Member Info for dazzle1000

We have the resource concentration - we have an extraordinary reservoir. As Dave said - that doesn’t mean anything about getting it out of the ground - that means we have the oil there. The next thing is that you have the oil - but it has to be in this volatile phase. And the reason why the volatile phase is so important - it’s very rare oil.

Good link fadec92... heres a sample of it: While the company has closely guarded details of the proprietary process, it has confirmed that it uses existing wells to inject gas and produce oil, which means the EOG method is a huff-n-puff style technique. EOG implements the procedure after the well has been online for two-to-four years and, says EOG director of investor and public relations Kimberly Ehmer, has had nearly immediate and significant incremental production gains. "We have done this on existing wells," says Ehmer. "It is highly economic and we see a production response in three to four months and believe it adds 30% to 70% additional reserves to the original (estimated ultimate recovery)." In a May 2016 conference call, EOG chief executive Bill Thomas was quick to point out that every shale basin is unique and that what worked in one shale may not work in others. "Geology matters," he said. "The Eagle Ford is unique. The EOR process we are using to produce incremental oil out of the Eagle Ford is not necessarily applicable to other horizontal basins." And North American shale reservoirs contain billions of barrels of oil but the industry’s average recovery factor is typically well below 10%, compared with an average 30% for conventional reservoirs. Efforts to improve recovery from unconventional reservoirs are well under way. Because oil cannot flow easily through ultra-low-permeability rock, high initial production rates from shale formations often decline rapidly. Within months of first oil, operators are typically forced to place shale wells on artificial lift methods such as sucker rod or electric submersible pumps. But because reservoir fluids cannot easily migrate through the formation to the wellbore, production rates continue to decline. Paul b inhouse target was roughly 3.5bn hrz recoverable so that is inline with shale 10% recovery... but other factors like the hrz flowing akind to like conventional oil (30% recovery avg) plus using the huff n puff tecnique..perhaps the special vapour phase super shale ( which fueled 35bn of CONVENTIONAL OIL to prudhoe bay?) Is akind to flowing like oil? So could have better recovery rates?

30bn oil in place and the remaining 75% acerage on icewine how much conventional oil is on that? If you look at the old Q&A paul b. Did say hrz could have recovery of upto 25% akind to flowing like oil. Roughly 8bn which was mickeys predicted target years ago..so its not out of the relms of possibilities to get to this figure...

Most of us still believe in pauls super shale (akind to flowing like oil) story and held through the 2nd icewine hrz test flow ( although 50/50) and in glorious somewhat magical hindsight ( went extinct with the fairy's ) and the last crystal ball believed to be sold to mystic meg ( worked for the sun newspaper and part time teacher at hogwarts wizard academy) most of us held, even myself.....im holding out for the $2 party when most of you will be selling at 5p to 20p... as dave wall said a lot of us wont be around when 88s gets bought out...ahhh ha now that's another story ... dazzle

And a new beginning for 88e into 2019 may it be a fruitfull one...best wishes and regards... DAZZLE

Exactly moneyhawk...how many multiple stacks make up our 2.2bn on the icewine 25% acerage? And also the use of the word "parties" which imply more than two or three at least surely

Definition: multi- a combining form meaning “many,” “much,” “multiple,” “many times,” “more than one,” “more than two,” “composed of many like parts,” “in many respects,” used in the formation of compound words: multiply; multivitamin. And also: How many is considered multiple? Two is a "couple" and more than two or three is several. If you eat four donuts you can say you had several but you may have had too many — especially if you get a stomach-ache. Several is a word that shows size or number when you can't be specific or when you want to summarize.

Moneyhawk 14:56 bang on the money....good posting

Lemajor god forbid a revolution by french truckers ..... lol

Jiddy was right there was news about farm out by year end... it was extended. End of.... alls good fella keep posting.. season greetings. .. dazzle

Quite true brombarb.. say a false fact thousands of times it then seems to become the norm or even seems true if with out any real substance or actual as in factual. Only takes an F to firm up an actual fact... ;-)

""jungerns 1,896 posts Guys !! Please DO NOT do dummy sells !! It effects the pricing algorithms moving forward and in this instance ensures the SP doesn't rise in anticipation Really is seriously out of order"" Interesting post jurgens...good point

Chambers lindsey is a refinery up north LIDSEY is near bognor regis...

compelling /kəmˈpɛlɪŋ/Submit Learn to pronounce adjective evoking interest, attention, or admiration in a powerfully irresistible way. "his eyes were strangely compelling" synonyms: enthralling, captivating, gripping, engrossing, riveting, spellbinding, entrancing, transfixing, mesmerizing, hypnotic, mesmeric, absorbing, fascinating, thrilling, irresistible, addictive; informalunputdownable "she gave a compelling and intensely dramatic performance" not able to be refuted; inspiring conviction. "there is compelling evidence that the recession is ending" synonyms: convincing, persuasive, cogent, irresistible, forceful, powerful, potent, strong, weighty, plausible, credible, effective, efficacious, sound, valid, reasonable, reasoned, well reasoned, rational, well founded, telling, conclusive, irrefutable, unanswerable, authoritative, influential "he had no compelling arguments for changing the status quo" not able to be resisted; overwhelming. "the temptation to give up was compelling"

http://bit.ly/2zT2gC9 conocophillips

Neversatisfied and dub88... easy answer dr Stephen staley and his phd and his cove 3yr sell off and dave walls experience when 88e was tangiers drilling that unlucky duster OFF SHORE in Morocco both these gentlemen will use their experience and expertise to derisk as best as they can...if one still feels the risk is to much then best of sold out at the spikes or break evens if not for profit... depends on your risk aversion and money to invest

I see the sith lord is deramping speculation on the sp "IF" no news of F/O... i agree with mikemike "when" news arrives be it farm out or just winx which is all paid for .. the sp most likely wont drop that much more as bad news is factored in.. and imho the more astute pi will buy and hoover up more in time for feb....

JH maybe depends if we/ dave and burgandy wants to continue as producers or at least delinate the 8 minimum required wells needed...all in the Q&A in the 88e wiki... before packaging it off to the highest bidder...2019 COULD be a busy year...things COULD get fast tracked depending on funds...

Well put reaper...will add that both hrz and hue hold 30bn oip with pb estimate of upto 25% as the special vapour phase could flow akind to conventional oil.... reaping the recoverables rates attached to it...around 7.5bn

"EVs see record sales again in 2017. Over 1 million electric cars were sold in 2017 – a new record – with more than half of global sales in China. The total number of electric cars on the road surpassed 3 million worldwide, an expansion of over 50% from 2016." Whats that in percentage terms 2% of globle sales compared to ice or hybrid?....i think oil has a long road to go yet as we havent factored in airplanes or trucks transport..and products made from oil... food for thought