88E 0.00% 0.2¢ 88 energy limited

Just gone through all the Q&A good work guys and appreciate the...

  1. 2,349 Posts.
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    Just gone through all the Q&A good work guys and appreciate the effort and Daves responses. Nothing new as expected. The big points are 3D info to be released - soon. Yukon - who knows depends on other farmouts. Western front seems to be an opportunity to kick start us in Q1 2019, this might be our only opportunity to get some money back and finally consolidate a profit for all in 2019. So much unknown and of course when the company knows so will we all know. Sentiment may change again of more optimism. But it has been effected and feel it in the answers. Life in spec coys, god it's a very fine line between success and failure isn't it.

    Certainly market confidence is at a low imo after 2 unsuccessful attempts of IW2 is now having an major impact. So a much longer time frame and lot more wells which have to be funded eventually to ever see 88 being a success and potential to be sold eventually. Unfortunately a lot of time waiting now for us all.

    The HRZ is a unknown on many points but the one thing I got from this was that 88 very keen to continue on this with a farmout, hope it works out but looking unlikely at this stage imo. A little concerned that this is such a priority, one would have thought putting on hold and shore up cheaper lower risk options to increase reserves and sentiment again at this stage. Who knows maybe a farmout will come but I would be surprised as so many specky companies doing basically nothing in Alaska and surely the others looked to farmout over past years without success. Anyway we will wait and watch this space.

    Obviously having multiple wells drilled in 2019 is more unlikely than likely at this stage as so many unknowns have to be confirmed. IE: Farmouts join and of course the limited cash in the bank will play a part.

    So going forward 88 is going to be fairly quiet now and I personally don't expect to see significant SP movement. Maybe a pip or 2 when 3D results known. So my focus is where is our SP going to end up especially as a cap raise will certainly be on the minds of many investors now along with the 30% discount effecting SP.

    So for me plenty of time in rest of 2018 to buy a few more at the low points (biggest challenge, lol) and then exit during 1st well in 2019. Before you say why bother investing here and sell etc. This 1st well in 2019 is an opportunity and who knows when Yukon ends up happening. So we do have potential. Then we have the great unkown the farmouts. So yes we do have upside to make a $$$.

    Unfortunately ATM the icing on top of the 88 cake has melted for the minute and a longer way to putting candles back on, then alone lighting them which may have happened if IW2 flowed but only the hardworking company can change this sentiment, hope they do, they deserve to. Hopefully success comes during the winter deals and positive news comes out to put the icing back on, if not, then it's one well. Not here to argue, just saying it how it is imo. GLTA.
 
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