88E 0.00% 0.2¢ 88 energy limited

This looks like an interesting departure from the drilling and...

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  1. 989 Posts.
    lightbulb Created with Sketch. 501
    This looks like an interesting departure from the drilling and testing plan
    Going by the two updates, there are approximately 3 days of drilling time in which around 1500ft were drilled. That's about right for the planned 500ft/day on the schedule, but on the schedule 2 days are booked for MDT. To be where 88e is implies the MDT was not done.
    MDT reveals plenty and a decision to proceed to target depth, and then complete all wireline says something about confidence. What I am not sure, but the optimist in me says good.

    88e MDT.PNG

    MDT link for a bit of background on what it is testing for, pretty old but useful
    https://www.slb.com/~/media/Files/resources/oilfield_review/ors92/0492/p46_57.pdf
 
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