88 Energy Share Discussion Threads

[neversatisfied] 22/6/2018 11:31

Wide choke set at 38/64 all to reduce back pressure and possibly dis-lodging proppant. They are caressing this to maximise future flow. The speed of flow of frac fluid is not important it is the future flow of hydrocarbons that is and if that is what they are doing they have my vote all the way.

[rossowheels] 22/6/2018 11:14

Very soon once 30% approx has been recovered and gone through The separator. All going per plan according to the BOD which of course is also a little scary!

[neversatisfied] 22/6/2018 10:07

Johnspain...re read it. Nitrogen injection rate being reduced which should result in an increase in flow back. So flow back should start increasing again from the 50. Slow better than screwing the fractures up. Painful but better.

[warranty] 22/6/2018 09:45

Nice one junk, made me laugh that one. ;-)

[1lilac] 22/6/2018 09:42

SW

455m funding mcap 5m

just 30 mins ago


Edenville Energy PLC Powerline Financing
22/06/2018 8:45am
UK Regulatory (RNS & others)

Edenville (LSE:EDL)
Intraday Stock Chart
Today : Friday 22 June 2018

Click Here for more Edenville Charts.
TIDMEDL

RNS Number : 2285S

Edenville Energy PLC

22 June 2018

22 June 2018

EDENVILLE ENERGY PLC

("Edenville" or the "Company")

Powerline Financing

Edenville Energy plc (AIM: EDL), the company developing a coal project in southwest Tanzania, is pleased to note that it has been announced that US$455 million of World Bank funding has been approved for the Zambia-Tanzania-Kenya (ZTK) power transmission line.

This funding will allow the construction of high voltage power infrastructure, which specifically includes the transmission line from Sumbawanga to Tunduma and the associated Sumbawanga substation near to the Company's Rukwa project area in southwest Tanzania.

Edenville believes that this news, in conjunction with the Company's operational mining activities, has the potential to be transformational for the Company's planned Rukwa Coal to Power project. It should now allow the Company to progress its integrated Rukwa Coal to Power Project with the intention to develop the facility alongside the role out of the new power line. The Rukwa Coal Project contains 170 million tonnes of Measured and Indicated JORC compliant coal resources and the mine has recently entered commercial production in early 2018.

The Company looks forward to providing further updates as appropriate.

For further information please contact:

[junk] 22/6/2018 09:38

So looks like our mineral water business is doing well this morning, "Icewine" not a bad brand name, actually can see it now on the bottle. Although we need to get rid of that methane thing cant have farty water. Topping up at these levels this morning as hoping for an Evian buyout. Good luck all.

[gowski] 22/6/2018 09:35

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

[jammytass] 22/6/2018 09:34

What percentage of frack fluids have been removed?

[gowski] 22/6/2018 09:25

Indeed John it's painful.I'd just like to highlight from the rns..."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"

[medicbob] 22/6/2018 08:54

Been in since 0.59. not going now!

[johnspain] 22/6/2018 08:50

I'd be concerned if there was anything but water (frac fluid) at this stage.
this is water they put INTO the well NOT resevoir water.
good grief, the quality of derampers is pretty low.

[ken chung] 22/6/2018 08:47

Nothing but water.

[johnspain] 22/6/2018 08:43

Roddy - it isn't 25% in three weeks

"Total fluid returned for the entire Icewine#2 flowback operation, including last year, is now 6,632 barrels or 24%"

it's 24% for three weeks this year and last year's lift too.

at an average of 50 barrels a day it is looking like another 27 days to get to 30% minimum required

[investor_2] 22/6/2018 08:39

We do not need to recover 100% of frac fluid before oil starts flowing. Its usually between 30-50% before you see oil, so minimum 30%.

[roddyb] 22/6/2018 08:34

If we recovered 25% of frac fluids three weeks after starting - does that mean we have another 9 weeks to wait before we get 100% back? Or is it the case that after initial screwing around, we are on an accelerated path to recover the fluids say within 4 weeks from now?

[spooks4] 22/6/2018 08:29

A good vintage needs time before it is uncorked:))

[madbuilder] 22/6/2018 08:22

on course for sub 1p as predicted very soon

[bonzodog1] 22/6/2018 08:15

The person that sold 1.9mill has just been mugged big style

[paulinstoke] 22/6/2018 08:13

Still very early yet, the oil is there

[h0me] 22/6/2018 08:09

They are 'pleased' to pick up cheaper shares before any meaningful news.

[oilretire] 22/6/2018 08:05

Not sure why they are 'pleased' to provide that update...... Seems a bit premature and pointless given the ongoing operation.Still early days and less than quarter of the frac fluids recovered.

[kobanaman] 22/6/2018 07:59

Might as well be 50 bottles of volvic RNS like this is only going to point the price in one direction...

[billyboychrisd] 22/6/2018 07:57

Water isn't cheap you know....The process is still on track, invest what you can afford to lose and would like to bet on a positive outcome. I've got my amount steady, no more, no less.

[wh0sthedaddy] 22/6/2018 07:56

50 barrels of water per day... how is this above 1p??