88E 0.00% 0.2¢ 88 energy limited

Ann: Charlie-1 Confirms Large Condensate Discovery, page-117

  1. 5,251 Posts.
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    I hope you are correct If 2-6tcf then it is a commercial discovery. Might walk away with no lose. But none of us actually know what the reserves are. Simple converting oil expected to gas is so unrealistic in theory yes in reality no.

    Companies have to test and confirm before releasing unproven statements. It’s deceptive atm in my opinion. We might not even know the gas we have until next year. Just wished they had the equipment to prove the resource. What a waste of a drill imo. The rest is pie in sky at the moment. Just like the huge HRZ. SP indicated the reality we are in can’t see it changing until 21.

    Company has to release a detailed plan ASAP of what they are going to do this year.
 
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