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0.2¢ 88 energy limited

Thank you kindly for your detailed evaluation really appreciate...

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766 Posts.

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14/02/20

13:10

Post #: 42935018
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Originally posted by Boston007: ↑

There are several considerations:

Capitalisation = Share Price x Shares on issue. Currently, 7,100,000,000 shares on issue x $0.023 share price = $163,300,000 capitalisation

Lets say, the drilling shows 400,000,000 barrels of oil to 88e, which is valued at $3.50 per barrel, then 400,000,000 x $3.50 = $1,400,000,000

Reflected in the share price = $1,400,000,000 divided by 7,100,000,000 = $0.20

But there also other assets, such as: HRZ, Yukon, and other.

In essence , it is the value of the assets, valuations vary depending on the technique employed, divided by the shares in issue. However, there is usually an overshoot in the price due to: competitive bidding, heightened expectations, and emotional factors. I would expect a price range between $0.20 to $0.50, clearly depends on the drilling results and subsequent valuation.

The constraint on the share price going ballistic is the number of shares in issue, but $0.40to $0.50 would be good for me.

Bos

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Thank you kindly for your detailed evaluation really appreciate it.

88E Price at posting: 2.3¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $57.78M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.2¢	$16.30K	6.975M

Buyers (Bids)

No.	Vol.	Price($)
187	302725810	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	584013469	213

View Market Depth

No.	Vol.	Price($)
186	292725810	0.002
295	1060035459	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	564013469	212
0.004	250758149	104
0.005	74685046	58
0.006	116096039	39
0.007	24406369	26

Last trade - 15.58pm 17/07/2024 (20 minute delay)

88E (ASX) Chart