88E 0.00% 0.2¢ 88 energy limited

ASX Today, page-65

  1. 2,349 Posts.
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    Big difference is OEL is producing oil 300000 barrels oil a month in gulf Mexico and drilling again in August US. More advanced than us at the moment. RMP will fall again during this year.

    Both these 2 companies announcements are presented in my opinion more up beat than 88. That’s how I read them. We no longer are pleased to announce. Also they have a good cash balance sheet compared to MC.

    All 3 coys are clearly different and can’t compare each other.

    We have to drill wells to restore market confidence again simple as that which has been tarnished after 2 attempts.

    Hopefully Dave gets a few ticks in boxes in coming months otherwise we will continue to trend sideways. Plus the unknown cap raise at some point. That’s how I see it as Q1 is many months away.
 
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