88 Energy Share Discussion Threads

[tomford8] 19/1/2020 18:38

Charlie 1 appraisal

It's our best chance

Not all drills are equal, a bit like keyhole surgery, the external hole may be similar in size but not all operations are the same.

1) it's not an unconventional science well drilled from a convenient spot (gravel pad) and based on historic 2D data.
2) It's not a conventional well, location calculated by OEL using 3D but utilising old-style analysis (stoles migration) and with no local well data to support decisions.
3)Charlie-1 is an appraisal of an existing discovery, with modern 3D commissioned by ourselves and utilising seismic inversion analysis, importantly PMO will have effectively double-checked and confirmed that analysis.
Erik Opstad is vastly experienced and we have experience of NC3 Rig and probably have worked with a lot of the crew that will be operating the rig.

ultimately what will be will be :-) stay happy & I agree thanks to Brombarb on lse

[rodrod1] 18/1/2020 22:54

Nobody knows what the market will do when reacting to the array of results. The vast majority of holders at this stage, will be very aware of the main focus being the Torak.

It's the band of last minute traders and city spivs who will wet their knickers in the event that early results are not that compelling.

[lgraham86] 18/1/2020 21:38

Agree market would over react on indigo and charlie even though to be fair these are bonus drills so to speak, before the toruk..Sp should rise before spud, il b hoping to de risk around 1.70ish and let the rest ride till the full results in april...People wont look at the bigger picture and will over react on indigo, other side of the coin though a positive result from indigo leaves a very positive base for the rest of the results

[mynameiskhan] 18/1/2020 21:08

Need to slightly careful with 88E, currently it's valued over £90m without proven resources.They are drilling Charlie-1 and targeting 7 different zones primarily 3 stellar zones in Torok formation. Other zones are secondary and high risk. If company is planning to release weekly update (as always 88E does), then indigo & Charlie update will come first and both zones are high risk. Similarly, next update will be about Lima, which is again high risk al tough good indication of oil at Lima but reservoir quality is questionable (tight reservoir with less than 15% porosity).Market will punish, if get bad result from shallow zones. And then if oil find in torok, it's game changer.... easily 5p+

[lgraham86] 17/1/2020 23:53

Nice one pro! Soon be squeaky bum time haha

[pro_s2009] 17/1/2020 23:19

Under ASX rules they have to RNS any market sensitive info ASAP. So there should be plenty of updates once they get into the target zones.

[lgraham86] 17/1/2020 17:28

Pro will 88e be giving updates after each section of the drill? I cant find the timeline of info that will be released.Or maybe they will release this info as we spud timelines etcThanksLG

[pro_s2009] 17/1/2020 09:54

Buyers coming back, looks like those who sold recently trying to buy back in cheaper, might be coming back and taking it they only got back in slightly cheaper.

[lgraham86] 17/1/2020 04:25

Up near 9% at time of writing this in oz!Big push up next 4 weeks or so

[lgraham86] 17/1/2020 03:18

https://smallcaps.com.au/conocophillips-oil-search-88-energy-xcd-leveraged-winter-exploration-alaska-north-slope/

[lgraham86] 16/1/2020 23:55

That hits and who knows where this share price will end up come april, trying to be positive lol

[pro_s2009] 16/1/2020 23:50

It would indeed be nice to start with a hit at Indigo - stabilise the price at higher levels and leave things wonderfully poised going into the later main Stellar targets in the Torok.

Thats the dream scenario.

[lgraham86] 16/1/2020 23:44

Be nice to start off with a hit with indigo which is discovery , to set the tone !Market would no doubt react badly knowing aim if it wasnt a hit. Even with the lower drills still in play

[pro_s2009] 16/1/2020 23:03

In the main Stellar targets there is a 50% CCoS. Whats not to like. Ignore Lima and Charlie imo. Indigo has potential.

Buying will build next week imo, in the run up to the week after when news is due on FPD, RM, IRC.

[bigsi2] 16/1/2020 19:27

Tell that all to the board at Premier oil- You want the email?I'm sure they will be very interested in some useless know nothings opinion on COS- clearly your due diligence has been far more thorough than the respected professionals at PMOTHANK GOODNESS YOU TOOK THE TIME TO ENLIGHTEN US

[zoro9791] 16/1/2020 17:15

Hear this the last four years!!!! If you bought s&p500 you made 90% totally risk free. Here people lost at least 50% some even more!!Since 2016 the geopolitical situation has changed as well.This is a casino game now for the benefit of DW.

[saint in exile] 16/1/2020 14:11

Looking forward to this upcoming drill with a lot more confidence than the last two.Topped up this morning too, should have done it a while ago but funds were tied up elsewhere GLA

[lgraham86] 16/1/2020 10:44

Fingers crossed bud, there was a 24k buy aswell earlier on. They must be confident....

[pro_s2009] 16/1/2020 10:41

Wise move LGraham86, bit of profit taking going on as we know the next news is now 2 weeks away.

Buy the weakness and wait for the news end of the month. The final permit to drill and ice road done and rig mobilised, should see this then zoom through 1.45p resistance and hit new highs.

Chart wise good......higher highs and higher lows. As you did, buy the weakness :)

[lgraham86] 16/1/2020 10:40

This should have legs going into spud! But it is aim you never know what can happen

[m5] 16/1/2020 10:37

This has exciting prospects, but for me, right now, with a market cap of 88m already, its too expensive. I might have a dabble at around 1p. If I miss the boat that's life.

[lgraham86] 16/1/2020 10:33

Topped up abit here today stayin too lowFor me. Hoping its a wise move

[catchingmice] 15/1/2020 16:27

Drilling for oilSpell check