88E 20.0% 0.2¢ 88 energy limited

You have all gone negative. Pathetic.OK the issue of DWs...

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  1. 119 Posts.
    lightbulb Created with Sketch. 123
    You have all gone negative. Pathetic.
    OK the issue of DWs earnings looks bad whilst seeing the SP drop.
    But IMHO Charlie-1 has been a significant success.
    Still plenty more Lab results in the centre of an oily area.
    Plenty more geophysics and computation.
    Building knowledge base for potential farminees to assess.
    The next FOs should look attractive to potential farminees.

    Umm, something else to mention....errm..ah,
    Charlie-1 at $23m is a nett benefit to 88E/BEX.
    And for sure, that was a DW negotiation.
    Quite an achievement for a first FO contract.
    Still some possibilities of the well producing.
    DWs last few years salary is quite a small cost by comparison.
    I am quite positive about all 4 FO negotiations at various degrees of planning and progress.

    SP should be double, even quadrapel, it's current price.
    IMHO it will be by/during September.

    Phrontist
 
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