88E 0.00% 0.2¢ 88 energy limited

Ann: Non-Renounceable Rights Issue, page-59

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  1. 1,767 Posts.
    lightbulb Created with Sketch. 95
    Potential sp positives coming soon..

    -yukon 3d confirmation.. although it may be more of the Cascade prospect being shown rather than discovered oil.. however the historic drill is smackbang in the middle of that seismic anomaly (in presentation)..

    -icewine conventional farmout by yrend..
    At current deals arpund the industry, i would expect at least 2 drills freecarried for net 30% to 88e.. looks like drills in 2020..

    -winx.. at least partial disvovery..

    Good yukon numbers should give it a kick to maybe 2.5 to 2.8c with 6.3bill shares on issue
    Then decent farmout maybe push it past 3c to 3.5c mark..
    Then how high it can get in leadup to winx drill is anyones guess..
    But on winx success case, i would expect 10 to 12c to be hit..

    I havent mentioned anything about hrz... but if they do actually farm it out and successfully flow it via horizontal, then would expect a 10 to 12c range to be hit on that..
    So still plenty of potential from now to mid2019...
 
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