88E 0.00% 0.2¢ 88 energy limited

Ann: Merlin-2 Well Reaches Total Depth, page-262

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  1. 113 Posts.
    lightbulb Created with Sketch. 116
    Don't forget next door neighbour, Pantheon, which has just PROVED UP over 1 billion barrels. And it will flow.
    88E will be able to drill into that field as their lease covers an excellent chunk of it.

    When PB died it all started to go wrong with 88E. He would have continued drilling Icewine.

    Once people realise the success of Pantheon, the SP will reverse and steady. Merlin2 is too isolated to get anyone excited and is OK as part of excellent reserves for the future but certainly not commercial for some years. Most of the contractors who took payment in shares appear to have sold out by the 18th March.Another red flag was how Wall reduced his holdings as well.

    I have traded this share for some years now and have sold off just about all my holdings and placed that cash into Invictus and MAY.
    I believe the seismic will significantly improve COS at IVT and if it hits it's prospective targets we will all be going crazysmile.png
    The remaining 88E shares I use as trading stock and am praying now that the selling stampede continues for a few days yet so I can buy back in if it falls below 3cents.
    But that good news from Pantheon will soon get around!
 
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