88 Energy Share Discussion Threads

[wolansm] 12/6/2017 14:00

Will need to drill more to get that kind of production.

[boobly] 12/6/2017 13:33

H K :...I understand the pivot point to be 80bopd (I may be wrong)
fwiw , I`m expecting , hoping , (betting!) on 200/250bopd .
Only about three weeks until we find out .

[vimster] 12/6/2017 13:21

Exciting times Rod. IF you're prediction is right Tidy and I know many agree with you this will be life changing for many.

[herschel k] 12/6/2017 13:20

rodrod,

people also need to bear in mind that they are drilling a vertical well here.

they should not expect flow rates of several thousand barrels a day, but rather a few hundred is a MASSIVE result - even 100bpd could be good enough if the structure data is of high quality, because it means a horizontal well would produce many multiples of that with sufficient stimulation.

if we get anywhere close to 500bpd it will be truly phenomenal result........more than that, and oh my word.........

H

[boobly] 12/6/2017 13:14

I hope people are not expecting 60p - 1GBP in the next couple of months .
I am expecting 60p - 1GBP .
~~~~~(Some people are expecting much more than that !)
GLA .

[rodrod1] 12/6/2017 13:03

Vimster - it will flow 100% sure. How commercial is what its all about. Flow rates, decline rates, how much of enlarged acreage is recoverable etc. Masses amounts of information to be released as some answers known already.

[tidy 2] 12/6/2017 13:01

This is the main event. Pass this and they've broke its back. Sales tag ready to be printed.

[vimster] 12/6/2017 12:28

The reports and feedback from BOD would be surprised if this doesn't turn out to be enormous. They know the oil is there. Just got to get it flowing.

[ride daice] 12/6/2017 12:28

tidy 2,

Even with a decent flow rate at IW#2 there is a massive amount of work to be done before this is sold.

[vimster] 12/6/2017 12:27

Good to see this rise at last. Judging from all

[tidy 2] 12/6/2017 12:25

60p-£1 sales tag. If commercial which is looking highly likely.

[tidy 2] 12/6/2017 12:24

It will be sold to a major.

[11_percent] 12/6/2017 12:05

Ok, I hear what you are saying, and I expect exceptional flow rate as well.

However, farm-in deals are notoriously hard to do and take time.

The share price will fall back during that period.

[herschel k] 12/6/2017 11:29

squire,

I posted a while back the values of shale land deals over the last five or ten years (I think).

take a look at that as well.

I think I suggested $4bn using $10k per acre, and that will be low if they have exceptional vertical flow rates.......

H

[squire007] 12/6/2017 11:26

I will take a tenth ............. 40p :-)

[herschel k] 12/6/2017 11:24

indeed raf.

those posts from LSE give an idea of the potential here.

if they prove this up with very good flow rates (let alone exceptional, which I am expecting tbh), and then start to discuss farm-in details, or full/part sale of various areas.......the share price will go ballistic.

the LSE posts gave you an idea of the value that could be in the ground here......$12bn was mentioned at one point.

$12bn is just under £9.5bn
Current market cap is c.£185m

If they got half that, or even a quarter......well, you do the maths.

H

[rafieh] 12/6/2017 11:03

If it is going up like this now, I wonder what will happen when the oil starts flowing at high rate.

[squire007] 12/6/2017 10:15

Not a bad start to the week ............. roll on 2 more weeks of this :-)

[madengland_] 12/6/2017 10:13

1l1l1l - thanks mate, owe you one!

[topitup] 12/6/2017 08:59

Click on the first video most of the quotes can be found in the video

[tidy 2] 12/6/2017 08:24

It's quotes they have said during the course.

[wolansm] 12/6/2017 07:41

No they would let him in

[lithological heterogeneities] 12/6/2017 06:26

did you see Corbyn there?

[wolansm] 12/6/2017 05:00

La la land