88E

50.0%

0.3¢ 88 energy limited

completely agree with everything you said mate!! now.... lets...

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pootietang1986

4,337 Posts.

12/05/17

08:47

Post #: 24643293
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Originally posted by domum ↑

Imo Pootie they're (high risk fundies) bleeding the shaky holders dry coming into the flow test phase.

Once they have these loose ones covered then they can play the sp up all they want.

Will they pump it to just over 5, to 6, to 7, to 8 ?, who the hell knows. But they almost certainly will play it at some stage. Then again they may just take it for another spike ride.

Much depends on where they contemplate a potential next raise might occur. One hopes
Not but it could b on the cards even tho DW doesn't want to even contemplate such a
Move.

As Broms post illustrates, if the flow is just average then we could see a farm out to minimise dilution, but with incentives that don't damage the register too much.

If solid flows, then one would expect a more significant move on the punt that we may see a take out.

The permutations/combinations arnt endless but there r quite a few given the play development unknowns for this region, perhaps somewhat mitigated by the fact that there is fracking going on on the slope already, and with Doyons constructing specific long horizontal rigs one wonders if there's a minds eye with the move to Doyons to hook up one of these type of rigs for a pilot well program with a large oiler.

One would assume this new rig type would have a faster drill rate potential again over Arctic Fox, so the speed at which a pilot program could be established would be relatively quick given the rig wouldnt need to be moved much to complete such a program.

There r a couple of interesting positive forward looking comments from DW in Broms post that align with his conventional like flow statements.
Given Ice 1 results the HRZ is certainly showing potential to do so.

The fact that the core/logging showed the correct Tmax for PBs model for vapour phase is pretty supportive for such conventional- like flows. This should reduce viscosity, provide good flow energy towards the fractures and thereby allow better reservoir completion, hence DWs expectation which would also be PBs by default.

d.

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completely agree with everything you said mate!!

now.... lets rock!!!!!!!!!

88E Price at posting: 4.7¢ Sentiment: Buy Disclosure: Held
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