Believe they will hit some good amount of conventional oil in early 2019 as their drilling spot is right next to the already discovered oil field with similar rock structure, then selling it to get some cash. I think 88e from now on should focus on conventional to get some cash (or cashflow) to keep the company going, before looking at the shale oil again later. Last few year 88e is a small prey trying to eat a predator.
Their large acreage of land is the wealth supports the share price, a bit more dilution for conventional is acceptable.
Believe they will hit some good amount of conventional oil in...
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Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $57.78M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $15.57K | 6.090M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 247 | 357247800 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 616017987 | 229 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| 88E (ASX) Chart |