88 Energy Share Discussion Threads

[pro_s2009] 06/3/2020 04:48

When there is blood on the streets.......buy :)

SARS proved that when these things happen, jet fuel consumption crashes but everything else remains the same.......and then there is a big demand boost on the recovery - which should mean strong oil prices in Q2 and all through this year, especially with US shale growth flattening out now.

Patience........patience.........

[gooner1886] 06/3/2020 03:15

Markets being hammered again expect another bloodbath in the oil and gas chaps

[pro_s2009] 06/3/2020 01:30

There are 8 targets........main targets are at the bottom, secondary low CoS targets above.

Expect news on targets 1 and 2 say week of Monday 16th March

The remaining 6......well, lets wait and see when we get news on the first two.

[snowyflake] 05/3/2020 16:03

I am interested in PANR. This may have been asked and answered but when is the Charlie target depth be estimated to be reached?

[rossowheels] 05/3/2020 15:45

Usual pattern prior to news.

[mynameiskhan] 05/3/2020 15:40

Due to American market are down. May be some are derisking before indigo result

[lithological heterogeneities] 05/3/2020 15:39

Unbelievable how this keeps going down.

[viku111] 05/3/2020 15:23

Price seems to be tanking again

[pro_s2009] 05/3/2020 11:42

Interesting, was only expecting 1m at the most. If its 1.5m that would be significant.

OPEC ministers have agreed to reduce oil production by 1.5mbpd - Sources

[lithological heterogeneities] 05/3/2020 10:41

Big news at Angus Energy (ANGS) this morning.
Was 38p,fell to 0.55p, now 1.2p.
Re-rating underway on todays news and ahead of likely Balcombe approval on 24 Mar 20.

[pro_s2009] 05/3/2020 08:09

From PMO results.... PMO calling Charlie-1 a High Value well....yes, it is. Also confirming PMO can become operator of Alaska Area A, as well as farm into Areas B and C.





New prospective acreage captured in Alaska and Indonesia; high value near-term E&A wells planned with Charlie-1 (Alaska) drilling ahead and Berimbau/Maraca (Brazil) to spud in Q3


Alaska

2019 saw a new country entry for Premier, with the Group farming in for a 60 per cent interest in the conventional Area A Icewine project in the Alaska North Slope. Area A contains the Malguk-1 discovery drilled by BP in 1991. This well discovered but never tested 251 feet of light oil pay in turbidite sands in the Torok formation, within the emerging Brookian play where a number of developments are currently underway. Premier estimates an accumulation of more than 1 billion barrels (gross) of oil-in-place. The Charlie-1 (Malguk-1 appraisal) well spudded post period-end on 2 March and is currently drilling ahead. Premier plans to flow test the well with the results expected in April. On successful completion of the work programme, Premier will have the option to assume operatorship and to opt-in to Icewine Area B or C.

[pro_s2009] 05/3/2020 08:07

viku, its too valuable, potentially, to be farmed into.....88E would want too much, PMO would be willing to pay too little........ So you have to prove it in order to get the value you want, all being well.

Kind of like BPC and their farm out, BPC want x and majors are offering y, so you go it alone.

[viku111] 05/3/2020 07:27

No middle man but yet the share price ends where it started... all level. Surprised by this, let's see how the next few weeks say.Re - HRZ bitWhy did PMO not want to be a part of this one any idea? They farm in for 7 but leave the 8 alone? If potential of HRZ is huge, why would PMO not want a peace of it any idea?

[lithological heterogeneities] 05/3/2020 06:43

Maybe more trading in Oz but nothing happened to the share price.I find this all very surprising considering we are now drilling the largest on land oil field in the World this year with up to 480m net to 88E, including 4 appraisal zones.I am sure we will soon have the last laugh though with a string of news from the well shortly.Fingers crossed for a great few weeks ahead.

[pro_s2009] 05/3/2020 01:34

Would expect them to be cementing casing and BOP checks over this coming weekend and then drilling ahead.᥿9;

Depending on how quickly they get things done, they could be drilling through Indigo and Charlie targets on the 11th or the 12th or the 13th........difficult to say.

Fast case I would suggest news  Thursday 12th  or Friday 13th from indigo/Charlie and slowest case, news on Monday 16th March on Indigo and Charlie.


Then its onwards to Lima and then the big Primary Stellar targets.

I am hoping

1 update for Casing/BOP checks news
1 update for Indigo/Charlie targets
1 update for Lima/Stellar targets
1 update for TD and HRZ zone coring and wireline
1 update for selected zones to be flow tested
1 update for flow test starting 1st test
1 update for initial checks on HRZ shale cores
1 update for flow test results 1st test
1 update for flow test starting 2nd test
1 update for flow test results 2nd test
1 update for further info on HRZ shale cores and testing


Something like that, plenty of newsflow.

[pro_s2009] 05/3/2020 00:52

Bit stronger today in Oz...... 10m traded so far.

In Oz on the ASX there are no MM's as such, and so 10m traded in Oz is like 20m traded through MM's on London AIM as no middle man.

[investor_2] 04/3/2020 22:27

Chungy you sad act get a life pal

[pro_s2009] 04/3/2020 14:25

Current actual spread is

Buy 1.19
Sell 1.184

[viku111] 04/3/2020 13:12

Am risked to the max here with 3M shares.. let's see what next few weeks hold

[simliak] 04/3/2020 13:06

Bpc is where my profit from 88e would deffo go and will also cream it up there people!
Gla

[pro_s2009] 04/3/2020 12:18

Indeed.......tis the plan.

[lithological heterogeneities] 04/3/2020 12:07

88E profits to go into BPC if it all works out well.

[pro_s2009] 04/3/2020 12:00

Its a high risk high potential reward game viku111......... if you want to have potential big gains, you have to take big risks.

All part of the fun - life is boring and mundane without risks.

its why casino's are popular........the chance to make big wins, knowing you can also lose as well.

[viku111] 04/3/2020 11:57

At 1.18p.., I'm holding my excitement for now lol..,;