The announcement cannot be any better than I expected, there were no major drilling issues that could have been catastrophic and costly. These are great depths drilling, everything went smoothly and on schedule.
---- DW is gleaming white with these results.
Managing Director of 88 Energy Limited, Dave Wall commented: “The data quality from the wireline logs recently completed is excellent and, at this early stage in the processing and interpretation, is confirmatory to the data obtained from Icewine#1 – as expected. Additional insights are expected from the log interpretation and completion of the micro stimulations over the coming days as we finalise the design to the stimulation program. The minor setback related to completing the production liner installation has not altered the schedule for production testing, as prior to this we were running several days ahead of plan.”
The liner hick-up is a minor issue, anyone Waring over this small mater over such a large and difficult operation is not realistically connected, when it comes to Oil exploration drilling.
---- Nothing ever goes perfectly when you're working that deep.
A professional drilling team always expect some sort of issues to occur and they're always ready and prepared.
---- I think all the smart LT investors should take a breather, knowing we are now 2/3 of the way to knowing the results we're after.
I'm satisfied with this great announcement today.
Some people are selling their shares now because they fear of losing money they cannot afford, some are trying to cause fear into the mix, they want to buy back in, when they do this, it means they are interested, good luck to them, but us LT investors know better.
---- We are on a venture exposure with big expectations, we want to realize the full worth of it, we have to go the distance within the risk threshold we can afford.
This project is more viable now than ever, now that we also have 1.5 billion barrels in our conventional in the mix.
We no longer have to rely on luck after the results of flow test. We are just steps away
DYOR
FH
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