My first of 4 interesting posts on LSE - thanks for comment...

My first of 4 interesting posts on LSE - thanks for comment Kissme.


BB32
Posts: 222
Opinion: Strong Buy
Price: 0.95
Realism and the price of oil
Mon 23:01
This is getting boring listening to the petty squabbles on here the last few days - everyone needs to think a little and get real....

Whilst it is disappointing where the Share price of 88 is today- just look where we are

For several months the price of oil has been going down - for example on 9th Oct Brent was $84.2 today it is $60.284
28.41% down
The share price of all the oil majors have also dropped - so the oil price does matter!

ConocoPhillips (everyone's favourite Company in Alaska) share price on 9th Oct was $79.4 today the price is $64.7 19.5% down

88e was at 1p on 9th Oct today we are at 0.95p so 5% down WHY ARE PEOPLE SEEMINGLY PANICKING?

It has been mentioned that OSH did a deal when oil was around $40 imagine what it would have cost them at $100 + oil as it had been a few years earlier.

Dave has played a totally straight bat, he has said he is trying to get a farm out, he has said he was hoping to do this before the end of the year, well it's not the end of the year yet.... Why can't we all wait and see..

The more exploration going on around us , potentially makes our acreage more likeable to the big boys, with the information that we have in the data room someone will agree a deal ( at $100+ ) we would be more interesting but as oil price is cyclical , the majors factor in cost assumptions at all ranges $20 to $100+ And will have various computations of profit at various prices .. Driving the cost of exploration and production down and moving the industry into more technological savings and reducing supply chain costs means that most of the majors can produce on shore profit even in the harshest of environments cheaper than deep sea offshore..

So called investors talking 88e down ? Get real if you have money invested why would you want to talk it down ?

Lots of news to come and it will soon..

BB32


Just as easy to read on LSE by following the link RSD -

http://www.lse.co.uk/ShareChat.asp?ShareTicker=88E&thread=DF5EACEA-FCFC-4C75-98C1-CACD8B511044

Will post the others if you really want -

Cheers .. Good Luck all

..