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0.2¢ 88 energy limited

Looks great - agree with the maths - I am a bit short of cash...

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g64

261 Posts.

03/08/18

13:11

Post #: 34708004
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Originally posted by mike mike ↑

All of a sudden the math looks even more compelling for a large part of the conventional plays.

1.5b @ 5$ pb =6b$ yes, this could be plus or minus depending on how far the deviation is from ''mean price'' with close to 6 billion shares we are looking at 1$ per share= 75p.

All without HRZ shale or the value of Nanahsuk and Yukon conventional leads.

Dw a big thank you from me for not focusing all our eggs in the one shale basket.

For those who think that our finances are too tight, you could be right, and would be right, if we cannot get a farm out agreed this year for one conventional drill for 2019. This is the next key stage..if the art of the deal is successful then finances are no longer an issue. 'Back costs' will be part of the upfront payment plus a premium to cover one drill for multiple high value 3D leads. The Q4 options would then be converted. Finances would no longer be a problem and would make 2019 a most exciting year.

On going conventional drills would be less problematic for a farm out in the western plays.

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Looks great - agree with the maths - I am a bit short of cash right now so happy to sell you mine for 50c

I really really really really hope you are right!

GLTAH and have a great weekend!

88E Price at posting: 2.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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(20min delay)
Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $57.86M

Open	High	Low	Value	Volume
0.2¢	0.3¢	0.2¢	$39.59K	19.78M

Buyers (Bids)

No.	Vol.	Price($)
131	141802810	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	660707008	228

View Market Depth

No.	Vol.	Price($)
131	141802810	0.002
389	1060752334	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	660707008	228
0.004	177103563	110
0.005	52746984	43
0.006	49158903	36
0.007	83202609	25

Last trade - 12.54pm 08/10/2024 (20 minute delay)

88E (ASX) Chart