88E 0.00% 0.2¢ 88 energy limited

The Sleeper

  1. 288 Posts.
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    Most have probably read this article on proactive investors today. Interesting the fact they state up to 20 exploration leads.
    88 Energy’s conventional oil potential is becoming very hard to ignore
    2016-10-27 by Proactive Investors
    http://www.*.com.hk/tiny_mce/0000/8106/oil_workers-watching_358.jpg?1477604888
    The conventional oil potential at Project Icewine may be the ‘sleeper' in the 88 Energy Ltd (LON:88E, ASX:88E) portfolio, but it's the kind of noisy sleeper that has become very hard to ignore.

    Icewine's HRZ shale, a now-proven system on Alaska's North Slope estimated in excess of 2.5bn barrels, is obviously priority number one.

    And in the coming months, attention will be firmly on 88 Energy's second well, due to spud in March.

    Nevertheless, the conventional play could be a big deal too.

    88 Energy's seismic and partial desktop analysis has identified some 20 exploration leads - the interpretation process is only half way through.

    The detailing of the ‘top five' thus far gives the company around 750mln barrels of potential resources.
 
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