Updated Charlie-1 target valuations Mean/Low/High, page-71

Released MARCH 2020

Link below to download it :

https://ufile.io/lnrprlfw

If you dont mind - 88E is not affected at all by oil price or Corvid-19 in 2020.

They have no plans for production.

They will drill horizontal test producers in 2021. Therefore all that matters to 88E is the price of oil in 2021 and 2022. Current forecasts with Supply Destruction ongoing with current oil prices indicated 60$ in 2021 and 80$ in 2022.

With demand destruction comes supply destruction. Demand destruction can V shape when demand increases. Supply destruction takes years to correct.

It is only, in my opinion, idiots, who strangely think 88E is producing now and so oil price affects them now, who spout such nonsense as oil price affects 88E..

88E is only concerned with 2 things.

Finding oil now that flows commercially at 100bopd from the vertical well.

Oil price in 2021 and 2022 when they start horizontal well drilling and flow testing for future production planning (which is the point 88E sell out).

if you cannot see that, cannot understand that, cannot appreciate that - well, I have no words.