Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
Rabito,
Not sure who is talking up the HRZ, but 88e were very clear after much deliberation the Icewine #1/2 are bitumen and no longer in the "sweet spot".
Having rechecked the Icewine#1 well log the identified conventional zone, showed some light fluorescence. No lost mud, some gas...
Hardly encouraging...
Rabito@14:51,
I posted a similar train of thought on HC today.
"Furthermore, the company said it completed an “in-depth petrophysical re-evaluation” of its Icewine 1 and broader Icewine East acreage, with results indicating “comparable, or better, reservoir"
The company follow this statement up with,
"Since data from Talitha A and Theta West 1 were not yet publicly available, only a qualitative comparison of these logs against Icewine 1 logs had been done"
So what they are saying is, they have no real evidence other than a guess based on comparable reservoirs. In essence, they are making it up.
Check the analogue wells, hydrocarbons are scarce. Those in place are deep and tight.
Ddraig@11:08,
"....so I'm sorry I disagree"
Cool, be under no illusions, your opinions vary no weight.
Save your word salad psychoanalysis for elsewhere. Focus on the company and if you can't answer the questions posed, say nothing or filter.
Brom, nice tune.
For me, this is the business.
https://youtu.be/bzEYNsFC2gE
Brian @ Tue 11:27,
The recent quarterly stated,
"Completion of independent resource update scheduled for Q2 2022."
I'm not holding my breath for any April update, it best it's only rated as an, "expects this work to be completed".
rfarfa @ 13:34
? In addition to the unconventional HRZ play, a number of conventional reservoir targets were
tested by the drilling of the Icewine#1 well with the following key highlights:
o Excellent reservoir was encountered over the Kuparuk sands interval from 11,262’ –
11,320’ with elevated gas readings over a 58 foot gross interval – a detailed
petrophysical log interpretation is underway
o Preliminary log interpretation of the Kuparuk sand interval indicates porosities of up to
15% and good permeability
o The reservoir quality in this Kuparuk sand interval is substantially higher than
anticipated, which is extremely positive for deeper conventional prospectivity on the
Project Icewine acreage
? As reported previously, the shallow Brookian sequence intersected had excellent reservoir
quality and hydrocarbon shows through out the section
https://clients3.weblink.com.au/clients/_88energy/v3/headline.aspx?headlineid=6747985
Brian,
"D. Wall owns 88,218,095 shares"
Can you see him listed on page 73?
https://clients3.weblink.com.au/clients/_88energy/v3/headline.aspx?headlineid=61082491
Persiantrader @ 09:02,
A couple of things,
"The drop yesterday had nothing to do with people selling."
The share price drops when sellers outweigh buyers, so everything to do with people selling.
"it was a fund raise. Nothing negative is going on for the sp to fall."
The fund raise must have been seen as a negative as sentiment drive share values, price is down due to negativity perceived by the market.
Simples...
Looking forward to seeing how you guys react, updated timeline, ASX trading halt and a Capital Raise.
It's a lot for the market to digest. Stay tuned while the ASX is locked out, should be fun.
Rabito @ 19:55, I don't know what terms have been negotiated with Cruz for the snow road construction but one would imagine there would be significant costs involved and they would possibly demand progress payments.
Eriks pockets are surely not bottomless...
Scot @ 18:01,
"There has *got* to be some award for the following champion winning gobbledygook? Does anyone understand it because I haven't the foggiest????"
I'm with you on this.
I'd also like to read how a Non Current Asset which when sold reaped the company a USD$2.6 mill benefit somehow became part of a drilling debt. I'm no accountant myself so happy to have one explain it to me but that does sound more than a little "creative"