88E 0.00% 0.2¢ 88 energy limited

Laz... contingent resources at winx and or definitely at hrz if...

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    Laz... contingent resources at winx and or definitely at hrz if reentered in summer 2019.. so within 12mnths.. likewise production in hrz from same work and timeframe..
    Yukon contingent resources kindda guaranteed ?? With 3d confirming historic drill discovery ??

    I believe thats where contingent resources, reserves, and production will come from..
    Predominantly hrz.. but then yukon and lesser extent winx..

    In general winx looks fabulous.. nxt to horseshoe discovery with similar anomaly and also anomaly similar to nearby tarn/meltwater... if one had to pick a highest probability exploration drill, then such circumstances are really fabulous...

    Going from there.. will already have ice conventional farmout by xmas??. looks like on entire acreage.. i expect full freecarry on 3d seismic coverage in 2019 for remainder of acreage plus freecarry on first two drills in 2020.. with net 88e 30% bex 10% or so... maybe done in 2 phases but i think the ground is already so good (re:western conventional work sofar) that a farminee wouldnt bother with a 2stage option..

    Yukon looks like itll confirm 2c contingent oil
    But the question is.. will the 120mmbo figure previously stated cover both Yukon and Cascade area or just the yukon anomaly in recent presentation? Meaning Cascade prospect could deliver another similar amount of oil.. at least.. )

    If farmout for conventional includes cash paid for backcosts. And it should!!.
    Then no need for cap raise until 2020 at earliest..
    Then yukon to come in positive..
    These items i expect.. so sp should have higher base level... 2pish or 3.5centish..

    From there if winx is a discovery.. i expect a market cap of 750 to 850mill to be touched at least.. meaning 13 to 15c touched at least on a top of intraday spike...

    Therein would lie the question.. does dw do a decent cap raise so not needing to flog off too much of hrz.. or does he just farmit out without such thought.. my expectation is hrz should be farmed out only if 1000 usd per acre minimum can be achieved.. etcetc... and only if give away 25 to 30% or so..

    In the meantime i do expect 88e/bex to be applying for more nearby leases in dec sales (if thats when they are).. maybe some 20 to 60k extra... )) for hrz and conventional.. all shall be revealed ))
    Last edited by Meso1973: 13/09/18
 
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