88E 0.00% 0.2¢ 88 energy limited

Ann: Pause in Trading, page-61

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  1. 2,349 Posts.
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    Not good form with OEL Trading while others in TH. This sends a mixed message to the market. I believe phones calls will be made to OEL and TH will come soon. Sloppy imo. Or are OEL not that concerned and nervous as 88/RMP at the minute.

    So what is the reason for this TH, word result a concern only 2 possible results. Strange isn't it as it's just progress about a oil show or no oil in 1 of several intersections. But the fallout of releasing a progress report to market of no oil would have a bigger impact on SP imo and fall. So being a critical well for 88 whilst FO talks happening etc and SP not moving a lot is on the line for the company going forward. So some here may think no oil in first intersection and need TH so the brains trust can go back and look at 3d again etc. Damage control mode.

    OR

    The other reason yes they have an oil show and want to do calculations over the weekend and produce a detailed report which is warranted. If was a small show then would continue and just report along the way. If a bigger than inspected show then a TH warranted.

    I know it's not Anzac day, so for me its a flip of a coin. GLTA. Hope we have success!
    Last edited by docmin24: 01/03/19
 
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