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Who was the genius that calculated this £20 to £40 million a year
With such low flows and a $17m drill and complete cost, it just will not happen
The only scandolous matter here in the past 4 days is you pumping this to death sharebel and drawing people in to a share in a company that has never done anything in over 8 years other than pay fat cat salaries to the Board.
my views.
Ssccss, 1.55 x 48 = 74.4bbls/d
SP building back up nicely! MM having to flip flop it back and forth to keep control- sellers who now have parted ways will not be allowed back in lower once they’ve sold. It’s a hold tight scenario pivot point is 35! Only 1 hour in. Patience pays but it’s been SCANDALOUS these past 4 days on the 2nd oil discovery RNS - AIM at its very worst but the perpetrators are being seen off by the company and now revealing further info with HIGHER nos than we thought! I’ve said all along during this short attack manipulation this week - buy when others are making you feel fake fear! 2024 is the year for 88E! IMHO DYOR
Because it's a con!
Sharebel, you said they had commercial oil, now you are trying to backtrack as you've been called out as a liar, and you are now quoting the rns, which is correct, but that says nothing of the sort that they have any commercial oil.
‘Commercialisation options' - that is not commercial oil of any nature.
Ditto
The well was cleaned-up and flowed for 84 hours in total under nitrogen lift, with ~68 hours of clean up prior to the flowing of oil to surface, with the well flowing oil over ~16 hour period.
· The well produced at an average oil cut of 4% following initial oil to surface, with instantaneous rates observed during the 16-hour period varying as the well continued to clean up at managed fluid flow rate of ~170 bbls/d with a calculated total volume during the flow back period following establishment of oil cut of ~4 bbls of oil.The SMD-B test produced at a calculated peak flow rate of ~50 bopd, which was an instantaneous rate calculated during the flow back period via a measurement of observed oil cut and fluid flow rates.
Massive amount of selling going on.... openheimer cashed out and moved on...
During the established production period of 10.5 hours the well produced at an average oil flow rate of ~ 42 bopd during the natural flow back period, producing a total of ~ 19bbls of oil. Approximately 6bbls of oil was also recovered during the clean up / non-established production period.
· The USFS test produced at a peak flow rate of over ~70 bopd, which was an instantaneous rate calculated during flow back period via an oil tank volume measurement of 1.55 bbls over a 30 minute period.
If its do poop 💩 why are they planning to pump it out the ground?. Just a question if anyone can answer
Ssccss filtered for same reason
Applebee, there is no material difference. Not a positive one anyway. If anything I think the figures looks worse now.
what an absolute ******* 🔔 jog on
I still don't get it. What is the clarification? I'm not seeing material difference but it may just be my lack of knowledge.
He is crying over spilt milk
It seems this was the news the market was waiting for, we should start to move up now
Today 07:00
RNS Number : 3061L
88 Energy Limited
19 April 2024
19 April 2024
88 Energy Limited
FURTHER INFORMATION ON HICKORY-1 FLOW TEST RESULTS
ANNOUNCED 2 AND 15 APRIL 2024
Highlights
· Dual success at Hickory-1 with the flowing of light oil from the USFS and SMD reservoirs.
· Post flow test studies to commence including the securing of additional Contingent Resource estimates.
· Commercialisation options to be considered in parallel, including farm-out to a strategic development partner and/or early and a capital-lite development.
Ssccss
There have been a number of formal complaints laid with the ASX, I think this is the result, a reluctant clarification
Saying they are seeking a JV partner actually means nothing. There isn't enough information yet for any company to decide to invest. It's all smoke and mirrors. Concerning that they have released so many RNS this week... To get the sp higher imminently. Have a think about that.
Where is he?
Olderwiser, fed up of your posts, filtered, should have done it weeks ago
They are sick in the head and seriously need help
Neither Older or Wiser😎!!!!!!
I can't understand why they have released this now. They should have put this information in the original RNS. The numbers here are clearer but I can't see any cause for excitement?? 30 mins is a joke. How is that a decent test? Very strange. Unless testing for longer would mean they would have to report worse results...
Tosspot you clown they are seeking JV farm out to produce that is COMMERCIAL lol - hes suffering tough don’t bet against the company! Now stop whinging and lying! IMHO DYOR
From the RNS
‘Commercialisation options to be considered in parallel, including farm-out to a strategic development partner and/or early and a capital-lite development.‘