Tuesday, July 27, 2021 12:00:14 PM
Back story... I am a retired oil derrick hand from northern BC. I have worked on many, many projects, from exploration to production. I am no expert but have picked up some knowledge along the way.
I invested in 88 for one reason only, they have property rights between 2 known oil producing properties. They had already punched there test well at the time of my investment but without any results.
I feel that 88 is a great exploration company to invest, as do many others and we have a solid investor group to support them. 88 has the infrastructure to succeed with a clean portfolio with financing to move forward.
Oil exploration is hit and miss at the best of times. They can do all the "above-ground" testing they want. When it comes to finding that pool of oil? they got to punch a hole in the ground. Its expensive and like finding a needle in a hay stack, as they say
In my humble opinion, and its just that, 88 missed on this one. The results show they are close but still, they missed the mark. They need to punch more holes to try and track down that elusive puddle of oil. I am sure this is what they will propose in the near future, maybe this coming drilling season. They need to do more drilling and I hope they do
There will be more waiting ahead but I feel it will pay off in the near future
Disclaimer My opinions may or may not be correct. DO NOT make any investments based on anything I write, say, or do.
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