88E will never extract them imo - the plan is discover them and then sell them. Early stage discovery might get 4$ a barrel prospective resources - if appraised then can push perhaps 6$ to 7$.
I expect a bid to come in fast if the Stellar targets are good and flow test at the required 100 barrels per day target - my view - PMO will make a bid to buy out 88E with an all share offer - take the whole company. All share offer (not cash), allows them to offer a better deal (higher effective price) that 88E shareholders might accept.
ASX Today, page-12451
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.86M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $31.76K | 15.34M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 14573501 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 473268494 | 221 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| 88E (ASX) Chart |