88E 0.00% 0.2¢ 88 energy limited

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  1. 247 Posts.
    lightbulb Created with Sketch. 31
    We have "potential" alot of it (~1.5 MMBO) - market values this at 2-2.5 c (SP)

    What are the next steps as accelerant on SP ? (after profit taking and fomo subside)

    We need a farmout partner with favourable terms - 'ok' terms will do fo first well (SP +10-20%?)
    We need to drill (+ 10-20%)
    We need to recover oil (+ 300%)
    We need quality oil (+ 100%)

    The last 2 are the major kickers to start the party.
 
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