RE: Eric opstad29 Apr 2020 09:02
Spinefx
I did already, it just amuses me people write these kind of posts. I can not get my head around this move by 88e, XCD have nothing planned going forward for 2020/21, reliant on a farm in to progress at all, the current climate surely means they are on there knees also, so why offer a premium for them? who benefits?....
From 88e’s website: Strategy -The company’s goal is to build a successful exploration and production company that delivers material benefits to its shareholders and contributes to the development of the regions in which it works.
Production is the only way for us to grow organically, why are we not looking ourselves into farming into an existing producing well, not necessarily Alaska, non operational, get the income coming in, then fund the exploration! I know funding would be needed for this, but is this not the time for some potentially good deals for us about? Let’s all be honest, what on our own has been achieved these last two years drilling seasons? Winx.. joint venture out of no where, Charlie 1, fully funded by PMO, so why haven’t we been doing anything of serious value creation running alongside these, these last two seasons? A changed approach needed?...