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Great link. Thank you Bee. GL
Up tick rule please?
Two big home runs worthy there Able. Should be golden. GLTA
New beginnings for sure. Looking forward to the stated promos and updates. Hold ‘em to it. GL
Either way. Tis now ripe for multiple gains with a little fresh powder & patience.
Ding! Time to cost average or invest.
Easy $$ here. Don’t get greedy and wash rinse repeat. Automatic if patient
Times are tough in penny land for both sides. Some tickers are abandoning their QB status. I don’t see EEENF doing so.
Double zero dipping are blue light specials in my opinion. GL. Happy trading.
Thank you for your email and interest in ENDRA Life Sciences.
As you know, the company does not control the stock’s trading activity, and the best way to address the stock’s performance is for the business to perform. Management is committed to executing its business strategy to commercialize the TAEUS system and looks forward to updating shareholders on material developments as appropriate.
As management stated in the last earnings conference call, there are several key milestones the company is striving to achieve this year including:
Advancing TAEUS through the US regulatory process and submitting a De Novo request,
Demonstrating TAEUS' clinical value by generating additional data with its evaluation sites to support its regulatory submission and commercialization,
Accelerating its commercial channel and marketing activities in line with the reopening of global markets to generate orders for TAEUS in Europe,
Securing additional pharmaceutical and other industry partnerships to expand the opportunity for TAEUS outside the clinical end-user market and
Continuing to strengthen its intellectual property portfolio to protect its proprietary technology, expand its potential area of use and increase out licensing opportunities.
Kind regards,
Yvonne
‘Cant’t go wrong jumping in here. Hate to be out for the long weekend. Even if it is for just a bump. This ticker has springs! GL.
Good riddance Shorty. Europe struggle just began. You can invest in that long term.
Looking forward to burning them SHORTLY.
Ooops. That was supposed to be all oil barrels not ?? Marks. Sorry. Oil gushing!
I held kgkg for three years. Didnt sell to the short man. Being rewarded today.
Yup. 2 types of people…Even though shorting has great risks
I’d rather belong to the upside. We are on the downside of markets. Do not sell to them. Bag land sucks but it’s better than making a Short man richer.
ASX ANNOUNCEMENT 8 April 2022
This announcement contains inside information
88 Energy Limited
Project Icewine - Preliminary Mapping Complete, Resource Update Pending, Farm-In Discussions Advancing
Highlights
• Preliminary third-party mapping of the Shelf Margin Delta (SMD) play indicates extension of the SMD play fairway, where neighbour Pantheon Resources has had significant success in recent months, onto 88E’s Project Icewine leases.
• Mapping of Seabee Lower Basin Floor Fan (BFF) and Slope Fan System (SFS) approaching finalisation.
• Completion of independent resource update for Project Icewine scheduled for Q2 2022.
• Discussions and negotiations with potential Project Icewine farm-in parties ongoing.
• Development of forward work-program to assess the potential of the SMD, SFS and BFF play fairways on the Project Icewine acreage is progressing.
88 Energy Limited (ASX:88E, AIM:88E, OTC:EEENF) (88 Energy or the Company) is pleased to report that the ongoing assessment of the SMD, SFS and BFF play fairways onto its Project Icewine acreage (75% 88 Energy WI) is progressing as planned.
Preliminary independent third-party mapping using available well information from presentations publicly released by neighbouring acreage holder, Pantheon Resources (AIM:PANR) (Pantheon), plus internal 88E data, including Icewine-1 and Icewine-2 well logs and existing 2D seismic, indicates that all play fairways extend into the Project Icewine lease holding.
The source rocks (GRZ/HRZ) for the Brookian plays within the Project Icewine area are modelled to be within the oil mature window, with historical wells reporting abundant oil shows and interpreted oil saturations from electric log data.
Recent Pantheon wells – Alkaid-1, Talitha-A and Theta West-1 – have flowed 35 to 400 API oil from multiple Brookian reservoirs. Pantheon testing has confirmed reservoir deliverability of light, sweet oil (see Pantheon releases of 7 and 21 February 2022), which 88 Energy believes is positive for the prospectivity of the adjacent Project Icewine acreage.
Pantheon drilled the Talitha-A well, which is located just 2.8 miles north of the Project Icewine permit boundary, in Q1 2021. The well was suspended following a production test of the Kuparuk, with Pantheon announcing its intention to return to test additional targets, namely the BFF, the SFS and the SMD, during the 2022 drilling season. Earlier this year, Pantheon re-entered the Talitha-A well and individually flow-tested the BFF target and the SFS target, which resulted in the sustained recovery of light oil over a three-day period from each test. All targets are interpreted by the Company, and independently, to extend into the Project Icewine acreage.
www.88energy.com
ABN 80 072 964 179
Ground Floor, 516 Hay Street, Subiaco WA 6008 PO Box 352, Subiaco WA 6904 Australia Phone +61 8 9485 0990
Figure 1: Preliminary third-party mapping of SMD indicates extension of play fairway onto Project Icewine
The results of Pantheon’s Talitha-A well, combined with its earlier Alkaid-1 (2019) well, have been considered as part of a re-evaluation of 88 Energy’s Icewine-1 well data. Subsequent and independent comparisons of the zone that was tested and flowed light oil in Alkaid-1 at “80-100 BOPD light oil” (see Pantheon release of 25 March 2019) against the Icewine-1 well, have revealed the porosity and resistivity of a similar 110 ft net section in Icewine-1 well to be higher. Higher porosity is indicative of better reservoir quality and higher resistivity is an indicator that greater amounts of hydrocarbons are present. Given the favourable petrophysical comparison between Icewine-1 and Alkaid-1, the Company is optimistic that a production test in the Eastern Icewine acreage could yield a similar or better result than seen during the testing of Alkaid-1.
Following the successful testing at Talitha-A, Pantheon moved to test the BFF fan prospect in their Theta West well, reporting “light 35.5-38.5 degree API gravity oil at rates that averaged over 57 barrels of oil per day” (see Pantheon release of 24 March 2022). All reported Pantheon tests to date have been performed on vertical, stimulated wells.
Following the recent results from the Talitha-A and Theta West-1 wells drilled by Pantheon, 88 Energy has a positive view of the potential of the SMD, SFS and BFF play fairways that extend onto the Icewine acreage. In particular, the Company notes the relative consistency of results over a large area to the north, suggestive of reasonably homogeneous reservoirs that potentially extend into 88 Energy’s acreage. The Company also notes Pantheon’s planned development wells are expected to produce at rates of over 1,000 BOPD per well via long horizontal wells with multi-stage hydraulic fracturing technology (see Pantheon release of 24 January 2022).
Page 2 of 5
Figure 2: Shelf Margin Delta Sequence Correlation Panel
88 Energy is in the process of finalising mapping of the SFS and BFF play fairways onto the Icewine acreage and expects this work to be completed in April 2022. Once complete, the combined mapping of the three prospects (SMD, SFS and BFF) is set to form the basis of an updated resource estimate at Project Icewine, scheduled for completion in Q2 2022.
88 Energy advises that it is in ongoing discussions in relation to a potential farm-out of the Project Icewine acreage. Due diligence activities and negotiations are advancing with regard to the potential farm-in by a third party and the related work program terms and structure. Execution and completion of the potential transaction is not guaranteed and remains subject to all final documentation being agreed and due diligence completed. There is no guarantee that negotiations will lead to a binding agreement or a completed transaction.
Page 3 of 5
This announcement has been authorised by the Board.
Media and Investor Relations:
88 Energy Ltd
Ashley Gilbert, Managing Director
Tel: +61 8 9485 0990 Email:investor-relations@88energy.com
Finlay Thomson, Investor Relations
Fivemark Partners, Investor and Media Relations
Andrew Edge / Michael Vaughan
EurozHartleys Ltd
Dale Bryan
Cenkos Securities
Neil McDonald / Derrick Lee
Tel: +44 7976 248471
Tel: +61 410 276 744 Tel: +61 422 602 720
Tel: + 61 8 9268 2829 Tel: + 44 131 220 6939
Pursuant to the requirements of the ASX Listing Rules Chapter 5 and the AIM Rules for Companies, the technical information and resource reporting contained in this announcement was prepared by, or under the supervision of, Dr Stephen Staley, who is a Non-Executive Director of the Company. Dr Staley has more than 35 years' experience in the petroleum industry, is a Fellow of the Geological Society of London, and a qualified Geologist/Geophysicist who has sufficient experience that is relevant to the style and nature of the oil prospects under consideration and to the activities discussed in this document. Dr Staley has reviewed the information and supporting documentation referred to in this announcement and considers the resource and reserve estimates to be fairly represented and consents to its release in the form and context in which it appears. His academic qualifications and industry memberships appear on the Company's website and both comply with the criteria for "Competence" under clause 3.1 of the Valmin Code 2015. Terminology and standards adopted by the Society of Petroleum Engineers "Petroleum Resources Management System" have been applied in producing this document.
Page 4 of 5
About Project Icewine
Project Icewine is located on the central North Slope of Alaska and encompasses approximately 195,000 acres. It is situated on-trend to recent discoveries in multiple, newly successful play types in topset and bottom-set sands of the Schrader Bluff and Seabee formations. 88 Energy has a 75% working interest in the Project.
88 Energy has acquired 2D and 3D seismic and drilled three exploration wells in the acreage, including the Charlie-1 discovery well in Q1 CY2020.
Project Icewine and Near Lease Discoveries
Note:
1. Talitha-A well was drilled and tested by Pantheon Resources LLC in Q1 2021
2. Please refer to the ASX release dated 10 November 2020 for full details with respect to the Prospective Resource
estimate, associated risking
3. Cautionary Statement: The estimated quantities of petroleum that may be potentially recovered by the application of a
future development project relate to undiscovered accumulations. These estimates have both an associated risk of discovery and a risk of development. Further exploration, appraisal and evaluation are required to determine the existence of a significant quantity of potentially movable hydrocarbons. Page 5 of 5
Keep churning! Great volume. Will break…GL
Kernels are popping here….glta
Good to be ready to double up for these moments. Cuts Half your loss and bag time.
I think his point being; John M. Sold out to the new manipulative tech gen. folk to take over the company. He describes them as the future of transportation. Ha
Students of Elon perhaps? Haha
All due respect. John M. goofed up and gave me 6 hours to sell at .22 cents at one time and i passed. My bad.
Cheers to this article. We baggies must now look to their future attainable goals.
We weren’t stupid. We were told of good signs that there was oyle in that there hole.
Damn it!
I understand the sentiment but that would only help guarantee you never see your $$ again.
Not at .04 cents but This is where you buy the hell out of this.
It now appears the mid Jan. Meeting is the next ray of hope. It could be a couple of years to get it back on the exchange if ever. I’ve held others for much longer so hope springs eternal.
Did the same. Doubled share count down here in the 5’s. Can’t lose. GLTA
Some serious shake out action going on. Separating the wheat from chaff. Clear the ladder.
Agreed. Tx
…and getting louder. You hear it too I see
Excellent. Thanks for clarification. Good vibes ahead…!
Thx. Does John do business w/ Cougar
presently?
We knew that…whats TLSS relationship status w/ SalSon today?
Either The D word or flippin’. Pick a color
By my reads it’s an Oct. surprise reveal.
Get your seats early.
Time to Mambo for sure…
Haha. Thats alotta anchelattas* Glta
Gotta b on top of share count here too.
Makes sense. Tx
Something interesting going on here at the .02 wall. ??
Rare breed here. Rode it to .21 once couple yrs ago. The share structure has since changed but I anticipate a slower but sure rise in pps.
Yes Sirrr! Good one to build on. Easy double soon.
Same here. TLSS is good for the quick runs and or long play. Cant go wrong down here. GLTA
Affirmative JACKPOT!