88E 20.0% 0.4¢ 88 energy limited

One of the main strengths/points driving the recent confidence...

  1. 2,700 Posts.
    lightbulb Created with Sketch. 914
    One of the main strengths/points driving the recent confidence leading into Charlie1, as apposed to that of Winx and Ice1/2, is its support of having 3D. There would be no significant FO without it. Full stop.

    Where we stand at this point and the recent attention and rise in SP is not just SH excitement. Its based on the science attributed to what these seven layers offer in the data room. A very much scrutinised data room offered/presented and ultimately won by one Partner.

    The science/3D points at a possible seven trigger points. Our partner is most obviously and largely concerned at the largest and once hit target/layer, the Torok. 88's differs slightly,...and understandably so.

    I dont believe this well will overly scrutinise the less integral layers. The appraisal is understandably centered at the one layer.

    This lends its self, imo to the point that the process of moving through the layers will be more a case of HCs returned...move on, next layer and so on.

    The science/3D on offer presents its self most favourable for encounters of hydrocarbons at these less favoured zones. Even if brief. After which, and at a later date an appraisal will be required.

    Given the main appraisal layer for this well is positioned/based on the most recent data/3D, (following actual success at Malguk), our confidence for success is at a premium. As far as 'other' trigger points, although of lesser importance, a release by 88 during drilling of 'HCs encountered'...imo...is very likely and will attract SP attention. As for how They will flow, thats for 2021/22.

    As for Charlie1, very exciting. It deserves the attention its getting...





 
watchlist Created with Sketch. Add 88E (ASX) to my watchlist
(20min delay)
Last
0.4¢
Change
-0.001(20.0%)
Mkt cap ! $100.4M
Open High Low Value Volume
0.4¢ 0.4¢ 0.3¢ $2.353M 589.7M

Buyers (Bids)

No. Vol. Price($)
4 2670035 0.4¢
 

Sellers (Offers)

Price($) Vol. No.
0.5¢ 188765656 101
View Market Depth
Last trade - 16.10pm 25/04/2024 (20 minute delay) ?
Last
0.4¢
  Change
-0.001 ( 11.1 %)
Open High Low Volume
0.4¢ 0.5¢ 0.4¢ 140637397
Last updated 15.59pm 25/04/2024 ?
88E (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.