88 Energy Share Discussion Threads

[viku111] 07/1/2020 08:13

Drill starts in Feb and ends in April. This included the final HRZ as well?

[4sta] 07/1/2020 07:57

Finally confirmation that the ice road construction started in December as promised in our last RNS. Everything on track for the upcoming spud.

[pro_s2009] 07/1/2020 07:38

If you add PMO debt to market cap - they are a multi-billion dollar company. Now, even for them, they state the Malguk-1 well is potentially transformational......imagine what it could do to little old 88E :) Massive upside.


Tony Durrant, Chief Executive, commented

We also look forward to drilling our first well in Alaska, a potentially transformational well for Premier."

.

[pro_s2009] 07/1/2020 07:11

Yes....

From PMO update today



.....Exploration portfolio materially enhanced with the capture of new acreage in the Andaman Sea (Indonesia) and on the Alaska North Slope; pipeline of near-term high value E&A wells including Malguk-1 appraisal (Alaska) and Berimbau/Maraca (Brazil)......

.........In November, Premier completed the farm in for a 60 per cent interest in the conventional Area A Icewine project in the Alaska North Slope. The Nordic-3 rig has been contracted to appraise the Malguk-1 discovery which Premier estimates could contain over 1 bn bbls of STOIIP. Construction of the ice road connecting the Dalton Highway to the well site commenced in December with the rig on track to arrive on location in time for a February spud. ........

.

[rodrod1] 07/1/2020 07:05

Construction of the ice road connecting the Dalton Highway to the well site commenced in December with the rig on track to arrive on location in time for a February spud.

From Premier RNS this morning

[pro_s2009] 07/1/2020 05:12

The break through 1.5p should be the decisive one in the pre Feb period. That is resistance... Break through and reaching 2p plus should be easy

[lgraham86] 07/1/2020 05:07

Fingers crossed be good to push through 1.5

[pro_s2009] 07/1/2020 04:53

Looking forward to an update here Thursday latest. Consolidating well so far and should soon be ready for another push upwards.

[lgraham86] 07/1/2020 04:49

Ah right ok fair play

[pro_s2009] 07/1/2020 04:37

Currently Singapore.... Bounce between here amd Hong Kong.

[lgraham86] 07/1/2020 04:08

Pro where are you based bud UK of OZ?

[pro_s2009] 06/1/2020 22:29

26m traded, good consolidation volume..... news coming soon.

[lgraham86] 06/1/2020 11:40

People selling this at 1.35 nowhere near spud throwing money away

[a2584728] 06/1/2020 11:39

This is looking reading to jump up. Where do we think it could go

[pro_s2009] 06/1/2020 09:28

Will be good to break through 1.5p....this week maybe.

[pro_s2009] 06/1/2020 09:20

PMO update is Thursday... PMO might have asked 88E to update Thursday morning as well.... So same day news on Charlie-1

Thats what I expect.

[rodrod1] 06/1/2020 09:12

One certainty with DW in charge is that he would announce if there had been a problem. The temperature has been way below the -22c needed.

The building of the Ice Road is proceeding in line with the last RNS imo.

[4sta] 06/1/2020 09:04

You're right pro. They announced on the 7th that construction began on the 2nd. If ( as they say ) they hoped to commence construction for this drill prior to end of 2019 why haven't they announced it if they have done so? Just making me a bit nervous, that's all. It takes a long time to construct these ice roads and we only have a certain amount of time to get everything done as we are reliant on the weather holding for us.

[lgraham86] 06/1/2020 08:59

Bit of patience bud :-)

[pro_s2009] 06/1/2020 08:54

I think it was the 7th of January

[pro_s2009] 06/1/2020 08:53

What date was the update in January last year?

[wolansm] 06/1/2020 08:49

It's weather dependent perhaps it's sunny

[4sta] 06/1/2020 08:21

They said in the last update that ice road construction was scheduled to commence prior to the end of 2019. If it has, why haven't they put out an RNS to confirm like they did on the last drill? Looking at the buying action today it looks like i'm not the only one a bit concerned.

[pro_s2009] 06/1/2020 07:07

..........At the smaller end of the energy market, 88E Energy (ASX:88E) had a strong week finishing up around 20% and has now more than doubled in price since its October lows. The higher oil price has helped, as has news that upcoming drilling of the company’s Charlie-1 appraisal well at Project Icewine, on the Central North Slope, Alaska, is on track. 88 Energy announced last week that an ice road construction is about to get underway and the February-scheduled spud is proceeding as planned.

Speaking of the Alaskan North slope, this is a region that increasingly looks to be coming back into favour and could be an area of interest for energy investors in 2020.

In December, the US Bureau of Land Management’s Alaska State Office held its most successful annual lease sale since 2006, receiving US$11.2 million in bids for more than one million acres – a significant lift in interest from the prior year’s bids of just US$1.5 million.

ASX-listed Alaska North Slope junior, XC...............