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0.3¢ 88 energy limited

I totally agree. setting the right expectations first will help...

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Fridayme

1,903 Posts.

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30/12/19

02:00

Post #: 42158263
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Originally posted by Proselenes: ↑

I believe thats the point currently - there is nothing in the share price for Indigo, Charlie and Lima. Everyone has to be fully aware these are being drilled sub-optimally as the drill is optimal for Stellar targets.

However, even in sub-optimal locations it will prove the presence of oil or not, the reservoir quality etc... so it will greatly derisk a future well into them in optimal locations and it will allow some value to be added to the share price in the event of success. The full value of course will not be added until a further optimally located well is drilled into indigo, Charlie and Lima.

That was one of the points of my post - to emphasize the top 4 targets are all sub optimal locations and so - dont get any hopes up for them however, be aware of the potential value should they be good or encouraging for a future appraisal.

The more everyone is informed, the less chance for wild unwarranted swings in the share price.

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I totally agree. setting the right expectations first will help the sp in the long run.

88E Price at posting: 2.1¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 0.3¢		Change -0.001(16.7%)		Mkt cap ! $72.23M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.3¢	$89.48K	30.08M

Buyers (Bids)

No.	Vol.	Price($)
1	1500000	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.2¢	1687589	2

View Market Depth

No.	Vol.	Price($)
1	10000000	0.003
426	820500865	0.002
113	576384049	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.002	3558973	3
0.003	354167987	46
0.004	528437816	208
0.005	186980731	97
0.006	74929609	69

Last trade - 15.59pm 24/05/2024 (20 minute delay)


Last 0.3¢			Change -0.001 ( 0.00 %)
Open	High		Low	Volume
0.3¢	0.3¢		0.3¢	21649341
Last updated 15.47pm 24/05/2024 ?

88E (ASX) Chart