88E

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0.2¢ 88 energy limited

:rolleyes: So the obvious question appears to be : Has anybody...

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Bill Gates

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05/07/17

08:48

Post #: 25669710
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Originally posted by Investor Guy ↑

DW definately can't win here. He has announced those things but most of the dumb money who do NO research and are just after the next get rich quick scheme are the ones yoyoing the share price. What's the saying about a fool and his money .... exactly!

For the record I trust DW 1000%. He has always shown us that he knows what he's doing, is going about things in the most efficient and value adding way, and allows shareholders to freely communicate with him if they have concerns. Nobody should suggest he would deliberabity tank the share price. That's not fair on him. He has 10s of millions of options so his gravey train is getting the share price up period. Flow rates will do that.

Give things time. Things are on track. For the dumb money please read: DW MAY announce soon that they will close in, use a coil tube and throw some nitrogen down the hole to artifically lift. These are very very common practices with unconventional wells. Nothing is wrong with employing these standard practices. My take is this is a first of its kind of well so they are delaying using this and thus gaining knowledge about how the play works for future wells. You know those 1000 that'll hopefully pump out more oil then that monster to the north. This well is just about learning the way to frac this beast as it is flow rates and time and patience is needed. The rabbit doesn't win the race here ... the turtle does.

So slow 100% water flow back seems to be just what we want. And this is changing in composition slightly... both from what i read as good signs. Eagle Ford has a low % frac juice return before oil shows and just perhaps we are nearing that magical moment when the oil starts to show here.

No one likes a yoyoing share price. I hate it just as much as everyone. But the truth is we will know soon and I've bet the house on black paying out and I don't believe I'll be loosing that bet.

DYOR though. Until results we will just have to put up with MMs, dumb money and the moronic derampers who just want a lower share price for their own gain. All diseases of the investing world unfortunately but something that we can't help.

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So the obvious question appears to be : Has anybody contacted DW for any clarification on this latest announcement?

If so, could they kindly post it please?

88E Price at posting: 4.8¢ Sentiment: Buy Disclosure: Held
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:rolleyes: So the obvious question appears to be : Has anybody...

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:rolleyes: So the obvious question appears to be : Has anybody...

Top Stories

Buxton projects new graphite province discovery at WA Narryer play

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

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Buyers (Bids)

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