88E 25.0% 0.3¢ 88 energy limited

Yes and for good reason…The USFS test produced a peak flow rate...

  1. 346 Posts.
    lightbulb Created with Sketch. 39
    Yes and for good reason…

    The USFS test produced a peak flow rate of over 70 BOPD. Oil cuts increased as the well cleaned out…

    The well bore during production will be clean achieving 70 plus BOPD minimum…

    These peak flow rates were achieved *naturally* which adjacent wells have *not been able to achieve*…

    They allowed the well to naturally flow for 88 hours. If they had allowed the well to flow for a longer period, naturally the average and peak flow rates be much higher…

    The company has knows the USFS was a massive success, so they now need to prove they can naturally draw oil from the shallower SMD-B reservoir…

    If they can achieve similar success in the SMD-B reservoir, this would be a groundbreaking development.


 
watchlist Created with Sketch. Add 88E (ASX) to my watchlist
(20min delay)
Last
0.3¢
Change
-0.001(25.0%)
Mkt cap ! $86.67M
Open High Low Value Volume
0.3¢ 0.4¢ 0.3¢ $1.013M 337.5M

Buyers (Bids)

No. Vol. Price($)
391 273327187 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 548227648 149
View Market Depth
Last trade - 16.10pm 22/05/2024 (20 minute delay) ?
Last
0.3¢
  Change
-0.001 ( 0.00 %)
Open High Low Volume
0.4¢ 0.4¢ 0.3¢ 40451048
Last updated 16.08pm 22/05/2024 ?
88E (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.