RE: Let’s start recovering guys8 Apr 2020 14:41
So, we now have a potentially commercial resource - from RNS: ' 88 Energy confirms that the Charlie-1 appraisal well has proved the presence of mobile hydrocarbons, in the form of condensate gas, in the Torok Formation in both the Middle Stellar and Lower Stellar
targets. Hydrocarbons were successfully recovered to surface from both targets.'
In addition, we have our third set of data to unlock the HRZ , and we got it for FREE - from RNS: 'Detailed logs and sidewall cores were also acquired in the HRZ formation, which will now be analysed over the coming months. The HRZ remains a viable target and options and options to commercialise this potentially large resource continue to be pursued.' Now how large? A lot of water under the bridge since last Prospective Resources HRZ (more acres, more shares, some HRZ too mature, etc, etc); however, Feb 2018 update states 1.4-3.6 BN boe [p.4]!!!!
RNS is also upbeat on Lima: ' potential for higher
quality reservoir at a different location. Excellent Vertical Seismic Profile (“VSP”) data was obtained in the well, which will now be used in conjunction with other log data and the existing 3D seismic, to
remap these targets. Sidewall core analysis will also assist with determining where improved reservoir is likely to exist.'
We also have Yukon! :-)) :-)) VGLA