Hey Rossi, At the risk of cutting @olderwiser 's grass, here is...

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spinefx

8,591 Posts.

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14/02/20

19:49

Post #: 42944314
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Originally posted by Rossi70 ↑

Hi Muzzac,

In the past, DW, mentioned, that 88Energy will be sold.
For us to put the for sale sign, a lot thing's have to go our way and luck.

First, we have to drill, the Charlie prospect.
Second, we have to find Oil.
Third, we need to to do production testing in 2021.

Once 88e have a Oil In Place, eg XXXX amount of oil, then you can put an price on, what some one / operator is willing to pay.

In you post above you mention about (

potential reserves have been proven to 2P?), this is correct, but it will not occur till 2021, at the earliest.

The 3, 4 or 5 dollar's a barrel, was mention last year, when DW, was in London and he did the presentation with 88e share's holder's.

If you look at the presentation, dated November 2019, on page 4, it as reference to what Oil Search did back in 2017. (Oil Search Alaska transaction in late 2017 valued 2C resource at US$3.10 per barrel).

http://clients3.weblink.com.au/pdf/88E/02174284.pdf

So that how I came with my assumption's and any thing is possible, maybe some very big oil company, might come along and offer 6 dollar's a barrel.

No body know's what will happen in the next few month's, but it will be a hell of a ride.

@spinefx or @olderwiser, can you please post the link, of the Audio Presentation, that DW, did late last year, for all the new Investor's to listen to.

It will be much appreciated. Thank's.

IMHO.

Regards

Rossi70

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Hey Rossi,

At the risk of cutting @olderwiser 's grass, here is the link to the audio.

https://www.dropbox.com/s/pkn67ubzmq500pc/88e v6 globe presentation 29th nov 2019 3_1_1.wav?dl=0

Much of the thanks goes to @LeMajor for the audio capture.

Cheers and Friday beverages

Last edited by spinefx: 14/02/20

88E Price at posting: 2.3¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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