88 Energy Ltd (EEENF)

[Tessa89431]

I personally believe that a big player in the oil industry will buy out the rights to 88E’s land so they can recover and produce the oil. For how much, I’m not sure but I’d have to hope for at least a few billion dollars, given that whoever produces the oil will be making the $60+ dollars per barrel when they sell the final product. Obviously you’d have to subtract operating costs from their revenue to figure out the profit they’d be making off of 3.4 billion barrels. But with 3.4 billions barrels X $60 per barrel, that’s $204 billion dollars in revenue. Even with 75% of that revenue going to operating costs, that’s still $51 billion in profit, so I’d hope 88E would see at least a few billion if they were to be bought out. In summary, I am a new investor and have no idea what I’m talking about, just spitballing numbers here.