88 Energy Share Discussion Threads

[ryry0707] 06/6/2017 18:16

4p by Friday?

[11_percent] 06/6/2017 17:29

Lots of news and speculation driving this ..

--------

No...the inside traders have been driving this, with the news from the site.

Now that todays RNS is released...its a free for all.

[aimmafia] 06/6/2017 17:24

4.5p nailed on here in my opinion, I'm not invested but this should keep motoring.

[proj] 06/6/2017 17:21

No need for micro stimulation - how much more confident can it get?

Stunning news. Take a bow, DW, PB, SS and your team.

[lobo] 06/6/2017 17:11

Oooo ...sweet!

[squire007] 06/6/2017 17:04

Price after flow trial
Buy out Price
COP connection


Lots of news and speculation driving this ..
Long way to go ...:-)

[rafieh] 06/6/2017 17:00

All of a sudden 5P doesn't look like a dream anymore.

[1i1i1i] 06/6/2017 16:46

3.6p close after second auction

[herschel k] 06/6/2017 16:40

nice finish to the day then.

can't wait for the flow results.

[hottingup] 06/6/2017 13:56

Looking at 88E's chart, two things seem obvious:

1) A Rising Flag pattern has been developing since Feb 2016. This is one of the strongest indicators of a further rise to come - potentially into the 5p to 6p area in the next few days.

2) Apparent on the 5 year chart, is a gap to be filled back up to the 12p to 18p range - potentially on commencement of flow testing later this month, or in the lead up to the flow test results.

[squire007] 06/6/2017 13:48

Friends and family given green light .............. luvvit.

[wolansm] 06/6/2017 11:36

Sneaking up

[tidy 2] 06/6/2017 09:15

PB gave the industry Eagle Ford. He's now giving them a similar opportunity with the North Slope but the NS has equal and greater aspects of hydros contained so far.

[mr roper] 06/6/2017 08:02

whoooosh! Lovely start..

[madengland_] 06/6/2017 07:55

1l1l1l - yes I topped up a few here as well, thanks for the tip! AMC has a great potential but while waiting patiently this has (so far - touch wood) been a great play. Been very impressed by the communication and technical competence and things sound very exciting mate

[squire007] 06/6/2017 07:53

Keep it coming ...... :-)

[herschel k] 06/6/2017 07:45

No longer need the micro stimulation.......imo, that's as good as it gets at this stage.......

[tmmalik] 06/6/2017 07:41

3.50 on card today/this week and 4p by 16 June

[rossowheels] 06/6/2017 07:36

This has just been going so "well".

[1i1i1i] 06/6/2017 07:19

Good morning Mad, good to see you're still onboard, let's sail the good ships 88E and AMC together!

[luckyrob] 06/6/2017 07:09

Up 14.4% in Aus. looking good.

[madengland_] 06/6/2017 07:09

Like this bit "Additionally, insights have been gained into the stress profile and pore pressure of the HRZ, which appears higher than previously expected. This can have a direct effect on potentially higher flow rates"

[topitup] 06/6/2017 05:48

Full link to update.

[tidy 2] 06/6/2017 00:30

RNS out in oz. brilliant. Following the successful completion of the initial drilling activities at Icewine#2, the Artic Fox drilling rig has been demobilised. The Company would like to thank Doyon Drilling Inc and the Arctic Fox crew for executing a safe and efficient operation. The stimulation design for Icewine#2 has been completed, and the final application has been lodged with the State. The logging program in Icewine#2 was tailored to optimise the location of perforations for the stimulation design by identifying areas within the HRZ with: • the same stress profile; • the highest hydrocarbon saturation; and • any pre-existing planes of weakness that may be exploited by artificial stimulation. All three of the above goals were accomplished successfully and the Company is confident that the stimulation design has been optimised based on the best information currently at hand. Additionally, insights have been gained into the stress profile and pore pressure of the HRZ, which appears higher than previously expected. This can have a direct effect on potentially higher flow rates. Consequently, the planned micro stimulation (DFIT) is no longer necessary and will be removed from the forward program. The next phase of the program will comprise the planned artificial stimulation and production testing, which will aim to resolve a number of current uncertainties, including whether complex artificial fracture systems can be created within the HRZ via the proposed stimulation. These complex fracture systems are evident in the best performing shale plays as they result in maximised stimulation rock volume, which directly impacts potential flow rates. Similarly, whilst substantial work has been done on thermal maturity, the exact gas oil ratio is difficult to predict prior to a flow test. The Company interprets that the vast majority of the HRZ sweetspot has been captured irrespective of any uncertainty, due to the large acreage position. Production testing remains on schedule for late June / early July. Further updates will be made as and when appropriate throughout the drilling / testing program.