* The farm-out process formally commenced for the conventional prospectivity portfolio at Project Icewine with the data room opening in July 2018
*· 3D seismic interpretation has led to a large upgrade to the conventional portfolio with multiple leads promoted to drillable prospects: 2.3 billion barrels of prospective oil resource delineated (gross mean unrisked), 1.75 billion barrels net to 88 Energy
*· Icewine 3D inversion data has delineated additional prospectivity and de-risked the reservoir for proven oil
Icewine Conventional has been de-risked - a very important statement.
This is an example of his misleading statements - 8/10/2018
How many open offer shares to be placed ii (bucket shop)’ My guess 4/500M What price My guess 0.8p
If it’s 500M@ 0.8p this will leave a £1M shortfall. Take off approx £1.5M fees will leave 88e with approx £5.5M for 800M share dilution. Shareholder value? Go figure. All IMO