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33.3%

0.2¢ 88 energy limited

Good luck and all the best, one less poster I have to read about...

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Singa71

517 Posts.

28/03/16

12:20

Post #: 17368170
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Originally posted by trimilleniad ↑

This illustrates my point well. We are not dealing with carbonate rocks (as described in the article) with HRZ but with clastic rocks and the "permeability superhighway" is a buzzword that has been taken completely out of context to sound good and hype the stock.

My original point is that we are in the very early stages of this play and accordingly a $200m market cap is not justified IMO.

Generally speaking, the shale plays elsewhere have taken a long time to work out the geology and engineering. It is all about finding the sweet spots and otimising the well engineering. We only have one spot so far with no idea on whether it is sweet or not. It will take probably 100's of millions of $$$$ and a decades to work out.

This will be my last post as I don't hold this stock although I will continue to follow the story with interest.

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Good luck and all the best, one less poster I have to read about the negatives especially since they don't hold. Things are looking up.

Well big week with quarterly due, survey results then the big one for me IRR. The easter after party is worth the wait, just before Anzac day would be truly Australian indeed.

88E Price at posting: 7.2¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 0.2¢		Change -0.001(33.3%)		Mkt cap ! $57.86M

Open	High	Low	Value	Volume
0.2¢	0.3¢	0.2¢	$94.39K	46.29M

Buyers (Bids)

No.	Vol.	Price($)
151	157963448	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	585749288	237

View Market Depth

No.	Vol.	Price($)
144	157326701	0.002
383	1020772335	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	565749288	236
0.004	178966422	115
0.005	54661269	45
0.006	50258903	37
0.007	35208775	25

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