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It’s all about to go Ballistic, page-61

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Tradeprestige

164 Posts.

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07/03/19

09:58

Post #: 37681304
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Originally posted by docmin24: ↑

April Hopefully today will have some talks with some oil industry experts to get some unbiased clarity from the last 2 announcements.

Read the recent infamous blogs, wish this fella was doing our announcements. He just bought in so he is obviously going to write the way he did. His blog has some merit though and I agree with him re FO/Winx result and for sale sign, but too early to be as optimistic as he is at this stage. All important wire logs is what I want not his over the top ramp.

Not knowing the zone specifics still hopeful but remain balanced today as seen a few wells report similar to this, multiply play/pay zones but only to struggle due to high water issues. Hope this is not the case. Agree the drill might not be in the planned sweet spot but if this is the case can be rectified if indeed we have great proven oil shows later down the track. Not a big issue.

Last weeks announcement was a shocker for me and could have been written a lot better. I was furious the way it represented this drill. Some of my board contacts in other OG coys were taken back as well.

My advice maybe employ a technical writer in future and less is more. Yes the message was clear no oil at that stage but TH and why even discuss commercially aspects of it, not even the primary zones was over the top in my opinion. All that had to be said was no oil show and continuing to our exciting primary /secondary targets. Full bloody stop!!!!

I have no issue with informing market good or bad news along the way of drilling but seriously that announcement was a first for me of any drilling announcement I have read. Anyway that was last week and unnecessarily panicked the market and heaps of shares traded. Time to move on from last week and focus on the business end and that is the all important technicals. Just glad we hit TD. After 2 failed results and the infamous release last week this stock isn’t for the frail and weak is it. Lol.

Will feedback later April if they are not in board meetings etc.

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Doc can we assume you are no longer a holder re your comments last week.

There’s hope for me to sell out at break even or small loss when open. God I hope so. Time to re focus again in my opinion. I have very little confidence in 88 going forward. Way too much damage done re company and confidence now and unless serious changes happen in parts of management, not one single $ I will put ever into this penny dreadful stock.

88E Price at posting: 1.6¢ Sentiment: Hold Disclosure: Held
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