88E 33.3% 0.2¢ 88 energy limited

Can someone please answer how a farm in actually works foruus...

  1. 223 Posts.
    Can someone please answer how a farm in actually works foruus share holders. Giving that the current market cap is appox. $200 mil divided by the 4 bil shares.

    So let's say the prove there's 250 million barrels of oil in the conventional and they use that $45 per barrel price tag. Also $35 cost and 70% as a guide. So 70% of 2.5 billion is 1.75 billion.

    So using these figures what would that mean for share holders. Also thank you for helping this layman understand.
 
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