88 Energy Ltd (EEENF)

[Ailan]

Update EEENF Charlie-1 Well:

1) https://www.oilandgastoday.com.au/88-energy-upgrades-net-pay-from-charlie-1-well-confirms-large-oil-discovery/

2) RE: Merlin-1 IF they found 800MM bbls / 2 = 400mm bbls x $4.00-$5.00 (High Quality Condensate Oil) / 12.1 billion = $0.13 per share

3) more wells to drill that are already confirmed to have oil reservoirs, it's just a matter of how large the reservoirs are and achievable flow rates

4) "The reservoir quality is clearly evident to be higher away from the Charlie-1 location, both updip and downdip."