Huge volume today?, page-16

yes I get the comment. go check PANR as a comparator to 88e. The crash of PANR was dramatic and a lot got caught. (I bought at about 12p avg so I did not). I read the background to the crash of PANR and have watched the company since. They have an excellent team that recognizes the importance of shareholders. They regularly do QA investor meet podcasts and the directors have all bought into the shares - They have skin in the game. I'm not pushing PANR but 88e would do well to take on board shareholder concerns and address them. Current Ashley is about screwing the shareholders, there's no buy in. our shares keep being diluted and consolidation will be catastrophic.

Regarding my shareholding my average is 013 so I've lost about $8,.000 if I sell. Not a big loss. The point though is that no loss should have occurred. 1: 88e has paid out $10m on longhorn + $5mill? for work overs that don't appear to have made a difference. 2: They separated the Hickory drill into drill and flow test meaning additional costs to prepare two pads and roads and reset up the rig-They then drilled to the BFF and are not flow testing it (our largest reservoir) despite the need to know what the Down dip flow rate is compared to PANR results. So 88e has spent the better part of $35 million to get two flow tests. Another waste.
Then 88e spent $3 mill on Namibia on an early stage project (Alaska 2.0).

Right now we could have had $50 million in the bank and be funded to do as horizontal at Hickory. In this scenario we would be looking at a far better share price and I would not be posting this negative stuff.

DYOR. - views expressed are my own