88E 25.0% 0.3¢ 88 energy limited

Ann: Operations Update, page-163

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    The existing Artificial Lift (AL) timeline:

    (From update on 18june)

    1 -once the original complete setup for AL got going...
    after 15june20:00;
    fracc fluid flowrate stabilised at 350bowpd with (the targetted and hence controlled) 200-400psi pressure at wellhead..

    2 -at 17june05:30
    flowrate was 166 bowpd with 370psi..


    (From update on 22june)

    3 -since last update, adjustments were made to flowback system to determine optimal settings for nitrogen lift..
    After this average flowrate fluctuated between 120bowpd to 50 bowpd..
    It was deemed that the nitrogen injection rate was too high, and therefore the well had a downhole choke effect between the annulus and velocity string..

    4 -at 21june17:50
    Flowrate was 50bowpd with 75psi.. this wellhead pressure was managed lower to reduce back pressure in the system..

    5 -nitrogen injection has subsequently been reduced to half..
    And should result in an increased flowback of water and gas...

    Question:
    What flowrate are we expecting now ??
    The original 350 dropping to 166 ??
    If so.. thatd pull out about 500 over 2days.. or about another 2% over 2 days...
    Meaning possibility that it could be at 26% already

    10 to 14 days from 15june20:00 AK time..
    So 25 to 29 june AK time (for me)..

    If the above sequence of 350 to 166 to 120-50bowpd was to follow over about 4day period.. then by my calcs itd take about 10days from the 21june or thereabouts..
    Only indicating a couple days late..

    Who knows... but expected to be higher rates nevertheless..

    Looks like potential last chance to BUY at a low, coming up
 
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