Share Name Share Symbol Market Type Share ISIN Share Description
88 Energy LSE:88E London Ordinary Share AU00000088E2 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.025p -0.91% 2.725p 2.70p 2.75p 2.75p 2.725p 2.75p 14,850,054 10:43:55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.1 -14.5 -5.1 - 126.24

88 Energy Share Discussion Threads

Showing 13376 to 13397 of 13400 messages
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DateSubjectAuthorDiscuss
22/5/2017
16:04
more volume required and will arrive unexpectedly; it always does
rodrod1
22/5/2017
15:44
They closed .51/.52 in Aus this morning. It now remains to see if there is an improvement the the shares price overthere and here in the morning. They are interchangeable, but may be Arbitraged.
carbon man
22/5/2017
12:49
Looks promising but that's all that can be said, oilretire did you keep Premiere when the took encore.
wolansm
22/5/2017
08:31
Log data matches that of IW#1, they could have given more details on this. They will, once they are ready to as per the RNS.....
oilretire
22/5/2017
08:14
HC norm is to complete logging, pull out of the hole do a wiper trip to flush the hole from any debris etc. Sometimes when u get a shale with high clay content then the hole dia changes due to the swelling nature of the shale, open hole is referred as 'under gauge' ie 6.25" dia can b tighter in locations. Other thing that happens in soft sands is called washout which makes the hole dia larger. So to stabilise the hole, one runs a wiper trip & reams out any tight spots etc. I guess in this case the pebble shale that underlies the HRZ seems to b the villain as it caused the unnecessary delay with the running of the liner. One needs the hole to be uniform so as to allow the Cement to be squeezed out into the Annulus to hold the liner. And once thats done a CBL log is run to confirm the integrity of the cement job. All part & parcel of Std Well Completion practice. Log data matches that of IW#1, they could have given more details on this. IW#1 had 196ft gross pay & 180' net pay so does IW#2 has the same 'net pay' more or less ?? Another set of 'imaging' logs helps in mapping the bedding, fractures, joints etc. This is what helps in planning the perforation, ie best pay section that can be perforated as long as it has 50 to 70+% oil saturation etc etc. I guess the real movement with the share price will come when they do the perforations & then a cleanup (ie flowback of the frac juice first followed by the HC's). Hope this helps.
rodrod1
22/5/2017
08:05
It's worth revisiting last years rns announcements from around March.......re flow rate potential :)
herschel k
22/5/2017
07:49
This is probably the statement that excited the Oz market The data quality from the wireline logs recently completed is excellent and, at this early stage in the processing and interpretation, is confirmatory to the data obtained from Icewine#1 - as expected. Additional insights are expected from the log interpretation and completion of the micro stimulations over the coming days as we finalise the design to the stimulation program.
oilretire
22/5/2017
07:37
Yes the fact that the minor setback has minimal impact is good because they were ahead of schedule is good. Should be blue today
pauliewonder
22/5/2017
07:35
Great news, can we break 3p this week?
madengland_
22/5/2017
07:24
The aussies bumped up 8percent on the back of this with only a few minutes trading. Hope we can see more today
dave19w
22/5/2017
07:07
RNS out.Minor setback, but wireline logs suggest excellent hit again.It's just gotta flow now.......
herschel k
21/5/2017
09:44
It's a pretty poor note in my opinion. I think they're saying not to expect too much of a re-rating until a partner is brought in but as that is almost a certainty in the success case why would Mr. Market wait ?
ride daice
20/5/2017
08:59
Chart looks good a nice steady upward trend.
driver101
19/5/2017
14:49
what did the hartleys report say to kill any rise? hartleys jam tomorrow ?
currypasty
18/5/2017
13:43
rice the recent hartleys report has all but killed any decent rises.
lithological heterogeneities
18/5/2017
08:49
Not sure why the share price is constantly dipping but hey this is AIM. No cash left but 2.66 is a great "in" price. DYOR please.
manfrom
17/5/2017
19:02
We are still massively under the radar.
ride daice
17/5/2017
18:44
I have a modest holding here, and I must admit I'm very surprised we aren't a lot higher on today's news. The flawless hitting of TD was a really impressive performance. Anyone have a sensible explanation as to why 2.7p is such a hurdle?
cloudburst
17/5/2017
15:33
Many thanks Rodrod. Most informative. Yes RD, and if similar to Icewine 1 well within two months. Below for others is a reminder of partial evaluation done. RNS 15--02--16 15/2/2016 Icewine Sweetspot Confirmed by Thermal Maturity Analysis
westmoreland lad
17/5/2017
15:15
Well we should know within 2 months whether hundreds of millions of barrels of recoverable oil is a realistic proposition at some point in the future of whether it's back to the drawing board.
ride daice
17/5/2017
14:45
HC: 1) Post wireline logging ops they will run a production liner, in this case it's 4.5" dia series of pipes that's run in & cemented over the open hole section. This essentially protects the hole from caving in amongst other things. 2) After cementing the liner, the rig is sent off to its nxt contract. Norm is to mobilise a contractor with a coiled tubing unit to enter the well & perform relevant operations. 3) The reservoir at IW#2 is called 'HRZ Shale' which is a tight formation unlike conventional reservoirs. After logging is complete they'll know the actual gross/net thickness of the HRZ & work out the Test interval from 1xxxx ft to 1xxxx ft depth. Unlike Sandstone reservoirs, Permeability of Shales is tight (in Nano-Darcies), hence the need to perforate using Proppants. During drilling they circulate the hole with mud, so the mud brings up the rock cuttings & also any HC's over the shaker. Any gas shows r recorded on a mudlog after analysed via a gas chromatograph, so a breakdown of the components (C1, C2, C3, iC4, nC4) on a graph is available for the Client. Depending on movable oil in the rock, u may get a film of oil over the shakers or if they cut a core then u get 'bleeding' cores. 4) Stimulation basically is triggering a gun inside the production section. This releases 'bullets' that pierce through the liner. This is followed by pumping the 'proppant' at high pressure to induce fractures in the Shale. A Proppant is basically a blended slurry of fine Silica or ceramic beads of known mesh size (20/40 mesh as an example). These essentially help to prop up the fractures. Over time any fluid in the fractures seeps out gradually. 5) On the surface, u use a assembly referred to as Xmas Tree that's got a Choke Manifold hooked up. It is here that one opens the choke & records the flowback of any fluids to surface. At the same time, pressure in PSI is also monitored. One normally uses smaller dia choke (referred to as qtr inch, half inch etc) for flowback to optimise flowrate & prevent formation damage. So initially, u get barrels of Proppant fluid back to surface & then any HC's from the Shale. Gas is usually flared off. In this case it will b run through a Separator where it can b 'flashed' to produce any 'volatile oil'. This 'production testing' is done over many days & any HC's recovered are measured & reported by the Operator in its updates. Hope this helps. GLTA.
rodrod1
17/5/2017
14:26
Only question remaining is whether or not the HRZ is commercial. I am satisfied with my research. 88e needs to prove to the market that PB's estimates as to flow rates are correct. We are almost there after what seems like a long wait. Just my opinion. Good luck to all.
rodrod1
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