88E

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0.3¢ 88 energy limited

Petroleum News, page-260

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Flexmw

46 Posts.

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14/04/20

07:40

Post #: 44022488
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Originally posted by Jimbeaux: ↑

MSD I hope this morning it's 0.004. Knowing my luck it will swing the other way.
Trying to do a Buffett. I haven't got unlimited buckets of cash but managed some liquidity in past weeks...more ass than class. Results of Charley 1 hurt like helI.
To answer your question I haven't got a clue. If I can pick up 88e at 0.004-0.005 then 10 cent may be reasonable next year. Hard to say when though. Too many factors in any equation:
Demand for oil? All our fuel tanks are full and we aren't allowed to go anywhere for 6 months.
Company reputation? DW bagged relentlessly on this forum. Weird AGM, citizen Wall and Evans jumped out of the tumbril just in time. For a minnow with no money 88e has survived so I certainly don't want a bloody change of management.
Still hoping for more definitive results from Charlie 1.
I am inclined to think soft farmout on non conventional
won't stir sp much this year.
Impetus may come from closer neighbours like Pantheon and XCD Energy whereby our neck of the woods builds more acreage credibility like areas north and NW.
This is the " investing in the North Slope strategy" I am always banging on about.
DW believes in it. He is the biggest shareholder in XCD.
Have a look at where their leases are.
I have CNBC NYSE etc on tv as I type. Don't know if I am watching replay or those heathens are actually trading on Easter Monday. If it's real time then I might get 0.004 after all as opening markets not jumping out of the box.
MSD
1.2c may happen soon enough but this may depend for example on salary cut DW takes as he rebuilds reputation. Not in the oil industry but with shareholders generally.
Sorry I took so long to say I don't know.

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Hi Jimbeaux,

Any link to DW being the biggest shareholder in XCD? I’ve been looking through their info but no luck on this.

Thanks

88E Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
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Petroleum News, page-260

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Petroleum News, page-260

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