88 Energy Share Discussion Threads

[shanig] 26/6/2017 11:54

Is 137 mill a huge mcap?

[wolansm] 26/6/2017 11:38

Breaker breaker come in then short it go on short it....... You know it makes sense

[squire007] 26/6/2017 10:36

"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.”
Yours faithfully
Dave Wall Managing Director 88 Energy Ltd

[jenny tulwought] 26/6/2017 10:24

The recovery has been far better than I'd hoped - and (bonus), I more than doubled my modest holding at 2.75 (should have been braver when I had the opportunity, at 2.65).

[tmmalik] 26/6/2017 09:39

Good come back ,back to 3p Suituation will get better in 10-15 days Back to 4p again

[squire007] 26/6/2017 08:30

Just like getting your tyre pressures right .............. :-)

All good.

[ride daice] 26/6/2017 08:10

Is it not clear ?

"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"

Is this not what one would expect at this stage in the cleanup ?

[defcon3] 26/6/2017 08:08

So basically they've found sod all so far. Although Wall says we need to wait for 30% fluid, the fact is no hydrocarbon indications as yet

[rafieh] 26/6/2017 08:07

They won't sell any shares at bid, but will buy all my shares at ask online! I'm not selling.

[chestnuts] 26/6/2017 08:02

Good morning every one been following 88 for some time, this morning rns is probably very positive indeed as it shows the resovuir is massive, but one question i would like to ask is how do they get the oil to market and whats the time frame.

[madengland_] 26/6/2017 07:59

Well brace ourselves it's gonna be messy till the dust settles I suspect. More about emotions than facts

[ride daice] 26/6/2017 07:58

unabkxb,

Point taken.

[vimster] 26/6/2017 07:55

TidyIs this guy a source you know? If so I'm happy.

[jammytass] 26/6/2017 07:55

Could be50 percent down today

Don't ever take note of mickey masters or Aberdeen boy posts

[zeus19] 26/6/2017 07:54

Be Fearful When Others Are Greedy and Greedy When Others Are Fearful

[unabkxb] 26/6/2017 07:54

Propant stays in place to keep the fractures open.its the completion/fracing fluid that flows back to surface. The fracing fluid carried the propant into the fractures created.

[boobly] 26/6/2017 07:53

Funny business down under .
I really don`t think those selling have a clue : a few sold not understanding the update , momentum built , MM`s sensed blood exaggerating a charge for the exit , and the herd panicked .
Ridiculous !
Perhaps the Poms will have a better understanding .
This news update is positive !
imo.

[tidy 2] 26/6/2017 07:52

From rob57y who works in the field. Indeed this is all good news. The fracture network is extensive and links the two zones thus accessing more formation. The fact the well is flowing the frac fluid/water unaided means the pressure support is good and no artificial lift required at this point. 13% of injected fluid recovered in a week indicates strong return flow. When the hydrocarbons start to come up the flow rate will likely increase as the fluid column will be lighter and some gas will be released in the wellbore which will further aid the lift. No need to panic - the original flowback was going to take 2 x 4 weeks - it will be quicker now.

[driver101] 26/6/2017 07:52

Ride

I agree there's a lot of road sweepers on here trying to be brain surgeons, all looking ok to me.

[wolansm] 26/6/2017 07:51

Reckon 60 barrells average equivalent proppelant a day flowed, I think stops losses will be pulled big time today

[rafieh] 26/6/2017 07:50

Oil will flow a day after I sell my shares. That's the only thing I am certain of.