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Thanks for your response, I guess I don't fully understand why someone would want to come into a stock shell whose stock value is at 5 10 20 million dollars. I would think one that has only a million or less market cap Or those with the lowest price per share would be Of most interest to those wanting to reverse merge. Would that not leave the stock a lot more Room to show expanding growth at the beginning when they 1st merge? I see some of sharps plays being hyped because of his notoriety into ridiculous Values for the number of shares.
Horst, I know you've been involved with these custodian ships for a while and seem to know what is going on. I guess I'm curious as to why something like CHME Which has a small market cap at the current share value, Lower shares and float in general then most, And old enough to most likely be passed all liability issues.... Why do these languish when some of those that sharp deals with are much more risky and yet shoot up to 100 400 600% and ones like this just Languish?
SFIO MADE The lion top 50 most discussed stocks. #26
I was able to get some in the 4s as a lotto play. Kind of curious why this hasn't got the same hype as the other custodian ships. It's got far less then a billion shares and value cap is under 2 million and it hasnt existed for so long most debts and shareholder issue should be non existent. You would think this would be the perfect reverse merger takeover play.
For a Epiffney cafe I found 27 locations.. But you can count and make sure I'm right
https://epiphanycafe.co.nz/contact/
On Sunday I wrote a couple post warning that these custodian plays tend to "sell on the news" at slightly before, or right after the announcement that they've "won custodianship" in the courts. If you look at the history then they may or may not get picked up and rise again but that usually takes a few weeks to a couple months. All but one of my post from Sunday were deleted. I sold off the majority of ZHud last thursday After buying in close to 20( Thought it would go down a little 1st so I missed out on the early rise). I suggested they leave some in Z Hud but take some profits and go into one of these earlier takeover stocks before the court dates. So far IGot a decent profit from this stock but I'm up anywhere from 30 to a 100% on the others that haven't completely gotten through yet. Plus I'm playing a couple from other Firms doing the same thing as omni.
I'm not trying to go for the 5 bagger,... Just multiple and consistent 1 to 2 baggers. If the trend I have found holds up, Even one custodian play a month At a lousy 50% average... Make 600% a year. If I'm lucky I get the occasionals 4 or 5 bagger before the court date. Too many guys like to be monogamous with one stock at a time.... I may not be a young guy anymore, but I like playing the field
I tried to warn you guys..Again! Iv** up nicely again. Co** & ch** also. Ch** probably last day for jump tomorrow.
When I offered that research early on, Four guys gave me emails to send it to them. A couple of them verified part of what I had sent. To private Email the me that they were pulling out all but Their free shares. Even with the information distributed, I couldn't believe how many people were Bringing it Into question or implying it was some kind of scam or hoax... Even though most knew something was wrong given nobody answered the phone and the investor relations email was silent.
I've had similar situations With other stocks threads lately of trying to help or point things out Just to be demonized. What's that old saying About, no good deed goes.... If you look hard enough you can find me over on reddit.
P.S. Can anybody else tell me why these custodial Stocks Always tend to jump in price significantly Just a few days if not the day before a custodial court date has been set? Or how to take advantage of that information? Let's see how many of you 8 figure this out.
Why are they holding up posting financials? I can about guess but I'm wondering if anybody else has insight into this. I'm looking to pull some profits off two other early stage rm's And it would definitely be an incentive for me to see those financials to consider putting more in here.
Told you guys to look at a couple the experts over on reddit. Buyouts aren't happen until they prove the extent of this field which means reconfirming Merlin and drilling Harriet. Actually, after the last test results which will result in a couple short term day trade opportunities... This will slip down to a penny or less.
The last PR shenanigansHas just left too many potential volume builders, gunshy. Give it time for The next round of excited newby's and a series of PR's about the new drilling and THEN, buy out hype... And we might get back to that 8 cents or more level. Imagine what your bottom line will be if you can buy the shares for half a cent?!!!!
It showed up on some list For stocks With a lot of Web discussion or higher than usual volume. The CEO of 3 or 4 years ago milked every cent he could out of this and talked about reorganizing it And in a short period of time ended up doing two reverse splits out of nowhere etc. Of course he never considered reducing his own wages during all this Restructuring. He had other past issues too. I thought the company had gone completely belly up.
Why? No serious companies gonna buy out this Pile of krap in that Thief mark Monroe
I was in this pilot crap 3 years ago. What is it exactly that you think is going to make this run?
I honestly thought it had a lower to go 1st but I'm glad the stock is finally working out for Some of you. Be careful, In researching a lot of these recent R m's, Many of them Tend to drop significantly after custodianship and a few go up later. No specific rules to this just kind of random. I've been playing two of the other Omni custodian ships let's start with a "C". One I'm up right at a 100% and the other up about 70%. I Have put tight trailing stop losses are these. They still have another week or 2 to go before the court case so the probly continue to rise till then. Feel free to get In on the other ones as well.
Also,have found a couple other company similar to omni doing the same thing.
$0.27au = $0.21 us. They've only matched the run up of the US from yesterday... They haven't gained any new ground...sorry!!!
Good luck with your dollar per share valuation. These are real listic valuations from a professional in the oil industry. Note that these Best case scenarios are predicated on them still doing a lot of testing and drilling at specific costs and probly won't be known until at least 2022. 10 cents a share on the high side....bahama lololol... I'm sure this will mysteriously get errased too
The best analyses of valuations I have seen are this one pre-drill:
https://www.reddit.com/r/EEENF/comments/ma4c4k/how_do_you_value_88_energy/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
And this one, post drill
https://www.reddit.com/r/EEENF/comments/moohrm/how_do_you_incorporate_current_news_into_your/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
Both are based on what the company claims for its assets without questioning their technical work. My personal view is that 88e are a little “optimistic” because of the positive skew in the distribution of resource estimates. I posted the following on the new sub set up by GeodesRock and which he asked me to help moderate:
https://www.reddit.com/r/3CPG_PetroleumGeology/comments/my43u8/probability_distributions_for_resource_estimates/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
Good luck with your buy out...lololol
If the oil and gas company continues with the exploration and appraisal activities, test drilling locations are determined and either the oil and gas company or a contracted third party (drilling services company) drill exploratory wells. The main objective of exploration drilling is to gain vital information on the type of rock drilled and the fluids it contains. Once exploration drilling has encountered the presence of oil or gas, the appraisal phase of drilling starts.
During appraisal, delineation wells are drilled to define the extent of reserves.
***********Appraisal may take several years to complete and is very costly.************
In certain countries, the oil and gas company may be required to enter into a production sharing contract, which is usually done *****later in this phase******, if a company decides to develop the reserves, based on the exploration and appraisal results.
Once appraisal drilling is carried out, the data obtained is further analyzed to determine whether the reservoir is economically viable to produce, and if so, the geologists and reservoir engineers build models of the reservoir, to further determine reserve volumes which could be accessed through development drilling.
Did you not see how much Lost a of accumulated over the past 5 years... That has got to come from somewhere. They are one more failure away from having this all collapse on them... Not saying it's going to happen but anything's possible. I don't see anybody making a deal on limited results without further drilling.
About your short term pumping attempts... You're right nobody cares
Fantasy of the average short term pumper:
Conoco executive: Let's see, I have lots of oil reserves that I'm pumping, Lots of our own undrilled sites for exploration, Still trying to recover from the financial loss of covid...oo, oo But look over there. There's a small exploratory company that has drilled 5 Wells and not proven a significant oil reserves, The one drill it shows hope they don't have results for the best areasAnd they havent drilled other sites to prove the extent of the field they say is there. I'm going to run over there right now and plop down a multi billion dollar check To buy them out right now.
Reality:
Conoco executive: This little piss ant exploration company thinks they're going to Get a multibillion dollar buyout offer from me With no successful Wells in the past and only the one with limited evidence of success and no further drilled sites to confirm extended oil field... Now there's only a couple of us here the have access or built enough infrastructure to transport this oil and have the resources to buy them out if we should So choose to. My shareholders would definitely Call for my resignation if I made such a deal without more definitive proof and it turned out badly
Of course my other option is... All the losses they've had trying to find oil means there's a good chance they're close to bankruptcy unless they can really prove this larger oil field exist NEXT YEAR. I think I'll call up The only other guys that could possibly Do anything with this oil find An offer to share the spoils By colluding to lowball any deals To get this lease for pennies on the dollars or wait them out for bankruptcy. It may work out I still have to deal with them but it's definitely going to be on my terms not theirs. AND NOT THIS YEAR!!
I got in a right around where it is now at about one and a 1/2 cent. I have posted consistently ever since that time and have let everybody here know that they should take some profits and there are lots of posts in the past of those so called long termers that berated that choice.... The same guys that are now crying crying crying about market manipulation and how unfair was they got holding the bag. I don't recall any of you new posters being here back then and you definitely havent stayed posting consistently if you were. Way back then we heard from a lot of jokers like you guys talking about this stock going to a dollar a share $10 a share etc etc.
It's reasonable to expect this to pump up in the short term based on a little better PR than the krapp they put out That tanked this stock. I'm on record saying I Expected this to run between five-and-ten cents a share until better proof could be obtained. I was right. I told many here they should take profits knowing it Could very well do exactly what it did and I was be rated for it. Once again I was right. If you want to take some short term small profit popping up results Hoping for a buyout given they weren't able to test the best sites and haven't drilled Harriet yet to confirm the extent of the oilfield... That more power to you. I will still wait till this drops after The hype of the results and no big buyout offer. Just don't say I didn't warn you... Given I've been right so far. A yes I still have shares that I will take the benefit If by some miracle there is some big buyout... Most experts in the field don't think that's a reality right now. Most of you are nothing but short Term opportunistic pumpers and don't really care about the best way to make money on this....LONG TERM.
Awfully nice of you to let everybody know that here seeing as you have no position or interest in this company. Or doooo you? Maybe one of you here more connected with the company can make them aware of this and try to get them to push OTC along a little faster. This Will possibly affect future RM plays from now on. It's too badd, You can make good money on these if you play them at the right time.
Not to take away from Ailan, But you really should check out this expert over on reddit.
https://www.reddit.com/r/EEENF/comments/mkzy2x/88_energy_project_peregrine_is_a_two_well/
If you click on his alias you can see his more recent post. This guy and another expert over there are long on 88 but they're also very open and honest about the realities and difficulties of any mergers or what has to be done To get a realistic buy out proposal. His more resent post explains that testing facilities are backed up so it might take a while and is showing excitement about The pantheon find next door. This is one of the guys that says further drilling and testing will need to be done for a Better more complete buyout offer. More than one investor over there that follow him agree that it's unlikely will get anywhere near the highs of this year Or a decent buyout offer. They're hoping to scoop up cheap shares in the fall.
Runs to what? 3cents, maybe 4. AGAIN, Short of a super buy out, There is not enough Interest or hype on the net or volume To push this much beyond where it is now and Definitely not backup to the 8 cent range. After results , that will slowly bleed back down to sub penny. If you are right and this gets anywhere near its highest in the short term... Or in my case at least over 5 cents... i'll sell my remaining shares for a 3 bagger And then buy back in in November. I hope you well on your strategy.
Personally, I pulled out a total of 70%, Some in the fours and some in the 7s. There was a very small group of us that from This beginning price posted here warnings about at least pulling your original investment out at some point on the rise up... Knowing OTC stocks like this have a myriad of potential traps That could Wipeout hypes run up in very short order.
The same group also put realistic expectations on where the top price could get based on a 12 billion share evaluation. There were a number of posters here, Including one of the moderators that berated anybody that dared suggest such things, A moderator I might mention that has moved on and hasn't been seen posting here in over 2 weeks.
It's a little hard to have sympathy for those crying now that didn't fully understand what they were getting into from the beginning and didn't take opportunities to at least mitigate their losses. Going forward, The only way I can see anybody making up losses, Especially those that got in at say above 4cents,.. Is to wait for the eventual price collapse and take advantage of the next round of new investors next Winter that That will buy on visions Of gushing oil and rumors of billion dollar buyouts. That's what I'm looking forward to!!!
I guess I just Enjoy aggrivating those Investors that think by somehow pumping unrealistic expectations of a stock on its investor board will somehow magically make their wishes come true! But seriously, Stocks like this need some sense of validity if It is ever expected to run again Next year.
Every time it gets a batch of new investors Claiming wild expectations of 20cents, a dollar, $10 a share coming soon... And it doesn't happen... The more the stock looks like a joke pump and dump to those that might be willing to give it a Shot as we get closer to the next drilling season.
The fact still remain that short of a huge buyout offer, They're just no longer is the type of hyped excitement and volume needed to run this up anywhere near where it hit its heights. Is it possible one of the big oil interests could want to buy out 88 Before they've been able to make absolute confirmation of the extent of the oilfield? SURE!! It's also a possibility my Uncle is a secret billionaire and is looking to give me all of his wealth. The safer bet I'm willing to make is that this stock will get hyped up again next season.. But the only way you're gonna make the type of 10 or 20 baggers people are talking about here is if you can scoop up the shares at a 3rd of their current price.
Due diligence means looking at all information from as many sources and especially those that has some expertise in the field. There are 2 or 3 really solid experts that post over on reddit That have laid out what a realistic buy out offer would look like and they were also been honest about the fact that a serious buyout would require a more provable existence of a specific oil field as laid out by drilling no less than two but usually 3 Wells within a target area. The proposed Harriet drill site is one of those needed to connect the dots in this potential field. One of them pointed out that companies like Conoco have a lot of their own unexplored drilled sides and have enough current reserves to keep them busy for a while. The collapse of oil prices because of covid have really cut the bottom line of these oil companies and if they are going to take the chance of buying out a potential oil field... It is going to have to have a much greater Body of proof for them to lay out A 10 or 11 digit check. There is also only 2 or 3 companies that have the means and or infrastructure in the area to realistically buy out this oil claim.
I find it amusing that there are so many here that claim their long term interest in this exploratory oil company( Their intentions are never to put together the infrastructure needed to pump this claim) .... Yet at the same time they want to pump the price up for an unrealistic short term Buy out that will be negotiated from a position of weakness. If they truly believe in this oilfield potential and they want to maximize their profits... They would just let this share price fall to a point where they could get as many shares for the dollar they could, And clean up next season.
This stock will move sideways, At best it might come up a little bit until they get these testing results (I'm surprised no one has commented that these results were supposed to have come in like right now and instead we're looking at up to 2 months away)
Short of a buy out these prices will continue to slide in late summer early fall.
Everyone is expecting a huge jump back to 8 or 9 cents. Market makers only Allow significant jumps if it serves their purpose or have some tenative inside information or coersion from companies....OR..... The stock has such an explosive interest due to hype and market volume that they have no choice but to allow it to run.
The initial Cinderella hype is mostly gone And it doesn't really look like there's not much other incentive for them to allow it to run at this time. Even a quick buy out won't instill the anticipated ramp up of expectations like when half the investors in the stock were probably imagining a gusher of oil and a developed pipeline system immediately ready to start pumping all that oil.
My argument is a simple one, Come next year there will be another developed hype, and at that time will also be based on drilling another site in the hopes that a more confirmed drilling region will allow for a better buy out position. It may get hype backup to 6 or 8 cents now...But I would rather see the price drop significantly so I can buy 4 times the number of shares for the next pump that comes next year. Patient investors usually win out
Smart Money knows to take leveraged advantage of the situations they are given now and those they have a pretty good expectation of happening later.
OOOO, What's an exciting day... Definitely changing by investment strategy on this stock...NOT!!
So what changed today?
1) stock moved up a few percentage points after being a little Hgher and 1st.
2)Someone posted some financial information showing the cash position and on going cost of their multiple exploratory operations... Showing some huge losses.
3)Enough funds to do some drilling next year, might have to raise a few more funds. dilution
What hasn't changed since Last week
1) Still have no final lab results on the limited side they have available
2) Probably the better Experts that are over on reddit Have said that a good buy out for an exploratory find is about $3 per Barrel ( Factor in 88 reduced percentages). Main Expert claims you need at least 2 and most likely 3 Wells to confirm a broader oil bearing region. Which they won't have until they confirm Merlin and drill Harriet.
So how does today change our Investment strategy going forward.... It doesn't. So what are our options?
1) You can continue to Invest money at around 2 cents a share hoping for a buy out on incomplete results with no flow test confirmation. Might get 6 cents a share maybe 8 if really lucky. (Still make money on my remaining 30% but Nothing extraordinary)
2) Wait for this to die down and buy back in in the late fall early Winter at close to half a penny as possible... A few million shares compared to a few 100,000 at today's price. From there I see 2 scenarios.
A) They need never to actually confirm Significant oil at either locations but before then the new CEO will hype this stock up or release enticing P r's that will pop this backup to at least the 2 cent range. Worst case, end with 400% return for a couple 3 months compared to 100 or 200% with my remaining shares now.
B) They confirm flow test at Merlin and hit same Results at Harriet And we get a buy out of Maybe 15 to 20 cents a share....20+ BAGGER!!!
Personally I'm choosing option 2B. And just like the Reeses candy commercials..NOT SORRY
Not without stellar lab results. Dead till winter.
Still trying to get up to speed On this RM... But you are right about Failed mergers or even just getting custodianship. It's been my understanding that over 50% Of those in process to be cleaned up for an RM... End up having some hidden debt or other skeletons that come out in the process. Sometimes better to cut and run than try to fix what's there.
Dude, I know everybody is always looking for a basher, But I think you need to re read those posts. My comment about being anxious was a joke. Powerbattles... I'm actually Very serious.. He is trying to get back at me for Bringing some honest reality to another stock we both happen to be in. I doubt you'll hear from him again. I do have some concerns about how long this is taking but I also know That sometimes that's just the way it is. I'm trying to get some verified financials on Agra king. If you have any knowledge I would be grateful to get it
P.S. What is up with this mongoose... Is original post looks like he was all positive and now not so much.
So you think a company That is an exploratory driller with 20 million in cash and no flow test provable oil.. That hasn't drilled enough to judge the extent of any possible find....has to run a pipeline many miles to extract the oil..... Is gonna have somebody Hand them a check for 31 billion dollars???? That would be glorious. Me and Shaq Will sail over to where you're at in his billion dollar luxury yacht and have a nice dinner with you
You may not like this short term but it may give you encouragement for long term. This is from a bullish Expert.
Ok-GeodesRock49
I have read those posts as well and there is no indication of a potential buyer. What would they be buying? A discovery well needs to have many development wells to establish a field - how big is it? ConocoPhillips Alaska is a subsidiary of ConocoPhillips Global. They are a stand alone company and have an annual budget. They have 5-years worth of infield development producing wells that they can drill. They are the largest operator on the North Slope and have multiple Exploration projects sitting idle due to budget constraints. I doubt they would even try to buy -- doesn't add value at the moment. It would have to be someone else. In the meanwhile, if a discovery is made, how long until a pipeline comes into the area -- never for one well.
https://www.reddit.com/r/EEENF/comments/mkzy2x/88_energy_project_peregrine_is_a_two_well/
Enlighten us!! All I know is from the couple experts on the various sites following this stock has said that without a More definitive test Vanna aside core sample on their 2 most promising locations... It's going to be a hard sell until they can prove a flow test. I'm not the expert just going off what I've read. I'd rather be patient and wait for the better site to be drilled in confirmation of Merlin then to take the short term bump off of a buy out Based on a company like Conoco having the advantage In any possible negotiations.
If you are right and we get a huge short term Buyout bump Then I will be the 1st to congratulate you. But I'd rather get a ton more shares cheaper and wait for a buy out number based on better Test and drilling results.
Power Is actually quite a voracious advocate of any stock he takes an interest in. May be if we can bring him over to the "dark side", he will help get this stock off the ground!!!(obviously, dont get on his bad side) ;) I've actually been in here a couple weeks and I'm already Getting anxious...lol.
Dont mind Power, He is just mad because He wants a certain oil company stock to come back off it's 80% loss And he somehow thinks I'm keeping investors away by just being honest(like Ihub Has any real influence over any OTC stock). I'm actually long on the stock and looking to get in big time next Winter..AFTER the price corrects more. I pulled off 70% of profit Before it took the dive It actually put some in here As a gamble. Maybe he'll end up joining us here
The price will go down more??? So why would Conoco buy out 88 when they won't even have the better test results for their 2 more promising Drill locations. Without a flow test there's no way to guarantee viability. If anything it gives them leverage to pay a lot less than they would then if they waited and confirmed a better strike next Winter on Harriet.
This was from a comment from an oil expert over on reddit.
"If a Major paid $3/bbl for recoverable oil in the ground (a very realistic price scenario)"
The one thing you and everybody else should be honest about is that they're not going to get a dollar per share with the information they have now. Remember that 88 is an exploratory company and not a major oil developer.
Go to the 3 year history and I think you'll find some halfpenny trades there.
https://www2.asx.com.au/markets/company/88e
But hey, If the best I can get is .008 then I guess it will have to do. AGAIN, I'll take a buyout bump up now if that's what's in the cards. I honestly don't know why some here are pushing so hard. The hard reality is that short of your buyout, There is just not enough volume or interest To run this up at this point in time.
Quite honestly, I hub plus stock twits and reddit. Even with those platforms, The MMs will never let this move up given its current lack of interest. Pumping it up here all day long is only going to prolong the inevitable.
If you're here adding because you honestly believe there is a buyout that's going to happen in the next month... Then for your sake I hope your right... But short from that, I'd rather wait and buy more shares later because I'm 90% sure this will get hyped up next Winter again.
I just hope those here for this run at the next learn to take profits next time this runs... Especially given it looks like information will be given out At a time where the Aussies can wipe us out before it even gets to the US markets.
Are you just trying to get back at me power? I have to admit I did stick some of my oil company profits in here for fun. If it does end up being a 10 bagger I'm gonna hold most profit for a certain play next Winter, lol. I am Also playing a certain Chinese medical company As a custodial lotto play... May be you can join me on that 1.
I'd be happy with 20 Cents . I fully realize there are tons of potential delays with these reverse mergers but it is getting to the point now where It's legitimate to become more and more skeptical. I would feel more at ease if I could get actual financial statements from the Merging companies as to their Actual revenues, Costs, liabilities at cetera.
I'll just have to put my mind at ease knowing that nobody would ever try to do a scam on an OTC defunct company ;)