88E (ASX) i still have faith

Originally posted by domum ↑

Some would say DW telling it how it is Sparks.

I don't know that it's possible to put a positive spin on an annmnt that's going to extend timelines.

In ANY stock have ever been in the sp has invariably gone down in the last few years with extended timelines and its all down to the cash sloshing around the markets that can't find a decent home.

Banks usually end up getting rid of it to high risk entities including the investment world in the form of funds, margin loans and lines of credit.

Do they give a stuff as to how it's used ?

Not likely as long as it's paid back.

This is not to blame our sp on this money tho as with any individual they r the ones with the brain cells that have to make the decision to invest.

It's those decision making capabilities that r at question here.

If they prove capable flow then the sp will no doubt take an inspired run up on the basis of a new market cap level, imo somewhere around the 500 to 750M mark. It's where market caps of potential producers have always been set in most cases.

This will obviously be dependent on several other factors such as oil price and margin and will will be highly dependant on flow and decline rates.

There r potential annnts that can be construed as positive but given the capabilities of the trader set on HC to manipulate and misunderstand such info I'm not going to start discussing the various things that could b anncd.

I'll leave that to DW to simply tell the market how it is.

As others have said I too believe the market should not be spoon fed.

It's encumbent upon all holders to understand their investment no matter the period of holding.

If u aren't comfortable in understanding a particular invesment space then one shouldn't be in it.

All the annmnts to date have been clear and concise.

There will be info the JV deems deal sensitive, which will no doubt be kept under wraps, and also detail info they will judge to be too confusing for the market to comprehend, although one could argue atm any info anncd is too hard for market comprehension given the % of shares being traded by the short term holder fraternity.

We r now at the " faith and belief " end of this investment and one also needs to dig a little deeper for info to clarify annmnts in some cases.

There r those on HC that have some excellent knowledge and others that have good Googling skills so it's not a bad place to gather info, but taking this info with that grain of salt. U will know who they r, and no, I don't put myself amongst them as I tend to more throw ideas around.

This is a relatively complex field of investment and there r still unknown variables that even the experts still haven't worked out, clays being one of them.

There is for arguments sake 2 chemical structural models used to reflect how illites function which give differing end results.

This is why we r seeing this well drilled.

As much as it's a production flow test well, it's still also an exploratory well from the standpoint of working out how the JV will have to interact with the HRZ, if it's possible.

My personal read on it is that the longer shut in has been deemed necessary to allow FJ soak and rebuild pressure. It's not unusual with shale plays for this to be done and imo really doesn't increase the risk profile apart from the aforementioned timeline stretch.

As explained by others , this is a totally new type of play with a couple of geo variables that aren't well understood and it will probably take some
Adjustments to get this to flow, no matter how well the JV might understand the HRZ.

In fact any shale play has its own specific risks and that is evidenced by the number of differing stimulation plans used today.

If the HRZ can achieve decent flow rates it will be via its own unique completion techniques and
Methods.

What is certain is that if this does eventually flow well they will still need to use tried and tested forward technologies to make this work such as better sweet spot 3D delineation modeling.

If investors thought this was just going to be a
Matter of sinking a few horizontals!and getting this to flow production numbers then they r sorely missing the point about how difficult it is to get shales to work.

d.

Expand

I posted on the other thread that Alkaid #1 results came out publicly June 4 but neither GB, Otto or 88E seem to have made any comment on them.

Alkaid 1 was referred to quite a bit in the early days as potentially providing useful info so not sure that zero company comments are a great sign.

I am currently not a Petroleum News subscriber, anyone here?

Alkaid No. 1 well file goes public

No.	Vol.	Price($)
17	14573501	0.2¢

No.

Vol.

Price($)

14573501

0.2¢

Price($)	Vol.	No.
0.3¢	473268494	221

Price($)

Vol.

No.

0.3¢

473268494

221

No.	Vol.	Price($)
13	13210001	0.002
222	902354202	0.001
0	0	0.000
0	0	0.000
0	0	0.000

No.

Vol.

Price($)

13210001

0.002

222

902354202

0.001

0.000

Price($)	Vol.	No.
0.003	435695727	211
0.004	268594591	99
0.005	111579541	42
0.006	36092900	34
0.007	24363917	21

Price($)

Vol.

No.

0.003

435695727

211

0.004

268594591

0.005

111579541

0.006

36092900

0.007

24363917

(20min delay)
Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $57.86M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.2¢	$31.76K	15.34M

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