RE: Share Price6 May 2024 13:39
Oh this is tricky Northface (or is that two-faced?) - believe your assessment as coming from someone who has unknown true oil mining experience or believe our MD Ashley Gilbert who posted this in an RNS dated 15th April 24: -
"Having now successfully demonstrated light oil flow from two reservoirs at Hickory-1 in recent weeks, it is clear that this is a significant milestone in the history of 88 Energy. The USFS success represents the first time that we have successfully flowed oil to surface in Alaska - and under natural flow - as well as being the first time we have confirmed a light oil discovery of substantial scale in close proximity to the critical Dalton Highway and Trans-Alaskan Pipeline System infrastructure. To then achieve a second successful flow of light oil from the SMD-B reservoir, with a low gas/oil ratio, is an outstanding outcome for 88 Energy and its shareholders.
The flowing of light oil from multiple reservoirs demonstrates the potential that this acreage holds for our shareholders, positioning the Company to grow and extract value from Project Phoenix via multiple potential development and commercialisation pathways.”
- tricky decision but you know what, I’m going to side with the known professional Ashley Gilbert and put you in the greenbin - I know I must be mad, right???