Member Info for Brombarb

may be around under another moniker, not every bodies cup of tea because he refused to ramp the share up but I appreciated his (could be a her) input.

came across this whilst just doing a bit of updating - cleansing.

In answer to the "only 2% of oil has migrated from the HRZ comment made by Paul Basinski during London Feb Presentation and mainly due to questions as to whether we can back calculate the likely amount of oil remaining.

"Only some of the oil in place in Prudhoe is sourced in the HRZ. That oil may have come from other parts of the HRZ that were in the oil window earlier.

The oil still in the HRZ in our acreage is calculated using the measurements in Icewine 1 and using estimation of how the thermal maturity, thickness and TOC might vary across the acreage.

Forget the 98%. Paul used that to answer why migration was not important for the HRZ, because we are going after the oil that has been generated but has not migrated. This is how shale plays work." SP_Oiler Feb, 2017

Yes, the HRZ (= organic rich basal part of the HUE) is present across much of the Colville Basin. You also have to remember that other parts of the HRZ will be at different maturities and some of the oil in those other accumulations may have come from parts of the HRZ that are now over mature, so the % of oil generated and expelled from the HRZ will vary across the North Slope.
and
That is the interpretation of where the HRZ is currently in the thermal maturity sweetspot for shale oil production in the area around our acreage. You would need to know the burial history (and therefore depositional history and structure) of the entire Colville basin to know whether there are other areas on the North Slope that are in a similar thermal maturity window. However, as oil generation, expulsion and migration is a process that takes place over millions of years, and as conventional fields hold oil that has already been expelled and migrated to those fields, any HRZ sourced oil could certainly (and probably more likely) have come from other parts of the HRZ.

Remember, we are looking for the oil in the HRZ that has been generated but not expelled, which has a different history to the HRZ sourced oil that has been expelled and trapped in conventional fields.

SP_Oiler Mar, 2017

http://88ewiki.wikidot.com/glossary-of-oily-terms

particularly if plastic ones, bit of speculation conducted in a polite and informative fashion, not sure if anyone is clutching at straws :-)

https://appellate-records.courts.alaska.gov/CMSPublic/UserControl/OpenDocument?docID=539710
lets hope it gets sorted, will save us some interest.

12:52 whether there is any collusion to ensure a "flat" SP, the bcn deal is worth a read.

moneyhawk think AIM4's post 10:29 at face value makes sense, hopefully we will soon get some knowledge of what is really happening, but this is of course how we learn.
Have added your link to http://88ewiki.wikidot.com/the-markets

the idea is interesting and worth debate, but my view based on little knowledge of how the market works is that such an effective manipulation would be unlikely and indeed difficult to achieve on a predominantly p.i. share.
there may be simpler reasons such as at 19:14.

V111JAS 18:34
Thought there might have been a few more comments relating to that post, the SP has effectively flatlined for quite a while, is that the result of MM intervention (remember 35% of shares in SH) or just lack of trading?
Is the SP being managed? I don't know but its well worth thinking about.

I should google and see what you find, it's just oil industry jargon.

WAa four years in oil exploration time is nothing, plenty of junior explorers who were about four years ago and they have also suffered the same slings and arrows as 88E have (although the loss of PB was major), few have or indeed have ever had the potential that 88E and only a few have a controlling working interest in their prospects
Think oil exploration is no straight line, sentiment waxes and wains in line with activities, financial raises and POO etc.
Lets hope we will get good news soon.

WAa 15:43 never mind the quality feel the width, or should it be the other way around :-)

WAa thought everyone got paid to come to this board :-)

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investors lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
https://www.spreadex.com/financials/
https://www.spreadex.com/financials/shares/88-energy-88e.l/NLMT14rSVa

perhaps the thread gave it away :-)

"I had my finger on the sell button three times in the past month. In doing so, i missed STX at 6c and a couple of others. I'm still here waiting for the MF FO terms...overcome by my FOMO...but my ability to watch the grass grow is getting weaker. When it comes to the crunch, there is this niggling thought in the back of my mind...88E has OIL prospects...with many MM BBLs potential. Nothing in Aust. compares to this. So I say F it - and im holding...until they punch a hole into a pool of oil. "
Sure Alexei has hit the nail on the head for many, sure most also realise that they do have a choice and are prepared to take responsibility for their own actions.

see 08:42 below, one opinion of what may be happening, certainly static SP discourages trading.

Kay Cashman
Petroleum News
An informal survey of oil companies active on Alaska’s North Slope asked if they thought there would be shortage of drilling rigs on the North Slope for the next two winters’ off-road exploration seasons and the consensus was no - with one caveat.
Paul Mazzolini, Hilcorp Alaska’s drilling engineering advisor, said best what was reflected in the responses from other firms’ senior managers, most of whom asked not to be identified.
“I believe there will not be a shortage of drilling rigs for the 2019-2020 and 2020-2021 winter exploration drilling seasons,” he told Petroleum News in a July 31 email. “Doyon Drilling and Nabors Alaska each have two mobile drilling rigs while Kuukpik Drilling has one rig that would be available.”
And the caveat? Secure a rig early in the process.
“Smaller Independents or any possible new operator to the Slope would need compete with COP (ConocoPhillips) and Oil Search for those rigs, which would require them to be out into the market early in the year to be able to capture a rig for the winter drilling from the established North Slope exploration drilling operators,” Mazzolini said.

Hilcorp built and operates the Innovation Rig, he said, “which will work very well for winter exploration drilling.” At this time Hilcorp has no plans for exploration drilling in the 2019-20 winter season, Mazzolini said.

Another operator said Parker Drilling was “gearing up” to meet North Slope demand for rigs.

A mid-size independent executive said he also didn’t foresee a North Slope rig shortage, noting “rigs will make their way there - companies are planning ahead.”

An executive from a very active North Slope operator heard about the survey and shared his thought outside the usual channels: “We all learned our lesson a few years ago when oil prices rocketed and we’re planning ahead now, reserving rigs as soon as possible or bringing them up from Outside.”

nothing would surprise :-)

08:09
"I out favour" ?

traded volumes are insignificant at the moment
July 283M trades across all major markets (4.5%)
last 5 days 64M, but as every buy needs a sell can not see anyone is accumulating at the moment.
however w.d.i.k :-)