88E 25.0% 0.3¢ 88 energy limited

Ann: Half Yearly Report and Accounts, page-2

  1. 119 Posts.
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    In summary, for long term holders, I think:

    there is a lot of progress to be proud of
    the immediate future of Charlie-1 is excellent
    7 layers of conventional and HRZ to drill and test
    share dilution is more than offset by increased opportunity
    Unconventional FO due to start shortly
    generally our knowledge and understanding of our extensive oil reserves is excellent
    the BoD are fully in control of activities
    zero net debt

    Congratulations are due, they are fighting through complex and difficult situations. Oil above ground within 6 months is high probability.

    Phrontist
 
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