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Brom/Le Major,
She's a funny ole world.
The good thing though, is that when the company does provide and update they clearly state at the top of the RNS,
"88 Energy Limited (ASX: 88E) (“88 Energy” or the “Company”) provides the following update related
to............."
Perthy,
The RNS states,
"The Directors of 88 Energy Limited (“88 Energy” or the “Company”, ASX & AIM:88E) provide the following report for the quarter ended 30 September 2019".
No mention of any update, it clearly states the info contained is to cover of the quarter ended 30/9.
MILOH,
Except it's not an update, it's a Quarterly and Cashflow Reoprt. Which is a review of the previous quarter, you know a look in the rear view mirror.
There was something new, maybe you missed it.
"Icewine-2 well formally plugged and abandoned in the quarter;"
Expect the bond will be returned next quarter. Chin up old chap, suspect you're down in the dumps about your failed prediction of another CR before drilling Charlie.
Bdog,
TD was 11375ft.
In 1991 they most probably were not looking for a hybrid vapour phase unconventional play though.
2020 and Dave has Premier paying for a well that will.
Fingers crossed, Paul's vision will be realised, if not I feel it will be dropped and the soft farmout talk will fade away.
Cheers Brom. Think you guys will romp home. Surprising wallaby selection at 13.
Do you have a breakdown of the totals traded for the week across the SH/NH. Seems like the ASX has seen greater activity, could this be an indication of where the bulk of placement landed?
Cheers
Latest and greatest from today's edition, nothing updated shareholders won't know, just getting the story out.
https://www.petroleumnews.com/pnads/600161842.shtml
Boom boom,
In the recent Vox Markets interview Dave makes the point of the $15mill option for 50% of the Eastern component. He calls it the "two well deal".
So in the success case at Charlie#1, it sounds like a done deal, Parts A&C, no mention of Part B........yet.
Des,
Care to share your thoughts on your CoS in the 30-35% range? You look to have gone over the resistivity logs and applied your Chartered Geologist mind to them, I'd be interested to read some analysis from the "outside". Obviously we are not privy to all the data available, so nothing to hold you to, just interested.
Boom,
Any side track will be on the same timeline as Charlie#1 just the following year. I can guarantee the slide is incorrect. Charlie cannot be accessed without ice roads.
In the audio presentation by Premier, they state any side track would be the following year - 2021, Q1 2021 would be the only time this could be done.
Bdog1,
The side track will not Q4 2020, we can not get to the location due to Tundra access restrictions. It will be the following year most likely Q1 2021, Premier address this in their Half Year Results presentation.
Evening all, nothing new that you guys won't know but always nice to read an article, getting the word out.
Apologies is previously posted
https://www.petroleumnews.com/pnads/211761241.shtml
Cheers and Friday beers
LeMajor,
In the recent interview with Dave, he appeared to indicate that the Eastern acreage would see some activity the following season after Charlie.
I imagine this in the success case at Charlie, they'll go back and sidetrack that, and also drill Alpha. As Premier have no interest (at this stage) in the unconventional. Alpha is a prime opportunity so close to infrastructure. Best bang for the buck.
Bdog,
I'd say highly unlikely that there will be any HRZ Farm-out pre drill.
The data from Franklin Bluffs, despite what we were told early in the piece, has now been revealed to be a dud. So doubtful anyone would move early on the HRZ at Charlie.
They have the vapour phase model to take to Charlie 1 but without any real world drill data, it's just a theory.
In my opinion, if they can unlock the HRZ at Charlie the earliest we will see any potential Farm-out of the HRZ would be 12 months away. HRZ failure at Charlie 1 and it'll be dropped I reckon.