88E 0.00% 0.2¢ 88 energy limited

88E - Family to hold for a year or till drill?, page-12

  1. 5,265 Posts.
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    Lets put it this way. All the sophisticated investors that got in at .037 are now getting out with a nice quick 25% . Those that remain are taking a chance on a successful well result. Before the result is known there will likely be hydrocarbon shows , which will have a positive effect on the shareprice. From there it will all depend on testing and flow rates . The wrong result will see the share price go down like a pricked balloon .If you want to play the odds you would bail out of most of your shares but keep some just in case it is a very good result. One word of caution though, American companies have been going over Alaska and the lower 48 with a fine tooth comb for a hundred years or so, and then some Aussies come along and think they will be successfull where so many others have not. Nearly always ends in tears. Good luck.
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