88E 20.0% 0.2¢ 88 energy limited

Ann: Hickory-1 Flow Test - Second Light Oil Discovery, page-86

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    I think this confusion in the RNS, provides opportunity to capital raise at a better price than a clear picture would have allowed.
    Then once a capital buffer is in place, the consolidation will be pushed
    From there the consolidated price will erode sharply
    Effectively diluting current shareholders into minor holders
    Management will gain a significant stake from the 2.5 billion share kitty being created as performance shares
    The reset will have completed to begin again, with a few hundred million shares on issue, and a market cap in line with a new explorer
 
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