88E 25.0% 0.2¢ 88 energy limited

Hi docmin,there might be something there might be not. Who...

  1. 660 Posts.
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    Hi docmin,
    there might be something there might be not. Who knows...

    What I know is that the market has its own rules and you know that for sure as well.
    This time the SP doesn´t move prior drilling, last time it did, next time (if there will be one) it might move again. Who knows...

    I try to see it that way: The SP significantly moved up prior IW#2 drilling and the results went definitely not satisfactory.
    This time the SP does not move up, so may be the results will be much satisfactory or even worse than last time ;-)

    I guess the main issue is that in this waiting period which is very boring for all of us our minds start thinking too much what could be.
    Fact is, they are going to drill. If it is going to be successful nobody will take care for the SP development prior spud you know.

    Fact is, they obviously are in contact with interested partners for FO - both conventional and unconventional. Even if they would not be in the advanced stage of negotiation as they expected to be, ok, that would not be according plan but it is not cancelled completely I guess.

    It might be that many short term traders expected a good move upwards prior spud and to sell with a good gain before results. Now they have to realize that nothing happens SP wise prior spud. So no opportunity to make quick money this time. I guess this also affects the current SP.

    Just some thoughts. I have to go to work now while you all in down under started weekend, right. As 88E shareholders we all deserve the weekend

    Good luck to all and stay healthy - thats still the most important thing....
 
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