88E 0.00% 0.2¢ 88 energy limited

Ann: Rig Contract Executed, page-64

  1. 4,475 Posts.
    lightbulb Created with Sketch. 1090
    thanks spinefx. exciting times mate.

    spinefx can you please give me your take on a question that is on my mind.

    i am wondering how the drilling partners who put in the $15 million dollars to drill these wells will get pay back on there investment. you and me and directors can sell the shares in 88e on ASX or AIM if we discover oil or at any time during drilling.

    question is how will they make money on this drill. will they on sell there 50% to oil major or start there own oil producing company ?

    whats your take on them. its a pretty big gamble by them as they have to hold all the way to production flow testing. they must be very confident dont you think and there confidence of holding all the way gives me confidence this well has great chance of success.

    cheers
 
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