88E 20.0% 0.2¢ 88 energy limited

Ann: Investor Presentation - Winx-1, page-85

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 2,114 Posts.
    lightbulb Created with Sketch. 1436
    I believe that the estimates provided allow for rates of recovery under different scenario's. So the 400m is not speculated field size but a (P50) mid point estimate of what is expected to be recoverable using standard and proven recovery techniques.  But that's just a number for now.  In reality, and only if successful (CoS is 25%?)....the 'discovered' recoverable resource size will likely (obviously) be within the range between the current P10 and P90 estimates (for recoverable oil).  It could, though statistically unlikely, exceed P10 (as it looks like OEL may have done on their recent discovery) or indeed it may be less than P90 but still be considered a discovery.  Obviously one would hope for something around the mid ranges, or better.

    By the way, as seen on this link enhanced oil recovery (EOR or tertiary) gets feilds to up to 60% or more recovered.

    All IMO.  
 
watchlist Created with Sketch. Add 88E (ASX) to my watchlist
(20min delay)
Last
0.2¢
Change
-0.001(20.0%)
Mkt cap ! $57.86M
Open High Low Value Volume
0.2¢ 0.2¢ 0.2¢ $20K 10.00M

Buyers (Bids)

No. Vol. Price($)
182 174177231 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 599471151 243
View Market Depth
Last trade - 10.00am 18/10/2024 (20 minute delay) ?
88E (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.