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rfarfa.. it would indeed be good if we had a few dollars in the bank..perhaps it would be a good idea to get a few dollars in the bank before we spend any more

Is this a Joke?? 88 Bidding for more land?? 50K??
This cannot be true? if it is somthing is seriously wrong.. We have several irons in the fire already.
The last painful money raising excercise was more than most of us could stomach but that was a neccesary evil to keep us afloat and able to deal with current challenges for the immediate future.
If this is true its like a gambler robbing from his wifes purse to put a bet on. If this is true its not business but gambling with shareholders money I only speak for my self but to me this is not what I signed up for

I must admit I was worried about the negative impact of the cash raising scenario, Im now pleasantly surprised by the raise above par in the current price, Personally Im not subscribing to the currency exchange point of view.
We now have money to keep us going for a short period of time, We have several fabulous opportunities to come up with the goods. If we do (and DW assures us that its happening) have a good farm out that should secure our future to enable us to develop all the other opportunities to fruition.
I understand how the faint hearted feel as my average is 2.65p and im not complaining because I understand the risks. We can make a lot of money or we can go bust. If you are not prepared to lose everything this is not the place for you. As Clint Eastwood once said Are you feeling Lucky ****?

43 Million Currently Traded, Price going up, HAPPY DAYS

Mrfprice... I don't feel the need to invest in the Red hand gang as we are already in business with them. Why not try another company and diversify your portfolio

I found it to be very heartening even though we knew most of the facts already it was nice to see them as positive bullit points. All it takes is a bit of luck and we can all do very well indeed. The farm out is key to both our survival and success and it has been made crystal clear that farm out by end of 2018. Sounds good to me

Mikemike I'm happy with the situation with 88 and my back garden unfortunately I'm not creaming the curve unless you count garden furniture. Im just saying how it is about the land. We're here for the billions of barrels of oil. All the Oilers know where the oil is but they want to get it from the place that is cheapest and most cost effective... Is that the land Leased by 88?

Mikemike you are talking about land from the point of view of the oilers. They are only interested in proven easy to get money making oil. Otherwise l can sell shares in my back garden. Want to buy some?

I do not understand why so many people are shocked by this it's an aim share and a rights issue from a company with no assets and earning no money. Its only when things start to happen with the farm out etc with real money that the company will have stability and income. Until then expect more of the same

Next time we need to raise cash let's hope we have a decent price like 20p

Nice to see the price above 1p l was expecting a few days of. .95p to 1p until the new shares settle down

Thanks mikemike l wasn't aware of that. It was a bit if a shock looking at my reduced portfolio value this morning

If the shares are temporarily suspended how come the price has gone down

Got to be the farm out..

Hope today's good news carries on

The Australian Price of 0.24 Aus Dollars equates to roughly 1.3 Pence how come we are 1.2 - 1.25 p

They say its always darkest before the Dawn. I had prepared for the worst. I have invested a considerable amount of time, money and belief in 88 but I must admit I have planned for a worse case scenario by deleting 88 off my share and property portfolio to see what life would be like after 88. I am one of the fortunate ones. Life would not change for me because I understand the risks.

But today is a new day, belief is back all the 2.4 million share my wife and I own are in ISA's
Instead of writing the shares off we now have lottery tickets again I think 42p makes us Millionaires
Personally im going to start top slicing at 4p but thats just me

Well it seems that the words yukon gold really are magic after the latest RNS abra kadabra alakazam.

88E Bolsters Multi Billion Barrel Oil Resource: Farm Out by Year End?
PUBLISHED: 06-11-2018
Investing in global oil majors such as Woodside (ASX: WPL) and Oil Search (ASX: OSH) is one way of getting exposure to the often-lucrative oil and gas industry, given both companies are producers and have multiple assets.

However, whilst not risk free, smaller oil explorers such as 88 Energy (ASX | LSE: 88E) can be much more leveraged to success given the potential payoff if they can discover large volumes of oil.

Currently capped at just A$100 million, 88E is exploring for large scale, multi-billion barrel oil resources across the North Slope, onshore Alaska, and the company is gearing up for a significant amount of activity over the coming months.

88E has just bolstered its conventional resource size at Project Icewine, and now has 2.2 billion barrels net (gross mean prospective resource) to its name – not counting its mammoth unconventional portfolio, which also runs into the billions of barrels of prospective resources.

When it comes to prospective conventional resources, 88E’s 2.2 billion net gross mean prospective resource is more than any other ASX listed company that we could come across.

Given such a large prospect portfolio, 88E must be closing in on a farm out deal for its conventional asset at Project Icewine by years end.

Aside from Project Icewine, 88E has a stake in the Winx-1 well, slated for drilling in February 2019.

The drill target is immediately adjacent to and a direct analogue of the Horseshoe 1/1A oil well drilled in 2017.

Horseshoe is part of the billion barrel plus Nanushuk oil play fairway – one of the largest conventional oil fields discovered in the US in more than 30 years.

We will soon see if 88E and its consortium partners can contribute to yet another discovery on the Slope in February.

88E has a history of being able to deliver significant gains for investors when entering into a high newsflow period, regardless of broader market conditions – and with a potential farm-out by year end followed by high impact drilling, we think that history has a good chance of repeating....

The Alaskan North Shore is considered one of the most prolific petroleum provinces onshore USA.
The region has produced 16.8 billion barrels of oil to date, but in 2017, recoverable resources increased six-fold in previously ignored shallow formations, totalling an estimated 5 billion barrels.

Understandably, the North Slope is undergoing somewhat of an exploration renaissance lately and heightened M&A activity.

This interest is ongoing, but has already led to a number of major transactions including Oil Search’s (ASX: OSH) $850 million entry to the North Slope, ENI’s purchase of Caelus Energy exploration acreage (for an undisclosed sum) and ConocoPhillips’ (NYSE: COP) asset swap with BP combined with exploration success and development.

Aside from 88E’s own activity, seven exploration and delineation wells in

Having read the article, I cannot understand why the shares are not six pounds each already. After all we own all these billions of barrels of oil at least thats what I believe the article is saying