Member Info for taximan57

I am the stock trader, navigating the labyrinthine depths of investment, fueled by hope and fueled by coin. Through market fluctuations and economic tides, I strive to unearth hidden treasures for those who dare to venture alongside me.

All good Older, it's only dellboy the dealer getting upset.

Good morning Caffrey, your top up may be fruitful today, ASX recovered all its losses and some with an hour to go. Good luck to you and all.

That would be you're Madjedi, if you are going to insult people do it right.

Thank you Older, no doubt someone will say get a room again or I'm blowing smoke up your backside, don't understand that one, but I do appreciate you pointing me in the right direction, holder or not I thank you for being here.

Madjedi, don't you think your contributions exacerbate the issue? And are you honestly saying that you will believe what someone says about the progress of the company on this board? If it is genuine information you seek this is the wrong forum, try the company website.

My understanding of this board is to here opinion, most of which I will listen to and if needed I will check, but then we have people like you who only post comments about other posters, nothing to progress company knowledge. We have to sift through all comments and just like this one it is wasting the time of genuine posters.

Get a room is not a great start :(

Madjedi, just been checking your posts, and for someone genuinely interested in 88E you have very little to say other than comment on other posts, and I rarely slate anyone. zzzzzzzzzz

Thanks Older, always happy to listen. I just did a search as per Scot to educate myself and this was an option for valuing.

As for real assets the only real asset is Texas, the others for both companies are still in the ground, and potential assets are in the eyes of the beholders. Probability of activities adding value are reliant on cash flow which neither have or dilution which none of us really want. I'm for a similar deal that Challenger Energy made with Chevron in Uruguay, a lump sum and hold on to a % for a share of future profits.

I have shares in CEG.

I was looking at relative valuation as opposed to comparative valuation which states the price to earnings ratio, p/e is a good benchmark, PANR is minus £251m, 88Energy is minus £12M, which was interesting as there is more than one way of assessing a company value.

Laptop education :)

I'm sorry Scot, I do not see the value in PANR just the same as I don't see the value in 88E Phoenix that you put. Both are speculative and worth nothing in actual value comparative or not. They both have speculative value but in reality without massive input they are both dead in the water.

As for Texas I stand by my calculations regardless of what you told Brombarb as even with % owned they have an income, and it is expected to increase by year end.

As for my lack of knowledge you are right I am not and never have been an oilman or trader. What I have learned is that I take your and others opinions at face value as most of what is said is hypothetical or guesswork. Especially regarding Phoenix as the results have not even been released, yet you continue to compare updip, downdip, dmax and call it science and empirical knowledge. It is still guesswork without the update when comparing.

You assume a successful flow test x 2 but you barely give value to potential, only comparing it to a market led value of a PANR barrel and against a yet unknown barrel figure for 88E. You will never be acceptant of market value until it meets your expectations and that is unrealistic.

My education improves with you and older etc posting but hard facts are hard to come by, wait on the results and don't just use science to value your SP.

I'm sure that you will have a negative opinion of the facts when the update finally gets here as you simply cannot let go of your bopd valuation regardless of market forces.

I am a LTH of 88E, I have no holding in PANR but may in the future along with other stocks.

Good evening Scot, and please give your wrist a rest, that's too much typing even for a holder ;)

I tried to catch up on all your posts and I have to say you rarely find a friend. I appreciate your arguments and I've said many times that it allows me to educate myself by questioning your points, however this time there are too many and it's getting on. I won't bullet point either as you so politely do as I really only have one argument against your empirical data, opinions, comparisons, financing, debt etc etc etc, and that would be that if you assume 88E assets to mainly be worthless and Phoenix to be just £58M then PANR has no real value, just debt and a highly prospective hole in the ground. Until there is commercial pumping and attachment to TAPS PANR are in the same position as 88E, waiting on the elusive Knight to come to the rescue. Both companies cannot continue without outside help or massive dilution and if I was to invest cash into either of these it would be the one with the greatest diversity and who has some income. Texas you valued at £6m but it is expected that by end of year it will be producing 600+bopd which even at a low estimate is over £8M per annum. More than enough to cover Namibia or pay debt interest if required.

You dismissed assets of 88E but in reality PANR is an expensive cash cow with no commercial flow to date.

I still wont bin you as many have Scot, as I do think you have knowledge worth sharing, you just do it in a manner that infuriates others. Lets wait on the 88E official results and maybe there will be an easier equation to make sense of.

Its also the 176th Grand National, 88 x 2, worth a stretch ;)

I knew that older and still put £ ;) And I believe the bond holder is also a major share holder, similar to 88E and MEL OIL AND GAS EXPLORATION (NAMIBIA) PTY LTD and LONESTAR I LLC our dilutionists (a new word). Nice to know they are supporting the company and not just selling off.

On the webinar it mentioned that they still owed £27m of an original £50m that they are still paying interest on.

Not aware of any photos showing a flame for 2nd test chrisev.

"Even if the outcome is poor the pure data is valuable as a model input, so we do not need to agree on whether it is poor or not". Older, I was just reiterating your stance previously that the figures were poor, well head pressure, flaring, and OG ratio, not your post, so I still think it is too early to call the results poor. But I agree that all data is good data.

I guess I was listening to two stories in my head regarding the wrong side of the river, so stand corrected, but the gas pipeline potential would be huge for both companies and my mentioning a jv regarding it was to strengthen the argument for the pipeline as having two companies so close to the Dalton highway and proposed route could sway the doubters. And lets not forget the opposition to the pipeline, the tree huggers and plant lovers, a show of strength would be needed against this almighty force who I believe are ready to go to court regarding this topic ;)

You may be right MMO, but over 4 x the avg volume and down 16% at this time from the homies trading can't be seen as good news.

Older, I'm not sure that we can agree yet that the results are poor as we only have a part of the story. If the model was based on PANR input I'm not sure that would be classed as a positive in your eyes.

Also I thought regarding increasing acreage that they had stopped due to being on the wrong side of a river, or was that relating to another target? They did say that coming down that side was too far regards pipeline but that it was still a viable target for later.

As for joint venture, I still think it is regarding the gas pipeline and not the oil as both companies need a market for what they call a liability, and a large one if your assumptions are right about ratio.

ASX way over volume and down 8% in the first hour, do they know something we don't?

He didn't deny and said it would be "premature" before 88E told shareholders the results. It does suggest that they would not turn their back if a request came. And certainly going forward they should be thinking about cost cutting (both companies) by sharing not just data. But MMO I agree neither party could afford a buy out of the other's lease.