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20.0%

0.2¢ 88 energy limited

Ann: Hickory-1 TD Reached - Additional Reservoir Identified, page-50

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Prosperity and Beyond

142 Posts.

5

03/04/23

15:58

Post #: 67109221
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Originally posted by VOGC: ↑

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

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Thanks for your insights VOGC, much appreciated. Looking forward to more positive and above expectations news, fingers crossed. GLTAH

88E Price at posting: 1.2¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

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