find a partner. And I believe it is the 1st June not the end when Namibia has to be paid, strengthening your argument.

You are doing your utmost just by asking the question, as that alone can put doubt in someone's mind, to put fear of failure in peoples thoughts. You have gone beyond the facade of helping others, nobody believes it, there is no reason for you to be on this board, I for one do not invest on comments from a chat room. I do respect Older for previous support and learning but again I would not buy or sell anything on something he said. I have not binned anyone as yet.

Just to clarify that it can happen, I have another oil share who recently made a deal with Chevron for a lease in Uruguay, today they received a request to buy in from Charlestown Energy. This was perfect timing as they had to place money they never had but CE have effectively gave them a loan until Chevron pay them $12.5M due. It can happen, and at a premium not a discount as CE will buy shares at 20% above today's price and will be a major shareholder with 8%. That kind of throws out your expectations of 88E dilution at a cost. And my company shares went up today on the strength of that by 10%.

The most shares they can release this year and after the agm is 15%. If they pass the request for a further 10% the max will be 25% without shareholders approval. If they want more dilution it will be put up at next years agm or a special gm called. Either way I'm not concerned as the company is sitting on the equivalent of a gold mine :)

Goldwater, I'm sure you realised that it was a gross total you estimated and that you were fully aware that costs had to be deducted. No need for anyone here to tell you basics but I guess there is always one.

Scot, still sounding desperate, and still banding on about your poor relation barrel price. Shame on you for coming onto another company board to try and get holders to 'swap' their investment to a company that its self is struggling to find partners and investment. I didn't listen to others who said you were a deramper but today you have shown your true colours. It's bad enough that you tell 88E holders that they should be selling but to wrap it up as useful helpful advice with the only reason being to save them money, is unbelievable. Shame on you. You say you don't lie but I doubt it very much, you are definitely in this for financial gain. Nobody believes you who is a holder here and unfortunately I include myself in that category.

Goldwater, you may be a bit extreme regarding barrel price but not in 2-3 years so you could be right, and that's just for the upper reservoir.

******s, an increase in oil price can only be helpful to any company in the oil industry. as for silly comments on here, you are a holder? why be here otherwise?

New sanctions on Iran can only help the oilers.

Went for a snooze, came back to a quiet board and a green light on sp, something I said? ;) Might have to sleep more often.

I'm with you Uscita, it's social enough on here without having to meet people face to face with drink in their hand. I would like to attend an AGM at least once. I have various other companies but I live too far from mainstream.

Uscita you in the picture? I'm afraid I live some distance from London.

I think Wall led a merry life at the expense of shareholders.

You are not listening Munnie, real money in the bank to cover 75% of the outstanding 80%, Burgundy pay the other 25%. Still change to cover Namibia due in June, and still receiving income from Texas.

Before my time Uscita ;)

RedBeardOil, we could go back and forth, but it was 6, they stopped the depth at Kuparuk to retain the integrity of the bore, they drilled BFF, and Upper SFS was not on the radar.

Uscita you may have been right when D Wall was in charge, but this is the first time 88E have raised oil to surface. Surely you can see that this is different from the past? Share price has taken a tanking thanks to lack of trust recently but I am hopeful that a corner will be turned very soon.

Exactly Rambo. Money in the bank to cover Phoenix debt, Namibia payment in June, and they income from Texas.

RedBeardOil, wrong again, it was 6 reservoirs and they only needed to test 1 as BFF, SFS and SMD B all tested and oil to surface by PANR.

RedBeardOil, not true, they owe 75% of that Aus17M so under Aus13M, enough in the bank to cover that and Namibia and a bottle to celebrate. Lets not forget also that the 20% paid included Burgundy's 25% so another US$725,000