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Read that also.
"Managing Director Dave Wall has signalled in the past that the sale process for the asset — on success — will start pretty much straight away.
It is important to note that 88E is not aiming to undertake a capital intensive operation in bringing an oil field into production, as it is a nimble explorer that sticks to its strengths."
So whats the SP value of Stella if its sold off?
I reckon the SP is so low as the last drill failure has left a large amount of peeps wary of over hype.
As for the ASX, bushfires and Cvd-19 on the doorstep. Hardly yet to lead LSE.
Ooops - nothing lined up. Need Excel - forget it LOL !!
Comsec Iress is saying - Close Open High Low ( Previous Close - Tuesday ) Up/Down 26/2/20
ASX 2.1c 2.3 2.3 2.1 ( 2.2 ) -0.1
Chi-X 2.2 2.2 2.3 2.1 ( 2.3 ) -0.1
“Managing Director Dave Wall has signalled in the past that the sale process for the asset — on success — will start pretty much straight away”.
From last night - note “asset sale straightaway’.
www.oedigital.com/news/475996-charlie-1-looms-as-potential-company-maker-for-88-energy
With the wagon train arriving at the terminus, we might be spudding before the weekend. Looks like ASX still suffering from 'flu, but volume is so small it hardly matters.
Good shot LeM. Ski holiday!! Haha thats our boy.
WAaussie, could not find that photo of DW & PB on wiki but......
https://www.hartenergy.com/exclusives/ice-road-drillers-27611
I thought Eric was on the pic but I suppose someone had to hold the camera.
-4.5% on IG
Dont know if its hot copper playing up but it says 0% today low of 2.1 back upto 2.2 so level playing today.
Maybe im just being thick :-) haha
Final market trades meant we closed at -4.5%. Dammit, I'll hang up my typing gloves and go have a cold shower :)
Apologies, I stand corrected. We opened at 2.2c had a high of 2.3c, low of 2.1c and closed back level at 2.2c, so a trading low of 4.17% or there abouts.
Nordic3 now onsite days the annual report!
We opened at 2.3c and have a trading low of 2.1c so a drop of 8.3%. This has now recovered back to 2.3c and the market closed 3 mins ago.
May have been an error ignore that
I was looking on advfn was saying 12% down
? It's 4.5% lowest of the day
12% down in Aus now something not right there surely thats massive
Yeah but bad management has got us too this stage. Your right Wa, no confidence from current and future investors.
IMO investors now want to see results, as do shareholders, bad results plus CR have put us where we are now, if this fails DW should resign.
As we keep saying though, hopefully the drill bit comes good and this SP will be along way off and we will be rolling in money
Now it's 2.1c ahhh
It does appear that way. It's a funny world. Maybe some internal changes need to be made. Not sure but faith and trust is not at an all time high. Admittedly world factors not helping either.
Lse and asx seems like are not buying into the size of the drill.
Chi-x. Bid on asx 2.1c
Hotcoper saying no change in price 2.2c..
Maybe its delayed?