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Heres my opinion on this. Most of the people that bought into $EEENF DO NOT understand the oil industry and mistakenly believed that after wire logging the company would confirm without any doubt that oil had been found and lots of it and many believed oil would literally gushing out of the well. The fact Wall stated that the well will be plugged to be rexamined at a later date people interpreted that as the well is a failure. Anyone who knows the industry knows wire logging was just another step required in the process to confirm the presence of oil etc. They also know 88E is an exploration company not farming therefore the company will not farm this well. In addition they also know all the well must be drilled first and infrastructure built before any oil is farmed and that takes time and given this is the north slope the season is very short therefore they have a very limited window.
In conclusion many people simply bought the stock on the hype but have no idea what the results mean or the process required here.
Yep the Clay group manipulated the market in ASX . Damn I should ve know. Ironically he stopped visiting us :)
This likely drop more and trade sideways for a while but eventually will go higher thats just how things are. I aint never seen a chart with a straight horizontal line. The company and assets are real and the well has oil. The PR on the other hand was very poorly written.
Like your boss giving you a compliment saying : Hey you a great at what you do if only you can improve at this, and this, and this and that etc
So i have this crazy theory: ELKO sold a lot of their shares on the way up and made a killing. 88E got an offer from one of the big players there for say $4bil which given the float would put us @ $.40. Because of the hype the shares were trading at almost $.10 which is way more than its worth and anyone would be willing to pay so they put out the announcement in such a way to discourage investors and dump the stock so they can proceed with the sell. Call me crazy but am I?
Im sure his Aussies are very happy with him now lol
Hang on guys tomorrow is a new day and soon we will go back up again once the dust settles here. Next week i will be gree again here
People are so weak. I took out my initial investment in EEENF yesterday and got a nice position here. Now Im riding 2mil free shares in EENF and Hopefully Make up some gains here $FTXP
The upside here is the oil is there and this is a 2 well project....... PATIENCE AND WAIT is the solution here
The only unfortunate thing here is we are last in line to exit for those trying to sell since AUX and London already took it down....
Correct. Anyone who understands how the industry work knows the process and knows this well would be capped until all wells are drilled and infrastructure built which can take a few years before any farming starts. BP has wells nearby that found hundreds of millions of barrels and have been capped for later extraction. Had the results announced been 100% positive the company would still have taken the same steps. Common investors without industry knowledge don’t understand that, in their minds they expected the company to announce we found hundreds of millions of oil and we will start to extract.
Exactly. Just my opinion. Im riding free shares common sense told me to get my investment out yesterday.
Nevertheless its pretty ASSHOLE for Dave Wall to wish shareholders Good Luck and good fortunes snd then shit in their faces like that. It appears the institutions are the only shareholders they care about. IMO
The news put out by the company as manipulated and structured in a such a way to give hope to those who know the industry and cause panic to everyone else. The purpose to sink the pps. IMO
Im buying more tomorrow after it tanks compliments of Reddit and other dummies who have no idea whats going on.
Im riding 2mil free shares so Im chilling
Well good now smart money can pick up cheapies
Smart people will average down and wait for lab results and next news
Theres too much money here. This is going to rebound after the scare because the news is positive but people are ignorant to the facts.
You know reddit is going to run out to door lose their asses and im going to chill watching the rebound haha $EEENF
Im not concerned let the panic selling exit the door and Im going to make money. Idiots
Lets be honest here even if they didnt have power failures and other issues they would have to plug the well regardless because of the weather warming up. So people have no damn idea what they are talking about. They are so ignorant that they probably assumed that tomorrow they would have a line of tanks pull up and start filling up ready to go. How many tomes has BP and other big players plug well that have confirmed oil to farm at a later date. ALL THE TIME
Thanks for the confirmation now im enjoying my multi million shares positions in $FTXP and $EENF
SHIIIT between $FTXP and $EENF I think Im gonna piss Oil tonite hahahah
Hows everyone doing..... I knew I should have bought more 2 weeks ago. Just picked up another 1.3 mil shares GLTA $ FTXP
A lot of the peeps in Reddit are treating this as a P&D they have no idea what $EEENF is and are telling other uninformed peeps to sell before news.... HAHHAHAHAH
We need to break above .08
Whos ready to make some MONEY?????
Bluebird is gonna throw a block party for his whole damn town hahahaha. GLTA
I have a pps prediction for tomorrow between $0.0001 - $100.00
I want to see any of you beat my price prediction. Any other prediction is simply BS
Isnt that what we want lol?
Many of reddit are just following the hype and hoping to make a quick buck they dont know their head from their azz lol
YEAH SURE....... EASTER SUNDAY and ASX market closed tomorrow but management is going to release news today LMAO ..... $EEENF
Ive seen that $40 cost mentioned on multiple articles. That leaves roughly $25 net profit at todays crude price
There could be a RS or a share buy back before a buyout to shrink the float??? Any thoughts on that??
Sleep is for the weak .......HAPPY EASTER folks
Feel the need for red caps hhahahahha
It is indeed. I averaged up to .02 and happy that i got a good load.
I wont be surprised if pps runs pass $5.00 in the next 10days.
I cant wait to add another 50k shares here. Hopefully next week. I love the forecast for HUMBL in the long run. This is a monster in the making and we are fortunate to be here at the beginning. This will make many people multi millionaires in a few years. The team behind the company and the potential worldwide is just to great to ignore .....$HUMBL
Correct this is from Merlin alone which is still huge IMO