88E 0.00% 0.2¢ 88 energy limited

Potential Farmout

  1. 574 Posts.
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    I thought this a more appropriate caption than "potential takeover bid" based on:
    1  Drilling permits are for 2018 not 2019 (I don't stand corrected I wuz plain bloody wrong).
    2  88E is doing 3D seismic for A and B wells.
    3 88E has funds for this.
    4  Owning the seismic allows stronger negotiating position to farm-inee (or is it the farm-inor)
    5  88E uses multiple farm-out deals over next 1-2 years to build up to similar current stage to Pika, Horseshoe areas.
    6  88E does better farm in deals than Great Bear. (Halliburton has 25% across all GB leases a leading drilling    outfit is sitting on its arse).
    7  DW's strategy is not to dilute the asset.
    8 Equity 5 billion shares not an issue.
    9 Re 8 Use your slide rule Select an acquisition price – $US1.3 – US$3.1 per barrel.
    10 Re 9 pick your own slide rule co-efficients and factors...... how many acres ...how many barrels ... what is the price of    oil....is trump really a billionaire ( if we come close to finding out the trumph then he nukes NK to distract us POO  goes through the roof as well as all of us btw) Now where was I??????
    11 Has 88e got enough money in till after 3d seismic. Already organized.... players in wings with fxxx off funds.

    Breaking news!!!!  Halliburton and that John Wayne investment fund ( Red sumthin) crosses the Delaware and buys out Great Bear Petroleum  Alaskan interests . just kiddin
 
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