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0.2¢ 88 energy limited

500million acres indeed. 500000 perhaps.

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Jimbeaux

574 Posts.

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16/09/19

19:02

Post #: 40442013
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Originally posted by Jimbeaux: ↑

Laz, this must have taken a lot of work. I find it more useful than other options posted here lately.
I thought your earlier comment about how much bandwidth DW had to raise money was an excellent way to describe that issue.
I certainly support current management. As far as the Premier farm out is concerned if 88e ends up like Great Bear did with Halliburton that would be disappointing. HB one of USA's biggest drilling companies drill a few holes then sit on their butts for 20-25% over GB's 500million acres. Perhaps there were boardroom machinations at play with GB as it crossed the Delaware (not too sharp on conspiracy theories but I think that's when they dumped Ed Duncan's body overboard).
Establishing an oil field takes big bucks and at least 3+ years as our neighbours have shown.
If 88e ends up tagging along with 20-30% interest in the JV as it moves into the next stage, then that would be one solid farmout deal.
Thanks for your excellent and well measured posts.
Jimbeaux

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500million acres indeed. 500000 perhaps.

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

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Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $57.86M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
5	4275000	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.1¢	28310	1

View Market Depth

No.	Vol.	Price($)
6	4575000	0.002
440	1201825248	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.001	28310	1
0.002	8131644	7
0.003	661617575	224
0.004	219175962	107
0.005	58285042	47

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