88E 25.0% 0.3¢ 88 energy limited

Ann: Operations Update, 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. 2,181 Posts.
    lightbulb Created with Sketch. 1579
    Taken from the last Globe presentation starting at 25 min 37 secs.
    https://www.dropbox.com/s/pkn67ubzmq500pc/88e v6 globe presentation 29th nov 2019 3_1_1.wav?dl=0

    My best attempt at transcribing the relevant section on announcements during drilling. D Wall clearly lays out what will be reported. That does not mean he cannot change tack, but his plan is very clear at that point in time.

    Transcript

    So during the drilling if we see something significant, and particularly if its disappointing, we will announce that. The expectation is that we will see oil shows. We will announce those also. We are using oil based mud in the drilling of this, which does suppress the oil shows to some extent, but gives you a much smoother well bore, and a lot of the tools we are using to try and figure out whats there, have pads on them that press against the sides of the well bore, and the better the well bore condition the better readings you are going to get from those pads and the better the data.
    So, you know, that should be something that we will be able to report, we should have oil shows, I mean , like I said its 100% in some of these zones.
 
watchlist Created with Sketch. Add 88E (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.