Member Info for V111JAS

~ " i've left the forum. " ~
Even the most stupid of individuals eventually come to realise that the wold isn`t laughing with them ~
The World is laughing AT them .
~ Please don`t come back .

WHAT ? ! !
Another totally unintelligible meaningless post !
What on earth has my Council Tax got to do with TLW ?
Dear me , you`ve only been here since 15th March but you certainle seem to have made your mark ~
~~~ As the Village Idiot .

this thread has become unreadable , impossible to follow and quite pointless since this RD character made his mission in life a crusade to destroy any balanced interaction here .
How does society accommodate such selfish , deranged , opinionated , bigoted misfits ?
Clearly a case of mental instability , best ignored and filtered .

LoL !
You`re right Sea ~~~ He`s `Duck` (perhaps I misspelled that!)
I just had to have another quick look at his posts ~~~
ROTFL !
If I had 33k invested here I certainly would not be talking my investment down like this .
Only a complete idiot would behave like that . Then of course `Ducks` aren`t the smartest of Gods creatures .
He tells me he`s been posting on AAZ ;
Oh yes ! I see he`s posted an illuminating , in depth , one line nothing ~ Twice !
What an absolute tool ~ and a very rude one at that .
~~~ 33k in BLOE ~~~ He`s got about as much credibility as `The Orange Anti-Christ `.

Anyone reading Husler`s posts , first needs to read his history :
Posts ~(Last 30 Days) 122 ~ Posts (All Time) 125 ~ Last Post 12th Apr 2020 ~ Member Since 23rd Dec 2019
Only posted on BLOE .
Only posted negatives .
Only has one obvious objective .
My guess is that he doen`t own a single share , never will , and his GAS will cease as soon as BLOE`s begins .

Simple solution to his irritating posts ~~~ Filter .

MMmm ~~~ You`re right Brombarb , it does say PMO , but I`m still unclear about the detail as they only had 60% .
That link suggests that 88e gave up 100% of `A`.
As mentioned before we await detailed confirmation of revision or return of ownership .

Desmond :
As I understand the arrangement ; PMO did not buy the land lease , they bought 60% of the exploration well , from which they have now withdrawn . De facto the well is defunct and the land lease remains as an asset held by 88e . ~ (To be confirmed .)

~~~ ps: It looks as if you are really up to speed here , keep that info coming !

Hi !
i`m hoping that wont be first thing Tuesday morning :
1. Because it`ll be 3.00am here .
2. Because having done a bit more digging around I don`t think I bought enough last week .
Best of luck ;)

~~~ and apologies for the duplication !
Sometimes this LSE site seems to do strange things !!

Hello Dave ,
Thank you for the compliment , however please be aware , I have no professional financial qualifications , any posts I make are based on my research and my honest opinion .
I try to take a common sense approach to possible opportunities , and ignore the obvious trouble makers . AIM is a very dangerous place to risk your capital .
A loss of 20% while not acceptable is not unusual . Total loss is not uncommon . Aim is so risky , so full of dishonest posters and plagued by unscrupulous Directors of dubious Companies , it`s like the wild west !
We are all attracted here because we are at heart gamblers ! It is exciting , and sometimes the gamble pays off .
I would never recommend this game to anyone .
I think we are entering uncharted waters in the context of the Global economy which exacerbates the risks in AIM .
I`m not sure that we will ever return to that which we previously regarded as `Normal` and nobody can tell you how current events will impact business into the future .
Changing circumstances have consequences so extreme caution is a precursor for survival let alone gain . The old mantra is so very true :`Cash is King`.
Anyway , sticking your capital in a bank is about as boring as putting it under your bed , so the market will always be a temptation .
I don`t follow L&G , but if you consider long term security , dividend , stability , and possible opportunity in a quality well managed business I have always liked Unilever .
Long term I don`t think it will let you down .
Regarding LEK ~~~ err ~~~ it`s another gamble , we will have to wait and see or , cash in and run !
I like the risk / reward here , but at the moment there are still many missing pieces in this jigsaw .
My rules for risking your money on AIM might read something like this : keep an open mind , think outside the box , read as much as you can , be flexible , trust no one , do your own thing , be prepared to lose , understand the real consequences of loss ~ and ~ keep your fingers crossed !
Good luck !

Hello Daveoilfriday ; I`ve sent you a little note on the other thread which is a more relevant location than here .

Hello Dave ,
Thank you for the compliment , however please be aware , I have no professional financial qualifications , any posts I make are based on my research and my honest opinion .
I try to take a common sense approach to possible opportunities , and ignore the obvious trouble makers . AIM is a very dangerous place to risk your capital .
A loss of 20% while not acceptable is not unusual . Total loss is not uncommon . Aim is so risky , so full of dishonest posters and plagued by unscrupulous Directors of dubious Companies , it`s like the wild west !
We are all attracted here because we are at heart gamblers ! It is exciting , and sometimes the gamble pays off .
I would never recommend this game to anyone .
I think we are entering uncharted waters in the context of the Global economy which exacerbates the risks in AIM .
I`m not sure that we will ever return to that which we previously regarded as `Normal` and nobody can tell you how current events will impact business into the future .
Changing circumstances have consequences so extreme caution is a precursor for survival let alone gain . The old mantra is so very true :`Cash is King`.
Anyway , sticking your capital in a bank is about as boring as putting it under your bed , so the market will always be a temptation .
I dont follow L&G , but if you consider long term security , dividend , stability , and possible opportunity in a quality well managed business I like at Unilever .
Long term I don`t think it will let you down .
Regarding LEK ~~~ err ~~~ it`s another gamble , we will have to wait and see or , cash in and run !
fwiw ~ I think this should survive the current turmoil , all the reasons have been posted on this thread . At the moment we are guessing because we can not see all the pieces in the jigsaw .
My rules for risking your money on AIM might read something like this : keep an open mind , think outside the box , read as much as you can , be flexible , trust no one , do your own thing , be prepared to lose , understand the real consequences of loss ~ and ~ keep your fingers crossed !
Good luck !

Apologies to other posters for being a bit off topic .

~ " I do not blame DW, " ~
I disagree .
DW is the man in charge , regardless of any 50/50 COS , he has been VERY well remunerated to to deliver results and value accretion for shareholders .
In this respect he has proved to be , over a considerable period of time , an abject failure .
If 88e is to make any future progress , indeed even to survive , he really has to go .
Most of us who have been here through the years could draw up a very long convincing list of his mistakes , failures , incompetence , poor judgement , lack of relevant qualifications , self interest , strategy ... etc ...
He`s been given his head , had his chances . 88e need`s new leadership and it`s time for him to move on before the piggy bank is empty .
A couple of very brief examples :
The strategy ` prove and sell up`, has been a flexible mantra :
Years spent buying up acreage for HRZ , then to link with RMP ( of all outfits!) , to chase a wild cat opportunity which failed .
The PMO association might just yet prove to be a stroke of very good fortune . At the moment it has had a huge impact on credibility and cost to shareholders . However , we did get to poke the HRZ , Gas has been discovered , but it`s going to be several months before we get a meaningful translation of value / opportunity .
If DW stays in position , it will likely be more of the same . I think we need fresh thinking , a clear forward strategy , and new leadership .
Regrettably , horrific external influences have now impacted the global economy and dramatically the oil industry .
Irrespective of 88e specifics , there is now a daunting list of issues that might have a claustrophobic effect on this company :
Small shale oilers are under severe pressure , recovery may be years away , finance will be expensive even if available , and the wilds of Alaska hardly the most attractive location when we have a world glut of oil .
Of course DW is not responsible for world events , but he is , and will be responsible for attempting to turn a `Pig`s ear into a Silk purse`.
Fwiw ~~~ I don`t think he`s up to the task .
In view of all the perceptible difficulties ahead ; my preferred route now would be to work through the outstanding potential data , while trying to partner a more professional outfit . I would not dismiss an outright sale , even at firesale prices , because the future here seems very , very tenuous , and `Something is always better than nothing `.

Sorry to be so negative , I`m as disappointed as everyone else , but my opinion is based on the fact that :
The World has definitely changed .

Sea Hawk ~ You get it . We ALL (well most of us) get it now .

There are a lot of snakes in Australia , so it is hardly surprising that there are also a lot of `Snake Oil Salesmen`.

(Some people have only had a nip from a grass snake , unfortunately , some here have been bitten by the deadly
Western Brown Snake and this can mean `Lights Out` . I think it comes from Perth .)
Absolutely shocking how much this `adventure` has cost so many decent people .

Bought a little stake here today .
Will have some catch up read to do over the weekend . Fingers crossed !

Le Major ~~~ et All :
In the context of a Huge Gas deposit :
As I understand developments over the last few years , despite being the worlds no 1 producer the USA actually IMPORTS oil , specifically from the Middle East because their oils are `Light Sweet` . USA Crude is heavy oil .

Now , in addition to `flowing the tubes` :
https://youtu.be/g5N0PoRZdnQ

A very good question SamColt .
This brings into focus 88 leadership , a question that has been niggling at me for some time .
I`m not wholly convinced that DW is the man to take 88e much further forward .
Definitely NO more acreage required .
I would like to see a detailed longer term opps plan hopefully in conjunction with a reliable , reputable , robust third party .
These are very difficult times , as mentioned before I would like to hear DW and Staff (of which there are few) take an immediate 40% cut in salary .
Credibility has been damaged by recent events , raising further funds will prove difficult and expensive ;
Cash must be conserved .
His statements tonight will be pivotal .
GL .

Manform :
* c. 7 Billion shares in issue ?

~~~ " 88E only had 30 percent interest in Charlie-1, "~~~
* In fact cost to 88e was $ ZERO .
* I believe 88e paid c. $ 1.5 M to poke the HRZ .( Results in June .)
* We now have 100% of Charlie .(To be confirmed.)
*Huge Gas reservoir discovered . ( Details to be confirmed .)
*Much derided Feb CR means balance sheet intact .( Detail tonight ?)
GL.