things I have learnt on my 88 journey (just a few)
1. it is damn hard to get oil out of the ground , COS is low even with 3D
2. SP will rise lead up to drilling programs
3. timeframes are long from Aquire land to 3D to analyse to drill to prove and sell
4. only thing certain is dilution and unexpected delays
5. there Is high risk but high reward
based on these I will be selling on the rise to Winx, protect my initial investment and risk half of the profits
If they get the farm out deal done It could change it.....
as a farmout deal with 88 getting some cash upfront could allow them to advance Yukon to end Q2- this would be ideal and mean we don't have a stagnant year
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