88E 0.00% 0.2¢ 88 energy limited

Ann: Pause in Trading, page-78

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  1. 2,349 Posts.
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    I have given up "on making any sense" lol.

    But with SP not getting any traction during this drill and FO still in apparent discussions. 88 has a lot riding on every announcement of every step of the way regarding this drill. The market is nervous, investors not as confident as once were since IW1, re 88 these days and any tell it straight news will have big impacts.

    So they act cautious and investigate to give more accurate info hopefully calming the market.. But the big picture is intersection prior to TD reached. This intersection is a nice to have but the TD is the end result imo. That's the money zone. Just look at other wells in Alaska, none stopped at first intersection and produced.

    Any way LSE will give a better picture if no news prior to them trading. With leaks, tweets etc looking like oil found.
    Last edited by docmin24: 01/03/19
 
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