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88E

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20.0%

0.3¢ 88 energy limited

It’s all about to go Ballistic, page-134

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JH888

101 Posts.

16

08/03/19

13:28

Post #: 37699303
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Originally posted by Pangzi2: ↑

i m not trading this share..so my focus is more about derisking progress , assuming SP would eventual match the intrinsic value of the business, even with reasonable discount.

at this moment, the next result would provide us the net pay zone size, which would be another catalyst for SP spike, assuming its reasonable(175 feet would be nice within N4&N5 zone). sounds like they are not going to test Torok zone anyway, net pay zone disclosure would be add on to the business...

flow test result is the final part of the puzzle to confirmed the total size of contingent resource, it will be next catalyst.

if they all works better than expectation, the SP should be in 5-6 cents range, best case, 4.5cents worst case..without and positive or negative impact of the FO news or Yukon news(which I think it would be minimal impact anyway).

Expand

the pay zone in Torok will be approx 3 times the size of N4 and N5.
torok will end up a whole separate play, imo.

88E Price at posting: 2.2¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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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

Buyers (Bids)

No.	Vol.	Price($)
98	112188778	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	624427189	225

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 - 10.00am 01/10/2024 (20 minute delay)

88E (ASX) Chart

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