88E 50.0% 0.1¢ 88 energy limited

Ann: Farm-in to Namibian Oil and Gas Acreage - PEL93, page-57

  1. 5,292 Posts.
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    I am a holder in a junior offshore oil play Namibia and drilling with woodside soon I hope after woodside spent big money on 3D earlier this year... Huge COS, unlike 88 fumbling around with blowing well over $16 Mil they can't afford, only getting 2D which is hopeless and won't drill for another 4-5 yrs away (the remuneration/admin burn would be well over $24+ Mil+, even more if increase the board imo)

    Well, the "88 Lifestyle Circus Merry Go Round" is speeding up now that Policeman Bill, Aussie $500 holdings and paid NI have all pressed the start button, lol, knew they would all surface to pump this, LMAO, so predictable imo.... But they never seem to publicly criticise the obscene remuneration or that the highly pumped and paid research about the wow, successful BFF, that 88 have abandoned flow testing, lol... Yep waste another $16-$18 Mil (only SH's money NOT theirs imo) on doing the little flow test to get 10 Mbo or none and leave the bigger reserves there!!!

    Better money to be made offshore coming soon in Namibia, DYOR as I have, GLTA.... I am done with this company, just flow test and I am out, at least made $$$ today with selling my large 0.005 buys, lol..... Ready for the 0.004c CR......
    Last edited by docmin24: 14/11/23
 
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