Member Info for Olderwiser

Sharebel

You know we all have charts and can see the 450m shares sold off

Gemstar, WOW, that's the kind of bottom of the barrel nonsense crazy helpful might dream up.

Problem is all the capital is repaid/ costed and the $10/ barrel is the remaining profit.

But bear in mind it needs a good productive well to work. not a 4 barrel fizzer

Stas20

You are just plain wrong, I own no shares, and wont be buying any, and don't have a short

Called both of these as poor prospects long enough ago, for you not to be in this position, blind leading the blind ? or pumper fleecing the gullible ?

I calculate its pumper, now trying to get out

JohnWick1

About now you should be thinking, should I ignore fact based posts, just because I dont want to know

HSG

You are talking rubbish, they only got 4 barrels in the tank in the SMDB flow test, and the SMDB and USFS are their very best zones, that's why they were selected for flow testing

If anyone is unscrupulous its the pumpers trying to save their skins.

I recall you, weren't you the one arguing we would not see a flare because it was illegal, to flare in Alaska, even if you have a permit

Stas20

Stop trying to baffle with waffle

The flow test is to find out how easily it flows, and what it flows

So if it does not flow much in the test, its a problem

Skippysb01

Read down the RNS to Appendix A, item J

look at this piece in its context

"https://clients3.weblink.com.au/pdf/88E/02736211.pdf"

with a calculated total volume

during the flow back period following

establishment of oil cut of ~4 stk bbls.

This is a compulsory reporting template on the ASX, that tends to minimize the spin

Wet bandit

I have already done the favor, providing some balance and education, so the genuine investors could see the endless spin here.

Gam2

Get serious, they flowed oil for 16 hours, and got 4 barrels out

No amount of spin will change that

Wetbandits

88e have been clear, horizontal multi fracks in there opinion will multiply, vertical flow rates by 6 to 12 times

Take the top 12 x 6 is only 72 bopd for the SMDB

6 is calculated by adding 50% to the 16 hr flow of 4 barrels to get a 24hr, daily amount

Sharebel

The pumpers are the parasites here, always have been, they continue to push the false narratives, own up the SMDB produced 4 barrels of oil in its entire oil flow test

Now witness the whole pump crew going into overdrive, as they scramble to get out with less of a loss

Make no mistake, the average punter is the target of all the BS about MM makers, shorters and cant get a bid

4 barrels from the entire SMDB test is a dud, they didnt even try to make a standard excuse, like bad frack, blockages, my design was wrong

It just the reservoir, doing what tight reservoir does, flowing badly

The biggest red flag is 88e spun it to the peak 50 bopd, knowing it would confuse the market

Hepran

No they have not

Wetbandit

Why did you pick the peak flow rates, not the measure of oil in the tank

Measured in the tank for the USFS is 24,8 barrels

Measured in the tank for the SMDB is 4 barrels

Why fall for all that rate spin when you can just see how much is in the tank, simple really

I was lured in by the sound of screeching pumps

MMO

No amount of denial will alter the facts printed by 88e in their ASX announcements, page 3

https://clients3.weblink.com.au/pdf/88E/02736211.pdf

BFF net to 88e

Best estimate 28m barrels of oil, plus 57m barrels of NGLs

Some how Mystic spun that to 250m, I will give a clue gas isn't oil, and some one else's share of the pie isn't yours

Ayecuramba

The day that the average investor here works out, the contrarian view holders are not the foe

The RNS makes it look like 50bopd is the go

Reality says 4 bbls way too low and slow

Taxi

In effect the numbers say they are dusters, on the SMDB, they flowed return frack water for days with no oil cut, then in the last 16 hrs of the test, after oil began to cut, they flowed 4 barrels in total

Taxi

This result was below even my humble expectations, its only 4 barrels for 16hrs of oil flow. That will go nowhere commercially. The spin will no doubt have the Muggins's directed to the 50 bopd peak rate, rather than the average, over 16 hrs it takes to get 4 barrels in the tank

Emphasizing natural flow is a cast about for a positive, in this case it means so much gas that it drives the oil out with it. Such a high GOR is bad

Well head pressure is related to well depth, so as the SMDB is about 1000 ft shallower, it is naturally lower.

It is a hard concept to grasp initially, the liquid column in the well bore, when full of liquid is balanced by the reservoir pressure. The well is full but no pressure on top, half fill it with gas, (much lighter than water) and the difference between reservoir pressure and the pressure the weighted column of mixed gas and water exerts , will show as pressure at the well top

Its spin spin trying to link across to other successes

Gman93 01:24

Hickories SMDB, 4 barrels of oil in the stock tank, with 16 hrs of flow post the commencement of oil flow, is very poor IMO. Average it out, its only one quarter of a barrel an hour, and average daily rate of 6 bopd.

The way 88e has presented this the average Joe will only see the peak flow of 50 bopd headline, and not calculate back.

If they did, its 50 bopd for ~ 2 hrs, and the other 14 at zero, or the more sensible 1/4 barrel per hour average for 16hrs

It is a win for PANR, not in extension of their productive cut off line further south necessarily, although it may allow a minor tweak. The big gain is pure data, in particular the lower GOR at Hickory, is a positive to PANRs southerly SMDB section