The problem with 88E is it a shale play?
May well have a lot of oil there but if shale it will have low recovery rates!
There is a mention of targeting a "sweet spot" which is outside/underneath of the shale (30 to 1 shot), only then does this become a bargain. Still possible (but doubtful) and at a 1 cent per share play makes this a good punt, Falling dollar and a idiot Australian Government "driving" "our" economy also helps!
The problem with 88E is it a shale play? May well have a lot of...
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.78M | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.2¢ | 0.1¢ | $44.46K | 35.20M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 307 | 1199858941 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 151348045 | 29 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| 88E (ASX) Chart |