88E 0.00% 0.2¢ 88 energy limited

88E Charts, page-134

  1. 313 Posts.
    lightbulb Created with Sketch. 48
    not that easy cash
    assuming 400mbol, sell at conservative $2 pb = $800m revenue for the consortium

    but to 88E it is net only 144mbol right?, so $288m
    across the 6.5bil shares
    approx $0.044

    at $3 pbol
    approx $0.058

    but who knows what could happen on the leases if they do hit this oil
    other opportunities it will generate - eg Yukon could be advanced quickly with the cash

    and this will generate SP value above the raw calc of cash in the bank
 
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