88E 0.00% 0.2¢ 88 energy limited

Ann: Hickory-1 - BFF Maiden Contingent Resource Estimate, page-24

  1. 494 Posts.
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    And that's how you get fooled. Why would you drill a hole to do a flow test and not do it knowing that if you test above it the hole will be sealed.

    well Before you answer they can do it later, they have no hole it's sealed. Oil is there but is it viable on flow?

    Also we paid $13million US for this hole and we could of paid a lot less if we had only drilled to SFS. Why?

    Also what happened to the Kupruck below BFF they suggested that would be done later.

    You can't get a company to do a horizontal if they can't confirm flow imo.

    Another CR coming then a big CR to fund the horizontal (if successful). At this share price we'll have close to 30 billion shares out. Reconstruction then dilute again - toilet paper.

    DYOR I have! Pity.the leases are good, but as Doc and some others say it's become a lifestyle company - not doing good by shareholders imo
 
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