88E 20.0% 0.2¢ 88 energy limited

Ann: Trading Halt, page-72

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  1. 5,329 Posts.
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    With respect to you and others I totally understand all about the oil/gas industry and delays. In most onshore cases it’s just life but we are in Alaska and a very narrow window to operate. This irked me as last year the drill broke and they couldn’t complete then alone get oil to flow.

    This failure caused to abandon and importantly stopped a huge SP rally which would have gone well into the teens, so we all missed even more massive gains. It could happen again to drill over 8000ft, run wire logs etc etc all in 4 weeks no room for error and we are again using the same drilling team who haven’t had any success previously. Doesn’t in still a lot of confidence does it.

    As people have stated on here and say anything can happen in the oil industry. Exactly my point and with such a small window now, is imo unacceptable after a year of planning. I expected better. Just saying. All the best to all and in any case top up time at 30% reduction isn’t a bad thing before the crazy ramp boom time which will follow $$$$ to all.
 
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