88E 0.00% 0.3¢ 88 energy limited

i still have faith, page-21

  1. 5,219 Posts.
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    I totally disagree, this is not a do or die situation only for short term traders imo. Only thing is if this well is unfortunately a dud, then the register will be even more diluted after another cap raise as SP will be much lower than DW was hoping. But that's life. Either way funds will be easily over subscribed, confident of that. We will drill more wells but conventional would probably be the next and wouldn't be surprised if the west well delayed a bit until this area proved first.

    We still have a well with 1-3 BBOO, we do have a potential very large oil highway, great structures etc, if by chance this well is off the highway then they will quickly focus and get back on the road and away we go again. Remember PB has sunk his own money (significant amount) into this project as we all have. Always support a company when the bosses use own funds, that's a boost of confidence to me.

    We have a huge area and plenty of oil is there, we just have to be patient and success will come, if not in 2017, surely by 2018/19. I just hope in 18-24 mths time we secure a huge oil field and sell to highest bidder. That would be my expectation, but sadly sometimes expectations are not met. That's the big unknown risk! Happy to wait and enjoy the CGT benefit. We all have our opinions and in time we will all know the answer. GLTA.
 
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