88E

0.00%

0.2¢ 88 energy limited

Ann: Project Icewine Operations Update, page-195

First 195 Last

Share
Profile

Follow
Pangzi2

1,605 Posts.

82

05/09/17

08:51

Post #: 26995746
Share

Originally posted by olderwiser ↑

Certainly is fascinating now that more data is coming out, a few interesting morsels

During the shut in full pressure recovery occurred, how rapidly we don't know, but full pressure is more than enough to expect natural flow. In the current setup with 1100 psi at the wellhead the implied differential pressure is around 2500 psi between pore pressure and bottom of well bore.

Imbibition will have reduced the expected 30% flowback required and is supported by the first kick being reported already. Around 5% of the frack fluid is held in the fractures, these being the wider flow channels held open by the proppants. The remaining 95% is in the micro fractures and pores of the formation, the pores and micro fractures are highly resistant to flow whilst water logged. As 88e has indicated a substantial portion of the micro fractures need to clear water before the surface area contact is sufficient to yield up true flow rates. The 2500 psi DP needs to be available right at the surface of the micro fractures, rather than spent on traversing a water blocked micro fracture on the pathway to the larger propped fractures.

All up including the imbibition and pressure recovery 7 weeks, 88e have been flow testing for about 11 weeks (77 days). In that time 4800 barrels of frack fluid have been recovered, so an approximate flow of 62 barrels per day. If this is taken as a sustainable rate prior to kick off/transition to hydrocarbon flow, the probability of achieving the 100 to 150/pd barrels of oil to be economic looks good.

Expand

next Ann should be a trading hold, come on, we probably need a "judgement day", people would get sick of this ups and downs, those technical terms can only confuse people, resulted in totally different interpretation....

88E Price at posting: 3.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

RCE

Recce's R327 found effective against E.coli during clinical trial

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Microcap Wrap: 5 explorers with news out today

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

There are more pages in this discussion • 251 more messages in this thread...

First 195 Last

Add 88E (ASX) to my watchlist

(20min delay)
Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $57.78M

Open	High	Low	Value	Volume
0.2¢	0.3¢	0.2¢	$59.97K	28.45M

Buyers (Bids)

No.	Vol.	Price($)
385	448921908	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	577454273	149

View Market Depth

No.	Vol.	Price($)
352	384411177	0.002
139	639532744	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	526841847	137
0.004	301743603	126
0.005	111214357	58
0.006	105611758	38
0.007	74892288	34

Last trade - 16.10pm 28/06/2024 (20 minute delay)

88E (ASX) Chart

Ann: Project Icewine Operations Update, page-195

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Recce's R327 found effective against E.coli during clinical trial

Ava Risk Group expands US presence with A$0.7M Substation Deal

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Microcap Wrap: 5 explorers with news out today

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Project Icewine Operations Update, page-195

Top Stories

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Recce's R327 found effective against E.coli during clinical trial

Ava Risk Group expands US presence with A$0.7M Substation Deal

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Microcap Wrap: 5 explorers with news out today

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News