88 Energy Share Discussion Threads

[herecomesthesun] 23/4/2024 10:49

CRIKEY

YET MORE 88e 'REPEATED' FLUFF and PUFF

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Upper SFS flow test results

A 20ft perforated interval in the Upper SFS reservoir was stimulated via a single fracture stage of 241,611 lbs proppant volume. The well was cleaned-up and flowed for 111 hours in total, of which 88 hours was under natural flow back and 23.5 hours utilising nitrogen lift.

The USFS test produced at a peak flow rate of over ~70 bopd. Oil cuts increased throughout the flow back period as the well cleaned up, reaching a maximum of 15% oil cut at the end of the flow test program. The Company expects that oil rates and cut would have likely increased further should the test period have been extended. The well produced at an average oil flow rate of approximately 42 bopd during the natural flow back period, with instantaneous rates ranging from approximately 10 - 77 bopd with average rates increasing through the test period. Importantly, the USFS zone flowed oil to surface under natural flow. A total of 3,960bbls of fluid was injected into the reservoir and 2,882bbls of water was recovered during the flow back period, most of which was injection fluid. Total flow rates (inclusive of recovery of frac fluid) averaged ~600 bbl/d over the duration of the flow back.


SMD-B flow test results

A 20ft perforated interval in the SMD-B reservoir was stimulated via a single fracture stage comprising 226,967 lbs of proppant volume. The well was cleaned-up and flowed for 84 hours in total, utilising nitrogen lift throughout the entire test period. The average fluid flow rate over the duration of the flow back period was approximately 445 bbls/d, with choke sizes ranging from 8/64ths to 33/64ths.

The SMD-B test produced at a peak estimated flow rate of ~50 bopd. Oil cuts varied throughout the flow back period, reaching a maximum of 10% oil cut. The well produced at an average oil cut of 4% following initial oil to surface, with instantaneous rates observed during the 16-hour period varying as the well continued to clean up. Total stimulation load water was not recovered and water salinity measurements indicated we were recovering load water at the conclusion of the test.
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"the company 'expects' oil rate and cuts would have 'likely' increased had we continued on with the test"

so WHY DIDN'T THEY ?


AND

far be it for me to point this out but I really do find it all a bit strange that they didn't release the same level of operational frac 'detailing' in each separate test ?


so WHAT EXACTLY ARE THEY ATTEMPTING TO HIDE ?


AND

absolutely NO mention of the outstanding bills to pay, just another BLATANT attempt by them at 'headlining' the $17.5 million Aussie dollars held in cash at 31st March BEFORE the addition of this $9.8 million Aussie dollar placement as IF TO SAY 'look at all that cash we NOW have' LOL


88e are the market DADDY'S when it comes to 'selective' FLUFF and PUFF


AND

no doubt poor old olive oil will be desperate to keep on pumping her massively underwater 0.35p is the kiddie offside position but for me its still a


STRONG SELL


SIMPLES!!


bwahahahahahahaha :)

[andyalbi71] 23/4/2024 10:12

I will have a pint of whatever Nigeoil has been drinking

[purple11] 23/4/2024 10:04

sounding desperate now

[nigoil] 23/4/2024 09:59

Not bad for two hours of trading, it's all about the volume and market cap! Forget the shares in issue!

88E Trades 268
Vol. Sold 60,675,228
Sold Value £96.59k
Vol. Bought 178,021,215
Bought Value £288.66k

88E Strong Buy!

Simples!......;-)

[nigoil] 23/4/2024 09:55

300% rise coming in May/June once the results are released along with the CPR, take a look at what happened to OO and you will see!....;-)

Ignore the 'GIRLS' they are bad for your wealth!

88E Strong Buy!

Simples!.......;-)

P.S. Panr next!

[purple11] 23/4/2024 09:50

hope noone listened to your drivel

just another ADFVN nutter

-18.81%now

[nigoil] 23/4/2024 09:49

" You need a drill to discover a Jupiter sized oil find to regain losses . "

That is exactly what 88E have found!

Wait for the CPR and you will see!

88E Strong Buy

Simples!......;-)

[herecomesthesun] 23/4/2024 09:39

CRIKEY

I did say a placement was coming

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herecomesthesun - 18 Apr 2024 - 09:23:12 - 88e MONSTER FLOW TESTING Q1 2024 - 88E

CRIKEY

it's gone red again today

poor old olive oil she seems particularly keen to highlight the March 31st remaining cash balance which is of course declared in AUD yet she fails to mention that ONLY 20% of the estimated $14.5 million (USD) cost of the work has been PAID TO DATE

on that basis I make that roughly 11.6 million US dollars still to be paid

17.5 million Aussie dollars converts to circa 9.3 million US dollars


I'd say they are a BIT SHORT


88e STRONG SELL

PLACEMENT COMING SOOOOOOOOOOOOOOOOON

SIMPLES !!

==================================================================================


now had shareholders taken note of the financials as detailed in the 18th April RNS themselves instead of being blindsided by olive oils constant kiddie guff and all the (3 x times) flow test fluff and puff from the company they would have known exactly what was coming and could have got themselves out at @ 0.21p



as for all this 0.35p fill your boots nonsense


olive oil is clearly a dangerous fantasist


SP is 0.1575p


bwahahahahahahaha :)

[terminator101] 23/4/2024 09:23

40% discounted placing to keep the lights on (again) huh. Whooosh.

[purple11] 23/4/2024 09:17

5 yr downtrend intact

stay away

[purple11] 23/4/2024 09:04

nigoil
stop emabaraasing yourself further

a simply terrible call from you

[waterpolo] 23/4/2024 08:57

what a disaster 88ethis co is worth nothing...nothing!alaska...no chance ever Texas too smallhow they have this market cap is staggering20m value maximum only including cashthis is going to zero....eventually it will trade 0.1 to .2 in Australia directors took no stocktotal pig anyway who buys has no idea on marketssimplesclown show

[nigoil] 23/4/2024 08:56

88E Trades 142
Vol. Sold 16,314,281
Sold Value £26.41k
Vol. Bought 127,338,385
Bought Value £208.05k

It's not just me that knows that 88E has got a future!

88E Strong Buy

Simples!.......;-)

[nigoil] 23/4/2024 08:25

How's your 2.3p PPP shares doing purple11?.....LOL

At least there is a future with 88E, great buying opportunity before Texan and Alaskan updates!

1p........Coming once the dust settles!

88E Strong Buy

Simples!......;-)

[purple11] 23/4/2024 08:06

nigoil

you should have listened

[gcinvestor] 23/4/2024 08:03

Dave Wall will be proud

[andyalbi71] 23/4/2024 07:30

When is your next drill ... 2025 ..., nothing much to show for 2024 .. only raising 5m , I predict at least one more placing before that drill , £5m will just keep lights on and pay directors wages

[supercity] 23/4/2024 07:30

After dropping over 90 percent in 2 years they do another placing .Onwards and downwards it continues.

[andyalbi71] 23/4/2024 07:27

What are you sniffing, it's a dog, simples

[andyalbi71] 23/4/2024 07:26

Well I callled this dog right , I knew with all the stuff they were doing on X they would do yet another placing , with the share this low and another £5.2m to raise , how many more billions of shares in issue to be added. You need a drill to discover a Jupiter sized oil find to regain losses . Not normally a fan of cross advertising... but seriously look at block energy ... 725m shares in issue , 10m market cap , a 9bn CCS project going to kick off ... P 3 joint venture to be announced with confirmed gas find of 1.67bn soon or poss buy out , not done a placing in over 5 years and cash positive, compared to this dog , you have better chance of getting losses back

[nigoil] 23/4/2024 07:25

Placing done!

Onward and upwards!

88e is the kiddy!

Strong Buy

Simples!...... :-)

[waterpolo] 23/4/2024 01:25

nigoil is an idiothe Was warned 88e capital raise8m at 0.003 in Australia stock gunna get slaughtered

[herecomesthesun] 23/4/2024 00:07

'why the drop today?'

most likely realisation has finally set in that the multi RNS dual flow test results was all in all a job half done and is just more of the same once a winter year operational fluff and puff

then there is a guaranteed placement on its way as once they pay the remaining 80% of the outstanding invoices there will be nothing left in the kiddies kitty to keep the lights on until next winters operational window


sure it might be worth a herd driven flutter at some point in the future but only AFTER the forthcoming placement (which is likely to be announced quite soon AFTER the updated CR for maximum price effect) OR in the run up to next winters transformational jam tomorrow fluff and puff operations but in the meantime it has to be a


STRONG SELL


SIMPLES :)