Oil Man Jim Company Oil & Gas Podcast & Blog, 24th May 2020

May 24, 09:32 AM
I said last week it wouldn’t be long before 88 Energy (88E) started planning its next drill and they confirmed that on Thursday in their latest operational update. 

It could be quite interesting once fully financed.  It’s a share, where if you time it right, delivers returns virtually as good as guaranteed (it did an easy 100% last time from the 0.7p placing in the run up to the spud and I highlighted it as a favourite several times in the blog before that run).  It's one I've also profited from many times before.  Obviously, you never hold for the drill result.

Overall, there’s been a strong recovery for both the oil price and the markets this past week, with confidence returning and money flowing back into shares.  It’s all looking much better now than it was a few weeks ago.  Some further news: