88E 25.0% 0.2¢ 88 energy limited

Highly unlikely mate.  The plan is to intersect three target...

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. 1,800 Posts.
    lightbulb Created with Sketch. 824
    Highly unlikely mate.  The plan is to intersect three target areas before reaching TD. Each target area is geologically distinct and therefore we will proceed to TD unless drilling issues prevent it. Using LWD plus observation of returned cuttings from drilling mud, the company gets a good first indication of each zone as it is intersected by the drill bit. Remeber this first zone, the Seebee is one of two secondary targets....the Nanushuk is our primary target.  Personally, the Torok is the secondary target that interests me more, though happy with oil in any or all of them rolleyes.png

    After we reach TD.  The entire intermediate zone will be more thoroughly assessed with wireline logging and then with production testing where justified. Any positive first indications will need this further validation to start to value its potential.

    Likely the TH is to protect themselves from information leaks (continuous disclosure obligations) as the first zone is being intersected.  Nothing more or nothing less.  IMO.
    Last edited by Lazarus65: 01/03/19
 
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¢ $7.905K 4.096M

Buyers (Bids)

No. Vol. Price($)
451 1222561154 0.1¢
 

Sellers (Offers)

Price($) Vol. No.
0.2¢ 134296540 26
View Market Depth
Last trade - 12.57pm 19/11/2024 (20 minute delay) ?
88E (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.