88 Energy Ltd (EEENF)

[4gh1rx]

Slew Of announcements

EEENF

8 EEENF announcements in the last 10 days via the ASX, each one an admission. If not of failure, then the inability to speak the dismal truth, 4 of them a bald attempt to pillage the shareholders equity with further capital raising (dilution), awards to executives or promotion of drilling operations whose results investors have come to dread. Even more disappointing, a special 'rights offering.' Fortunately, rights offering not available to U.S.A. investors. Seems like just a 'right to lose money.'

5 years operating on Alaska's North Slope, one of the richest petroleum fields in the world, without finding a single drop of oil.

Inexcusable.