Register
Login:
Share:
Email Facebook Twitter


EXCLUSIVE: Aura Energy #Aura to IPO Swedish Vanadium prospect


88 Energy Share Chat (88E)



Share Price: 1.675Bid: 1.65Ask: 1.70Change: 0.00 (0.00%)No Movement on 88 Energy
Spread: 0.05Spread as %: 3.03%Open: 1.75High: 1.75Low: 1.60Yesterday’s Close: 1.675


Share Discussion for 88 Energy


Thread View

Please login or register to post a message on Share Chat.

Posts per page:

minden
Posts: 2,215
Opinion:No Opinion
Price:1.55
Investeroid.
Today 23:08
Good post. My thoughts exactly
 
longrass
Posts: 262
Opinion:No Opinion
Price:2.26
RE: hc
Today 23:08
JBG nothing wrong with your flow rate matey!
JohnnyB.Goode
Posts: 2,203
Opinion:No Opinion
Price:1.55
RE: OW on HC
Today 23:01
wjmflp, WTF are you on about? Do you have DW´s email please?
Whojamaflip
Posts: 321
Opinion:No Opinion
Price:1.55
OW on HC
Today 22:52
I do not have an account on HC so here goes:

Sorry but one of your posts says '......but it is the unknown unknown that will create the problems.........'

For my benefit (and possibly others) , could you either substantiate your current doubts with solid facts or change your methods for sowing it as I find your current posts deliberately ambiguous (my opinion of your posts).

It will seem to lower the esteem some hold you in a tad

wjmflp
JohnnyB.Goode
Posts: 2,203
Opinion:No Opinion
Price:1.55
Song for the ANN?
Today 22:50
SpiceMerchant
Posts: 1,001
Opinion:No Opinion
Price:2.26
RE: Calm yourselves
Today 22:48
Well put...
JohnnyB.Goode
Posts: 2,203
Opinion:No Opinion
Price:1.55
RE: hc
Today 22:38
JohnnyB.Goode
Posts: 2,203
Opinion:No Opinion
Price:1.55
RE: hc
Today 22:35
Reaper007. you explain it all to us then. I´m listening.
Whojamaflip
Posts: 321
Opinion:No Opinion
Price:1.55
RE: Calm yourselves
Today 22:32
Amen to that

wjmflp
Reaper007
Posts: 490
Opinion:Strong Buy
Price:2.26
RE: hc
Today 22:31
20.53: sadly, still no understanding at all of process of what Icewine 2 is all about. Very disappointing on a public board. VGLA
JohnnyB.Goode
Posts: 2,203
Opinion:No Opinion
Price:1.55
RE: Delay
Today 22:29
Another winter shut in. Surely not. That would mean sub 1p again, then a rise to 3p before the next fund raise and then a drop again as the artificial lifting Mk2 is announced. Come to think of it, that´s not a bad idea. Trader´s dream 😆
Alaskabeliever
Posts: 95
Opinion:No Opinion
Price:2.26
RE: Calm yourselves
Today 22:29
Here here. Well said.
Investroid
Posts: 815
Opinion:Hold
Price:1.55
Calm yourselves
Today 22:26
Some individuals need to realise this flow test is an exercise in patience as well as science. We do not know what we do not know. It's a risky play but we have some of the best minds tackling this task of getting the black gold out. The team are working in real-time under the changing conditions and have been very clear about this in their operations updates along the way. I'd like to highlight some key ones for some folk who clearly can't read in black and white. Key words in BOLD:

"The flow testing program has been designed to utilize nitrogen lift to assist the removal of UP TO an additional 4,000 barrels of fluid from the HRZ reservoir. It is ANTICIPATED that this will enable the hydrocarbons in the reservoir to flow naturally to surface at a representative rate. BASED ON MODELLING of the reservoir PRESSURE and FRACTURE CONDUCTIVITY, this is ESTIMATED TO TAKE 10-14 DAYS."

The latest RNS begins by saying:

Since the last update on the 18th June, ADJUSTMENTS WERE MADE to the flowback system to DETERMINE THE OPTIMAL SETTINGS for the NITROGEN LIFT operation. CONSEQUENTLY FLOWBACK RATES FLUCTUATED between an average rate of 50 barrels of water per day to 120 barrels of water per day. The percentage of hydrocarbon gas in the flowback dropped to 5% at one stage DUE TO AN INCREASED NITROGEN INJECTION RATE, 300 scf/m, which is DEEMED TO HAVE LIMITED the flowback of both water and gas from the borehole. The reduction in productivity is attributed to an effective downhole choke created between the 4.5" annulus and the 1.75" velocity string, limiting the flowback when the nitrogen rate is too high. The nitrogen injection rate IS NOW BEING REDUCED BACK to 150 scf/m and SHOULD RESULT IN AN INCREASE in flowback of water and gas from the borehole.

It ends with saying:

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. Salinity measurements of the flowback fluid are also NOT INDICATIVE of connectivity to the reservoir, AS EXPECTED AT THIS STAGE OF CLEAN-UP.

There you have it folks. Key points:

1. 10-14 days was always an estimate
2. They are still fiddling with the Nitrogen lift settings but crucially the Frack Fluid is still being removed
3. Results are as expected at this stage
4. BE BLOODY PATIENT AND LET THEM DO THEIR JOB!
BigT0
Posts: 251
Opinion:No Opinion
Price:2.26
RE: Delay
Today 22:26
Cant see there being anpther shut in. In my opinion for what its worth icewine 2, conventional 3D and Yukon are all being timed closely together to be parcelled up and sold to the highest bidder within the next 6 months. As I say just my opinion so I am ready for all the flak I am about to receive.
bigpat
Posts: 55
Opinion:No Opinion
Price:1.55
Get real
Today 22:23
For goodness sake grow up.results say going to plan that's all you need to know,everybody for sme reason is no a frack expert.regads
Stalin123
Posts: 2,740
Opinion:No Opinion
Price:1.55
Delay
Today 22:15
Not bothered at all that we are delayed. The only concern i have is that we find out one way or another this year and we don't do another winter shut in.
Before someone says don't be silly, think before u post.
JohnnyB.Goode
Posts: 2,203
Opinion:No Opinion
Price:1.55
RE: Possible update tonight?
Today 22:14
The stage is set. The red carpet has been walked, the stage lights are now on and the curtains are about to open for a packed crowd waiting to be amazed.

Come on 88E let it flow!
https://www.youtube.com/watch?v=oPK7ZF6jfJE
Whojamaflip
Posts: 321
Opinion:No Opinion
Price:1.55
RE: Annulus Choking
Today 22:12
And they will have the benefits of seeing pressure data live

LOL
Whojamaflip
Posts: 321
Opinion:No Opinion
Price:1.55
Annulus Choking
Today 22:10
Despite the funny header !

I have (in my own way) attempted to model the choke ratio at the annulus (in a crude methodology) on my own software.
The frack engineers will have much more sophisticated calculation software.

My own attempts show massive pressure reductions across the choking effect of transferring the N2 from a small bore, very heavy steel pipe to a larger bore very heavy steel pipe which gets worse at high gas velocity.
This is not even taking in to account the turbulence of the gas/FF mixing problems.

So my opinion does not alter from my earlier post.

They are trying to find the optimum gas injection rate to produce the maximum FF recovery rate.

All my own work and opinions.

(by the way I stopped at a pressure loss ratio of 2:1 at the annulus) which could be out significantly but at least I had a go for my own benefit

wjmflp
BB32
Posts: 164
Opinion:Strong Buy
Price:1.55
End game and possible delays
Today 22:07
Evening all,

Again the reduction in the flow rate due to changes to flow of N2 has brought the usual conspiracies and rubbish, the fact LSE Site down has not helped, glad to see that some are posting delay so what !

If you have followed this venture you will have seen that the main players are doing things correctly, taking their time and learning as much as they can from this unique 1 of a kind play, Paul B. Did say if it doesn't flow immediately it will, they might have to tweak it a bit, but ultimately it will flow. Dave stuck to his 50/50 COS and is playing this with a straight bat ( to pinch a cricketing term ) all recent announcements have been factual.

By taking time and meticulously recording every step of the way, the ultimate prize becomes one step nearer - general consensus is that most want one of the big boys to step in (early ) and buy us out , no one will do so without us proving what we have tried and done, in my opinion the longer it takes the better information we have.

The 30% figure quoted for return of frac water was a best guess by industry for most wells, we know as Paul said this is different so it may take a higher figure before the reservoir helps and kicks in, so we may have some more time to wait, however we have now seen an increase since Sept of hydrocarbons and have now seen a change from C6 to C6 + types , this in my opinion is one of the key clues that this is going to flow and we should see an impressive re-rating soon.

If it goes down tonight in Aus and here in Uk tomorrow it would be a Great chance to buy some more at a nice low price. Yes we all expected it to be higher - Remember 3D, probable Farm Out and Yukon announcements to come this year.

Final thought - everyone thought that Paul B was off his rocker when he persuaded Burlington Resources and Conoco that the Eagle Ford could be fracked and to buy up a large sweet spot ( one of Cop's most profitable )

BB32
MickeyMasters
Posts: 9,807
Opinion:Strong Buy
Price:2.26
RE: Possible update tonight?
Today 22:05
It's not desperation just silly immature unresearched uninvested childish games by childish people
mcivorv2.0
Posts: 1,027
Opinion:Strong Buy
Price:1.55
RE: Possible update tonight?
Today 22:05
Hope not. Some on here will find a negative with that as well.
JohnnyB.Goode
Posts: 2,203
Opinion:No Opinion
Price:1.55
RE: hc
Today 21:56
longrass, very funny 😂
PunkTrader
Posts: 44
Opinion:No Opinion
Price:1.55
Everyone knows....
Today 21:56
The pressure drops before the "rebound kick" KICKS in........ or do they...... mwah mwah mwah....
onedayitwillhappen
Posts: 2,047
Opinion:No Opinion
Price:2.26
RE: Possible update tonight?
Today 21:56
Maybe we'll get a 3D conventional insight tonight...Just to throw that out there




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk






Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.