OilAmylist I am pretty sure they are only going to do micro fracking not the full blown version this time around. DW state’s a flow rate of 100 bpd would be great. If fully fracked even for a vertical well that would be terrible.
Reaper there was a guy last year on Twitter who told everybody that he had a contact at the drill site. He was also spot on with his updates and I wish I had listened but that’s easy to say after the event. About time this company gave us some good news instead of bad. Can’t wait for more badly written RNS from DW, hopefully our partners will have a say on what is written.
Fully there will be no production from this area, if we find oil, for several years. If we find oil, then next year it’s a lateral well and again if it commercial somebody has to build the infastructure as it’s 34 miles from the nearest road. Hopefully we will sell it off after it’s proved up but that’s at least a couple of years away, again if we find oil. Current price of oil will only matter to those who are looking for a quick buck.
Funny that Brom just back from a Tesco run and the wife has accused me of being more concerned about Speckled Hen and wine than getting in food. Well I recon I can survive on rice and beans for a long old time, but lack of a decent beer and a glass of wine will have me gone a lot quicker.
Ps Just to remind people the British Lost 19,000 killed and 37,000 wounded on the first day of the Somme, kinda puts the current crisis into perspective. Before anybody jumps on me I am in the time frame with the added bonus of having underlying symptoms. Just a reminder you start dying from the day you were born. Keep smiling folks and stay healthy.
Not trying to be a debby downer but if we don’t strike lots of oil we will be all but finished. I would, however, like big DW to come out and announce that he is going to take a pay cut (at least 50% which will still leave him with a hefty wage) until the current mess the world is in gets sorted. Even if we strike oil it’s going to be a fair while before any body tries to produce it or buy it. We will need to all but shut down and reduce costs to the minimum to survive as raising money will be very difficult. So big DW you have had it very good for a while now, it’s time to reduce costs.
Jiddy Icewine as a project might not be a failure yet. Depends on the results of this next drill as DW said this is its last chance. Icewine 2 was a total failure and most certainly a duster, not one drop of oil came up and it was expected to be flow tested remember. I hate the derampers as much as you but let’s not try and pretend Icewine 2 was not utter failure.
As an exploration company that produces zilch you can only ever be fully funded for the next phase of exploration. The company has zero income except us, I would put a large bet that whatever the outcome of the drill there will still be another cash raise, unless DW is able to sell up real quick In order to fund the HRZ or Yukon.
Spot on Islayman, that is exactly what DW has said on many occasions. Creaming the curve for me will be good results from both the conventional and the HRZ which we can then hopefully go it alone on having sold out the conventional. Drill the HRZ close to the highway to save money on ice roads, sell up the HRZ and use some of that money to prove up Yukon. Ha in my dreams, but there are limits to the number of drills the PI can fund.
Dubia I have been In 88e for over 4 years, I have been plenty patient. What is so wrong with asking for some pics of the daily activity going on in a part of the world that is very interesting. I for one would find it extremely interesting as I am sure many others would. Good PR is good PR and the cost and effort in this case would be minimal. Aim is sentiment drive and after several years of 88 mishaps anything that raise companies profile must be a good thing.
How easy would it be for DW to get some photos taken of the ice road being built, the camp being put together, the rig moving off and then deploying. Cost virtually nothing and yet would create real interest. He bangs on about it being the biggest drill in the world and yet there is virtually nothing with regards to some decent PR.