88 Energy Ltd (EEENF)

[Beauneedsbiscuits]

The price will go down more??? So why would Conoco buy out 88 when they won't even have the better test results for their 2 more promising Drill locations. Without a flow test there's no way to guarantee viability. If anything it gives them leverage to pay a lot less than they would then if they waited and confirmed a better strike next Winter on Harriet.

This was from a comment from an oil expert over on reddit.

"If a Major paid $3/bbl for recoverable oil in the ground (a very realistic price scenario)"

The one thing you and everybody else should be honest about is that they're not going to get a dollar per share with the information they have now. Remember that 88 is an exploratory company and not a major oil developer.