Member Info for taximan57

Older, not serious but trying to stir the hornets nest of PANR infiltrators. I appreciate that PANR are in a better position regarding the updip, however financially they are in just as much bother as 88E. They both have enough capital to see them to year end and maybe a bit beyond but unless things improve for both it wont matter what end of the pool you are in, you will still drown without a life boat coming to the rescue.

I still have hope for 88E with interest in Leonis and great potential in Namibia, and I still think Longhorn will come good and give some income. A realist I am, I don't have cash invested that I need, so simply hopeful and more so after watching the latest video. PANR I just don't see where the boat can launch to help them. Good to hear from you again.

Grumpy, not worried about finding, after the analysis it will have been found and counted, and it will be passed on to big brother, I just hope he has deep pockets.

Rabito, apology accepted, we can't be right all of the time. I'm not sure why you consider being called a figurehead an insult as I put JC right up there, I just don't trust his team.

But again you are wrong, you really need to pay attention, 88E have interested parties in Leonis not Phoenix and that would be plural, not quite the same for PANR who are riding at the high end of a deep pool. If I was emptying a pool I would rather have the pump at the deep end than the shallow as it pumps more liquid. I guess when PANR have sucked out their few feet of oil the rest will belong to 88E, and PANR will be high and dry ;)

Just to clarify, my replies were initially to 888 (ironic) who is suggesting that 88E would have to delist, with my suggesting that PANR were actually in a worse situation than 88E.

Rabito, wrong again, please read the post you referred to regarding JC as he was never mentioned as a financial guy.

As for being in a similar position financially to 88E you have no income, serious debt, dilution the only option to continue, no partners of interest in JV, plan of action you say regarding finance but no facts.

If you can only keep repeating errors and lies just return to PANR board where I'm sure you will be welcomed and fit in perfectly.

I expect 25 will be the new low next week, but as long as you are happy ;)

Monty, sounds very similar to PANR predicament, except 88E are fully funded for this year including Texas improvements and Namibia commitments 2024.

PANR have no income, laden with debt, no JV partner, no plan of action, hit 27 last week and will continue to drop next week until the dilution is voted on imo.

My mistake Galicia, when I see someone talking down about 88E I assume they are not holders as it wouldn't make sense otherwise.

I am sure that you are also aware that 88E does not cover the full cost of work at Longhorn so your $1-2M equates much lower. Finance is in place for expansion this year ($5m) in Texas, and the company have stated that they are fully funded for more than a year.

Their contribution in Namibia is fully paid in share dilution this year and any further payments creates a larger % of ownership for 88E. Total payments expected at $18.5M which gives the company 45% ownership and a large part of that has been paid to date. All of that investment and still 88E has no debt, compared to PANR who are standing still in deep water with a hole in their wallet.

Both companies will no doubt have to dilute again in the future and I would rather be with the company with no debt and great potential across the globe than a one trick pony stuck in the ice. (the water is getting colder)

Many potential partners to share the burden in Alaska for 88E Leonis and 1B+ barrels in the ground at various targets, not including the multi B expected in Namibia, of which 88E will be the largest shareholder, or the 1M+ barrels in Texas.

And thank you for the lecture as I really thought 88E was akin to Conoco Phillips, although not listed on AIM ;)

Rabito, just to add to your dilemma, PANR down to 27 today, what is going on? I thought all you 88E derampers were on to something special, or at least that's what you keep telling this board.

Shame they don't have enough money to continue or pay their debt without further dilution. Or is that factually incorrect Rabito? I'm guessing the dilution will be huge this time round ;)

You may be right Rabito, regarding my posting more about PANR but factually incorrect I cannot agree.

As for JC, if you read it again you will find that I referred JC to be a figurehead and rightly so. The other two were the car salesman and a financial guy so if you are going to make poor comment at least get it right.

I did stupidly add a link to 888 and I also explained that the link was emailed to me by the company hence not fully my fault, however I should have paid more attention.

27 earlier, I might not even enter at 20 as it's a sinking ship. No funds and no plan for PANR.

I remember Scot saying to dump 88E and go over to PANR, you were so wrong Scot, especially as you are an ex professional ;)

Galicia, your time would be better spent on a share that you own like PANR. How are they going to survive a massive dilution, who is going to partner them in a JV if they are heavy laden in debt, and where is the capital that was promised to keep the company afloat? The last interview I watched was held by a figurehead, JC, a used car salesman, and a financial guy, who even just looking at him I wouldn't trust, who has ambition but promises beyond his capabilities. imo

When Longhorn has it's new wells in place this year it will be self financing and able to cover leases and exploration costs.

Galacia, wrong again, 88E has income to cover any debt they may accrue, depending on oil price as much as $6M pa from Texas.

I know we have all been here before, and it seemed different this time with more positivity, but surely they can't be lying through their teeth on a video? Let's hope it's all true, there are possibilities of 1500bopd, people interested in a JV, great potential in Namibia.

On another point, my entry for PANR was going to be 25 but they dropped quickly to 28 so now assessing with a new target of 20. What is happening next door? Debt and no plan to save PANR.

BB, I think there is still hope in 2024. We have the analysis coming 2H, the Namibia interpretation starting in June, the new wells in Texas by year end, multiple interested parties in Leonis with Phoenix there for the ones who didn't make it.

Let's get the results of the reservoirs before we give up on 2024. It could lead to 3 discoveries registered at least.

I see PANR are now below 30 as predicted. The rot has set in and no plan to cut it out. If it reaches 25 I may consider.

It was the biggest against vote at nearly 25% so maybe they will sit up and notice.

Ayecuramba I just noticed you corrected me earlier, sorry about that.

My mistake, although investormeetcompany sent me the link, it is 888 Holdings

The last interview by PANR was on this so maybe they have been advised.

Ayecuramba, I registered and was sent the email. I also placed 3 questions so hopefully I get access when it happens.

Https://www.investormeetcompany.com/upcoming-meetings