88E 20.0% 0.2¢ 88 energy limited

DocI think, 'unfortunately' you are right! The Board and MD has...

  1. 123 Posts.
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    Doc
    I think, 'unfortunately' you are right! The Board and MD has totally mis-managed 88E.
    - As Olderwiser opines the only reason they would not flow test BFF is if their confidence is low that it will flow.
    - They don't have money to fund a complete flow test incl horizontal if necessary. This idea of CR to cover just one well per year is sheer stupidity. Now with nothing to show on the ground, they can't CR or have to raise at .004 or at best .005 and wait for the dumpsters to dump the share for the next 12 months.
    - As Redbeard comments, I cannot fathom their distractions with Longhorn and Leonis. If Hickory is promising wouldn't logic dictate you focus on that? Unless it is not promising as they say it is!
 
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