I thought something similar too Olderwiser. It could be my ultimate optimism affecting my mindset on this but, once the frack juice is out and the vapour phase starts flowing from the reservoir, its this flow rate number that will be crucial to the economics of the play??? While the frac juice of 15.3% appears slower than expected the more important thing for me from the last 2 announcements is the proppant has not displaced. I would rather the slower frac juice flowback rate; as opposed to a faster frac juice flowback rate but risk the proppant displacement from the reservoir in attempting to achieve that faster flowback rate.
The company has mentioned artificial lift, while this appears to be the norm in the industry, I have been asking myself in reviewing my investment is this something that would change the economics of the play if indeed an artificial lift is required??? Given 88E/BEX management have a fail fast approach to this yet they keep suggesting this potential course of action, my speculation is it won't affect the economics of the play even if an artificial lift is required to get the desired pressure for the play to work. I still keep referring back to past announcements of 40% higher pressure than the norm. Could it be we see the power of this pressure once we enter the vapour phase viscous flow once the thicker frac juice is expelled from the reservoir???
Time will tell, I'm quietly confident it will economically flow.
All in my humble opinion and good luck to all holders
88E Price at posting:
4.7¢ Sentiment: Hold Disclosure: Held
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