88E 0.00% 0.2¢ 88 energy limited

Hi All,IMO, so far an excellent result - well above my...

  1. 334 Posts.
    lightbulb Created with Sketch. 7188
    Hi All,

    IMO, so far an excellent result - well above my expectations.

    For those interested, just posting my review of today's announcement with key points noted.
    1. "with preliminary net pay calculated" - a lot stronger than previous ASX with "potential hydrocarbon pay" & obviously with the inclusion now of all targets.
    2. Strong potential for SFS's full section resources to be materially increased.
    3. Due to very sparse well control in acreage potential for further SFS reservoirs to exist that have not yet been intersected.
    4. Gas to some degree is always associated with oil and can in low permeability rocks assist with the oil's recovery - Solution Gas Drive mechanism.
    5. Visible porosity observed - porosity is high enough that it can be visibly detected - very positive.
    6. Upper SFS - "indicating good sample permeability" - very important for this reservoir.
    7. Upper SFS - "crossover of Neutron Density curves throughout the interval" - implying potential for a very high net-to-gross reservoir section.

    GLTAH
    Cheers
    VOGC

    https://hotcopper.com.au/data/attachments/5172/5172927-a537d6459a2852d79bf8487c2c7e5536.jpg
 
watchlist Created with Sketch. Add 88E (ASX) to my watchlist
(20min delay)
Last
0.2¢
Change
0.000(0.00%)
Mkt cap ! $57.86M
Open High Low Value Volume
0.2¢ 0.3¢ 0.2¢ $28.15K 14.03M

Buyers (Bids)

No. Vol. Price($)
253 279955300 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 633019856 202
View Market Depth
Last trade - 12.47pm 07/08/2024 (20 minute delay) ?
88E (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.