Update is necessary, page-21

DW is one of the largest single-person shareholders of 88Energy.
My understanding is that he bought some shares personnally and some is through share options over last 6 years.
I don't recall details of his holdings and options.

But for simple maths, I suggest he has 50 million in hand and including 2020 options.
At A2.2c this equates to A$1,100,000 (approx £600,000)

Based on Charlie-1 conventionals, should this SP rise 5 times say, then SP = 11c (6p)
And his holding = A$5,500,000 (£3 million)

This suggests to me that his motivation is very high for success of 88Energy shareholders.

Should 2020 year go well, then another 10 times growth by 2025 is very likely IMHO.
DYO Maths. 88Energy will be a great Long Term Investment. )))
It is obvious to anyone, DW is stearing the company best as possible for oil strikes and follow on business activity.
The positioning of Charlie-1 is the work of much endeavor by many people at great cost to 88E.
The drilling of Charlie-1 is funded by PMO with Operations handled by 88E Sub (AEA)
PMO's past experience and staff experience (many top people there) have spent much time studying our Data Room and anything available on this part of Central North Slopes. And they chose to invest heavily in this project with options on more work on our leases.

Icewine 1 was a success.
Icewine 2 was 75% success (my estimate)
Winx-1 was a failure (but we had no involvement in selecting drill position)

We are small Exploration Company.
If Charlie-1 is reasonable success, then 88Energy is doing great.
If Charlie-1 is complete failure, look North East to Yukon.....
But 7 layers and HRZ in a known oily region is a risk most of us think worth taking.

Is DW or BoD interested in short term dealers? I doubt it.
Is DW and BoD responsible to Short term dealers? No
Is DW and BoD responsible for long term SP growth and profitability? Yes

Phrontist