88 Energy Share Discussion Threads

[pro_s2009] 15/11/2019 06:18

88E


Appraisal of proven oil.
7 Conventional targets in the 1 well.
8th HRZ target at the bottom.
Every week will be a drilling update, each target will have its own RNS release.


So whilst the risk is obviously there, its a very attractive risk/reward ratio with a weekly drilling update, so news flow will be superb.

[pro_s2009] 15/11/2019 05:58

Been some people spamming around the place about 88E and BPC.

The major differences are :


BPC could not farm out - failed - nobody interested after looking at the dataroom.
BPC drill is pure exploration and so lower CoS.


88E farmed out to PMO, who after looking at the dataroom wanted in.
88E is an appraisal drill of proven oil.


That makes 88E a much lower risk than BPC, imo.

[atticusfinch1] 14/11/2019 14:21

No worries 4STAFound it, great little pod cast summarising next steps and potential....After listening I shall double my holding... ?Link below to listened again, like 4STA mentions, caution advised as it might make you invest (even more)!https://audioboom.com/posts/7373130-dave-wall-managing-director-of-88-energy-answers-shareholder-questions

[pro_s2009] 14/11/2019 08:40

Bit in todays PMO trading update.


Exploration and appraisal

.........In Alaska, the Nordic-3 rig has been contracted to appraise the Icewine Area A Malguk-1 discovery (Premier 60 per cent interest) which Premier estimates could contain over 1 bn bbls of STOIIP. The well, which will be flow tested, is expected to spud in February 2020. ........

[4sta] 13/11/2019 19:11

Sorry atticusfinch1, completely useless at things like sharing links. It was a Voxmarkets interview around about the time of the announcement of the farm out in August. I just went onto 88e's website and found it there. Hope this is of some help. Be careful though, if you listen to it you'll be compelled to buy in imo!

[davidspringbank] 13/11/2019 19:02

Unless you are psychic no one knows, but the excitement is bound to grow the closer they get to drilling. Anyway, I topped up my holding on weakness. I don't know if I'm mad, but I get a good feeling with Charlie redrilling an old BP hole which previously found oil. They had problems near the end logging the well, but with modern technology that should not be a showstopper today. You can be sure that these guys will be well prepared before they get out on the job. The only way you can know for sure is to drill the hole. I wouldn't be surprised if with new information gained from this well, that they decide to drill more wells. DYOR.

[block4gooner] 13/11/2019 17:48

So what's gonna happen to the share price in the near future please?

[atticusfinch1] 13/11/2019 17:42

Can you share a link to interview?

[4sta] 13/11/2019 16:23

I can wait. Just listened to the Justin Waite interview again, it's going to be well worth it imo.

[rodrod1] 13/11/2019 13:51

With premier releasing news tomorrow, some buying now to avoid being left behind. The real excitement is yet to be seen and it's been a long wait for some of us.

[pro_s2009] 13/11/2019 12:59

Looks like it Gowski

[gowski] 13/11/2019 11:28

Blue finish today imo dyor

[pro_s2009] 13/11/2019 10:44

From October chart is perfect, higher highs and higher lows.

Perfect.

This will be well over 1p by spud time in February.

[jammytass] 13/11/2019 10:42

lol
More like a lower low

[pro_s2009] 13/11/2019 10:18

Or alternatively its natural consolidation, nothing goes up in a straight line, all rises are met with profit taking and a fall, before the next phase of the rise.

The important thing is to get a higher high followed by a higher low, then another higher high and another higher low......thats how solid rises are made.

[jammytass] 13/11/2019 10:05

Looking like the paid for report has done well for the insiders pump and dump

[pro_s2009] 13/11/2019 08:45

No, they said with the fund raise at 0.7p recently they are now completely fine in terms of cash.

He is over here to spread the word, raise the PR level and finalise the PMO deal.

[2prsimo] 13/11/2019 08:39

Hope he isn't here to raise more cash as well as the other things listed above. You never know with him.

[pro_s2009] 13/11/2019 03:24

Yes, Dave Wall is coming to London end of this month, deal will be finalised and signed off and he is going some PR stuff as well (presentations to the city).

So should be news end of this month at the latest.

[mynameiskhan] 12/11/2019 23:35

Gowski, read last RNS by 88E. Farm out completion expected end of this end. Dave wall will be in London towards end of Nov, hopefully to finalise the deal and signed it, and also discuss and finalise the drill budget and operational activities etc.

[pro_s2009] 12/11/2019 19:31

Gowski, PMO expected before end November.... But could be anytime.

[pro_s2009] 12/11/2019 06:22

Considerable interest in the Cenkos broker note on 88E, near 300 people have downloaded it from the link below.



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[gowski] 11/11/2019 12:25

Well the pmo farmout finalisation rns should be this week ? 14th is their end date I believeImo dyor