88 had a couple of wasted attempts in IW2, wrong location and huge mistake made by company after 1st failed well. Now all of a sudden they now have a possibility of oil. Not holding ones breath, more like clutching of straws and trying hard to cross promote another companies success. As the companies reputation imo is not good and a growing list o dusters is all they have come up with.
88 is just deflecting due to multiple failures from multiple drills, IW x2, Winx, Merlin x 2 etc. IMO company doesn't have the right skill set and quality personnel to find oil, then alone to get it flowing anytime soon. Circus continues and yes another CR will be coming.
What's interesting to me is what is going to happen with the Biden restrictions for 88 Drilling in 2023 and it also appears that 88 imo are totally clueless of what they will drill next year, concerning for me to even see a 3rd attempt at IW, they like to waste money and can see SP going sub 1c again.
88E Price at posting:
1.2¢ Sentiment: None Disclosure: Held
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