As the logging and mud logging have already indicated that oil is present, can someone explain to a complete novice how the well could be a failure at this point? I understand that the oil may not flow but us there a chance they we have just found oily water?
I'm just trying to figure out my exit strategy. I want to hold and am happy to sell at a lower price than this of it fails but I want to be able to sell before the SP drops to sub 2p if oil is not commercial.
This is my first post and I hold a modest holding, I used to trade now and again but got burnt with RRL back in the day. I have done quite a lot of research and used some of the more sensible posters info on this forum to form a view on 88e so I'm happy to hold for now. I'm not a big fan of the Reddit crew but this guy seems to know what he is talking about. Sorry if it had already been posted. https://www.reddit.com/r/EEENF/comments/mfx0rm/88_energy_merlin_1_mud_log_dry_oil_show/