News: 88E 88 Energy Ltd Announces Placement To Raise A$6.75 Mln, page-57

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Boston007

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16/09/19

13:26

Post #: 40437070
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Originally posted by Phrontist: ↑

What does share dilution mean?
It means, BoD raise capital by selling new issue of shares.
But have little benefit to the company and shareholders.

What is shareholder expansion?
Over the 4 years, 88E shares in issue has doubled.
Gaining continuous developments towards becoming oil producing business.

Look at some progress gained:

Land under lease about 4 times increase.
Conventional reserves added to unconventional reserves.
Total likely reserves risen from 1.2bbo approx to 4.5 bbo approx
Major technical investigation into HRZ report, discovering Icewine 2 holdup reasons.
We now have answers that we can act on, hence 'Level 8 HRZ' on Charlie drill.

Major Seismic data assimilation into computer based digital models of our land mass.
Major geology / computer analysis using powerful computers and expert staff.
Creation of Data Rooms for both Conventional and Unconventional client examination.
Data Rooms are standing up to intensive examination by actual and potential FO's.
Both Data Rooms are ongoing to qualify and extend reserves potential for years to come.
(This is sometimes referred to as Intellectual Property which can have high $ value).

Conventional FO comits $23m to Charlie drill program in swap for conventional oil payment.
The oil payment is about 10% of our potential resources.
Much of our land has yet to be explored.

88Energy is a strong, resilient business. No debt, massive oil resorcesefficient use of money.
Moving forward step by step, learning from some hard lessons.
We are about to let Genie out of bottle.
Shareholder wishes will come true.

Phrontist DYOR

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Why then did the Share Price decrease on both the Farm-Out and the Capital Raising? Even remains low at $1.3 cents?

There is no problem with the leases potential, but there appears to be a problem with the financial management.

The problem of financial management is what is being propagated on LSE and ASX Hot Copper; where expenditure is excessive and the strategy, if there is one, is being viewed as impotent by the market.

Bos

88E Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
4 Upvote

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Last 0.2¢		Change -0.001(33.3%)		Mkt cap ! $57.78M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.2¢	$20.35K	7.617M

Buyers (Bids)

No.	Vol.	Price($)
135	201474331	0.2¢

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Price($)	Vol.	No.
0.3¢	597640393	190

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No.	Vol.	Price($)
134	191474331	0.002
307	1120161451	0.001
0	0	0.000
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0	0	0.000

Price($)	Vol.	No.
0.003	577640393	189
0.004	213934784	110
0.005	76531713	57
0.006	119976039	41
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News: 88E 88 Energy Ltd Announces Placement To Raise A$6.75 Mln, page-57

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News: 88E 88 Energy Ltd Announces Placement To Raise A$6.75 Mln, page-57

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