88E 25.0% 0.2¢ 88 energy limited

I refer to the RMP-88E-PANR, a diagram/table of drilling...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 121 Posts.
    lightbulb Created with Sketch. 12
    I refer to the RMP-88E-PANR, a diagram/table of drilling schedule, which shows:

    23 February to 27 February drilling between 3,000' to 4,800' passing through potential oil zone formation SeaBee between 4,000' to 4,500'. 

    28 February to 1 March there is an  8.5" hole, but no drilling is indicated.

    2 March, commence drilling from 4,800' to 5,200' passing through potential oil zone in Nanushuk 5/4 formation.

    3 March to 5 March, continue drilling 5,200' to total depth passing through potential oil zone in Torak [sp?] Formation

    8 March begin: Wireless, 7th Casting, ......

    I believe,  the announcement contains a mistake which is causing shareholders' confusion in interpreting the announcement.

     "The Winx-1 exploration well intersected a zone of interest in the Nanushuk Formation between4,460’ and 4,530’"  (This does not align at all with the RMP-88E-PANR diagram/table.)

    However, by replacing Nanushuk Formation with SeaBee Formation, the announcement would align reasonably well with RMP-88E-PANR.   

    Bos
 
watchlist Created with Sketch. Add 88E (ASX) to my watchlist
(20min delay)
Last
0.2¢
Change
-0.001(25.0%)
Mkt cap ! $57.86M
Open High Low Value Volume
0.1¢ 0.2¢ 0.1¢ $343 282.7K

Buyers (Bids)

No. Vol. Price($)
412 1087061154 0.1¢
 

Sellers (Offers)

Price($) Vol. No.
0.2¢ 129527507 23
View Market Depth
Last trade - 10.00am 19/11/2024 (20 minute delay) ?
88E (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.