88 Energy Share Discussion Threads

[pro_s2009] 20/11/2019 10:06

bushman1 - you have to measure risk and reward.

88E has Yukon, has other license areas that PMO want to farm into if Charlie-1 is good, its not a one trick pony. Charlie-1 is an appraisal drill, so there is oil there.

Top level Charlie-1 result would be worth many multiples of todays share price.

So for me, this is the kind of risk against reward I like. Not a one trick pony, other things going on, minimised risk on the drill, tonnes of upside.

[bushman1] 20/11/2019 09:12

Pro-S2009 I agree all looks very promising, both here and through the links & posts on Hotcopper bb, my reason though for not taking a position is the return. OK, I could buy at 0.93 but only see a x 3 or x 4 ROI whilst with other juniors such as Sacgasco for example ~ ASX as well ~ could be multi-bagging x 10 + . 4.5 p or 5.5 p def. a good return on Charlie 1 success but where to from there ?

[mynameiskhan] 19/11/2019 13:36

Dave wall is arriving London next week to complete farm out deal with PMO. Opt update is expected on completion of deal, will give more boost to share price ....

[4sta] 19/11/2019 10:17

Hoping to be able to gauge his excitement watching him present on the video. Also there could be little snippets in there over and above what's in the presentation.

[pro_s2009] 19/11/2019 09:41

As I said earlier, we should see the staircase effect into spud.....higher highs and higher lows........ those selling out for a quick profit then paying more to get back in for the next rise mostly.....some will time it right, most will get it wrong.

I have been steadily accumulating since 0.7p and have many millions, not trading though, just let the value appreciate into Feb 2020.

This is such a big well, an appraisal at that, with 7 stacked targets plus 1 HRZ at the bottom and we WILL get weekly drilling updates, so loads of news and an RNS on each target zone as it goes through it.

What a wonderful Q1 2020 its going to be.........

[seroxat] 19/11/2019 09:05

I'm not sure you're going to get much more from a recording than what's already in the public domain, suspect it'll be going over the presentation released yesterday. More likely to get a 'feel' of how DW/88E view the upcoming drill from the conversations afterwards, little snippets, how excited he seems, body language etc, he's not going to tell us anything we don't already know but it's the post presentation chit chat that's usually the most revealing.

[pro_s2009] 19/11/2019 09:02

Will be interesting to know the response.

[4sta] 19/11/2019 08:53

Just wondered if anybody already knew. Have e-mailed them and will let you know their response.

[pro_s2009] 19/11/2019 08:33

I would suggest emailing [e-mail] and asking them

[4sta] 19/11/2019 08:31

Does anybody know whether the investor briefing on the 29th will be recorded so those of us that can't attend will get to see it?

[pro_s2009] 19/11/2019 08:25

I would expect a spike to 2p levels before spud.

Then, if any of the 7 zones hit oil a good spike to 4p to 6p levels......its such a massive well with massive implications.

And being an appraisal well, where there is proven oil not far away, and backed up by inversion as well with the seismic, its pretty darn hot with a decent CoS.

[bmwman3] 19/11/2019 08:19

What a spike that traps investors that gives you half a month to get in and out you mean? Sort of like a door that doesn't close! Oh I see!

[grannyboy] 19/11/2019 08:12

Yes they call it a spike..

[bmwman3] 19/11/2019 08:10

Apart from the last 15 trading days where it's finished up 11 times and plus it's up already today!

[grannyboy] 19/11/2019 08:01

There's no denying the potential here, but like all companies particularly in the O&G sector, the share price will spike trapping investors, because the time frame between the actual drilling date allows the share price to be manipulated, and it's usually down...

[bmwman3] 19/11/2019 07:53

Building nicely here!

[patio58] 19/11/2019 07:38

Another blue day incoming.

[pro_s2009] 19/11/2019 04:30

Placing Sept 2019.



Explains the situation.

Also expecting cash injection from the ongoing court case in Q1 2020.

They will not develop if Charlie-1 discovers oil - sell it in the ground and then worth on the other projects and prospects.

[ff2345] 19/11/2019 03:40

Do you have a brief analysis of the current and projected cash? Do they have enough to do the planned works in Q1 2020?

Thx

[pro_s2009] 18/11/2019 21:37

November 2019 presentation released.



.

[pro_s2009] 18/11/2019 21:24

News soon in Australia, looks like new presentation to be released.

Announcement to be released soon.

[pro_s2009] 18/11/2019 20:17

Nice close.....

[1i1i1i] 18/11/2019 12:34

Great video, great prospects, great low price to buy in, great 2020 incoming!