company isn't lying, when it says it observed traces of oil. If it said the oil column was saturated with oil, and turns out its not, then we have a problem. The problem is you don't understand about oil drilling. Simple really. Dumb investors like you can't understand why shares fall, when oil is found. You need commercial flows, otherwise you lose money. 88e is going to drill another well to hopefully find that. Get your money ready for that, a rights issue is coming your way
Is 88e a Ponzi scheme?, page-77
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Last
0.2¢ |
Change
-0.001(20.0%) |
Mkt cap ! $57.86M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $4.793K | 1.629M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 102 | 102378998 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 574437806 | 231 |
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| Last trade - 15.46pm 28/10/2024 (20 minute delay) ? |
| 88E (ASX) Chart |