88E 0.00% 0.2¢ 88 energy limited

Ann: Trading Halt, page-68

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  1. 247 Posts.
    lightbulb Created with Sketch. 31

    So lets the speculation begin (or continue).... here is what I am expecting - also read as "would like"


    Monday Anns should read -  full take up of options and $10mil banked

    December Anns of farmout deal done, some upfront cash is part of the deal for back costs (enough for 1 drill + contingency and analysis costs)

    Early January Anns of Winx operations plan and milestones expected to get the year started and remind us all after Xmas/NY festivities

    Mid February Winx drilling ops updates start

    March Anns the analysis on Yukon Gold is complete and they plan to use the cash from December farmout for a drill in Q2 - maybe with a partner to co-fund and de-risk us burning all our cash.

    Also in March is the full Winx completion results and next steps re:this well


    Think the rest will depend on Winx result and farmout progress and possible Yukon Gold drill


    Going to be fun 6 months on the 88 wagon, glad I took the options to support the company, cant wait to see our potential turned into performance and return for many SH here

    have a great weekend all.


 
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