88 Energy Ltd (EEENF)

[powerbattles]

ELKO crew drilling bought 360,000,000 shares from EEENF as a “round of funding”. This never happens before. ELKO has been drilling for over 50 years. No way they accept shares as payment if there was no oil. Furthermore, they bought the shares at 1.8 cents per share about 200% higher than a few weeks ago. Why buy now and not then? What do they know? Logic tells me they are on the verge of discovering oil in the next few weeks.

Additionally, 88 Energy entered a share subscription agreement with ELKO International, one of the major contractors of the operation
Under this ELKO will be issued 360 million shares at 1.8 cents per share

https://themarketherald.com.au/88-energy-asx88e-completes-surface-hole-drilling-at-merlin-1-2021-03-22/

Elco Drilling Founded in 1961 by Richard Ludwig Sr., ELCO Drilling has continued growing and adapting to meet the increasing foundation needs of our clients. Our longevity is a result of working hard to meet our client’s needs whether an individual home foundation or a large scale operation. Based in Colorado and Wyoming, ELCO Drilling provides efficient service to the Rocky Mountain Region with quality deep foundation drilling and stabilization; and are able to safely address modernized, advanced structural designs. ELCO Drilling has successfully completed projects in Colorado, Wyoming, Arizona, North Dakota, Utah, Montana, and New Mexico. Your foundation needs will be met with focused personalized service and dedicated expertise.



http://www.elcodrilling.com/about.html


"Logging while drilling and mudlogging will provide initial indications as to the prospectivity of the well during this part of the operation, which is expected take three to five days."
https://clients3.weblink.com.au/clients/_88energy/headline.aspx?headlineid=61025501

An update could come any day now!