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TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake Watch Now

TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake
Exclusive: Hardman & Co Investor Forum - Severn Trent, Calculus Capital, Volta Finance, Residential


88 Energy Share Chat (88E)



Share Price: 0.95Bid: 0.90Ask: 1.00Change: -0.025 (-2.56%)Faller - 88 Energy
Spread: 0.10Spread as %: 11.11%Open: 0.975High: 0.975Low: 0.9245Yesterday’s Close: 0.975


Share Discussion for 88 Energy




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Cjml
Posts: 608
Opinion:No Opinion
Price:0.825
RE: Farm out news closer
23 May '19
Just asked him this question, paraphrase reply yes, it is there & new techniques will pin point the fairway better.
 
Cjml
Posts: 608
Opinion:No Opinion
Price:0.76
RE: Farm out news closer
23 May '19
@Newanda that also got my heart sinking a bit, but is he implying that there is a fairway to hit just where they drilled wasn't quite there, and the new Focused ion beam scanning electron microscope & hydrocarbon analyser with kinetics techniques will accurately find it?
Learningtoinvest
Posts: 700
Opinion:No Opinion
Price:0.76
RE: Farm out news closer
23 May '19
Process largely complete are the important words here. The fact that it may not come to pass is a possibility DW has to make us aware of by law. But l would say the RNS is now showing a very clear and confident positive edge in my opinion
Newanda
Posts: 245
Premium Chat Member
Opinion:No Opinion
Price:0.76
RE: Farm out news closer
23 May '19
For me this is the head scratcher:

“The nature of the dominant kerogen in the HRZ has been demonstrated to be prone to more rapid transformation into hydrocarbons than other shales initially used for comparison. This means that the thermal maturity window for volatile oil in the HRZ is at lower temperature than that typically seen in other plays. As a result, the Franklin Bluffs location (where both Icewine wells were drilled) is considered to be just outside the fairway. The kerogen in the HRZ at Franklin Bluffs has been converted largely to solid bitumen, with sub optimal intraparticle porosity and connectivity. The total porosity of the formation remains excellent – the effective kerogen porosity (pathways between the particles that contain the hydrocarbon); however, is lower than ideal. At slightly lower thermal maturity, it is prognosed that porosity/connectivity will be significantly improved.”

So we drilled in the wrong place, and one interpretation of this is that fairway has reduced in size. Does this mean less potential oil?

Also, how do they know where the fairway is? How do we know better elsewhere then at Franklin Bluffs? We don’t have core from anywhere else on our acreage do we?

I agree - Dave’s statement on Conventional FO is bullish which feels positive.
JofHoggit
Posts: 1,388
Opinion:No Opinion
Price:0.76
RE: Farm out news closer
23 May '19
And all this talk of jam tomorrow...

'The Company
advises that there is no guarantee that final approvals will be granted.'

DW doesn't do jam tomorrow, he does the sh. it could hit the fan tomorrow. Cautious Dave.

5 more weeks ain't long.
Neversatisfied
Posts: 1,096
Opinion:No Opinion
Price:0.76
RE: Farm out news closer
22 May '19
Is there only me a dirty stop up?
Neversatisfied
Posts: 1,096
Opinion:No Opinion
Price:0.76
RE: Farm out news closer
22 May '19
This should have a positive effect on sp.. GLA!
Neversatisfied
Posts: 1,096
Opinion:No Opinion
Price:0.76
RE: Farm out news closer
22 May '19
Awesome news that hrz remains prospective. That could have so gone the other way :)
Neversatisfied
Posts: 1,096
Opinion:No Opinion
Price:0.76
RE: Farm out news closer
22 May '19
Most confident I've heard Wally on the farm out

“Final decision on approval for the
conventional farm-out is now scheduled for June 2019 and we remain optimistic of a favourable
outcome for our shareholders in the very near term
Neversatisfied
Posts: 1,096
Opinion:No Opinion
Price:0.76
RE: Farm out news closer
22 May '19
Allooks very very positive to me
Conventional farm out all but signed.
HRZ confirmed as good potential shale play. All good stuff.
Neversatisfied
Posts: 1,096
Opinion:No Opinion
Price:0.76
RE: Farm out news closer
22 May '19
Just felt it in me bones that news very close :)
Neversatisfied
Posts: 1,096
Opinion:No Opinion
Price:0.76
RE: Farm out news closer
22 May '19
Des... Just look on asx Web site. All latest Ann on there as they come out.
Neversatisfied
Posts: 1,096
Opinion:No Opinion
Price:0.76
RE: Farm out news closer
22 May '19
Project Icewine Unconventional
Finalisation of advanced analysis using state-of-the-art technology has significantly advanced the
Joint Venture understanding of the nature of the HRZ play. This analysis has confirmed that the HRZ
is an excellent source rock with good potential as an economic shale play.
Newanda
Posts: 245
Premium Chat Member
Opinion:No Opinion
Price:0.76
RE: Farm out news closer
22 May '19
88 Energy Limited ("88 Energy" or the “Company", ASX:88E, AIM 88E) advises the following in relation to its oil and gas operations on the North Slope of Alaska.
Highlights:
• Project Icewine Conventional: farm-out process continues to progress with preferred bidder o Third party due diligence process now largely complete
o FinaldecisiononapprovalscheduledforJune
• Project Icewine Unconventional: advanced FIB-SEM* and HAWK** analysis significantly advances understanding of HRZ shale play
o Majority of acreage remains within revised prospectivity fairway
o Additional application of FIB-SEM underway to validate fairway revision
o Franklin Bluffs (Icewine#2 location) considered to be marginally outside revised fairway
o Formalfarm-outprocessdeferredto2H2019–softfarm-outunderwaywithcontinuedthird party interest
• Yukon Leases: discussions underway with nearby resource owners to optimise monetisation strategy
• Western Blocks: aggregation of additional data ongoing, with tender for reprocessing work to occur 3Q 2019
*Focused ion beam scanning electron microscope, **hydrocarbon analyser with kinetics
Desmond45
Posts: 498
Opinion:No Opinion
Price:0.76
RE: Farm out news closer
22 May '19
How do people access it so soon?
Neversatisfied
Posts: 1,096
Opinion:No Opinion
Price:0.76
RE: Farm out news closer
22 May '19
Not finalised but looking good
Newanda
Posts: 245
Premium Chat Member
Opinion:No Opinion
Price:0.76
RE: Farm out news closer
22 May '19
Ann is out
Neversatisfied
Posts: 1,096
Opinion:No Opinion
Price:0.76
RE: Farm out news closer
22 May '19
88 Energy Ltd.’s Managing Director, Dave Wall, commented: “Final decision on approval for the
conventional farm-out is now scheduled for June 2019 and we remain optimistic of a favourable
outcome for our shareholders in the very near term
Desmond45
Posts: 498
Opinion:No Opinion
Price:0.76
RE: Farm out news closer
22 May '19
Hotcopper announcement in 14 minutes. Prepare for jam tomorrow
Neversatisfied
Posts: 1,096
Opinion:No Opinion
Price:0.76
RE: Farm out news closer
22 May '19
Me thinks it's very close
S4KSecurity
Posts: 4,065
Opinion:No Opinion
Price:0.76
Farm out news closer
22 May '19
Holding strong. Very confident it will come. As a day passes, we are one day closer. 3p will soon be the monthly average sp here. Bring a few farmouts and we could be 5p plus here. Oh lord of the worlds bless us with a good deal, allow us to raise more than enough to fund Yukon and see greater successes here and see a sp of 8p plus within the year end. Ameeeeeeeeen!

Confidence 1000000%%%%%%%




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