88E 0.00% 0.3¢ 88 energy limited

Ann: Operations Update, page-250

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  1. 617 Posts.
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    Getting the oil out is not the problem they do it all the time. The 13 billion shares is a problem. My opinion is this company won't be running the oil field. This is a buy out opportunity in the making. The big guys will buy this out and I think that's why Dave pulled the plug. He wanted to build a company and its taken to long to get what Dave needed to get the share price high enough that he could make real money from a cap raising.

    I have held for every drill 88E has done and I took some huge profits to be free carrying from 0.018. but I'm so close to taking the rest of the profits. Even if we got oil the share price will be held down by the amount of shares. If we hit oil it will be a good week next week but long run you can hold till someone buys the lot.

    This is all my opinion not advice and you all should seek financial advice if unsure.
 
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