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What is 88's Future, page-94

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Kangaroos67

3,120 Posts.

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17/04/20

20:33

Post #: 44110418
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Originally posted by docmin24: ↑

Sadly no matter how any of us see 88’s future. Even the pumping fan club must now have serious doubts. It’s going to be many years if ever, for those who hold to ever see a profit. Creaming the curve my ass!!!

The facts are Charlie is a duster regarding oil same as all the other wells. Gas isn’t going to be economically viable anytime soon so that isn’t going to help us no matter how much spin 88 says imo. Other wells all in wrong spots, read wrong data and this well not optimally drilled with issues. Hello we have a serious problem here and some posters can’t see it. Unbelievable.

With POO Yukon is a complete waste of time and money. So what’s next find another conventional or keep pumping the HRZ. Years away from ever seeing a profit and going to get worse in my opinion. No cash, 1 well a year and this team clearly have no idea of what to do in my opinion.

Sorry guys but we are absolutely stuffed in my opinion. 88 do not have the skills, finances, capabilities or competence to continue the way we have been. God help us in my opinion if this current structure remains.

Changes have to immediately happen in my opinion. Staff have to be released and lock the door till next year. Save costs ASAP. 88 have to go to Centrelink and stop paying themselves from our money. They should repay all bonuses and 69% of all remuneration. The company is one big failure with constant history of underperforms in my opinion.

7 billion shares OMG not pretty is it. If 88 do a consolidation this will absolutely be the death for 88. Imo. Yes it’s a concern for me as well. Commonsense would say no chance of consolidation anytime soon. But this is 88 we are talking about. Look where we are all at, thanks to the leadership of 88 imo. I don’t believe or trust anything they say or announce.

Don’t get me started on the announcements during every well, especially this one, after reaching TD saying multiple layers oil shows. Such BS. I strongly believe they are deceptive and misleading in my opinion, well that’s how I see them all. I am furious. I believe a full investigation into 88 is warranted, too many mistakes and inconsistencies exit for my liken in my opinion.

The only way to go forward is removal of board and management they all are accountable imo and imo responsible in destroying the market confidence and share holders investment again in my opinion. Like many holders I am stuck holding for the minute and planning an exit. Good luck to those who exited. Can’t blame you. Would love to post my true thoughts here but will refrain. All the best to all sadly 88 is just a sheet company in a sheet situation and with a sheet future in my opinion.

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Can't argue with that Doc
What a mess DW has made of this, should've never farmed the last drill without receiving back cost
Was hoping to get out but now stuck like you
it's been several years of frustration here

88E Price at posting: 0.6¢ Sentiment: None Disclosure: Held
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Last 0.2¢		Change -0.001(33.3%)		Mkt cap ! $57.78M

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What is 88's Future, page-94

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