Member Info for taximan57

:) now 6% :)

You are right MadEnglish, I apologise for going on about my interpretation of delays, no more :)

Ayccuramba, we could do this for the next couple of hours, its only 3% now, but I'm happy to fall flat on my face and be proved wrong if the result comes soon and its positive.

Feel like I'm flogging a dead horse, but if you look at previous news they were moving the rig weekend 17th Feb, didn't go until the following week, then they were starting the pre tests on 1st March for 4-5 days, then starting first Flow 10 days, then 2nd 10 days, which takes us to 15-16th for first result. If that is not behind schedule.....

Not going down this route again, some people just want to hear good news or make up noise to cover delays. I prefer to say what I see and that shows delay after delay.

End of.

Lets hope you are right Brombarb and the news comes out tomorrow or soon.

Tell that to Taximan sounds personal. But no biggie, life is too short.

DrMicho, I have only ever told it like it is. I hope it goes well, and I don't make things better or worse by stating what I see so no need for lectures from you or Ayecuramba. If you have an opinion lets hear it, no need to get personal.

Last RNS on website was 10th March, we are on day 10 from that update.

Already behind JR and subject to change

I've said all along that the flow test had been delayed/not started and sadly it looks like I was right. A simple update from 88E would have set all our minds at rest and maybe quietened the rampers/derampers.

I don't include you amongst them Musk, and there have been a few interesting posts from others so glad I came on.

LTH and hoping for the best

I wish they were Gemstar, it was all supposed to be completed by the end of March, both tests, but there was a delay moving the rig which may have caused issues with services, then there was the -50 cold spell. It didn't help that the releases never outright said the test had started, just that the pre tests had. It also said subject to change and that's when they should have told us why they delay had happened and a new target date.

Treble would be £15,000 surely?

Https://twitter.com/88EnergyLtd/status/1770299054943326212?t=7hfBYPKK81p0u1TMixFonw&s=19

Gemstar read the post from 88E

Not my ears Cat, you had to listen 6 times before you were convinced. And as Barno says there is no Flaring so at the moment that video was taken pre tests were in operation but no Flow test.

Gemstar, what was expected was the result of the first test not both, it's in the updates.

I have to agree I don't hear pumped, although the steam part of the video does confirm that it has started the pre tests.

Why cant they just say we have started the Flow test? They can't as they have not. I wish they had but difficult to believe they have.

If you check back to LinkedIn post you will find that they said stay tuned for results, and that was over two weeks ago. They are just words and not confirmation of a start.

If you check back DavidWK you will note that the company would update when they get the result of the First Flow test, the video suggests that it has not started, just the pre tests,

Not true Swify, although you wont be able to read this as you were never going to post here again. They started the pre tests on 10th not the Flow test. Keep up with the programme.

It does suggest that the Flow test has yet to begin, the first test, so no news for a couple of weeks as they said they would update after the first test. Forget those saying it started on 11th.

As much as I appreciate the work you have put in to come to your conclusions Scot126, are you honestly suggesting that a company who has 371.3mmbo and has successfully flow tested 2 reservoirs (as you assume), has potential in Namibia, has earnings coming from Longhorn, has further acreage in Alaska, and has no debt, is only worth £52m?

2 further rigs to be placed in Longhorn this year with $5m in place if needed which increases earnings, which again could be put towards increasing holdings in Namibia to 45%.

In a nutshell, hundreds of millions barrels of oil, great potential in Namibia, increased earnings in Texas, and a company (PANR) next door, who have already done the work, happy to share their knowledge. and further acreage in Alaska with even more 100s of MMBO potentially.

I also appreciate that you think PANR is undervalued, and you may be right, but it's definitely not like for like with 88E. IMO