88 Energy Share Discussion Threads

[sophisticatedtrader] 10/3/2023 11:22

This looks exciting imvho... looking forward to seeing how this progresses ... I'm in for a few. 🤩

[lobo] 10/3/2023 10:13

Flush out the weak holders.

[tidy 2] 10/3/2023 08:02

Start those engines.

[gowski] 10/3/2023 07:33

From this mornings rns.4. Prospects are subject to a phase risk (oil vs gas). Chance of oil has been assessed as 100% for all targets except for the Kuparuk Formation which has been assessed as 70%. Phase risk has not been applied to the unrisked numbers.

[sharetalk] 08/3/2023 21:43

Oil stock followers may be interested UKOG drill Pinarova-1 end March 2023. Location already has oil seep and flow from above shallow stacked structures, to be drilled:

UKOG
1/3/2023

Turkey: Pinarova-1 well update

Highlights:

-- Drilling rig secured for new Pinarova-1 shallow oil exploration well (UKOG 50% interest) , designed to test shallow Eocene Hoya light oil prospect, of some 9 km(2) areal extent, 300-645m below surface . Pinarova lies beneath an active light oil seep found last summer in a seismic shot hole, 6 km north of the Company's Basur-1 oil discovery.

-- Site construction now expected to start in 7-10 days with an estimated duration of around 14-21 days, given good weather.

-- Drilling to a total depth of around 500-550m to directly follow site completion, currently expected around end March to early April 2023. Dependent on outcomes, expected drilling campaign duration up to 28 days.

-- The Company is fully funded to cover its share of the expected $0.4 million gross dry hole and $0.63 gross success case (tested and completed as an oil producer) costs.

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that the Resan JV (UKOG 50% non-operated interest) having secured a suitable small rig to drill the new Pinarova-1 shallow oil exploration well, now expects to commence site construction within the next 7-10 days. Site construction is expected to take approximately 14-21 days and, consequently, given no weather-related construction delays, drilling to a total depth of around 500-550m is expected to commence directly after site completion towards the end of March to early April 2023. The Pinarova-1 campaign is expected to take up to 28 days to deliver a well completed for future oil production.

As per the Company's 11(th) January 2023 release, Pinarova-1, located 6 km north of the Basur-1 oil discovery, is designed to test a working hypothesis, supported by well and seismic data, that the active 41.7˚API light oil seep found last summer in a seismic shot hole above the Pinarova structure (see RNS of 30 June 2022), is directly fed by and connected to an underlying light oil accumulation of some 9 km(2) areal extent within Eocene Hoya group limestones, 300-645m below surface.

The presence of movable oil within Pinarova is also indicated by results of the 2018 Kezer-1 shallow geothermal well, located near the apex of the Pinarova geological feature. Kezer-1 reported strong oil shows throughout the Hoya and is reported to have flowed heavily oil-cut fluids to surface on a short open-hole geothermal test.

The Company and its joint partner Aladdin Middle East consider Pinarova to offer similar potential success case outcomes to a Basur-4 appraisal well, but at much lower drilling and development costs and with a shorter time to execution and delivery.

Estimated gross Pinarova-1 drilling costs range from $0.4 million dry hole to $0.63 million tested and completed as a pumped oil producer. The Company has ample funds to cover its share of the planned drilling and testing campaign.

Stephen Sanderson, Chief Executive, commented:

"Pinarova's prospectivity, potential success case oil volumes and modest drilling costs make it an attractive stand-alone project that could, in the success case, deliver oil production in H1 2023. Given the positive shallow oil seep evidence plus the good light oil shows encountered within Pinarova by the Kezer-1 geothermal well, the new well will seek to establish if that oil is present in commercially viable saturations and volumes that can be pumped to surface. We look forward to the impending start of site construction and subsequent drilling directly upon its completion."


UKOG
6/3/2023

Pinarova-1 drilling update

-- Company granted Turkey's General Directorate of Mining & Petroleum Affairs' formal consent for Pinarova-1 well geological & technical objectives & design. GDMPA must receive notice of intended "spud" date 5 days before drilling spud, still expected around end Mar/early Apr 2023.

[isno] 08/3/2023 13:02

Nice but uno what's better ?

[lobo] 07/3/2023 16:02

It's kicking off...

[talais] 07/3/2023 07:13

About to spudhttps://twitter.com/88EnergyLtd/status/1632943946921017344?t=Fcfp8gPDYazc_yw2I9716w&s=19

[neo26] 04/3/2023 16:02

Rig started to move 9.00am uk time today, will get their at midnight uk time.Spud the week coming.

[talais] 04/3/2023 07:07

https://www.youtube.com/watch?v=z5SI2OQv1S4

[talais] 03/3/2023 14:43

09:07posted on PANR sitehttps://twitter.com/Adz_UK22certainly looks "riggish", could be shadow - posted 01/03/23 could be earlier.All academic in next 48 hrs I hope.

[master rsi] 03/3/2023 12:36

Finally, the MM at 0.70p ran out of shares to sell at that offer price
sp now back to the early morning 0.75p offer, and that is what everyone is paying now full price 0.75p

or maybe the seller keeps some for later on, all was arranged with the MM of the amount for sale.

[master rsi] 03/3/2023 11:27

The Proactive link working here ...

[master rsi] 03/3/2023 11:16

A very positive level 2 of 6 v 1
Yes only 1 MM quoting 0.70p offer

[talais] 03/3/2023 09:51

https://www.proactiveinvestors.co.uk/companies/news/1007952/see-why-88-energy-investors-are-getting-exciting-ahead-of-new-alaska-well-1007952.html

[linda888] 03/3/2023 07:42

3p higher good news

[waltzing] 01/3/2023 14:29

Spud on track all trains cancelled. Makes a change from leaves.

[snoopdogbelfast] 01/3/2023 13:05

Still waiting on this take off

[daar] 01/3/2023 08:08

Today probably the day to take off! We wait and see :)

[babajanas] 27/2/2023 07:42

Step by step

[neo26] 26/2/2023 22:45

Spud on track, rns out in asx.Get your golden tickets.