Member Info for Olderwiser

Louis10 19:39
Ahh but you are not alone, just a wee cog in a much bigger orchestrated campaign. IMO of course, no facts included, pure speculation.
I am sure you understand facts are unnecessary

Louis you continue to evade real questions, while putting out pure speculation.

Lets speculate too, you are Oilman Jim, looking for gullible marks ,to buy into your worthless blog, but more importantly, you are also part of the short cartels workforce, specifically charged with the task of devaluing PANR by spreading baseless opinion pieces to undermine confidence in the fundamental value PANR holds
Is that close?

Louis10, pure avoidance shows us all where you stand.

Don't be evasive now Louis, you know the question is re evidence on the gas cap.

Here is another one for you if you will not answer the first
Jim you are happy to tout the 88e trade, drilling Hickory 1 to test the theory that up to 647m recoverable barrels may exist.
On its market cap of £135m, I see that chance of oil valued at 21 pence/barrel
PANR on the other hand have drilled and found 2300m barrels of recoverable oil. On its market cap
of £195m, I see oil with the discovery risk removed at 8.5 pence/barrel
Why do you think the trading opportunity on 88e at this very high valuation is better than the PANR at its very low pennies per barrel of discovered oil

Still no answer Louis/Jim

Jim you still have not answered, that is pure deflection
Fundamentals really count longer term, if there is commercial oil, it will not fail

Louis10
You are not answering the question posed, a lot of speculative down ramping today so you are here and reading posts.
Without some evidence there is a reservoir problem, it makes sense to believe the plausible explanation given by PANR
Repeated to jog the memory
Louis 10
Would you care to post where the evidence (not opinion please) is that shows
The Alkaid 2 well test has not contacted a gas cap
The gas cap has not both reduced the H/Carbon liquids yield and skewed the yield towards condensate and NGLs because of the greater rich gas flow
Avoiding contact with the gas cap in the next drill will not give a better flow and composition

Louis 10
Would you care to post where evidence (not opinion please) is that shows
The Alkaid 2 well test has not contacted a gas cap
The gas cap has not both reduced the H/Carbon liquids yield and skewed the yield towards condensate and NGLs because of the greater rich gas flow
Avoiding contact with the gas cap will not give a better flow and composition

07:21
It is not unusual for arrival on site to be the subject of an RNS
http://research.iress.com.au/IDS/old/20220301/02493906.pdf?uid=020189069938A588DAF94AF8685701E8D72900004B7EB1E41CF8E540093D250091850000&ppv=

88 Energy Limited (ASX:88E, AIM:88E, OTC:EEENF) (88 Energy or the Company) is pleased to report
that the mobilisation of the Arctic Fox rig to the Merlin-2 appraisal well drilling location is now complete

The ASX has traded as per normal, but with the rig delayed by the breakdown, there was not anything to report.
However if this is correct, and I have no reason to doubt it, an RNS may land here tonight

https://twitter.com/GeodesRock49/status/1632572647501623296?s=20

Jim, FWIW I think as an oil man you could have worked this out yourself

The estimated target to achieve good representative reservoir contact has moved up from the original 40% to 60%. This target has moved as more well data has been collected during the flow back/clean out phase to date.
We also know that ~40% of the total injected has been recovered from the unblocked 75% of the horizontal section. Run that through the calculator and it shows the front 75% is at ~53% frack fluid recovery after some 30 days of sustained production post the coil tubing clean out.
(Leaving the complication of the initial 10% frack fluid recovery, pre clean out aside, as its origins are unknown, but fair to say more from the heel than the toe)
Recovery of frack fluid also follows a decline curve, so recovery will taper off over the last 7% in the front 75% of fractures. As this tapers off the oil flow will be tapering up, I would expect this to take be substantially complete in 14 to 28 days of renewed flow back/clean up, after which the oil rate will begin to trend down as is normal.
Where it gets complicated is the back 25% of newly unblocked horizontal, starts from almost zero and will required a similar time frame (44 to 58 days) to reach the 60% frack fluid recovery. In this same timeframe its oil flow will also be trending up as the frack fluid is recovered.
In time, and given the different production curve timings of the front and back sections of horizontal well. These two production curves will meet as the front curves down and the back curves up. That is the first key marker on decline curve analysis, and as fortune would have it is likely by the AGM and subsequent webinar on the 20th of March

The active link is a fail, takes it to a random destination it appears, however copy and paste the full link and it functions

A better link to Deadhorse airport camera
https://weathercams.faa.gov/map/-161.05921,66.75023,-131.4181,71.31621/airport/SCC/details/camera/11668/loop

Go to the airport weather camera, and run the loop option, at 10:43 there is a large well lit convoy moving down the Dalton.
Which then stops on the horizon at the exact location of the Alkaid 2 flare at 13:03, from there visibility fades out
https://weathercams.faa.gov/map/-161.05921,66.75023,-131.4181,71.31621/airport/SCC/details/camera/11668/loop-full

"They will only get a few hundred barrels of oil per day, I believe it won't be commercial."
This is perhaps technically correct, but flawed logic, as the production prior to the clean out of proppant sand was 550 bpd of combined oil, condensate and NGLs. Blended value is 80 - 90% of TAPs pricing per barrel.

The image is poor but clearly a tall structure that is not normally there, but with a local report as well, it is a safe bet

The rig is still at the Alkaid 2 site, it can be seen in the satellite pictures, and has an eyes on view from the Dalton by one of the locals.
The dead horse start point looks like the man camp components, the rig can join in at the end

Oilman Jim? 21:53
You know better, stabilized flow takes time, especially when the far 1000 ft has been prevented from contributing normally due to the sand proppant blockage.
Gently gently, we don't want cowboy heroics ending in a dismount
Releasing a flow result part way through the clean up, with the shorts lurking would be strategically risky, knowing how they have twisted the narrative to date

07:51 Noba
The news did not come out after ASX close, it was released at 01:13pm, with a subsequent 10 minute trading pause, leaving around 2 and a half hours of trading before market close.

With 5 recommends on your post the record needs to be set right

Scroll down to 01: 13 on the site to confirm the time stamp
https://www2.asx.com.au/markets/trade-our-cash-market/todays-announcements

00:09

Was hoping to reach the grey matter, not the funny bone
My fail then