Member Info for mikemike

yep lots of bows and even more strings

As the farm in was first mooted in January presentation, then why not?

that makes it plan B

Plan C may be worked on as an extension of Plan A, a planA1

comes back to

''One of a kind, never been seen before, hybrid with good and bad attributes''

How does anyone plan for the unknown? except through trial and error?

If they use the template for MCPP and it is cut and paste infill the data.

Now they have an agenda for a discussion/meeting

How many of those will be needed?

dougiek

would 30psi per day leak see low volume and increased pressure as it tries to equalise pressure trapped in the formation with that of the well head? i am sure that Boyles and Charles laws feature here but they appear to have so many more add ons

i wonder how the conversation of the net, when he has some power.

Its me bulldozer, is that you mozambique boss

sure is

what is that gentle humming noise i hear

ah that is the inverter air con unit, keeps me cool and awake

dunwant that sort of modern thing, I am back off to dozing along with the rest of the Tg

a mere 200m+ shares in issue. Could this with peak oil demand low supply be a 10£ share.

I dare to believe

Yeah read the TLOU RNS

they just need to get the government onside, no pressure!!:))

condolences

Laguna it is

wonder how much the sp will drop to in celebration:)) it always does

wimbo.

yeah yeah i see all that

Can they get it done by 5pm today as i do not want to distracted by the SML and PPA due tomorrow:))

jd

I am at a complete loss with timescales with the BIPP. I look at the MCPP footprint and keep telling myself NOOOOO not again!!!

I wonder how much is copy/paste/submit?

Older and wiser I suggest you re read what i wrote and then the significant RNS's issued along the way since then.

I am a very happy camper and member of the happy clappy family

BIPP

''With the JV finalised, a full feasibility study on Benga has commenced, designed to confirm its commercial and operational viability; it will include a Pre-Feasibility Study ('PFS'), Definitive Feasibility Study ('DFS') and an Environmental Impact Assessment ('EIA'), in addition to economic assessments, which will include a comprehensive financial model.''

All very well and good, yet I wonder what the time scales are to get this not so little lot bedded in.

Will it be news enough to overcome the bulletin board grief of some who may not see the MCPP completed by end of Q2?

http://88energy.com/capital-structure/

For those who may be interested take a look at the outstanding options and see how much they add into the bank if and when converted. It all adds up!!

Your welcome hope it is not too early to pass the makes sense test :))

Dougiek

I believe, that the well base temp is heated by the kitchen at 130c.

I suspect that the water in the tube was quite warm up to the diesel point.

My take is that it appears that the tube has given up the fluid already in it. The problem is that the formation is not giving up sufficient fluids for the NL to be effectively pushing more Ff up the tube.....simplistic I know :)

Eric, must be having lots of fun trying to manage the base of the wellbore, temps, pressures, gases and liquids. Then add in the Frac fluid and how this may have reacted in the pores.

88e is almost like frankenstein having a baby.:))

Finance

1/ We have $5mUs in the bank after recent expense.

2/ SOA will be fully funding tax rebates. this clears our loan , no more interest payments plus adds another 2m$ + into the bank.

3/ Take a look at the web page @capital structure for options and their prices for Q4 this year. Should they convert then that is another 1$m us into the bank.

4/ A farm in for one of two Conventional drills will add cash to the bank and give increased support to encourage conversion of options as in 3/ above. In addition if the Farm out process is better than just conventional this may encourage Options dated 2020 and beyond to be cashed in. Some were cashed in last time the price covered the options conversion cost.

Its all good

Wa looks like it has come into line with lse closing price

very excited about what will be happening here this year that is going to drive a huge set of results for next year.

Argos holds a 5% Overriding Royalty Interest in Licence PL001, which covers approximately 1,126 square kilometres in the North Falkland Basin. The licence boundary is just 3km from the Sea Lion oil field, a significant discovery on course for development sanction in 2016.

3D seismic data of excellent quality was acquired over the entire licence area in 2011 and has identified 52 prospects with a best estimate of 3,083 million barrels of prospective recoverable resource, and a high estimate of 10,412 million barrels. 40 additional leads have been identified which are not included in the above resource figures and which are the subject of ongoing work.

'' A one of a kind , never been seen before, hybrid with good and bad attributes''

So it is all going to plan.

The reduced Pressure is a 'managed' position, not the well telling us what we can get.

Eric and the surface team are managing Nitrogen injection 11,000 ft away and reading the gauges to manipulate as best they can. This Hybrid is as new to them as it is to the frac team with 100,000 plus drills.

That it may take a little longer to tickle the well and adjust the nitrogen flow is not a harbinger of disaster. Will be a test of testicular fortitude and patience.o_O

The patience test is easy to manage with an effective report button for the trolls and a filter button to go with it.

As for charts determining anything................aghhhh

The lowest price today will probably value the potential of the Conventional leads that continue to build, so no mystery there then. ''Filled to spill'' was PB view, I do not doubt him.

Stop and ask your self how much is the potential, close to 1.4billion barrels of high grade CONVENTIONAL API worth. Personally, I would be surprised to see that worth anything less than 5$ pb net to 88e or close to 7$Billion. Extraction costs will be below the proposed P50 for shale at 39$.

Maybe, just maybe, we have to wait until 2019 for another major attempt at shale in the west area where the shale is at is deepest with greatest volumetrics..... I can wait.

Then add in

''The Joint Venture remain confident that the reservoir quality and geomechanical properties of the HRZ indicate that it has the requisite ingredients to attract a farm-in partner.'' This for only 642 acres out of the over 300, 000 acres held.

Do NOT forget the Report & Ignore buttons, they work very very well