Oil Search drilled 3 winning wells in a row. 88E just did not hit the right spot with Charlie-1.Both XCD and 88E need cash to drill. Both need to farm out their assets. Both will probably need a CR in the next 12 months. Both will have to wait until 2021 before any drilling commences. If you are looking for exposure to oil exploration in Alaska and you wish to pay 50 times the goodwill after stripping out cash ($40m compared to $800k) by punting 88E compared to XCD then be my guest. Its your money and this is something you can definitely trust me on - I couldn't care less.
XCD Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
