88E 25.0% 0.3¢ 88 energy limited

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  1. 283 Posts.
    If things go well - I think it's likely going to be around the middle of next year when we will be in a position to get the offer we want.

    -Seismic on the Conventional will be done in the winter. (Hopefully this will de-risk it further)
    -Getting on with drilling 4 follow up Horizontal Unconventional wells has been mentioned by Dave as potentially happening 1st quarter 2018.
    -Then get the Unconventional evaluated and classified as an undeveloped resource.

    After that - everything will depend on what offers we get and the POO price as to whether we wait or not.

    As far as I'm aware we have already been made offers in the past. Dave said if we show them what's under our skirts if we have success at Icewine 2 - then the majors will make offers. They are definitely watching and are aware of the massive potential here. Maybe there could be decent offers after success in July. If there is competition from majors then maybe one of them will stump up something substantial to make sure they get their hands on this before any other major. But most likely, my guess would be buyout on 08.08.2018 when we have de-risked and left more on the table.
 
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