88E 0.00% 0.2¢ 88 energy limited

ASX Today, page-11259

  1. 1,910 Posts.
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    During ice1 there was share rights issue..
    As ice1 came closer to initial results.. the sp was dragged down severely to 0.6cents well below issue price of 1cent.. obviously previously being much higher than even that level..
    As ice1 results rolled out.. over about 4 to 5 weeks the sp got to 8.2c

    The lull period was similar feeling to now.. but then it was over a much longer time period..

    Am not expecting proper reservoir connection in next announcement yet.. if on mon or tues..
    But possibly some further comments on the residual gases coming up already... as they mentioned in the last announcement when they began the winter shutin..

    I do feel that the sp will be dragged down even further, based on no oilflow but waterflow (=fracc fluid) terminology..
    If it happens, we will just have to be patient and get thru the lull which might last another week or so..
 
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