88E
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50.0% 0.3¢ 88 energy limited

Ann: Operations Update, page-318

  1. malmanu
    16,292 Posts.
    lightbulb Created with Sketch. 746
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    27/06/17
    18:49
    Post #: 25523061
    Can't see this project go ahead even if the oil is proven imo.  The margins are just not there and may never be there. Those getting out now may be the smart ones.

    88E fully diluted value current $287m for 77.5% ownership of Icewine


    Modelled breakeven oil price for success case
    Current oil price approaching US $40

    Who is going to fund this sink hole with low cash post Icewine 2 drill hole.

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    88E Price at posting: 5.3¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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