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Transformation drill. Sorry forgot to put that there.
that sort of size probably hydraulic pump to hydraulic motor hub drive.very inefficient but ultra reliable as multiple hubs could drive and multiple pumps could feed.
go long then. if half the population will be wiped out.....could be hitting 5000% increase if that needed.
transformational drill. here are the 2016 drill news releases. the capital raise before drill looks starndard practice.
RNS releases look as follows
https://www.lse.co.uk/rns/88E/?page=4
17th Jun 2016 7:30 am RNS Investor Presentation
31st May 2016 8:04 am RNS Result of AGM
19th May 2016 10:07 am RNS Issue of Equity
17th May 2016 8:08 am RNS Director Shareholding
6th May 2016 7:18 am RNS Seismic and Acreage Award Update
3rd May 2016 8:42 am RNS Issue of Shares & Cleansing Notice - Placement
29th Apr 2016 7:00 am RNS Quarterly Report
22nd Apr 2016 7:00 am RNS Oversubscribed Placement to Raise A$25 million
20th Apr 2016 2:58 pm RNS Proposed Capital Raising
19th Apr 2016 4:40 pm RNS Second Price Monitoring Extn
19th Apr 2016 12:22 pm RNS Issue of Equity
7th Apr 2016 7:30 am RNS Correction to Resource Announcement
6th Apr 2016 4:40 pm RNS Second Price Monitoring Extn
6th Apr 2016 4:35 pm RNS Price Monitoring Extension
30th Mar 2016 7:09 am RNS Permeability Exceeds Pre-Drill Expectations
17th Mar 2016 9:02 am RNS Issue of Equity
11th Mar 2016 8:28 am RNS Issue of Equity
2nd Mar 2016 3:11 pm RNS ASX Lodgement of Annual Report
29th Feb 2016 7:44 am RNS Icewine #1 Evaluation Update
17th Feb 2016 3:19 pm RNS Issue of Equity
16th Feb 2016 4:40 pm RNS Second Price Monitoring Extn
16th Feb 2016 12:06 pm RNS Issue of Equity
1234
15th Feb 2016 7:25 am RNS Icewine #1 Core Evaluation Update
10th Feb 2016 4:35 pm RNS Price Monitoring Extension
10th Feb 2016 7:00 am RNS HRZ Play Further Derisked
transformational drill. Must go. lets hope the drill rig in position this week sparks some upswing.
perhaps someone else can confirm the hydrocarbon encounters info on the ASX for you?
transformational drill. I do agree with both your comments. but as we have seen the SP fever in late Dec has yet to be repeated.
The RNS in the top 4 layers "should" only add to the build up that is the flow test results. There is a long long haul. To get in this late with this lower SP should be a big bonus for some. The climb earlier this week was on an RNS expectation (IMHO).
Best thing to do is look back at the 2016 drill. The SP kept climbing until late spring or early summer IIRC.
London Stock Exchange don't have it. But London South East do if you look back.
transformational drill. i was led to believe any hydrocarbon encounter. so that means to me. coal. tar. oil. gas etc. The response didn't include diamonds, gold, platinum and the like but that would a funny lucky find! 480 million barrels of diamonds!!
transformational drill. looking back they release an rns at each oil (hydrocarbon)encounter and as someone else said that is demanded by the ASX. listing Depends if that happens overnight or morning/evening where the news hits first. ASX morning/evening. Overnight LSE.
transformation drill seems to work best.
up to you. depends on how much exposure others want or think 88e needs or this board gives.
one of the biggest drills of 2020
transformational drill
7 Layers to prove. DYOR
absolutely torok is the primary target.
As some one else posted, It all looks like they are clipping the edge of the oil formation. But then what do we know about where to knock the nail in.
Why drill through other layers?
It is 7 layers + HRZ.
But again, its about putting it about it as even PMO investors don't know that much about 88e. Perhaps you would be happier with the first line "transformational drill" or "one of the largest drills of 2020". Up to you.
It was the thought of something organized to increase exposure.
7 layers of oil to prove. DYOR
Ok 3 targets. But you could look on it as testing the 3d inversion seismic....
Depends if you gloss over read or it catches your eye and you investigate further
Like I said do you want investors to know they are drilling 7 layers or like some investors on PMO BB....our JV partner ....not be too aware of of what 88e are doing!
Think on it.
LogP want a deal done in 6 months.
But PVR has been quiet .Does this mean PVR can survive the 6 months without MORE CASH?
Lets hope so.
7 layers of oil to prove.
If you want the world (or at least all on this BB) to know what 88e is up to start all posts with this first line.
It comes up on the latest share chat sidebar so most can read it.
Some might consider it organized ramping on here.
To me it looks like a newsflash on the share chat sidebar.
Up to you....88es.
7 layers of oil to prove. 8th below sp down 300% min. place your bets
yep. and going by the 2016 drill it was a climbing SP all the way.
+30% some RNS. Each RNS as that drill goes through layers and layers of oil I can see interest and a climb....And then a further climb as the results are awaited.
DW reckons $500 m AUS that a £250m Mcap...so that's over 3 times current SP.....see why there could be a really big upswing from here.
its 700 ft above sea level... that would be a pretty big tide.
2pps by the end of next week.....have a good weekend
PMO....88e.
https://www.nextoilrush.com/88-energy-edge-closer-spud-date-one-biggest-oil-wells-2020/