88 Energy Ltd (EEENF)

[AUhills]

I think this is 88 Energy beginning to transition from just a oil exploration company into a oil exploration and PRODUCTION company. Instead of just "farming out" the Peregrin Project I think they are going to pump it themselves instead of letting ConocoPhillips have all the fun.

Just a theory but it adds up. They have said from the beginning that they want to be both an exploration AND a production company. They have just gotten completely debt free and up to date on their ESG reporting standards. Also they just purchased the other 50% of the Peregrin Project so now they own 100% of the project. All 195,373 acres with an estimated 1.6 billion BOE. Time will tell but it adds up...

$EEENF