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Please restart the countdown clock….Thank u, thank u, thank u very much…LOLZZ
Excellent milk job resulting in a huge amount of bag holders…Trade it..don’t love it…IMO
These are the people I want to give my social security # to…NOT…Great trader tho….really loved the countdown clock….Should be in the Pennyland Hall Of Fame….LOLZZZ
True..great trade..don’t love it..Build a core if u believe in it…Pennyland 101…IMO
Agreed..this flight has ended..Not bad for recycled news release tho…Shows what we can expect with real news this drilling season…GLTA
The fee is for any day u trade eeenf, buy or sell…not per trade…I had several multi-trade days, and was only charged $15 per day
Sitting pretty…Time will pay off..IMO
It’s true…there is oil…IS THERE FLOW?…..That question cannot be answered till next drilling season…End of story…Nothing has changed since the April collapse in share price…Billions Of bag holder shares are going to trade into any rise in price, as to be expected…Trading 101
A milly x .05 is a cool $50,000 profit….Very tasty indeed,especially with recycled news…Well done, I say….
U got to dig deeper to find this one…follow my instructions on post 28186…I was shocked having paid an extra $300 this year in fees….
Believe it or not….it’s there…It’s because this is an ADR…not a U.S. stock…
It’s true, see my last post for instructions to find…it’s well hidden
Sorry it’s true
TDA charges a large $15 “foreign transaction fee” each day you trade this…buy or sell…It seem to be a daily fee, not a per trade fee…We’ll hidden fee, u have to dig deep to find….Haven’t heard any comments from Schwab, etrade traders tho
Cause it’s old news, repackaged…Oil is there…it’s about flow, which can’t be determined till next drilling season
Pop highly unlikely now that there are so many bag holders just praying to get out of this turd with their money back
Bad…bearish engulfing candle with volume…If we get a confirmation candle down on Monday, it means a retest of the .015 low from 4 days ago is very likely…IMO
A sweet idea!
It is now too late in the season to initiate flow testing operations and the forward program will consist of plugging the well. The well may be re-entered in the future, if warranted, in order to drill a side track and conduct a flow test.
Additional information related to Merlin-1:
Merlin-1 is located in the NPR-A region of the North Slope of Alaska with the following co-ordinates X:196695 Y: 5666711 Zone 4 NAD 27. 88 Energy has a 50% working interest in the well and is Operator. The well was spud on 10th March 2021 and was drilled to a Total Depth of 5,267’. Multiple prospective pay zones in sandstone reservoir between depths of 3,400’ and 5,100’ have been identified; however, more analysis of the data is required to determine gross and net pay. Fluids recovered via downhole sampling will now be sent to a laboratory to determine hydrocarbon saturation, phase and constituents; they, however, are deemed to be mostly comprised of water. Note: the two most prospective zones in the Merlin-1 well were not able to be sampled due to operational issues.
Managing Director, David Wall, commented: “Despite the operational issues that prevented obtaining a hydrocarbon sample from the two most prospective zones, the results from the Merlin-1 well are very encouraging for the potential at Project Peregrine.
We appreciate that these early results may be difficult to interpret. That is because we do not yet have all the data required to allow interpretation. This means some uncertainty remains; however, it is already clear that Merlin-1 has delivered by far the best outcome of any of the 5 wells drilled by 88 Energy in Alaska over the last 6 years.
Particularly encouraging is the apparent presence of oil in a zone that has not previously been targeted in NPR-A. Whilst the potential volumetric size of this zone is not yet known (as it was not a mapped target in Merlin-1) the formation could be extensive based on initial interpretation. The other most prospective zone with good shows and petrophysical characteristics is shared with the Harrier Prospect and will likely high grade that for drilling in 2022.
The Company is extremely proud to have been able to achieve this result from a wildcat exploration well drilled on sparse 2D seismic, 60kms from the nearest control well, in the middle of the Arctic winter.
Project Peregrine, in combination with the 100% owned Umiat Oil Field, has the potential to deliver substantial returns for shareholders, in the form of a potentially large oil field development.
We look forward to providing more data as it becomes available over the next few weeks and months.”
Interesting, if true…Haven’t seen that info…..At this point I’m in, but not betting the house…Main fears are huge o/s…Reverse split and no flow on this find….
Haven’t heard of that one….To be bought out by a major would be great…Only way that might happen is with proven flow on the Merlin find…Flow cannot be proven till next driilling season…I think u know thats why we crashed in April
Easy come…easy go….quite a haircut on that 2nd hunny mil…..if it existed at all…
Have to agree…Great promotion tho…Countdown clock was priceless…lolzzz…Old P.T. Barnum was right…
No news to be had till next drilling season to determine flow of find…COP has plenty of oil at willow that will cost billions to develop…if they r allowed to…Alaskan or any far north oil is the most expensive to bring to market…there are possibilities here, but also risks….bet, but don’t bet the house…IMO
Thanx Sam...Great article and very true..Caution on this one...sadly, too late for many...
What does nominees limited mean anyway?…Almost all say that…
Could still be a good plan it seems…..007 wow..hard to believe
Yikes!!….007…Am I reading that right…
My flip was not as good as yours for sure, but I do admit what I am which is a trader ( or flipper if u insist)
Hard to say…It’s a real stinker….but….highly tradeable right now…Unless u r with TDA
Lotta milking left to do here back to trips with billions of shares o/s….trade it, don’t love it…keep/ build a core position if u believe the dream being promoted…Sometimes they come true…
And they had the cool countdown clock…don’t forget!
Golly…Isn’t buying earlier today and selling now….A Flip?….Me thinks it is indeed the way to make $ here “thanx for the 2’s”…..LMAO
Death and taxes are unavoidable…Give them there cut and enjoy the rest….Congrats….Glad we don’t have a per trade tax like some in Congress are calling for…
Not so fast….Need to close above that # today or going much lower…IMO….Good flipper on way down tho
A close below .0379 today does not bode well for tommorrow
Nothing surprises me with this stinky ticker….Looking for a retest in the .01’s with light volume to re-enter…MMS milking this 3-4 area good
So far it’s a great trading vehicle with lots of talking and promotion….The countdown clock was an interesting touch, I’ve not seen before here in Pennyland….Trade the charts, not the talk…IMO
Chumming the water?
Also a window at .0198 to .0202 with 263 mill. Shares from 7/12 & 13…successfully defended yesterday on huge volume….Might see a retest of that area….Light volume successful retest would mean gobble gobble gobble…IMO