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Hi James - best not trying to interact with the likes of Aim999 - I binned him and loads like him ages ago. They just use up valuable oxygen and time. Ignoring them hopefully makes them search for responses elsewhere. Cheers buddy.
I agree Mystic - personally I am happy with a 45% raise against an RNS that only said 70bopd - I thought it might have been much worse. Anyone expecting this to skyrocket in a day, clearly do not understand what we have here. This has been a long time coming (and at times I wondered whether we would ever get a commercial flow), but now this is all about firming up the numbers over a period of time in order to get the right mining giant to buy it off us, whilst we attend to more exploration finds in Texas/Namibia/Alaska. We are an explorer not a miner and now at least an all year round one. Hickory gives us a platform to launch from that should see decent shareholder returns over the next months/years - AIMHO!!
Absolutely - mainly because 70 bopd has come from just 20ft perforated so if the remaining 480ft when perforated flowed at the same rate then the bopd would go up to 1750 bopd. Then because this is a vertical measurement if they drop in horizontals then a multiple of between 6-12 times can occur. Plus we have the natural gas flows to measure on top PLUS the flow test from the SMBD 2 that they are off testing now. I guess that is why I mentioned last night that the 70 bopd is just our STARTING POINT - there is much more news to come in the next few months. Congrats to all true 88ers - we deserve this time in the sun!!
Troughsnout - another PANR warrior coming over here onto 88E to try to do us down. How you can assess our gas when our own CEO and Team have yet to do so is beyond me. Here is what the RNS says, to remind you: -
“Additionally, some NGLs were produced but not measured, as was anticipated in the planning phase. The presence of NGLs was demonstrated by samples from the flare line and by visible black smoke in the flare. Historically, NGL prices on the North Slope of Alaska have been similar or slightly below light oil prices and are therefore considered highly valuable. Further work is required to quantify the exact volume of NGLs, which 88 Energy intends to include as part of a maiden certified Contingent Resource assessment at Project Phoenix for the SFS reservoirs.”
Just go and get your snout back in PANR will you and leave us 88ers to enjoy what we have earnt!!!
Hi Phron - thanks for your valued thoughts and yes the stress has been horrific - I’ve been in since 2016 so feel I’ve served my apprenticeship. All true 88ers now deserve rich rewards for all the disappointments, dilution and barrage of abuse we have suffered over the years!! Onwards and upwards now I hope. VGLA.
Remember we now move on to the second flow test at the proven SMBD2 Level as still part of the Hickory 1 Well tests - when we add them together and also assess the level of gas flow, then we will have a clearer picture of how successful we have been. Tonight’s RNS is just the STARTING POINT - no longer any concerns of a duster and we HAVE a commercial flow that will only get bigger. Congrats to all true long suffering 88ers - the rest of 2024 will now be very interesting imho!!
Hi Musk - no Announcements are already underway on ASX - please refer the attached:-
https://www.asx.com.au/markets/trade-our-cash-market/todays-announcements
Thanks Peakybrum - we knew there were some decent folk on the PANR Board - up to now we have only seen the likes of Scot126, Olderwiser, Thinkaboutitbro and several others who have basically come onto the 88E Board to undermine us, ridicule or generally bad mouth us. Good luck to you too Peakybrum.