Member Info for cd66beta

Likely mms are sweeping up cheap shares to a background buyer. Unresearched posters are helping add more sellers to that pot.

Houston, we have cleared the tower.

Good recovery today given the earlier woes on global markets due to Coronavirus.

Plenty of potential upside to come given what Charlie could reveal - multiple of today's sp definitely possible.

The geology isn't changing and the technology is improving, reading tea leaves is the blind leading the blind.

Happy some of mine went if the fabrications of the truth went in the same flush!

Lots of buying at full offer price - last was was 11K worth. Nice.

Yes it does make you wonder - every other listed company is having a positive day today and 88E is the only one down.

As a positive, once all this selling is over, punters may then be looking at where to reinvest their cash.

I don't think "Premier likely to exercise option" would have appeared in this document without PMO's consent, which indicates some confidence.

Likely because they're producers and the oil price is falling due to worries over coronovirus amongst other things.
No worries over stagnant share price, it may be actual news of spud is needed to get other punters' interest.

Post Charlie-1 Strategy – On Success
Fast Track Delineation to Enable Monetisation
• Low capex strategy over 2-3 years to minimise dilution and maximise sale value per
share
• Success will result in a horizontal well being drilled from the Charlie-1 vertical well bore
in 2021, as well as a likely step out delineation well*
• Additional drilling of 2-3 wells in 2022 will define the resource potential to the point of
sale for 88 Energy
• Net cost to 88 Energy circa. US$30m over 2 years – minimal dilution (est. <4%) with
maximum returns for shareholders
• If Charlie-1 successful, Premier likely to exercise option over Eastern Fairway of Icewine
acreage resulting in a carry for 88E on US$15m of 3D seismic in 2021
• => additional drilling in 2022/2023
Funding large scale development capex is not part
of the 88E strategy

Drilling and Logging
• Drilling to Total Depth (planned ~11,400’), Logging While Drilling and Wireline Logging estimated to
take ~30 days
State of the Art Subsurface Evaluation Program
• Utilisation of the latest proven technology
• Program specifically designed to evaluate:
• Formations that may have laminations resulting in low resistivity pay
• Formations with low to moderate permeability
• Formations with considerable bound water
• Prior to advent of specialist tools, the above challenges often resulted in pay being left behind
Flow Testing
• Subsurface evaluation to be followed by up to two production tests
• Zones of interest and final test design to be determined by results of logging
• Each test estimated to take ~14 days
Reporting
• Total program estimated to take ~60 days, with reporting of results determined by materiality and
continuous disclosure obligations

Pdf download is now available.

"Presentation" - may be the detailed drill schedule?

Shame there's no "rigcam" or "davecam" or whatever to watch it live?!

Brom, they aren't smart enough to do comedy.

That's very odd when MILOH signed off on that post he used the name Ecu.

The first para says 12pm, the last one mentions 16 hours from 400.9 so it's obvious the 12am in the itinerary is a typo.

We've seen higher highs and higher lows since September so its all going in the right direction.

There's plenty of opportunist buys occurring when the sp drops which is a healthy sign of support.

"the brains behind all of those handles"

That's an oxymoron if I've ever heard one!