The problem with 88E is it a shale play?
May well have a lot of oil there but if shale it will have low recovery rates!
There is a mention of targeting a "sweet spot" which is outside/underneath of the shale (30 to 1 shot), only then does this become a bargain. Still possible (but doubtful) and at a 1 cent per share play makes this a good punt, Falling dollar and a idiot Australian Government "driving" "our" economy also helps!
Dave Wall phone interview Proactive 27 August 2015, page-5
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.78M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $59.97K | 28.45M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 385 | 448921908 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 577454273 | 149 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| 88E (ASX) Chart |