Member Info for Brombarb

https://www.cnbc.com/quotes/PTHRF?qsearchterm=pantheon%20restriction

11:59
agree positive news but permeability is probably the key to getting oil to flow.
Permeability
The ability, or measurement of a rock's ability, to transmit fluids, typically measured in darcies or millidarcies.
https://glossary.oilfield.slb.com/en/terms/p/permeability

Good logic in post from OW.
For those new to oil an explanation of how oil is "stored" by former poster here SP_oiler
http://88ewiki.wikidot.com/conventional
Also
AOGCC Regulation relating to well spacing - so wells should be a minimum of 1000' apart where ownership changes.
20 AAC 25.055. Drilling units and well spacing
(a) The commission will, in its discretion, establish drilling units to govern well spacing and prescribe a spacing pattern by pool rules adopted in accordance with 20 AAC 25.520. In the absence of an order by the commission establishing drilling units or prescribing a spacing pattern for a pool, the following statewide spacing requirements apply:
(1) for a well drilling for oil, a wellbore may be open to test or regular production within 500 feet of a property line only if the owner is the same and the landowner is the same on both sides of the line;

17:18 Google just quotes last trade which may or may not be indicative of true trading price.
What is for certain is that tomorrows +- % calculation of the London stock Market will be based on the official close 87.69.
https://www.londonstockexchange.com/stock/RR./rolls-royce-holdings-plc/trade-recap
Long term share for me but so disappointing to drop today. :-(

15:32
only ~11.6M traded today on LSE, that represents less than 0.07% of all shares, notable though that the number of trade lines has been inflated by low value (sub £10) lines once again.

12:31
"Whilst the Company believes the optimum well design to exploit the Alkaid anomaly would include +8,000 foot lateral sections, in this first well the Company will adopt a more conservative approach with a shorter lateral simply to minimise operational risk."
https://polaris.brighterir.com/public/pantheon_resources/news/rns/story/x4nyq3r

magazine celebrating 40 years of Kuparuk oil field, interesting article
page 25-26 Ugnu #1 discovery well
"Before Sinclair became a part of Atlantic Richfield in 1969, it
drilled Ugnu No. 1, the Kuparuk discovery well. Several dry holes preceded this well"

https://www.petroleumnews.com/products/Kuparuk2022.pdf

Articles this week in Petroleum news Willow, 88E & PANR unfortunately all but the latter require subscription.
https://www.petroleumnews.com/

16:26
correction Talitha is ~2.8 miles away from boundary with our neighbours and not lease 392301 which was the site of Icewine #1 & #2 which I reckon is ~11.6 miles..

I think the key word is "some"
"Completed in-depth petrophysical re-evaluation of Icewine-1 and the broader Icewine East acreage, with results indicating comparable, or better, reservoir quality in some reservoir units relative to those of Pantheon’s tested intervals which flowed oil."
Rock is not homogenous so it's probably quite possible that in the Icewine East acreage that there are pockets of better or at least equal reservoir quality.
I await full interpretation of the FB3D data as per the ANN 27/06/2022 and of course results from our neighbours .
As per 15:05 perusal of Icewine#1 data did not indicate to me (non expert) great reservoir quality but Talitha just 2.8 miles away showed to flow so who knows.
Proof of the pudding will always be drill results.

09:37
Your guess is as good as mine.
08:33
ASX close will be influenced by last trade so not always a reliable indicator, more useful is to look at the volume traded (low) and the bids and offers as available on HotCopper.
As for the £2.00 trades can not see these being pocket money trades on a no fee platform, do they influence the mid price and restrict movement? no idea :-)

23:27
The activities to date of our neighbours has shown the potential for our jv leases at Icewine East and hopefully provoked / increased interest from potential farm out partners.
Success at our neighbours will only increase that interest and strengthen our negotiating hand.
I am more than happy to see that scenario proved.

88 Energy Ltd
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https://www.cnbc.com/quotes/EEENF?qsearchterm=

11:43
only ~14M traded so far today so those "sales" represent over ~50% of the whole, doubt it's anyone in the "know" rather some trading happening.
quite a percentage (~40%) of todays trade lines £2 or under, why that should be no idea but it is what it is.

08:42
Are those percentages factually correct?
Looking at London Stock Exchange openings for 18th July would suggest 88E has seen a little change gain and our neighbours ~5% improvement.

mirroring LSE?

88 Energy Ltd
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Volume 22,425,842

steady as she goes :-)

88 Energy Ltd
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Last | 10:53 AM EDT
0.0095 +0.0005 (+5.91%)
Volume 22,282,435

13:38
Do you know that for sure 100%

11:50
Whether it spikes or not really depends on the content of the next ANN(RNS) and indeed the next spike causal may not be as a direct result of 88E activities at all.

09:16
seem to be a mixture of buys and sell at ~£2 per pop,.
For what, why I am not sure .

15:59
88E have leases either side of the Dalton also.
https://dog.dnr.alaska.gov/Document/Download/69950C5416C04580A9E7BB5E377700AA/2022-06-22_North%20Slope%20Notification%20Lessee%20Map.pdf