88E 20.0% 0.2¢ 88 energy limited

LSE tonight, page-12536

  1. 12 Posts.
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    Hello friends, greetings from the other side (American).

    About to retire for bed and decided to hop on to quickly read all the sentiments again. Interesting takeaways, all valid points. A few, very ludicrous. Especially the “infrastructure” argument. Come on…really? You thing a whole team of engineers, accountants, and heck even lobbied farm-in partners are not going to take all that into consideration before such a pursuit? Let’s be realistic. ANYTHING at all the team can do to mitigate those things that can be controlled, they will. The one and only thing that can be controlled is already set in stone from the beginning of time, and we are yet to find that out- presence or absence of commercial oil.

    And trust me, that is the most important variable here.

    Once that has been established, there could easily be a buyout by COP right next door, etc.

    88E and team has had several failures. Yes, we get it. BUT:

    ·As a long term investor, are you at the point where you just want to make up your initial capital and peace out, and not be a part of this success story, or perhaps failure? You know what…I’ll probably just give them one last shot. They are in Alaska for Christs sake. So many proven theories about the abundance of oil. Next door neighbors just made bank. Heck they even convinced some American farm-in partners to fund this which must have taken a lot of guts. You know what, imma give them one more shot.

    ·As a short term investor, all you want is some huge profits within days? Probably not. I for one would wish there’s a pullback prior to the news being released (if positive) so as to scare paper handed folks away. Then, we can consolidate and get ready for the actual run. Oh wait...perhaps that’s what we see happening already? Perfect!

    ·As an American, one thing I can most definitely assure you of is that IF everything happens according to plan and oil is hit, this would quickly be followed up by a buyback of shares, and perhaps a buyout follows. Who knows- I don’t. BUT, DW put in his resignation…possibly a hint.

    Goodluck and all the best.

    Last edited by scratches2k5: 16/03/21
 
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