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Seahawk.
I am in both PANR and 88E and it is my understanding that some of PANR oil findings infringes on 88E leases, so if this is the case then pipeline won't be an issue. I understand your point re Conoco and 88E too about the pipeline access point.
Have also attended early briefings with PB and DW in London and their hope is that it will be proven to be as big a find as Eagle Ford.
Just my two-penneth worth but hopefully both will be extremely fruitful for us all.
IMHO and GLA
Hi Scott,
Thats a fantastic font of information and am sure is much appreciated by all of us.
I now look forward to the upcoming results and rns's.
Cheers ????
Sorry, rising yesterday...
Blackadder,
I honestly haven't a clue as nicely riding then did a u-turn and has continued today.
Maybe a treeshake? I am like you, don't see any reason for the sudden drop unless the 'shorts' selling to bring the sp down...?
Paris,
You are obviously up to speed with things and life!
I have worked night shift for years but never made a basic error like that.
It's not rocket science to know world time zones.
Sorry, just no excuse to me for that post.
GLALTH
1945 Sat.
Have a good look at previous rns's, you will see what a corrupt and false 'company' ctea actually is.
I twice invested here when covid lochchain technology and was supposed to be part of the government app. They were supposed to be on the board that was to develop the app.
All rubbish in the end.
I just looked at this board from a previous interest so please all just be cautious. My average started at around 4, and came out at a slight loss, but got sucked in like other unfortunate mugs.
Just take care.
AIMHO
Courtesy of 'lderwiser' on hotcopper.
This may help the delay....
Originally posted by roy_boy71 ?
The Center for Biological Diversity have identified current breaches in the BLMs approvals of the Peregrine Exploration plan.
They are going to sue over 2 specific breaches, violations of Sections 7 and 9 of the Endangered Species Act Related to 88 Energy’s Peregrine Exploration Program.
The 60 day notice period is designed to give the party being sued, an opportunity to correct the problem before it enters court.
Center for Biological Diversity are proposing the drill permit should not be issued and work be suspended as a remedy, in which case the suit would not be required.
I think this case has some potential to be a problem, and is targeting actions that have already occurred. So in their view current failings/illegal actions
The Center for Biological Diversity is one of the responsible parties for the successful stalling of the Conoco/Willow oil field development, so I do not take them lightly.
Willow was considered to be pretty much at the rubber stamp stage until this party turned up and had the existing approval by the BLM vacated by order of a federal judge
https://www.biologicaldiversity.org...22-NOI-BLM-Peregrine-Exploratory-Drilling.pdf
GLA
10:34 I also missed the 1st and agree with you re organisation requirements. Made the 2nd & 3rd meetings though.
Started off with beers then G&T's later.
Our paths must have crossed/chatted and am still as positive as ever.
Yes, Happy Days .....
Quick one for you brom.
Did you attend the globe on a couple of occasions and drink G & T with on old retired guy?
FYI- my top-up this morning was shown as a sell as got in under 1.7.
And I have been here since PB and the globe days.
Ain't seen much of Aberdeen man and his sidekick but could be under another alias.
So shouldn't there have been an rns?
14:44
I don't often post and been here since PB days and just wish he was still at the helm(bless him).
I agree entirely re fund raise/placing and as per RNS we are funded. We have had a couple of bad and unlucky drills and results but still very positive with 88E.
We may drift (sp) a little lower towards end of year but still focussed on this season and positive results in 2022.
Still not sure if we will do this alone and if not it will heavily depend on FO - part of the risk, but so is life.
Good look all LTH.
Onwards and upwards.....
20.06
Agree. Where are the Harvard results that PB used to rely on and support 88E?
When were they last contacted for clarification of results/findings?
All baloney with DW, cronies and 88E.
It's just us PI's like idiots keep funding their pay!
I was a mad fool like most, but now am out and can sleep at night, and not thanks to DW!!!
Gone are the days when I used to wake up looking at hotcopper for rns, and it's funny how they get the ram's before us UK idiots. Insider info or bias?.Chose what you want because this shared will never impact my life again!!
Thanks DW, and bless PB.....
Sorry, should be Sha ??
She,
I agree with you you 100 percent.
Good on you....
Here is the substantiated information below. Please reinstate my posts please!
1. Bonuses to be paid after the company announces "they did a lot of hard work" read page 19 Annual Report which presents the bonuses paid in 2018 of $79500 and 2019 of $115000 so going off previous years of both FO's one could substantiate that another bonus would be paid imo with this FO as company again stated they worked so hard!! Fact imo!!!
2. I never drilled in wrong location the company has stated this multiple times from 2016 to 2020 please read the drilling reports or do I have to post them all on here, been commented on here daily for years. Company has stated numerous times from 2 HRZ failures, Winx and recently Charlie. Company even said it was PO fault for location. All fact imo!!. Plus all these actions, coupled with some mistakes sent SP south from 2.2c to 0.005c almost every holder was then on massive losses if held. Fact imo!!
3. CR to come! Well it's fact that company has to raise significant funds as have only $4Mil in bank. Company burns $3 Mil a year for Admin and employee benefits - 2018 $3.3 Mil, 2019 $3.1 Mil, so Fact!! Again read financials as a deep well costs over $20 Mil. 2 Shallows drilled planned for Feb 2021 will cost above $20Mil. So 100% fact and they have to raise funds and when they announce this SP will fall to CR price. Again happy to post all reports to substantiate. Every report before all drilling since 2015 every year a CR comes Fact and SP falls!! Fact!!
4. Will a tier 1/2 be bothered? Fair ? to be asked on here as none of us know as company will not release who they are atm, but is a reasonable and fair comment as Covid has had major impact from these companies Fact!! So it's safe to assume a lesser company would likely come in imo.
I am not here to shame or bad mouth a company but I have maintained a balanced view that this company has poorly performed, massive dilution of nearly 10 Billion shares and cost the majority of LTH's 70-90% losses of total investment again Fact !! I am allowed to express my views and hold the company accountable under the HC guidelines and none of my posts today imo should be moderated.
So my posts should stand and not be moderated, it's obvious to me what's going on here. Unbelievable and disappointed. All IMO and DYOR!
During the last spud this went slightly above 1pps, the one before that it went just over 4pps. When I initially invested my average was 2.34pps and have been to the Globe and associate venues a couple of times when I was enthused with both DW and PB.
I am sorry but the brains and knowledge behind the scenes of this venture was PB – DW was the seller and always has said ‘cream the curve’. This to me now means take profits when you can but do no longer see this as a sound long term investment – just ‘cream the curve’ and is not getting anymore of my money, and especially to lover my average – those days are long gone.
I mean it well for those invested - GL LTH
LTEL,
19:24. I agree entirely with you re Aberdeen man and Tim. They even organised meeting in London before 2 of the presentations I attended and so full of things with Tim saying he had all his retirement money into 88e at some very cheap price. I was also drawn into this 'sell/con', and was impressed with DW and PB(bless him, but feel he was the brains if anyone and was so so passionate, and knew his stuff with a fantastic vision with excellent experience and delivery, (e.g. Eagle Ford).
I also think Aberdeen man and Tim were now on the payroll and we were conned.
Those 10 bagger days and the 50p mob have disintegrated.
For anyone questioning me I am like many at a large paper loss but guess also like most, am in dreamland for a good outcome from this investment. I did have faith and trust in DW, but that has now gone and he is only lining his own pocket by us mugs.
I wait the results and if crap then am out to hopefully recover some of my paper loss elsewhere- just had enough!!
Yes, I know it got to 6p as predicted, also thought with the dilution the drop would happen, but not so fast and as much.
Do you think that there will be anything to come
from next Thursdays meeting?
Fingers crossed all goes well with the trial and we have a favourable RNS.
GLA
This information was also in the daily mail a couple of weeks ago, also suggesting the price would probably return to the prevoius 6p region when referring to the Z/yen involvement.
This information was also in the daily mail a couple of weeks ago, also suggesting the price would probably return to the prevoius 6p region.