I have said all I want to say, posters keep commenting and so comment back. Make no mistake about it, I mean what I say 100%. I am not a bull****ter. I post negative comments because that is what I believe, I am not doing it for a laugh.
isdeer, you're biggest mistake when investing in AIM is to expect the BOD to give a toss about retail investors. Some do, but the real clever ones don't talk much at all - they let the money coming in to the company do all the talking and are often then begrudged to pay shareholders some dividends.
You can't tell me that significant shareholders don't have more info than the rest of the pond life investors. Chris was tipped off something and sold. It stinks to be honest, but that is my opinion only.
Simply put - where is the gas flow result of this well after 6 days of testing??? Deflected attention away from the initial goal of a gas well by intimating that there may be a significant oil find (which they never planned for)
88E to become the minority interested partner. That's a big bump in the road of the creamy curve with a 70% reduction in revenue (if there is any). If no success next year, surely Dave will be writing thousands of letters of apologies to long term shareholders convinced just like he was of success. Additional Details · 88 Energy to retain 30% working interest in Area A · Premier has an option to earn 50% working interest in Area B or C by spending US$15m, if the Charlie-1 (Malguk-1 appraisal) well in Area A is successful · 88 Energy to operate the Charlie-1 (Malguk-1 appraisal) well via its wholly owned Alaskan subsidiary, Accumulate Energy Alaska In
Dave Wall has effectively given control of the exploration to Premier as they will become the minority interested party. If only he had accepted his limitations years ago, then the SP might have been a lot higher. A nice guy for sure, but either desperately unlucky or just far, far too optimistic. He's been paid well for his personality, that is certain.
adoubleuk, why not announce the gas result for the few days they tested? Was this not possible, surely they could have a good indication on initial gas flow rate after 6 whole days. 23.08.2019 "The flow testing of the WNA-2 well commenced earlier today. "The well test programme is scheduled to continue for the next 4-8 weeks. 29.08.2019 'With the indication of a potentially significant oil column, the Extended Well Test ("EWT") has been temporarily suspended in order to review and revise the well test design to deliver the necessary test information to validate this important onshore resource' WHAT ABOUT THE GAS?
Cuadrilla must be losing loads of money with all the disruption caused by the earthquakes and protesters. On top of that, if Corbyn gets elected as PM, he would ban all fracking in the UK. As far as I'm aware, only 3rd Energy and Cuadrilla are fracking in the UK.
HSBC I suspect are following their procedure and demanding that the source of the money can be traced to legitimate sources. I expect that is the reason for the lengthy delay. I could be wrong but it looks like something like that to me.
There is a share called Jersey Oil & Gas (JOG) that was valued recently at around cash in the bank despite having made a discovery in the North Sea with 'proven' reserves of oil net of 4.5 million barrels to the company. The SP has now trebled since then on producing oil licence acquisitions. Nobody was posting on that share as it wasn't ramped to high heaven like this one.
Incredible that APEC's money still hasn't been cleared. That means I believe that some of the money was perhaps from a source that cannot be verified. Maybe a problem with the Chinese system and a genuine mistake, or not. HSBC would have let that go maybe years ago before they were fined billions for allowing money laundering. Problem is that APEC has many investors contributing and one bad apple could have spoilt the entire process. Tony O'Reilly is fuming and now it looks likely that he will be raising some cash next week.
So he ramps on Twitter too. He is just an ordinary PI with too much money and an addiction to gambling AIM stocks. However, if he can ramp his own interests to get followers (sheep) to buy in, then he has a beneficial advantage. If he really believed in the share, he would have held the lot until the EWT result - a 45m oil column! and he sells on that news?