88E 0.00% 0.2¢ 88 energy limited

I'm out after a long-ish ride, commiserations to all holders....

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  1. 191 Posts.
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    I'm out after a long-ish ride, commiserations to all holders. Hope no-one bet the farm on this one, it's put me back 4 months or so, which is bearable but bitter tasting. I personally can't see a happy path forward for 88E from hereon in. My main concerns / reasons for exiting:
    • Peregrine is pretty much a dud, and makes up a large part of their prospects. I can't see anything positive happening there now
    • Umiat I'm inclined to put a question mark over given it's proximity to Peregrine
    • Icewine, whilst close to the Pantheon finds, doesn't look too promising since Pantheon only achieved 59BPD flow
    • Yukon is barely scratched with a lot of work needing to be done to get it drill ready
    • Longhorn is life support and little more
    • The recent CR will see some instos wanting to cut-and-run or limit their losses
    • SH confidence has taken a great hit, and future modest rises in SP will likely see immediate sell offs, capping the price over the next 6-12 months

    GLTAH and DYOR
    Last edited by kjartan: 30/03/22
 
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Last trade - 14.55pm 08/11/2024 (20 minute delay) ?
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