Red, totally agree, good summary. I try not to post on here these days as totally frustrated by this company. Surprised 88 didn’t spell the whole picture here as they did during the last well.
This is a waste of money and is nothing but a deflection/distraction from our oil slides, lol, as the oil bpd is bugger all, which imo doesn’t warrant the large cost of blowing our SH funds, yes not theirs, as 88E do not contribute any of their over generous and out of touch remuneration funds to funding any drilling g or land purchases and just deflects attention away from the fact they pay themselves way too much from the funds that we contribute year on year. Absolute disgraceful situation imo.
Why aren’t they announcing the flow test dates (yep another March well plan I see) and 88 keep spending money they can’t afford. This company is so detached from SH’s and reality imo and in a world of their own imo. Just wait for the bad timing of consolidation to come, as again 88 hold no shares from their own money imo so SP doesn’t effect them at all.
I wonder what quality RNS ‘s will follow this flow testing which sink our SP again lol, or even worse destroy this well. So annoyed we didn’t spill the lot, none are worthy of managing 88 imo. I have too many shares and no confidence in 88 going forward. Concerning times ahead imo and then we have another big CR to come. What a sad state of affairs.
88E Price at posting:
0.7¢ Sentiment: None Disclosure: Held
(20min delay)