Moderators: mypenneys , S-BEES-BUMBLEBEE , Pro-Life , HighYieldStocks
Search This Board: 
Created: 03/03/2021 11:27:09 AM - Followers: 657 - Board type: Free - Posts Today: 1

 

88 Energy one week from spud at Merlin-1, targeting 645 million barrels

By Trevor Hoey. Published at Mar 2, 2021, in Energy
 

88 Energy Limited (ASX:88; AIM 88E) has advised that pre-spud operations are now entering the final phase as Rig 111 makes it way to the drilling location for Merlin-1, and that the spud date is now scheduled for next Monday, 8 March.

The Merlin-1 well will initially be drilled to 1,500 feet, then surface casing will be installed and the Blow Out Preventer System tested.

This is expected take approximately one week to execute, after which the well will be deepened through the target horizons in the Nanushuk Formation to a maximum total depth of 6,000 feet.

The Merlin-1 well is scheduled for spud in early March 2021 and is targeting 645 million barrels of gross mean prospective resource.

Logging while drilling and mudlogging will provide initial indications as to the prospectivity of the well during this part of the operation that is expected take three to five days.

A sophisticated wireline logging suite will then be run, including sidewall cores and downhole sampling.

Wireline logging is expected to take five to seven days, and if the results are encouraging, then the well will be completed with casing and a flow test conducted.

The drilling of the second well in the program, Harrier-1, remains subject to permitting, Merlin-1 results and weather/schedule.

Commenting on progress and outlining what may lie ahead following Merlin-1, managing director Dave Wall said, “Pre-spud operations are now entering the final phase as Rig 111 makes it way to the drilling location for Merlin-1.

"Success at Merlin-1 could yield over 300 million barrels net to 88E and open up further prospectivity at Project Peregrine (see above), in addition to unlocking the substantial proven resource at the adjacent Umiat oil field, which is 100% owned by 88 Energy.

"Metrics for discovered oil were demonstrated by the late-2017 Oil Search (ASX:OSH) transaction where US$3.10 per barrel was paid in a low oil price environment for an interest in the Pikka Field, a discovery in the Nanushuk Formation.

"Success at Merlin-1 would be transformational for our shareholders and we look forward to providing further information on operations over the next 4 to 6 weeks.’’

https://88energy.com/

https://www.facebook.com/88EnergyLtd/



This section maintained by Pro-Life - DO NOT EDIT OR ADD HERE UNDER ANY CIRCUMSTANCE PER MODERATOR TOS:


NEW on YT: Project Peregrine - 88 Energy - 10.18.2021 

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166410430
 

 

 





https://wcsecure.weblink.com.au/pdf/88E/02495881.pdf




88 Energy trades on 4 global platforms:
Australian Stock Exchange (ASX), London Stock Exchange (LSE) German Boerse (DAX) and otcMarkets:


Check ASX action: https://www2.asx.com.au/markets/company/88e

Check German Boerse action: https://www.boerse-frankfurt.de/equity/88-energy-ltd

Check LSE action: https://www.lse.co.uk/SharePrice.asp?shareprice=88E&share=88-Energy

Check otcMarkets action: https://www.otcmarkets.com/stock/EEENF/quote


Convert AUD to USD or British Pounds to USD: https://www.bankrate.com/calculators/investing/currencycalc.aspx

Lots of 88E coverage:  https://www.nextoilrush.com

A Quick Guide to Knowing What You Own as an Oil Investorhttps://katusaresearch.com/not-oil-created-equal-quick-guide-knowing-oil-investor/

Share Structure per the company website: https://www.88energy.com/capital-structure/



Newest Investor's Presentation released 9.1.2021:
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02417008-6A1048649?access_token=83ff96335c2d45a094df02a206a39ff4

Going debt free... the greatest 88E announcement to date - 6.21.2021!!!


Via e-Mail...

88 Energy Limited

Sale of Tax Credits and Full Repayment of Debt

https://wcsecure.weblink.com.au/pdf/88E/02386132.pdf




Page 16 from financials released on 10.8.2021 - https://clients3.weblink.com.au/pdf/88E/02405874.pdf





 

 




MUST SEE >>> DO NOT MISS <<< IMPORTANT

HUGE Twitter DD thread... 88E ROAD to success exists:

http://twitter.com/StevenStocks5/status/1432107880598102023

88E Due Diligence Collection from PokeStonksTrainer (@HarisRad88):

https://threadreaderapp.com/user/HarisRad88



Must see DD (88 slides of light sweet crude):

https://drive.google.com/file/d/101BYeTf-8hs5vtSbDRNk0jFxFjtvkl1r/view


For future reference going into 2022 and the BLM - from WOOFERHEAD:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165866733



https://www.proactiveinvestors.com/companies/news/963322/88-energy-updates-on-operations-as-it-sits-on-comfortable-cash-pile-963322.html


https://www.reddit.com/r/EEENF/comments/t1f0iu/alright_folks_lets_get_something_straight/


https://finance.yahoo.com/news/88-energy-limited-asx-88e-230414601.html



doinit Presents... Crude Oil Basics:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165612520


Basic Petroleum Geology 6:20 in length. https://www.youtube.com/watch?v=pmIkxs6TRao 

Elements of Basic Petroleum Geology. 6:04 in length. 
https://www.youtube.com/watch?v=S5xZf-IDoAg 

Hydrocarbon Traps - Basic Definitions. 6:21 in length. 
https://www.youtube.com/watch?v=FHwt7CDvIT0 

Structural Hydrocarbon Traps. 5:40 in length. 
https://www.youtube.com/watch?v=1FeMmEdZeck 

Stratigraphic Hydrocarbon Traps. 7:07 in length. 
https://www.youtube.com/watch?v=DAl2WfM_NAE 

Introduction to Seismic. 5:11 in length. 
https://www.youtube.com/watch?v=vrj7lulFe_M


Brent Crude vs. West Texas Intermediate: The Differences

By 

Updated Sep 30, 2020

https://www.investopedia.com/ask/answers/052615/what-difference-between-brent-crude-and-west-texas-intermediate.asp
 

West Texas Intermediate 

In the United States, West Texas Intermediate is the preferred measure and pricing model. It is also slightly "sweeter" and "lighter" than Brent.
West Texas Intermediate (WTI) is slightly lower in price than Brent. As of November 2, 2020, WTI was trading at $38.76 per barrel, while Brent traded at $41.19.
The offshore oil rigs, despite being in the news more often, most famously with the BP oil leak of 2010, are heavily traded as barometers of domestic oil market health.



ALASKA'S OIL & GAS INDUSTRY

BACKGROUND  •  HISTORY  •  THE FUTURE  •  FACTS  •  PRODUCTION

SB21  •  PRODUCERS & EXPLORERS  •  ALYESKA PIPELINE SERVICE COMPANY

REFINERS  •  LINKS  •  SOURCES  •  COMMENTS


https://www.akrdc.org/oil-and-gas


http://dnr.alaska.gov/commis/Presentations/Alaska_North_Slope_Gas_Potential_Sept_2016.pdf


https://www.reddit.com/r/EEENF/



 



Which Are The Seven Steps Of Oil And Natural Gas Extraction?

http://www.sheerproject.eu/which-are-the-seven-steps-of-oil-and-natural-gas-extraction/

 



^^^ This section maintained by Pro-Life - DO NOT EDIT OR ADD HERE UNDER ANY CIRCUMSTANCE PER MODERATOR TOS:





Useful site to track the permits being issued along with other data

http://aogweb.state.ak.us/Drilling
 

 
PlusOneCoin Top Posts Free PlusOneCoin
No plusone'd posts yet. Be the first!
Post Subject
#39753
$EEENF ~ NEW ARTICLE: New Alaska oil well S-BEES-BUMBLEBEE 07/09/2022 10:35:25 AM
#31939
HUGE Twitter DD thread... 88E ROAD to success exists: Pro-Life 08/29/2021 11:36:24 PM
#6711
For Board Newbies...latest $EEENF news/infos down below HighYieldStocks 03/31/2021 12:00:17 PM
#40059
Management do a buyout, feel a buyout TRUSTUNITS1000000 08/14/2022 08:52:51 AM
#40058
I’m watching the movie Titantic 3. Sister mypenneys 08/13/2022 09:07:41 PM
#40057
Interesting company TRUSTUNITS1000000 08/13/2022 01:53:39 PM
#40056
Multiple pennies buyout would be great TRUSTUNITS1000000 08/13/2022 01:53:29 PM
#40055
Up yesterday great TRUSTUNITS1000000 08/13/2022 01:53:07 PM
#40054
lol....Go to sleep kid. Alpha611 08/12/2022 04:10:17 PM
#40053
I can't believe here people here bought this stockstobuy 08/12/2022 12:46:44 PM
#40052
Wait till the stink kicks in. Maybe then Alpha611 08/12/2022 12:38:17 PM
#40051
phahahahahahahahahahahahaha oh no dont step on that,.hahahahahahahahahahahahahah misterfishman 08/12/2022 07:06:22 AM
#40050
If this is a scam management must just TRUSTUNITS1000000 08/12/2022 06:46:55 AM
#40049
At least we have Texas production property. TRUSTUNITS1000000 08/12/2022 06:40:13 AM
#40048
Terrible TRUSTUNITS1000000 08/12/2022 06:39:03 AM
#40047
This stock is scamming all the way. They powerbattles 08/12/2022 03:53:16 AM
#40046
lol...It gets better. Alpha611 08/11/2022 11:57:21 PM
#40045
wow,i haven't been over here in a longtime misterfishman 08/11/2022 10:10:50 PM
#40044
As the ole sane goes. There, Is, One, Alpha611 08/11/2022 09:20:14 PM
#40043
THEIR,NEWS,SAYS,"TARGETING,BILLION,BBLS",DOESN'T,MEAN,IT'S,THERE doinit 08/11/2022 08:28:00 PM
#40042
THIS,IS,WHAT,NEWS,IS,TRYING,TO,DO,FOR,LOOK,PPS,NUMBERS,,,WHO,WROTE,THAT,?? ASX ANNOUNCEMENT doinit 08/11/2022 08:25:17 PM
#40041
Yep https://wcsecure.weblink.com.au/pdf/88E/02552496.pdf Poor bastard 08/11/2022 08:15:22 PM
#40040
So the big news is extracting another 15 Poor bastard 08/11/2022 08:14:19 PM
#40039
https://wcsecure.weblink.com.au/pdf/88E/02552496.pdf Poor bastard 08/11/2022 08:13:16 PM
#40038
It's called baiting the line. Alpha611 08/11/2022 06:01:52 PM
#40037
Merlin 2 was suppose to produce 635 million mypenneys 08/11/2022 05:56:51 PM
#40036
HEYYY ! Ease up guy's! There's always next year. Alpha611 08/11/2022 05:03:45 PM
#40035
no info on recovery potential,porosity,or,quality,,empty news for me,, doinit 08/11/2022 04:45:18 PM
#40034
TRYING TO STOP THE STOCK PRICE CRASH,,,DILUTION,ONGOING doinit 08/11/2022 04:37:09 PM
#40033
they making,that,news,having,done,NO,DRILLING,,I,call,BS,on,that,LOL doinit 08/11/2022 04:35:58 PM
#40032
Doesn't matter. As of right now no one Alpha611 08/11/2022 04:35:31 PM
#40031
Nice! Alpha611 08/11/2022 04:28:08 PM
#40030
https://www.rigzone.com/news/88_energy_makes_1_billion_barrel_oil_announcement-1 Poor bastard 08/11/2022 04:09:32 PM
#40029
https://www.rigzone.com/news/88_energy_makes_1_billion_barrel_oil_announcement-1 Poor bastard 08/11/2022 04:09:24 PM
#40028
With an additional estimated 1,000,000,000+ BOE at project S-BEES-BUMBLEBEE 08/11/2022 03:25:49 PM
#40027
This EEENF is starting to fall back to stock4fun 08/11/2022 03:00:29 PM
#40025
Not sure. It was an Australian news broadcast. Alpha611 08/11/2022 02:01:59 PM
#40024
THAT LINK DOESN'T CONNECT. SAYS IT CAN'T BE FOUND doinit 08/11/2022 12:40:13 PM
#40023
https://www-rigzone-com.cdn.ampproject.org/v/s/www.rigzone.com/news/88_energy_ma ksaw 08/11/2022 12:16:09 PM
#40022
I thought there was a halt to trading. zekester 08/11/2022 11:11:58 AM
#40021
Management please no r s TRUSTUNITS1000000 08/11/2022 10:17:13 AM
#40020
Wonder if tweet real TRUSTUNITS1000000 08/11/2022 10:16:53 AM
#40019
Could this be the bottom TRUSTUNITS1000000 08/11/2022 10:16:41 AM
#40018
Nice! crazybadger 08/11/2022 08:33:06 AM
#40017
$EEENF ... NEW tweet ... https://twitter.com/i/timeline ... Maiden HighYieldStocks 08/11/2022 06:02:26 AM
#40016
lol...Maybe they want more money! 1 for Alpha611 08/10/2022 12:33:10 PM
#40015
Billions market capitalization in the making jmo TRUSTUNITS1000000 08/10/2022 09:31:06 AM
#40014
I want a cash buyout jmo if there TRUSTUNITS1000000 08/10/2022 09:30:51 AM
#40013
Cop buy us you never know TRUSTUNITS1000000 08/10/2022 09:30:26 AM
#40012
One day someone sells and the next day TRUSTUNITS1000000 08/10/2022 09:30:05 AM
#40011
Maybe company next to us merge TRUSTUNITS1000000 08/10/2022 09:29:47 AM
#40010
Maybe merger TRUSTUNITS1000000 08/10/2022 09:29:22 AM
#40009
Wonder why the halt TRUSTUNITS1000000 08/10/2022 09:29:12 AM
Post Subject