Member Info for Brombarb

fracture half length !!

If you genuinely believe that the SP should be higher (or to low) then you need to have based that belief on the fact that 88E has something special in Alaska and deserves more. Despite the current SP doldrums that we appear to be in, nothing in respect of the project itself has altered. 3 projects all with important results to come over the next 1 - 6m. and fully funded into H1,2019. Yes I can accept that for those not in profit it would be great to be showing some, but do not confuse how the market sees the share with the actual project itself. SP today means absolutely nothing unless you are wanting to sell.

Brent $78.55 (07:49) http://www.livecharts.co.uk/MarketCharts/brent.php

2.7M traded or 0.05% of all shares! 4.0c = ~ 2.26p 4.1c = ~ 2.32p Mkt cap $233.4M ASX(close) 4.0� 4.76% down Volume2.549M Chi-X (close) 4.1� 3.57% down Volume148.7K

IceWhinge well said.

Lazarus65 said: ↑ The complexity of potential outcomes is further accentuated by the various investment objectives of shareholders. I tend to over-simplify it in my mind, so that I can derive a strategy that I can live with. And that is that a) HRZ is the main game and there is no dispute that oil is down there in vast quantities (remember the beakers; remember the DeMac report); and b) conventional is the icing on the cake, albeit a thick layer of icing and also albeit an icing likely to be tasted before the main cake is baked. So what? Well, it looks like a conventional farmout on some of the icing is imminent, and is designed to not only progress the project but also start to return some (see through) value to shareholders. An opportunity for investors to derisk, or free carry or just bask in the paper profit. And for some, to exit with strong gain. For the remaining (and new) investors, time and treasure to bake the cake would have been bought by the company. After all properly creaming the curve still takes time, particularly when venturing off-piste on the tundra, as they will have to do at some point for delineation purposes. Which brings us to 2V flow test as the imminent next step in the cake baking. Noting point a) above, even a �failure� with the flow test is not the end of the journey. A setback yes, but nothing terminal. Not in the least IMO. Remember the beakers and the DeMac report. It is a prospective resource because the extraction technique has not been established yet. But it is an engineering challenge that is not rocket science. If 2V fails, the knowledge it will provide will help the 3v/h test well. And if that is sub-optimal, then the 4v/h test well will be the richer for it. My point being that the nut will be cracked. Even if 2V flows better than the 100 bopd hurdle rate, much has been learned to improve the next well (2H?). The see-through valuation upgrade provided by the conventional farmout will provide investors with a means to risk adjust their exposure to the longer cake baking journey. IMO. As always, DYOR & GLTA.

longrass past 88E history seems to suggest that the stimulus for SP movement is not the announcement or even start of operations, in fact during the early stages of drills we falter a little, think FOMO will kick in but it may be for quite a short period before flow results expected, its difficult to know and sometimes we see SP growth on nothing or what could be seen as unrelated news.

ShinFalls that is a fact, as is that trades today are closing in on 20M, much better than yesterday.

Swabbing "In short, swabbing is a form of �well control� that releases bottom hole pressure in order to �kick� the well off. When wells are first drilled, they are usually fractured by a pressurized liquid to help open up �production zones� where oil or gas can travel to. The next step is where the actual swabbing takes place. Swabbing rigs are then used to remove the fluids from the production zones. These swabbing rigs normally have a winch with a cable and a foldable mast with a pulley on top. First, the rig operator must back the machine as close to the well as he possibly can. Next, the operator raises the mast and moves it until it is aligned with the center of the well. Next, the operator lowers the cable in and out of the well via the �winch drum�. Here, the operator must be able to maintain control of the machine while taking into account the well�s sound and depth. The activities of the swabbing rig then allow for the removal of the liquids inside the well. Standard practices involve removing 6 barrels of fluid out of the well. This practice if referred to as a �Run�. Some wells may take just one run while other may require multiple. Removing these fluids then causes the bottom hole pressure to increase. This allows the oil or gas to be pushed out of the well to cause it to start �flowing�. Oilfield workers may then start collecting and storing the natural resource that it being emitted from the well they are working on. As the well ages, the bottom pressure of the well may not be enough to push the oil and gas out of the well anymore. The well has then stopped flowing and the swabbing process needs to be started over again. http://www.tigergeneral.com/swabbing-well-explaining-process-simple-terms/ https://www.youtube.com/watch?v=zOU0RPU_tlo

27837 barrels of water plus 1M pounds proppant. multiple HRZ cores taken Icewine#1 so composition is well known, the big factor is the wettability in situ. We did not achieve connectivity to reservoir before the shut in, the proof will come in the next two months I hope.

Why after 6months of imbibe & pressure build up are they going straight to artificial lift? Could they just not use the 6 month imbibe & pressure build to re flow the well? Thus saving money DW We will flow until the pressure gets to the ideal level for artificial lift based on the modelling. The jury is out as to whether imbibition was effective. Q & A October 2017 see also page 11 Feb presentation, factors to be resolved.

Phrontist are you suggesting that we did not have near 9months of winter when flow tests with out heating were not possible. :-)

yesterday only 16.1M total so closing in on that target helped by a UT trade of 400,000 shares.

it's them damned mid points again! shuffled like a deck of cards

MrMartini During the early part of the flow back "Flowback operations continue, with fluid composition comprising 100% water. A recent increase in salinity of the recovered fluid possibly indicates that some in-situ reservoir fluid is starting to flowback. 3rd July,17 and 15.3% fluid recovered. Reading the information below and doing a bit of timelining as a result gave me some confidence, coupled with Garry's posts as well :-) http://www.gekengineering.com/Downloads/Free_Downloads/Fracturing_Flowback_Controls_Analysis_Benefits_15_Jan_2014_v2.pdf http://88ewiki.wikidot.com/drilling

Sprintman interested is you trade showing below, which side of mid point is it? http://pumpedordumped.com/prices/price.php?latest=88E

olddad as long as it's not Neptune we are OK :-)

MrMartini Because we estimated 30% fluid retrieval required before HC would properly start to flow and at the point we shut in the well for winter 18/09/17 we were only 19% recovered, just ran out of time.

Brent $79.72 (07:52) http://www.livecharts.co.uk/MarketCharts/brent.php ANS Alaska Crude West Coast Delivery $78.78

6.4M or 0.11% of all shares traded for a small increase in SP 4.2c = ~ 2.375p ASX(close) 4.2c 2.44% Volume4.825M Chi-X (close) 4.2c 2.44% Volume1.543M