For those looking for a bit of drilling insight, when a spec oil play looks to partner up i.e Farmout for a drill, they do so in order to hedge there bets. An understandable move if they're unsure of or lack confidence in the play.
Alternatively, if choosing to go it alone as is the case with this particular 88 drill, then it clearly demonstrates there confidence in a successful campaign. Hence covering all costs for all the reward.
No guarantees in life. Was glad to see they were going it alone. Being in such close proximity to Pan and with 3D, selecting a farmout partner would've been easier than in past years. A confident move.
LSE tonight, page-14163
Add 88E (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $72.33M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $5.009K | 2.249M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 47 | 96266624 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 600926597 | 231 |
View Market Depth
| Last trade - 15.56pm 23/08/2024 (20 minute delay) ? |
| 88E (ASX) Chart |