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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
88 Energy Limited | 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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.16 | 0.155 | 0.165 | 0.16 | 0.1575 | 0.16 | 60,053,256 | 10:05:48 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 0 | -14.44M | -0.0006 | 0.00 | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
22/6/2018 07:53 | Project Icewine - Icewine#2 Production Testing As at 1730 21(st) June (AK time), the flowback rate was 50 barrels of water per day on a variable choke setting (currently 36/64"). Wellhead pressure has been managed lower to 75psi to reduce back pressure in the system. Since the last update on the 18(th) June, adjustments were made to the flowback system to determine the optimal settings for the nitrogen lift operation. Consequently, flowback rates fluctuated between an average rate of 50 barrels of water per day to 120 barrels of water per day. The percentage of hydrocarbon gas in the flowback dropped to 5% at one stage due to an increased nitrogen injection rate, 300 scf/m, which is deemed to have limited the flowback of both water and gas from the borehole. The reduction in productivity is attributed to an effective downhole choke created between the 4.5" annulus and the 1.75" velocity string, limiting the flowback when the nitrogen rate is too high. The nitrogen injection rate is now being reduced back to 150 scf/m and should result in an increase in flowback of water and gas from the borehole. During this period there has been no meaningful change to the composition of the returned gas and fluid. Flowback is considered to be 100% stimulation fluid and gas. Hydrocarbon gas content continues to be predominantly methane (90%) with some heavier elements up to trace C6+. The composition and rate is as expected for this stage of the flowback and results are considered unrepresentative of the hydrocarbon composition in the reservoir, as the well is still in clean-up phase. Salinity measurements of the flowback fluid are also not indicative of connectivity to the reservoir, as expected at this stage of clean-up. Total clean up fluid returned, (net of diesel for freeze protection and any other fluids introduced as part of the current operation), since commencement of flowback on 12(th) June 2018 is 1,100 barrels interpreted as 100% stimulation fluid. Total fluid returned for the entire Icewine#2 flowback operation, including last year, is now 6,632 barrels or 24% of the frac fluid injected vs a target percentage return of at least 30%. | xow98 | |
22/6/2018 07:52 | Nothing but water. | datait | |
22/6/2018 07:37 | Shut up Ken | wirraltrader | |
22/6/2018 07:12 | Producing nothing but worthless water. | ken chung | |
21/6/2018 12:29 | PANR picking up again. | city chappy | |
21/6/2018 11:06 | That's the time 're around a week hinted at in the last RNS come and gone. Take profits or minimise your loss. I have. | francis55 | |
21/6/2018 09:16 | The 88e sale will shortly be over | welshwiz | |
21/6/2018 08:55 | Some encouraging update on the wayHydrocarbon .....:) | tmmalik | |
21/6/2018 08:33 | Yeah, the water they put in there ^^ | gowski | |
21/6/2018 08:26 | So they just discovered water then. | ken chung | |
20/6/2018 11:06 | 1.52 would have triggered a whole lot of stop losses. Mm will be sitting with so much they are going to push this as low as possible. | francis55 | |
19/6/2018 19:38 | Hopeful that we might get a mid-week update. | ride daice | |
19/6/2018 15:06 | I think we have seen the bottom now as the market has understood the RNS and its detail | a2584728 | |
19/6/2018 15:01 | Yes a big rise in my blood pressure :), think this is just going to drift until we see an RNS with the word Hydrocarbons in.. Still its a short Some in Alaska so hopefully we will get something soonish | junk | |
19/6/2018 14:49 | Last hour big rise expected | tmmalik | |
19/6/2018 08:19 | 22% rise last night Big buyers came now 2.40 | tmmalik | |
19/6/2018 01:24 | Early rise in Oz ... | squire007 | |
18/6/2018 15:56 | or maybe the process of fracture stimulation. | ride daice | |
18/6/2018 15:25 | I think the biggest issue here is understanding the detail of the RNS | a2584728 | |
18/6/2018 15:06 | Imho of course :D | gowski | |
18/6/2018 15:05 | Topped up. Winner winner chicken dinner | gowski | |
18/6/2018 13:47 | Correct. In the industry opinion varies but generally gas with methane content of 90%+ is 'dry'.Once you start getting 10-15% of C2s upwards entrained in the gas production is considered wet.Not always, but the wetter it is the more chance the gas production is 'associated' with oil production....Defini | oilretire | |
18/6/2018 12:58 | Oilretire, for people not in the business, when you say the gas is wetter you mean it's saturated with heavier hydrocarbons, is this the case or I got it wrong maybe, heavier hydrocarbons means more value? | wolansm | |
18/6/2018 12:03 | Condensate is not oil, but it's a close second.....They've already told us it's 90% methane so it's fairly 'wet' gas which is a good thing. So 10% is NGLs the proportion of which is condensates (C5 up) is unknown. Decent quantities of C2-C4 is not to be sniffed at either.Hopefully the gas gets wetter as the well cleans up and we start to see the really heavy ends coming through......oil.Jur | oilretire |
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