From a blog from "Oilman Jim's Letter"
https://oilman.substack.com/p/sunday-blog-30-april-2023?sd=pf
88 Energy (88E) announced that the Hickory-1 well is to proceed to flow testing (I published a Note regarding this on 16 April). The wireline programme has been successfully completed and initial petrophysical interpretation has confirmed the presence of multiple hydrocarbon bearing pay zones across all pre-drill targets, in addition to the new upper SFS reservoir identified. These zones are planned to be to flow tested as early as possible in the 2023/2024 winter operational season. Next door neighbour Pantheon Resources (PANR) also issued an update, commenting on 88E’s announcement. As it points out these large resources are in tight oil-bearing formations (which are eschewed by the experienced oil companies). Always remember, these are penny stock plays, not investments.
Hickory-1
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