ohhh no investors have already booked in the BMW M4
good luck to all 88e investors but i really feel this could sting badly....already a $350m market cap so it has priced in massive success
1) Location - too remote - will never work or will require billions or a partner...88e may be left with only 10% WI
2) COS is 37%...market has priced in full success already!
3) Unrisked Mean of 645 OIP - recoverable oil is probably only 30% so that's 100mbbls recoverable in a remote location...cost per barrel due to location will be high
4) 2D seismic - not even 3D!!
5) will need multiple wells and that costs big
6) did I mention the location!!
ohhh no investors have already booked in the BMW M4good luck to...
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Last
0.1¢ |
Change
-0.001(50.0%) |
Mkt cap ! $28.93M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.1¢ | $199.0K | 99.54M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 324 | 1147945493 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 601285123 | 228 |
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| Last trade - 15.59pm 06/09/2024 (20 minute delay) ? |
| 88E (ASX) Chart |