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When to expect an update:
The Upper SFS will be the first zone tested followed by the SMD-B zone. Each zone will be independently isolated, stimulated and flowed to surface using nitrogen lift to assist in the efficient clean-up of the well. The entire program for each zone is expected to take approximately ten days, however 88 Energy may choose to adjust the schedule during the flow back program to ensure optimal data collection.
An extensive suite of data will to be captured, including but not limited to downhole and surface fluid samples, downhole pressure and temperature data, surface pressure and temperature data. Flow rates of oil, gas and water will also be recorded.
Upon completion of testing the Upper SFS reservoir, operations will then move to evaluating the SMD-B reservoir.
Experienced members of the Pantheon Resources staff are being made available to share their relevant recent and extensive knowledge of multiple flow tests on adjacent acreage. We expect these will be valuable insights during flow back operations. 88 Energy has also strengthened its own internal technical advisory team with additional engineering expertise.
The entire testing program is scheduled for completion during March 2024.
The Company looks forward to providing an update on completion of the Upper SFS flow te
All in blue are not buys. Re- manipulation- the company has provided the information via the RNS, we just need to wait and see if the oil down there is commercial or not. MM’s are known to bring the sp down to the bottom before any news is due and push it up accordingly if there’s a good news at least for a short time before people begin to unload. In my experience of trading the only time the sp goes up is just before the placing, call it a manipulation or supporting the placees as they are going to cough up the money so the company can survive. MM’s would never want to take a risk just before the results are due and that’s where we are now. People could have sold at 35-37p but the greed doesn’t allow us to do it. I’m holding tight as it’s not an exploration and hoping we win this time around, or the same thing again, we go round the merry go round. FCA does need to protect AIM market investors but we need 10000 signatures and approach the authorities so this subject can be debated in the parliament. Who would like to make a start- we can all use our lse messages board names to keep the privacy. Any volunteers to get the ball rolling?👀💪🏼
I think, you have taken the right decision, especially when I look at the level 2, it’s scary state. Good luck to those holding the ship. I am not deramping, just quoting what I have seen. GLA holders.
I invested my funds in 88E as the well is testing, so I can re- coupe my losses I incurred here 🤨
Or away from UKOG: by the way has anyone had a look at 88E- Hickery - 1 well is being tested, the oil is already there, just need to know if it’s commercial.
Just dropping here as many have lost thousands here. Do read the RNS for 88E before investing. Only invest if one can afford to lose, that’s all. Who knows you might recover your losses made here!
Be careful- the train has left the station, hurry up , you might be left and miss the golden goose chase. Ask is already @0.35.
According to 88E BOARD, the oil is already there, just need to see if it’s commercial, it’s different this time around. Do read the RNS before getting in, it’s your money, with some luck we might be doing what HE1 did. It’s all about investing at the right time. We’re definitely safe until Monday morning- get in fast😎🚀🚀🚀😎, By the way sorry for missing the decimal point yesterday, but you never know it might get to 36 p one day😊
Over 21 million shares have been purchased but MREX is glued to the board at 0.29 for days. There needs to be some rules as to how long one MM should accumulate the stock , it’s so boring, let’s get a bulldozer to get this one out so we can move up even for a while 😿😭🥇
HIVE Digital Technologies ready for Bitcoin halving next month
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE), a cryptocurrency mining firm, has taken steps to be in a strong position ahead of the upcoming Bitcoin halving event set to take place in late April.
To create scarcity and prevent inflation, Bitcoin has a maximum supply of 21 million. Every four years the mining reward is halved to continuously reduce the rate at which the coin is introduced. At the upcoming halving, the block reward will decrease from 6.25 to 3.125 Bitcoin.
CEO Aydin Kilic told Proactive that going into the halving event, HIVE has worked to increase its mining capacity and reduce its average operating production costs per Bitcoin while increasing its holdings.
In late February, the company announced it had purchased another 1,000 Bitmain S21 Antminers to boost its Bitcoin mining capacity, which Kilic said would drive greater efficiency, in turn resulting in reduced energy consumption and a reduced cost per Bitcoin.
It mined 200 Bitcoin in February to increase its holdings by 10% month-over-month to 2,131 Bitcoin.
“This is very important going into the halving because we’re going to have 900 Bitcoin a day rewarded by the network dropped down to 450 Bitcoin a day rewarded by the network,” Kilic said.
“It will create some short-term pain for some of the miners, but we’ve got an incredibly strong balance sheet going into this halving event and it’s a great opportunity to be strategic because you can buy distressed assets.”
Microsoft Giant has been accumulating Bitcoins , now holding over 12000 , their stock price is going upwards all the time.
By the way Arb just gone to 15.00 ask- 7.42% up as I write.
MM’s are just mucking up with this, we should be over 30p