WALL (DAVID JAMES) Managing Director (Old CEO) Bought Jan 10, 2021 120,038,015 (Now 240,000,000)
EVANS (MICHAEL JOHN) Director Bought Jan 10, 2021 32,457,145
STALEY (GEORGE HENRY STEPHEN) Director Bought Jan 10, 2021 12,808,334
Furthermore, look at insider transaction they bought last two years. Some exercise of option high as .20 cents per shares. None of the shares they bought in the recent and the past two year has sold on the open market because their isn't a filings indicated they sold. Keep in mind 88 Energy NOT a Stinky-Pinky hidden on the attorney letter at octmarket.com. Company report on the audited and review of the annual and half-year financial report, and register with the SEC. ca.finance.yahoo.com/quote/EEENF/insider-transactions/
The Intelligent Investor believe if a number of insiders purchase more shares of a company, they may believe that the company will have strong future earnings and that the share price will increase in the near future. Let's not forget just recently director Exercise of option 500k .055 higher than the open market below .02 cent. If that isn't enough then checkout Elko crew drilling bought 360 million shares from 88 Energy.