Member Info for chickster

Yes Brom. Sounds like they hoped to skip the vertical well test but needed more data.

Q: And why did you want to go horizontally and then go vertically?

DaveW: We thought we could skip a step in the normal process?

Q: And why did you think you could skip that step and then change your mind?

DaveW: Because we had obtained enough material and log and data that we thought we would be able to get to a point in our interpretation and analysis that we could reduce the uncertainty in where we would land that well, but we can’t at this point in time.

Q: Why not?

PaulB: We had log quality issues. We had washouts in the hole. Because the formation is very over-pressured. Where we had core we have certainty - there’s no uncertainty. But there’s part of the hole that we didn’t get all of the information that we need - and so in this vertical well we're also going to be able to acquire the additional information as well as the induction falloff testing, we’re going to actually to frack into these zones - we’re going to be able to measure the height growth and the embedment and all the other things like that.

128064. I rememeber Paul Basinski mentioning the wash out in one of the core samples and therefore an element of uncertainty. (most likely Feb 2017 presentation)

Chick

Does anyone know how long the data room is open for?
Presumably there is a timescale

Nice article in Businessnews posted over on Hot Copper

Interesting email to shareholders re: GM being mused over on Hot Copper

Mike

Surely a 'farm out to drill a conventional and test (evaluate) hrz is a possibilty.

Cat

Could the 'farm out' not encompass both types of play?

I think the announcement is a bit ambiguos. I took it to mean farm out for both Conventional and Unconventional before year end from the paragraph below.

The dataroom related to farm-out of both the conventional and unconventional prospectivity at Project Icewine has now been formally opened. 88 Energy and its Joint Venture Partner, Burgundy Xploration LLC ("BEX"), are aiming to complete a farm-out prior to year-end that will result in significant expenditure over Project Icewine to continue evaluation of the large conventional and unconventional potential identified over the past three years by the Joint Venture.

First shut in was for pressure buildup and the second due to winter and freezing conditions.

Guzzler Yes it does appear Garry and Olderwiser are the go to men. It is also interesting that one appears to have written the project off and the other intimates there is nothing to worry about - so who do you take notice of?
As you say the next RNS will be telling - any problems will no doubt be explained if the flow rate hasn't increased as expected in the meantime

No panic from me (yet) still approx 1700 barrels of frack fluid to remove as at last update.

Courtesy of Olderwiser on HC. I had a nagging doubt over the 10 to 14 day timeline for fluid flowback. So fact checked it with 88e The modelled timeline begins with N2 lifting on 13/6/18 @ 0845 AK time, not the beginning of flowback @ 11/6/18 2230 hrs Strip it back to actual runtime by subtracting change over activities like velocity string installation and we are ~ 80 hours into a 240 to 336 target on 17/6/18 at 0530. So still early days, with a theoretical adjustment to ending now in the range 23/6 2130 to 27/6 2130 AK time

Absolutely spot on George. Great post

Well we have had two 1 codes go through (1 yesterday and1 today for the believers) so could be announcement inbound