88 Energy Ltd (EEENF)

[4gh1rx]

re: striking oil

$EEENF
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If you call issuing 2.1 billion shares striking oil, then yes they struck pay dirt alright. But that's just the managements pay dirt. Not ours. ****************************
Four attempts to explore and drill prospects for oil over the past 5 years and what did they come up with? Mud. The only decent news, the only hope anyone has here (myself included) is possibly sharing in the good fortune of their neighbor Pantheon. That is a slim hope of piggybacking on Pantheon's results but it's just about all the hope we have right now. By the way, that was also the dream of the previous dry hole that $EEENF drilled. They didn't even complete the spudding before throwing in the towel on that one. Perennially lackluster exploration results while adding 4.5 billion shares to the SS while I've been here has been dispiriting. Handing out hundreds of millions of free air shares to know-nothings like Dave Wall and Ashley, guys who don't the difference between WD-40 and Johnson's Baby Oil is getting tiresome.
So far, the only oil they've 'discovered' is the kind already in barrels, i.e. Longhorn, TX. You don't need to be an 'exploration company' to do that.
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$EEENF
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