Cheers Domum.
Wow. So yet another positive to add to that list I put together.
I did a quick Google and found this: '
Favourable Kerogen Types'......
The focus of 88E’s unconventional exploration program is the HRZ interval which is part of the Brookian unit.
This unit has been assessed by the USGS as one of the best prospects for unconventional extraction of hydrocarbons thanks to its favourable technical characteristics such as total organic carbon (TOC), kerogen types, oil gravity and thermal maturity.
From: https://static1.squarespace.com/static/5835154a29687ff9ecdcf2e0/t/58e2ee75bf629a13c2ce5b41/1491267221405/88 Energy Initiation Report March 2017.pdf
Where the Bloomin Hell are the negatives? This is supposed to have a 50% chance of failure. I have yet to see any sign of where this failure can come from. Where are the risks? What are the risks? Anyone?
If there is a 50% chance of failure I'd have expected there to be at least a question mark over something like porosity, permeability, viscosity, thermal maturation, but there is nothing like that whatsoever, no doubt, no question marks, no buts, nothing. It's ALL positive. I mean ALL positive. And I'm not ramping. I will come back down to earth when someone points out what the negatives are, what the risks are. I am trying to understand what these are.
Are any of these risks?:
Ash Beds:
Do these Ash Beds Paul Basinski spoke of have any risks, what are they? I would not be surprised if I find out the news of these Ash Beds is positive and that it will make the oil flow even faster.
Thorin?:
Also this 'Thorin' that he mentioned too. Not sure if it was 'Thorin' he said, may have been something else. He said it in the 9th September presentation. What is Thorin? Does this cause risks?
Fracturing effectively:
We supposedly have shale conductive to fracturing. What are the chances of rock that is conductive to fracturing, not fracturing effectively?
I am not sure how many core samples we took, but could it be possible that the core sample we took won't necessarily represent the whole area we will be fracking. What are the chances the rock/shale/geology changes over the wider frackable area?
How likely/unlikely is proppant to fail to embed itself in the fractures?
(20min delay)