88E 0.00% 0.2¢ 88 energy limited

In addition, Borealis has an option to acquire an interest in a...

  1. 309 Posts.
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    In addition, Borealis has an option to acquire an interest in a further 22,804 acres for a purchase price of US$25Million. This average includes a very recently drilled exploration well by Great Bear in early 2015 ( Alkaid 1) and numerous exploration prospects ª including the Phecda prospect)

    Thats US$1096 an acre as opposed to US$29 an acre paid by 88E
    Becoming very interesting and as Jimbeaux says keep your eye on those OEL announcements and forum as it is a good indication to see whats happening there

    Goodluck to all
 
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