8 reasons to Buy 88E, page-4

I’ll make you happy and correct you :
1. WRONG. Multiple failed attempts at IW, and Charlie 1, so not only focused on Merlin.

2. At this stage pretty much given up on those areas hence XCD take over.

3. Merlin is by no means will be considered tier 1.

4. Dave’s departure has no relation to success or failures of the drilling outcome. So you are saying DW knew in advance that the drill results will be a success! How is that possible?

5. US has been creating (not actually physically printing) money for decades, called QE, which helped US economy out of the 2008 GFC and didn’t have much affect on its currency value.

6. US produces close to 7 billion barrels per year, Saudi Arabia and Russia each produce about 4.5 billion barrels a year. Do you think 88e’s few hundred million barrels would make a dent in the global over all production figures! Don’t think so.

7. Not sure why would China pay more for oil and what’s that has to do with Merlin and 88e!

8. 88e is not an oil producer and years away from that even if it’s bought out, so super cycle or not has no bearing on 88e sp.