Member Info for taximan57

Sure I read somewhere that the icewine leases were coming to their end date soon so makes sense to get rid to concentrate on potentials.

I wonder what JC is thinking now his shares are hitting 27 LTI? Do you think he is happy that he bought PANR?

I agree chrisev, nobody should invest what they can't afford to lose, especially not life savings, and especially not in AIM. I am happy to sit it out with a much higher avg than today's price but also not needed if it doesn't recover. Doesn't mean I wouldn't be happy to hear some good news from AG, that we can believe, and see 88E climb its way back up.

There are some on here that take pleasure in others losses and they must lead a very sad life.

LTI, why would you say that you have lots of experience at dropping your pants? And not enjoy it so why continue?

Poor Munnie, still on hear whilst PANR back to 28 and dropping quicker than Eddie the Eagle.

Analysis due 2H so happy to wait on real news for 88E not the PANR has-beens. When are they diluting Munnie?

LTI use some of the PANR oil next time you drop them, it's doing nothing else ;)

No pad to build, drill and test in the same year, and Ms of barrels of oil. What's not to like. Good find Brombarb.

As for AG and no shares, if he was to run the shares down to 12 or lower and then invest his own money knowing that news is soon to be released that could change the nature of 88E you would be calling him a criminal. You can't have it both ways.

Rabito, I know it's hard to believe, I had to check it myself, but predictably you chose your lowest point to strengthen your argument and I point out reality. In the last 6-12 months PANR were 41p highest and now touching the 20s again, that is a spiral downward. As for dilution, this is your only escape from delisting or takeover, and it has to be massive with a similar discount just to cover your debt and allow you to go forward. PANR are slowly but surely heading for dilution or ......

Poor Munnie, wrong again. I have never said 88E was going to the moon, in fact I have consistently said I am a LTH and have money invested that I don't need so happy to hold regardless. What I have said is that PANR will have an entry point of 25, which is now 20 as it continues to drop without a plan to pay its debt and no whisper of when the massive dilution will occur. I can see PANR failing before 88E due to 88E diversification.

And also poor erskine, who like many on here, does not have the patience to wait for the analysis. We know there is worthwhile oil there with at least one reservoir confirmed and two to follow before year end. Ms of barrels waiting, a bit like PANR, but 88E has no debt holding it back. PANR oil is just dirt in the ground unless someone is prepared to rescue our poor isolated debt ridden neighbour. erskine please remind me how many times have PANR diluted? And more to come very soon. 20p might be too much to enter as it hits 29 again on its spiral to oblivion.

Still deals to be made, just not with PANR. ConocoPhillips just bought Marathon Oil with an all share deal worth $Bs

Owls, I was thinking 25 was a good entry point but may lower it again ;) As the say in many a town 20 is plenty :)

Old news Rayvon, it was to start in June. It's the analysis of Phoenix we need with the confirmation of commercial reservoirs.

jaffas, i am impressed, with english being your second language i can still understand you being a ******. all you have to offer is jam, same old same old.

Erskine, there is certainly a mess and until the independent analysis is out there is no room for improvement, however even in Dallas (JR) they rewrite history. PANR are also in a pickle and need delboy to make a deal as nobody else is available ;(

Munnie, ask Scot how much the market values a 88E barrel of oil to a PANR barrel of oil, are you saying the market is always right? PANR hit 27 earlier and will hit 25 next week, down again today ;) But as long as you are happy :)

Poor dilutional Munnie, and again no surprise that you took 12 months as a comparison. But lets go 24 months and we see that PANR were 143p but now 30p, down 79% (not the +200%) and regardless of how many reports you have about Ms barrels of oil they are stuck in the ground as you can't afford to bring them up, and no partner interested in helping you (PANR).

As for 88E over 24 months, down 77% (about the same as PANR), waiting on analysis and reports confirming Ms of barrels at Phoenix, over 1B at Icewine West, multiple parties looking at Leonis, 2B barrels at Peregrine, 100M barrels at Umiat, multi B barrel potential in Namibia, 2M barrels at Longhorn with 50+ working wells by year end giving an income to 88E.

You are right, hardly worth comparing, but 88E sitting in the front seat with a clear view and PANR in the street trying to thumb a lift with no takers. PANR 25 a reasonable assumption, then 20 on dilution news.

Munnie, no surprise either that you are back spouting your hatred of 88E, just because PANR had a plus day yesterday. That was a glimmer of hope for you but it didn't last, so watch it now as it hits the oily slope to 25 then 20. No way can you survive without a major dilution at a crazy discount. Maybe you and erskine can team up and mow some lawns with all that oil you have, because nobody else wants it. Shame as they thought they were doing well and could find a JV partner.

Erskine, you would be better off worrying about your PANR, they are back on the slide to 25, and for you to say there is little oil is a bare faced lie and just confirms you as a non holder of 88E.

Post test analysis up to 2H 24 from

https://clients3.weblink.com.au/pdf/88E/02796243.pdf

page 13

What was the update regarding performance rights? Has he given himself 37M shares or disposed of 5M?

Brombarb, I think that Q2 was changed to H2.