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Is that a catch question wolves2211?
If we had found Oil, how would we have transported it?
Thanks Phrontist.. Glad to see you are still bere albeit licking wounds like rest of us.
Be very interested to know just how big tbis condesate find is.
Yesterday's ANN "Charlie-1 Confirms Large Condensate Discovery in Torok Formation"
Jiddy I think that was overlooked by many yesterday. Hopefully Dave will explain in detail in Agm what this could mean for us.
You will be OUT now then - no need to post here anymore!
That's what I am waiting for Kip, if not the AGM, then a Proactive podcast.
It does say a LARGE discovery - DW will be talking to Gas experts after analysis of the samples.
Wolves.. Premier have their own issues at the mo with debt.. results of court case pending etc etc. There is more than meets the eye to pmo ditching this. Not all bad for 88e.
12.11 - yes it has been overlooked. When it supposed to be an appraisal well flow testing an existing oil discovery, the only things that really matter are that no flow test is being carried out and the FO partner has walked away due to it not meeting expectations.
Need more detail on it to really make an informed decision, could take some time for that, but hopefully the team is working flat out to provide this.
Phrontist, I was thinking the same Exxon has this $3 Billion plant where they do the same, Its 72 miles away. I initially was ruling it out as I was thinking as a guestimate that pipeline would cost 1 million per mile ? but when you look that they produce 10,000 barrels a day. thats only 4 gallons a second.
Our field would be smaller. So you could get away with a lot lesser pipe.
As long as no one can break it and have it leak all over Akaska, which wouldnt be good.
can break=can't break.
Consider it done - you must like talking to yourself!
was wondering about Lefkosia? he went wissing before the £0.002 party.... no sign that I could see.... may be has fallen to the CV ?
Given yesterday's news and COVID-19, I now believe that it is imperative that the company cut's it's Cost base. I would expect an Announcement at the AGM tomorrow or shortly afterwards.
Arabian, do you have any knowledge of the condensates mentionrf in the RNS. With the TAPs being clogged with heavy oil, the ethanol rich condensates are worth a premium as they help the flow. Obviously we will get an official analysis in a few weeks but if you have an earlier interpretation, we can get in or out sooner..
Some excellent posts on here today - thanks MrMartini, Blingybird,Shaa,Kip, TodayistheDay and of course Jiddy. If I can just add another reason why it might be worth waiting until the fat lady sings - my other current AIM investment saw me start at 1.28p and then a major (Newmont) waked away and of course the SP bombed and the world seemed over. After awhile and some redirection another major appeared (Newcrest) and the SP is now 5.28p and climbing with multi bag prospects. So who knows 88E may explore a new track and do something similar. Like many have said PB was excited about something and thag might be just around the corner. I'm not ready to quit until I'm 100% sure the great man got this one wrong but each of us needs to make our own minds up - i just know that from doom and gloom there is onlh one say things can logically go and i hope this is as true for 88E as it is for my other AIM investment. VGLA and if you have your health you have everything!!
Jiddy, you're full of it. At least brombarb has the decency to retreat . Premier bailed, which says a lot. My account, like all, decimated. Their is still hope. Let's see where exactly we stand tomorrow.
We all had a choice Redirons - many have fled to the hills at a considerable loss.
Some, including me, have taken the immediate loss on the chin. I will reserve judgment, based on the "large discovery of condensate", the analysis of samples from the HRZ" and te fact that we have incurred NO drilling costs. I would also like clarification regarding PMO's 60% WI.
Watch this space!