88 Energy Share Price (88E)

Actions speak louder than words IMHO. The company has largely sat back and watched the share price drop post the flow test results. They were happy to raise money at the lowest price in years post flow test results. These are not actions of a company aghast with the market's reaction to 'successful' flow tests.

If they indeed think the reaction was unjust a few puff pieces from Next Investors et al was not the defence required. They could quite easily have scheduled a webinar to give a summary of their findings and support the share price a little more. They didn't even add additional commentary on last Friday's further information RNS.

Moving to the resources from prospective to contingent is not an assessment of commerciality. Likewise claiming a farm out process is underway doesn't mean anything, remember the Yukon farmout out.

Many will want to see some 3rd party modelling to demonstrate commerciality. If you apply the company's guidance of 6-12 vertical flow rates to even the peak rates I think you are struggling to be commercial.

Skippy

Entirely based in data, the 4 barrels from the SMDB and the 24.8 from the USFS, with 1.45mcft of gas

These are poor numbers, and even poorer for the brevity of the oil cut periods of 16 and 14 hours

The 70% frack water recovery means these flow tests are well into normalizing, the decisions to stop before achieving sustainable flow, answers every question an investor needs to know

But your opinion has no basis in data. You have extrapolated an opinion to fit the data rather than extrapolated from the data to build a model of the potential. You can accuse the company on 'spin' if you want to but it's hard to see how 88e could release any option without you choosing to address it in a negative way.

Investors do need to be aware. This is a high risk investment. BUT you do need to be wary of wise men bringing strong opinions which meet an end - its not being done for our benefit. You have no reason to post on this board other than to try to influence the SP. Clearly the hundreds and perhaps thousands of posts you have created have an agenda otherwise there is no reason to do it. Unless you are mad - which you are not.

Skippy, if thats what you think, then the spin worked.

Time will unravel it

Older, makes more sense ;)