88E 0.00% 0.2¢ 88 energy limited

Better than 50% chance of success?, page-43

  1. 1,021 Posts.
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    You can do all of the research you want but none of it matters, in my opinion it is actually a waste of your time.

    In the beginning DW said they will do their best to fail this project fast and with a minimal amount of expenditure. Well as hard as they tried, the project still continues.

    Not only is the project still going they have also increased the JV leases from around 80k to around 700k acres.

    Additional it is difficult for DW to purchase shares on the market considering the regular news up dates but he did purchase another 2 million shares following the success of IW1. They were not given to him, he purchased them on market with his own money.

    This is a rare stock, the rock they need to frack is sitting in a lab somewhere so it's not like they are doing this drill blindly. So they have they cores and they know their capabilities, my money is backing their expertise and the rock with frack and the oil will flow.

    I'm liking the 50/50 chance of success, the first drill was rated a 25% chance and the results exceeded all their expectations.
 
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