RE: Greed and Fear3 Jan 2020 10:24
Lti, a very good synopsis of where we are!
88E is, and always will be, an Exploration Company tasked with finding hydrocarbons. To bring us to this point, there have been so many ups and downs. Nevertheless, if everything is to be believed, we are on the cusp of a "transformational" time and in around SIX weeks we will engage in "one of the biggest drills in 2020". We have the evidence, we have the Partner and we have the capability. It is all a question of whether you believe the oil is there, and whether it is Commercial.
IF you believe, then the current SP is very attractive ie up to 480M net barrels @ $3 per barrel. If you DON'T then leave well alone.
The bottom line is that we ALL know the human condition ie I want to make a fortune, and I don't want to be left behind. Personally, I don't have the answers. It is a matter for your judgement and decision making ability.