88 Energy Share Discussion Threads

[lgraham86] 02/1/2020 11:55

£10k buys at 1.40

[pro_s2009] 02/1/2020 10:59

Going to get very interesting when drilling.

Those hoping targets 1 to 4 fail - might get a shock with Indigo, the first Charlie-1 target as its got legs and could come in.

I dont hold much hope for targets 2,3,4....... but if Indigo goes come in then the share price should be well over 4p by the time they enter the Stellar targets, those main targets.

Those hoping to buy in on first 4 targets failure could get blown out of the water by Indigo at the top if it did come in good.

Just going to be so interesting this well, with 8 targets and regular RNS updates on any oil discovery in any of them, as per ASX material news must be immediately released rules - as 88E is operator of this well.

[pro_s2009] 02/1/2020 10:32

3$ a barrel was when oil prices were much lower, for prospective resources. You would expect any deal to be around 5$ to 6$........

[patio58] 02/1/2020 10:29

From Jiddy on LSE - This is why it is different this time around:* 480M barrels net* $3 per barrel* Conventional Resource* 3D Inversion completed* SEVEN prospects* One of best drills in 2020* Deal 3-4 years in the making* FO PMO - Multiple high quality bidders* Appraisal NOT WILDCAT* $23M FULLY FUNDED drill* TAPS* FREE crack at HRZWhat's not to like!!

[patio58] 02/1/2020 10:02

Let the trend be your friend.

[pro_s2009] 02/1/2020 09:46

There she goes......That gap at 1.66p looms, needs to be filled.

[pro_s2009] 02/1/2020 09:45

Looking like the offer will pop up to 1.45p soon.

[pro_s2009] 02/1/2020 09:24

Good volume again today on AIM, so far 27m in under 2 hours of trading. Excellent consolidation and makes for a new higher high at some stage in the coming weeks.

Breath, consolidate and then next wave upwards begins at some point.

[pro_s2009] 02/1/2020 07:55

I have confidence in the Torok formations - holding the lot for drill results from the Torok. Charlie target 1 may surprise to the upside, as might target 8 the HRZ.

However I am holding for results of 5,6,7 :)

[lgraham86] 02/1/2020 07:50

88e is biggest no brainer out there, should be a free ride through drills as you de risk at spud. Thats how il be playing anyway.Each to thier own

[pro_s2009] 02/1/2020 07:45

If you put things into perspective, Carapa-1 for Repsol had a 15% chance of commercial success........and, its a failure.

Stellar targets at Charlie-1 in the Torok formation have a 50% chance of commercial success.

If people were willing to hold for Carapa-1, they should be biting others hands off to get hold of 88E and PMO shares !!

[lgraham86] 02/1/2020 07:42

Maybe bit of a back test, last few trading days been significant increases , we shall see

[pro_s2009] 02/1/2020 07:41

Lets hope so.

Chart says 1.66p is the next higher high. Will it be straight there or a back test first ?

[lgraham86] 02/1/2020 07:29

Steady rise today hoping

[pro_s2009] 02/1/2020 07:28

34m traded on ASX and 17m on Chi-X.....so total volume 51m for today down under.

[lgraham86] 02/1/2020 06:13

Up 13.5% In Aussie land , lets hope we can follow them in the batting

[pro_s2009] 02/1/2020 01:24

Thanks to excitable2 over at HC - for the chartists out there, the next gap closes at 1.66p

[lgraham86] 01/1/2020 16:27

Be buzzing for another blue day tomorrow, maybe see little bit of profit taking though we shall see . Hopefully not

[ileeman] 01/1/2020 12:51

Major break above 1.15p-1.2p, might backtest first but should see 1.5p near term and higher into drill spud.

[joey wilson] 01/1/2020 10:13

Whats not to like here. Happy New Year.

[pro_s2009] 01/1/2020 00:36

Yes, around 8% new shares issued in a fundraising September 19 and circa 10% issued Nov 18.

They still have a net 5m US$ to come in from the tax rebates which should occur in Q1 which will further boost their cash position.

So if you say 4p minus 25% then you get 3p.

But the company is in a better position now than then - with a high grade farm in partner - excellent appraisal well with exploration upside to come. Thats why I feel 2.5p to 3p pre spud range is fine and just puts 88E back to where it was when it had worse prospects back then at 4p levels.

Every bad share is a bad share until they come good, and every good share is good until it goes bad. The past is no reflection of the future. Stock markets value the future only, they dont give a flying flamingo about the past - and 88E will be valued based on the 7 conventional targets and 1 unconventional target to be drilled in Charlie-1, very soon.

The success upside is staggering - the COS for some targets is very high - and there are 8 targets in total.

We will also get, under ASX reporting requirements, all major news released as the drill progresses - ASX demands constant release of material news.........so unlike any AIM only stock where you get a spud and then a results RNS.........with 88E, as they are operator and so report under ASX rules - you will have constant disclosure......which means a load of RNS once they start entering the targets.

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