88 Energy Share Discussion Threads

[bandflex] 26/6/2017 07:31

A$0.046 = £0.027

[unabkxb] 26/6/2017 06:58

So the well is flowing. There is enough pressure to get the stimulation fluids back to surface. So presumeably hydrocarbons will flow to surface too in due course. My cup is still half full.

[jammytass] 26/6/2017 06:51

I would get a better flow rate from my kitchen tap next few weeks shut down re think and re frack. Then game over.
Watch out for the hype mickey
Blasters and his sheep shagging friend Aberdeen boy. Perhaps all his bull sh4t comes from micks farm

[mickiek] 26/6/2017 06:40

Don't listen to this tripe. A great opportunity to buy more.

Someone who I trust on LSE

MickeyMasters
Posts: 8,587
Off Topic

Opinion: Strong Buy
Price: 3.42
View Thread (2)Morning AllToday 06:28
Well well well. I personally thought that was a great rns and if the share price drops this morning I'll be buying more!!

This line is very important:::Flowback, currently comprising 100% stimulation fluid, is continuing. Percentage of fluid recovered to date is ~13% of the total fluid pumped. It is estimated that up to 30% of the stimulation fluid will need to be recovered before hydrocarbons will be released from the reservoir.

Oil isn't going to flow while they are still recovering stimulation fluid.

[gilesy911] 26/6/2017 06:14

Really!! Oh dear

[jammytass] 26/6/2017 05:36

crash>>>>;>> shut down next week for sure no oil, no cash game over>>

[gilesy911] 26/6/2017 05:28

Yes Boobly! Good luck with your holding :)

[boobly] 26/6/2017 03:56

Yep , saw that .
Some very short term people here , who can`t wait a few weeks until they get the flow balanced . Either that or they just haven`t read the statement which I read to be very positive . As DW says we have to be patient just a little longer .

[gilesy911] 26/6/2017 03:46

Share price dropped 27% on news but now recovered :) but now only 16% down

[boobly] 26/6/2017 03:43

All sounds good to me .

[gilesy911] 26/6/2017 03:27

The stimulation was executed precisely as per plan with over one million lbs of proppant placed into the formation. A little patience is now required as we give the rocks time to show us what they can deliver."

[gilesy911] 26/6/2017 03:27

Managing Director, Dave Wall, commented: "We continue to monitor pressure and flowback of stimulation fluid whilst we wait for hydrocarbons to be released from the reservoir. Given that we are breaking new ground in relation to the HRZ formation, we need to establish the conditions under which the hydrocarbon cut will return and then increase.

[gilesy911] 26/6/2017 03:26

The forward plan is to monitor pressure and flow rate and continue to draw stimulation fluid off the reservoir. Artificial lift, using nitrogen or swab cups, may be introduced at some stage to increase the rate of draw down of fluid. If pressure becomes too low it is possible that operations will necessitate a shut-in to allow fluid to 'soak' and pressure to build up. This 'soaking' is not uncommon in other shale plays as it allows stimulation fluid to be absorbed into the reservoir and can result in lower required fluid flowback before onset of hydrocarbon flow.

[gilesy911] 26/6/2017 03:26

Flowback, currently comprising 100% stimulation fluid, is continuing. Percentage of fluid recovered to date is ~13% of the total fluid pumped. It is estimated that up to 30% of the stimulation fluid will need to be recovered before hydrocarbons will be released from the reservoir.

[gilesy911] 26/6/2017 03:25

Flowback commenced on the 19th June from stage 2 (upper zone). Approximately 8% of total stimulation fluid volume was recovered until it became apparent, due to rate and pressure observations, that the upper zone was likely in communication with the lower zone. Consequently, a decision was made to drill out the plug between the upper and lower zones. No increase in pressure was observed, confirming that the two zones are in effective communication. Trace hydrocarbons were encountered whilst flowing back the upper zone prior to drilling out the plug and, as expected, the flow rate returned to 100% stimulation fluid once the two zones were flowed back together.

[gilesy911] 26/6/2017 03:23

Update out

[eye2] 25/6/2017 22:46

Stop swearing please I would really appriciate it thank you my loves .

[ride daice] 24/6/2017 11:24

If the play works haven't we not got enough already ?