88E 33.3% 0.2¢ 88 energy limited

Plan B is conventional. The permits indicate that they are...

  1. 2,113 Posts.
    lightbulb Created with Sketch. 1436
    Plan B is conventional. The permits indicate that they are testing the two named conventional targets in the Seebee formation - which is above the Hue/HRZ. The business case for that exploration is independent of the current HRZ flow testing. Which to me, means that Plan B (in deed if not in name) will be pursued whether or not 2v flows. If 2v doesn't flow, it is more than likely that funding for Plan B will be from farm-in as I can't see the SP being strong enough to support a meaningful CR by end of year. I do not understand why a potential conventional farm-in partner would be dissuaded just because the unconventional has not yet been made to flow.

    If 2v does flow then Plan B gets absorbed into a more substantial Plan A and the funding options are plentiful and relatively cheaper.

    So while I am confident that the fine-tuning is a positive development, I do not believe we can read too much, about 2v, from the uncovered Bravo and Charlie drilling plans.

    All IMO only.
 
watchlist Created with Sketch. Add 88E (ASX) to my watchlist
(20min delay)
Last
0.2¢
Change
-0.001(33.3%)
Mkt cap ! $57.78M
Open High Low Value Volume
0.3¢ 0.3¢ 0.2¢ $36.62K 15.35M

Buyers (Bids)

No. Vol. Price($)
621 874601304 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 509937628 127
View Market Depth
Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
88E (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.