Bill...i know exactly how Oil exploration cos work....88e have a market cap of 700m plus...for an EV of say 700m
exploring in Alaska requires very deep pockets and you need very big results
they have 1 well with 3 zones of 41 feet net pay....sorry...that will not cut it.... that will not be developed too small...ask any petroleum geo in the area!! why do 88e never give development plans??????
you do understand how the stockmarkets work....and how bubbles can appear....this is one right here..... same old Bill ....believes everything he reads with little understanding of Alaskan Oil
obviously those that do their research see that........
Ann: Merlin-1 well confirms light oil with appraisal well planned, page-38
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Mkt cap ! $86.67M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $984.8K | 329.8M |
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| No. | Vol. | Price($) |
|---|---|---|
| 370 | 749364230 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 0.3¢ | 373791206 | 47 |
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| Last trade - 16.10pm 23/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 0.3¢ | 0.3¢ | 0.3¢ | 82042824 | ||
| Last updated 15.52pm 23/05/2024 ? | |||||
| 88E (ASX) Chart |