88 Energy Ltd (EEENF)

[behzadzorro]

EEENF is a drilling company, not oil company
1/ first drilling company analyze all documents from geologist to find out the area which it has possible to reach to oil
2/ after that they do consult with their drilling engineer team to find out best place for drilling. Minimum layer and minimum resistance with the least density.
3/ starting drilling in north slop should be the time which completely ground is frozen without any water bobble or layer. Because if it has any water layer then maybe tools slid and then damage happens for tools and well both.
4/ after reaching to oil then the well will put on auction and oil company will get in this process.
5/ Oil company will offer depend on the situation of well position and amount of oil trapped in well. Because refineries and delivery and all facility and rules and permits are related on OIL COMPANY , NOT EEENF.
6/ after selling the well to oil company then this well own by oil company.
7/ maybe oil company request drilling company to close the well and then transfer to them or maybe wants to work on open well at the same time depend on their ability and facility on same time.

My point is EEENF doesn’t care for permit to refine or anything else and drilling and exploring new oil resources is not complain or conflict with any climate change rule from Biden or anyone else.
This company can continue its job till reach to oil without any problem.
If the oil volume trapped in well become around billions then this well will sell by really huge price.
I believe the price for this well could be around $5 to $10 per barrel.