88E (ASX) It’s all about to go Ballistic

Originally posted by Pangzi2 ↑

this is my best guessings or hopes:

in 2019:
> winx successful with contingent resource estimated... anything happens related to this well after this can only be good, sell or farm out production..etc Sp would hit 5c - 6c.

> I doubted, a farmout deal will be reached before AK summer to allow further test IW2, uncenventional

> I doubted a farm out on conventional would be reached in Q1,2019, but will get a deal...not sure the condition of how many TEST wells would be

in 2020,

> say two test wells(80% interest farmed out) drill on conventional, both successful, 88e would add at least 450mbbl x $2 = $900m into the MC. SP should be around 20cents - this would be close prior May 2020. If both dry holes, SP would stay 5 cents

> farm out IW2 unconventional, say 1 horizontal well on same pad, exchange 70% interest, successful case, 88e would add at least 500mbbl x $2 = $1,000m into MC. Sp should be around 22 cents.

> Yukon may come play during 2020 Calendar year as well, not sure where this would head to, I personally prefer drill by ourselves.

I highly possibly would be sell out my share prior $0.15 anyway, 10-15 cents is my target range considering Capital gain tax is still 50% discount..if they dropped to 25%, I have to hold bit longer

in 2021.

> sell out all interest of conventional, except Yukon if has not been proven.

> may consider move unconventional into production stage.

what I nice dream!! i talked too much today....my apologies.

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Great to hear your thoughts Pangzi2.

(This is only my thought and no twitter action has been involved in my thoughts )

Does anyone think a possible BUY OUT could be on the cards rather than a farm out?
We are now getting results for Winx, we have conventional and unconventional, there is Yukon 3D.....farm out talks could be taking some time if a large company are thinking bigger picture.

My plan is to tap out at 15-20c, but take some profits along the way if all goes well. The problem is I know I will get this soooo wrong....chances are it will only get to 14c or it might go to 50c and I miss out.

Could a company come in and buy out 88e for a (high) price and we all walk away as winners!
I haven't heard anyone mention buy out yet, so happy to hear your thoughts.
Good luck all

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(20min delay)
Last 0.3¢		Change 0.001(20.0%)		Mkt cap ! $57.86M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.3¢	$146	48.5K

Great to hear your thoughts Pangzi2. (This is only my thought...

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