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Troajun, your post o8:46
âgiving a balance view,YOUR PANR,is next door,in the same geological time period(so an high chance,the rock structure,is high permeabilty/porous......ok,its not a given,but its a balanced given)
so geologically,the geologists,have comparisons nearby....which is goodâ
2000ft difference. There is no comparison nearby DMAX is different! They already know the sands following the drill. They also know porosity, what they donât know is flow rate and sustainability of flow rate given DMAX.
Dealer I look forward to hearing from you 10 days after both flow tests when the share is back at .29
Troajan over 103k posts is impressive! How come you know so little about depth between 88e and PANR drills. Youâre making an absurd suggestion that the levels are the same sands and depth wonât matter- That is totally wrong. They already know the geology of the regions under test and they are oil bearing (hydrocarbons present). Here we are talking flow rate - so it very much a case of DMAX compression effect I would think ie: Porosity could be good but flow rate? And is it sustainable?
Dealer55: The difference between a gambler and investor is that an investor does research then makes a calculated decision. A gambler and you fit this category , makes stupid one or two line emotive statements because he or she thinks by doing so they can influence the masses. History tells us it rarely does.
Catwoman, I agree you get two bites at a good outcome from these two flow tests. Now assuming they both flow in the higher than anticipated flow rate, why should that give rise to an increase in share price?
Are you expecting turnover of 1 billion shares? Because that is was it will take to shift the sp appreciably. I think the current price is a P&D because the fundamental value per barrel is currently far higher for 88e than PANR and this is unrealistic. This means that any price rise will be driven by emotion not common sense.
Am I down ramping? No
Am I a shareholder? Yes very much so
Do I want 88e to succeed? I most certainly do
Will it succeed? Yes for flow not for sustained increase.
Olderwiser makes the point of DMax this is an important issue. If 88e confirms short term flow test, 88e will need a long term test to attract funds. That is because it is not known if the flow rate at this DMax can be sustained for commercial gain.
PANR have the most experienced team on the north slope, I am confident you will get the best result possible with PANR team assisting. But donât make the mistake of thinking this flow test is the company maker as it is not.
Bigbear2: 22.53
Rubbish! The aim of this flow test is to indicate if the flow rate maybe commercial. This is followed by a long flow test generally with a horizontal. You should know better
Itâs pure folly to promote this stock
The oil will flow, the issue is what is the mix of oil,gas & water and is the flow rate likely to be commercial?
With PANR assisting, good porosity and a more mature frac/sand itâs high probability and as I have said has therefore been factored in.
Musk, no very much negative but always keep an open mind to spot options. They are in bed with PANR, PANR are doing a hot tap that has plenty of room, both are close enough to consider, PANR are in the room and there experts are assisting with frac and flowtest.
The next logical step is to rope in a drill rig coy and do a layered farmout. A drilling company may look at a commercial arrangement that locks in multiple drills. (Past discussion on discord)
Musk, where it might be interesting is if a drilling company does a joint venture and taps insert is shared initially by both parties.
Further, Hickory could be farmed out to PANR in exchange for Horizontal/Production costs or some such option
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Swiftly: Your so articulate fo someone so young. You should let your o pop stents know your playing on the internet. Off you go now!đ»
Better link
https://www.quora.com/What-is-an-in-depth-explanation-of-flowback-testing-and-its-role-in-the-oil-and-gas-industry#:~:text=Flowback%20testing%20is%20when%20you,points%20in%20the%20well's%20life.
Ayecuramba, yes you could be right. I am not an expert on these things Olderwiser normally sheds some light. My understanding is it has something to do with choke to determine optimum frac and screed for future horizontal. My guess is that PANR team slipped that in, which if this is the case is good news because it indicates to me flow is already good.
I apologize if Iâm wrong. Just found the comment odd to insert.
I found the information interesting, why did they feel the need to add this?
âhowever 88 Energy may choose to adjust the schedule during the flow back program to ensure optimal data collection.â
It certainly did not appear necessary to insert.
Swift, Thankyou for the feedbackđ. I look forward to reading all your inciteful posts!
Closed at 006 with 48 million traded.
One big trade of 10 million early in second session, otherwise lacklustre day. 454m at 005 buy and 174m at 006 to sell.
Gman, many of your questions have been comprehensively answered by Scot and can be checked by yourself independently.
I am not correcting anyone. My views are my views. Naivety is subjective, feel free to comment anytime on my posts -good or bad.
Your posts provoke discussion- I agree I am a negative poster
yes good idea redirons - perhaps you could take your head out of your **** and come up with some constructive criticism.
if thatâs all you have to offer the forum - block someone with counter views - you must be a idiot or about 12 yrs old.