Member Info for taximan57

Fact check for Scot - 'because the company, its directors and shareholders no longer wish to commit scarce capital on Alaska because the focus is now elsewhere'. Would you like to show any proof of this statement?

Fact check for Scot - 'by adding circa 70m shares [US$27m divided by (PANR SP minus 10%)] which replaces debt with equity'. So you agree with me that dilution is on it's way?

The dilution suggested by Scot covers the immediate debt but where is the equity coming from for PANR to continue in business? More dilution is on it's way I believe.

Fact check BY Scot - 'Yes, 88E has income. However, and as described many times, the dividends from Longhorn do not yet cover G&A and lease fees never mind contribute a penny to exploration activities'. 88E received just under $1M from Longhorn and by end of year expect it to be much much more with the drilling of two new wells and existing wells improvement plan. 88E is fully funded for at least a year and with $5M drawdown facility in place for Longhorn.

As for takeover, would you buy a painting from an up and coming artist who has great potential and diversity, or from an artist who can only paint in one style and who's painting is also partly owned by another?

'2 x massive new commercial oil discoveries'. (I put it to you) that 88E BOD consider that they have 3 massive oil discoveries which they consider commercial else why look for a JV or partner?

Redirons, wouldn't it be ironic if someone actually listened to LKhan and sold. Saved them pot of money ;)

Munnie, not sure where you got the 'unsure' from, always been a LTH of 88E and still see them as the best buy for a takeover.

I do admit to looking at PANR and will consider after the dilution coming and the funds to cover the debt have been shown to us all. They are playing it close to their chest so what is it PANR are hiding?

Scot, you are more and more sounding like a failed Oxford debating society member.

As for 88E or PANR investment, all day long 88E but it would be a takeover not just a lease. 88E has potential elsewhere, PANR don't. A company that has diversification and income or a one trick pony with debt?

'I put it to you', sounds stupid and out of context right?

Or have twice as many shares with a slightly higher average ;)

Have to agree with this one Older, if they are selling held stock they must be making a loss.

Hopefully from a partner Polly.

Scot firstly the last paragraph as nothing to do with me. Secondly I have never mentioned your mental health, in fact I already stated that earlier which you ignored.

Naïve I may be but I always said I would not invest on the strength of what anyone said on this board. That does not excuse people from deramping/ramping and I called out both sides.

No apology for anything I have said, especially to you as you stepped over the line more than once by telling people to sell 88E and buy PANR. Shame on you not me.

I think you are proud of your achievements, and you still rabbit on about the cost of a barrel, which has been your main gripe for some time. You are on another company's board telling them they are wrong to believe anything they read from the company as it cannot be right as you have decided through deduction, science, empirical data, fundamentals, systems, calculations, in fact anything at all that you could use to convince yourself that you must be right and the company are feeding inaccurate data.

You always refer to 'us' to give yourself some kind of legitimacy but in reality it is your thoughts, your agenda that causes people to complain about your posts. Others have mentioned your mental health, me I just think you are manipulative in trying to favour one company over another.

Nobody needs saving, I invest money that I don't need in the hope of one day making a profit. I don't need your opinion to help me.

I am not sure why you mentioned Older as I don't recall ever being rude to him, in fact he has educated/corrected me on many occasions and I always thanked him, as I have with a few on this board which may also include you.

I do have humility, I often point out my lack of knowledge in this field. and I do consider myself a good person mainly and I readily admit to being out of my depth with regards to the oil industry and not doing enough analysis before investing. I have always taken full responsibility for my investments, but I have never experienced or witnessed the amount of abuse, on this board, before, just because I invested in one company and not another. That is down to you and your kind. Nobody believes you are here to help out of the kindness of your heart.

I have learned much, mainly from Older in relation to the oil industry, but I have also learned the dark side of boards and the abuse that some have to put up with just because they don't fit with your agenda.

Older, makes more sense ;)

Older, I agree 'Information and informed opinion is not your enemy' but surely 'malicious intent' is? Especially as the average person may not recognise malicious from a poster, but should not expect it from the company. I have to say that mainly I take your content seriously but others have crossed the line too many times, one in particular.

As for averaging I did admit to buying more at 0.24p which brought me down slightly to 0.69p but thinking 0.24p was a limit reached due to proving oil was there, then a second time, so not expecting it to drop even further.

If you look back I think you will find a comment from AG that he would only consider consolidation if it was in the best interest of the shareholder, I don't think it was their intention to have it on AGM business but was added later. Another point why did they change the AGM from the 2nd to the 13th?

'It may be better to sit here with less shares at a lower price, and weigh the options coldly', that I agree with now as I would not consider dealing at least until the consolidation is complete, if it is decided. And may decide no more regardless, but wont be selling in the near future as a partner for either lease would be a changer.

I still do not get the too many shares argument other than a better SP may attract better institutions to invest so consolidation should be considered, but to me 30M or 30B is not the reason why the SP is languishing. Illiquid is a good word and may be a further reason for consolidation, I don't disagree with doing it.

Older, I think we can all agree now that 88E will not be drilling again in Alaska without the support of a partner, and likely nowhere else, what we can't agree on is whether any of the news was a success or not. You and the market say no, LTHs say yes for obvious reasons, so why are you still beating a dead horse? I think you and others have succeeded in informing us all that 88E is not a commercial oil developer so please leave us with a little hope.

Derampers, you must be very proud of your achievement, we LTHs have lost out yet again.

Onwards and upwards with my other companies, I hope.

Scot, HSG was referring to the lawful side of AG regards his interpretation or promoting of success, nothing to do with whether he was a shareholder as why indeed would he listen to someone who wasn't?

It's getting old this argument, and almost as boring as the price of a barrel on one side of the fence or the other.

You read right Rayon, but the interested parties are only confirmed with Ieonis at the moment

Thanks again Older, why does the BOD and management come under this category?

Thanks Older, I can never understand the nature of sophisticated investors and why they don't just have an open raise.

A successful raise in hours so some must appreciate that the company still have something to offer, and they were getting a bargain. I think that quick a raise should be a positive.

Are you so sure that they were able Scot?

I thought the raise was limited to sophisticated investors so would exclude BOD, staff and public? Can someone clarify just to stop this constant about BOD not participating please.

Not limited to this raise either as I see the Mel final payment will be in shares and the managers of the placement will be paid in shares. Nice to have your own bank print money whenever you need it :(

Brombarb, '88 Energy Limited (ASX:88E, AIM:88E, OTC:EEENF) (88 Energy or the Company) confirms that its

Annual General Meeting (AGM) will be held on Thursday, 2 May 2024'

Was there a reason for the change? That was posted on 1st March 2024

No horizontal until they find a partner with deep pockets Polly