88E 0.00% 0.2¢ 88 energy limited

All 3 conventional projects are really really good.. With very...

  1. 1,767 Posts.
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    All 3 conventional projects are really really good..
    With very high possibility of success...
    So definitely worth placing a punt at current levels and into a possible drift downwards over the coming month or so.. in anticipation for q1 2019 drilling... i think at least 2 drills, maybe up to 4 or so

    If they are successful in getting some cash back in an icewine conventional farmout..
    i am starting to think, maybe best to use it (cash) for a yukon appraisal well rather than hrz horizontal, seeing that the latter is way more complicated for 88e capacity..
    Cos appraisal drill on top of historical discovery and 3d over yukon, would mean the 3 buck per barrel (and higher) valuation kicks in, and could potentially be monetised...
    Whereas the ice2horizontal may still not come up trumps.. so best to farm that out and let those farmout resources cover the ongoing experimentation with the hrz...
    Then.. if you add in a horsey discovery with some form of icewine conventional discovery.. then 88e would be in better shape than ever...
    Definitely worth accumulating or hanging on to

    Just my thoughts...
 
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