Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
MERLIN-2 APPRAISAL WELL – RIG CONTRACT EXECUTED
Highlights
• Rig contract executed for drilling of the Merlin-2 appraisal well at Project Peregrine
• Permitting and planning remain on track for scheduled spud in February 2022
• Merlin-2 is targeting 652 million barrels of oil1,2 with geological chance of success of 56%
88 Energy Limited (ASX:88E, AIM:88E, OTC:EEENF) (88 Energy or the Company) is pleased to
announce that it has executed a rig contract with Doyon Drilling Inc (Doyon) for the use of the Arctic
Fox rig to drill the Merlin-2 appraisal well at its Project Peregrine in the NPR-A region of the North Slope
of Alaska.
The Merlin-2 appraisal well is planned for drilling in February 2022 to a permitted Total Depth of 8,000
feet. Merlin-2 is targeting 652 million barrels of oil1,2 in the highly prospective N18, N19 and N20 targets
that were encountered in the successful Merlin-1 well (drilled in March 2021 to a depth of 5,267 feet),
which demonstrated the presence of oil in these multiple stacked sequences in the Brookian Nanushuk
Formation.
88 Energy has identified several appraisal drilling locations to the east of the Merlin-1 well, closer to the
shelf break where enhanced reservoir thickness and quality are expected. The Merlin-2 well is
independently assessed to have a geological chance of success of 56%. The Company plans to
announce the final drilling location and further details of the Merlin-2 appraisal well in the coming months
Go straight to asx. Always delayed on hotcopper so no point bothering with HC....https://www2.asx.com.au/markets/company/88e
...but they are itching to get in. Middle East sovereign wealth funds etc. Whole clip worth watching but particularly mentions ESG miners after about 17 mins in
https://youtu.be/WyW5bLMgDnc
A must watch...
https://youtu.be/-cx1Am2UFCA
This is quality....
https://twitter.com/100trillionUSD/status/1450820635114999813?t=UBvte2gXGl0aGVAm0iUf_Q&s=19
It's obvious to us here but maybe not to US investors. These articles doing the rounds do read as though per share. We need a decent re rate and then to go to normal shares on Nasdaq rather than ADR
https://finance.yahoo.com/news/argo-blockchain-texas-mining-facility-164235509.html
They're doing a very good job of it so far, bailing at 70p + before riding off into the sunset. Who's going to be left holding the baby? All the saps that Scott and 'his group' as he calls them, manage to suck in.
@20.51 flowerpot, I've just been looking at xpdi and core today. If est combined business is worth 4.3b and xpdi shareholders share of the new company is only 9.6% then xpdi market cap should be about $412m. It's not, with how it's trading at the minute makes the market cap about $490m. If they're bigger than riot or mara their market cap looks about right for now. Much better value in arb IMO ....once it gets its arse into gear
I don't think that's quite right blubay. Not on London stock exchange. MM will buy it from you and sell it someone else in a later transaction. ASX market in Australia works how you said with each transaction being matched up between a buyer and a seller. Your right on red v blue just depends on mid price and can be manipulated to show as buy or sell so red v blue for a particular day means nothing.
Trolls out in force. Don't let them talk you out of your shares. They are not here for your benefit. What did they expect Nasdaq listing and 100% increase in a week or 2. PW will not be concerned re short term SP movement. It is outside of his control. Quarters and years not weeks and months.
https://youtu.be/uRZfUGNuXOw
A repost from this morning but a good video nonetheless, apart from him quoting Argo share price as $16. If he'd have used the correct share price at $1.60 then I think Argo would have got his golden trophy at the end.