88E 0.00% 0.2¢ 88 energy limited

ASX Today, page-8714

  1. 3,881 Posts.
    From the third announcement in this post:

    http://clients3.weblink.com.au/pdf/88E/01865150.pdf

    "The remaining key uncertainties, namely effective creation of complex fractures and gas to oil ratio, cannot be resolved until the stimulation is executed.”

    Well, based on the proppant all going in and mostly staying in place I would say the first uncertainty is more or less closed, so now it is just oil to gas ratio.

    I would guess this is why they chose to explicitly mention the amount of proppant that went in, which based on other wells in Eagleford, seems to be a lot for a vertical well with the number of well feet (length) fractured - so effective creation of complex fractures must have occurred.

    Interestingly there seemed to be no uncertainty as to whether it would flow, so it seems to now just be the question of oil/gas ratio : have they chosen the right part of the sweet spot to be appropriately liquids rich?
    Last edited by Juno: 08/07/17
 
watchlist Created with Sketch. Add 88E (ASX) to my watchlist
(20min delay)
Last
0.2¢
Change
0.000(0.00%)
Mkt cap ! $57.86M
Open High Low Value Volume
0.2¢ 0.3¢ 0.2¢ $2.83K 1.409M

Buyers (Bids)

No. Vol. Price($)
238 230331391 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 624741415 209
View Market Depth
Last trade - 13.46pm 09/08/2024 (20 minute delay) ?
88E (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.