Future of "lifestyle" - oil/gas stocks

I fear many of our poor performing lifestyle junior ASX listed Oil/Gas stocks may become yesterday's news like 88, ROG etc etc, even BRK with multiple producing oil finds and earning great profits, still can't get the SP moving. All these and many more poorly performing coys are all sitting on 50+% losses in past 12 months. So, my fear is that we may not see further 500-1000% SP gains from this lifestyle sector as investors bail imo!

Market sentiment is low and even Reddit has moved on, as no one cares about 88 any longer, only those who hold, just look at poor voting turn out and 88 even don't have any institutional or large investors and its board won't even buy shares, they don't want to waste their healthy remuneration even in this imo, lol... Time is almost over for 88 imo due to a combination imo of appointment of new MD and the bad RNS's, decisions and PPP over past 2 winters has severely impacted on 88 going forward imo. Sentiment and momentum is a low point now imo!

Most investors have held 88 for last 1 -2 wells as SP failed to move and many like me just want to exit out of this stock and sector during this flow test, given the rise of the critical minerals for the EV sector. So why would people be bothered to invest in 88 after this flow test? Further dilution will certainly continue, 1 well a year with 10 months of doing nothing which only collapses the SP will also continue, then we will face the dreaded consolidation at some stage, who in their right mind will want to get caught holding when this happens (doesn't affect the board as hold no on market shares imo), especially if SP stagnates again or even worse the well damaged or failed to flow?

We invest to make decent profits and watching the SP collapse from 1.4c to 0.006c, how can we seriously expect 3c, 4c, 5c+ being a valid SP outcome from a simple flow test. I can't see this happening, at best maybe 1.4c-2.2c. Our past history and the apparent new MD approach imo will impact long term investment as I see it imo.

88 even with these oil shows, after so many failures, still has yet to successfully flow oil and given they have previously damaged wells before, we can't seriously celebrate and expect healthy returns from this flow test and future drills imo as market is moving away from risky oil plays, especially costly offshore and remote Alaska etc, imo. Now 88 waste money on old oil fields producing small amounts of income which doesn't even match the management $500-$600k over generous burn rate a month in remuneration. Name just 1 junior paying this type of remuneration for 1 well a year and then hibernating imo, I can't name any!!! BRK doing great stuff and producing oil on mainland USA, a cash cow, still can't get a SP to recover even after buy backs. What serious chance does 88 really have?

Then we have the obscene remuneration paid, board holding no shares and the out-of-control SOI, which has to be consolidated at some point, BUT when will it ever be a good time to do it, is a major concern for me as the SP will get slaughtered under this management imo by going off past decisions made. So much at risk here going forward imo, so I seriously see the end of these types of companies attracting investors into the future.

I am planning to exit out of this sector over next 8-10 months and I bet I am not alone. Just an observation and something to consider guys as so many better minerals to invest in as I see it going forward. GLTA imo!!!!