Australia's largest stock trading and investment forum Australia's #1 stock forum

88E

Click for more information

0.00%

0.3¢ 88 energy limited

Icewine FO the Big Fish, page-4

First 4 Last

Share
Profile

Follow
ponyboy

992 Posts.

15

16/03/19

10:58

Post #: 37783312
Share

Originally posted by kenjikool: ↑

Hi All.

I was in RMP and luckily (?) sold 1/2 at 10c to protect my capital. Doing the research for a non oil investor I also decided to invest in 88e as i knew this had more than just Winx. I sold out of RMP at 2c but kept this as I didn't think it was a risk to do so. I'm at 1.9 so not too desperate but my question is, what is the FO going to be worth? Like I said I'm a newbie here, but the FO looks promising, but I must say, so did winx.........

Expand

I guess we can only compare it to other farm out agreements in the area

Winx was farm out anticipated a cost of about $15m US (Dry Hole) for a gross meanunrisked prospective resource volume of 400MMbbls and a geologicalchance of success in the range of 25-30%.

This gave Great Bear a 10% working interest with an option to buy back in following the result

I guess the real question is can 88E do a better deal? My confidence is waning otherwise a deal would have been done long ago.

IMO our farmout will result in significant dilution far more than what some on this forum is expecting

88E Price at posting: 1.5¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 25 more messages in this thread...

First 4 Last

Add 88E (ASX) to my watchlist

(20min delay)
Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $57.86M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
95	111865058	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	622595119	224

View Market Depth

No.	Vol.	Price($)
392	1227558997	0.001
0	0	0.000
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.002	5375412	5
0.003	578667432	226
0.004	223019047	110
0.005	59085042	48
0.006	35128234	35

Last trade - 09.33am 01/10/2024 (20 minute delay)

88E (ASX) Chart

Day chart unavailable

Fatal error: Uncaught ErrorException: session_write_close(): Failed to write session data using user defined save handler. (session.save_path: ) in /data/vhosts/test/hotcopper-git/upload/darkhorse/vendor/zendframework/zend-session/src/SessionManager.php:236 Stack trace: #0 [internal function]: Application\Service\AppManager::handlePhpError(2, 'session_write_c...', '/data/vhosts/te...', 236, Array) #1 /data/vhosts/test/hotcopper-git/upload/darkhorse/vendor/zendframework/zend-session/src/SessionManager.php(236): session_write_close() #2 [internal function]: Zend\Session\SessionManager->writeClose() #3 {main} thrown in /data/vhosts/test/hotcopper-git/upload/darkhorse/vendor/zendframework/zend-session/src/SessionManager.php on line 236