Replies to post #2296 on 88 Energy Ltd (EEENF)

[cjstocksup]

Excellent EEENF DD from a driller, keep posting more DD on oil drilling.

40 year+ Driller...the biggest challenge I see is they are utilizing a 7000ft Drilling Rig to drill a 6000ft well...this could delay them some, but it is a vertical well I assume, so that will give them and edge in rig horsepower as well...should be a straight forward drill and log, but they may have to set another string of casing as well prior to drilling the objective reservoir/formation...if so it will delay them 5-7 days as well...and they may also have run the logs on the drill string there if the formation pressure is lower, I do not know, if the do it will extend logging timing a few days and delay results...depending on the logs they run will actually tell you what they have found, IF they cut the Logging Program short then most like what they have found is not commercially viable...looking at the seismic log they could be down in the water leg of the reservoir as well, so a lot of variables to be determined...don't risk more than you are ready to lose or hold until next drilling season when they drill Harrier 1...I've drilled every kind of well there is to drill all over the world, I hope they have a great find and perform a DST...if they do say they are DSTing then more than likely it can be commercially produced...they won't spend/waste one more penny than they have to for sure if the initial logs reflect poor results, reservoir size, and permeability quality...they may also hit ONLY gas, but it would give them some results and they could probably determine where the oil lies from looking at the logs/seismic as well...so that would still be a PLUS in my book...

[knrorrel]

Thank you very much for the very interesting contribution, then we hope for the best and everything will go well for us shareholders.

[bluebird50]

Great post.... love the experience! So we are looking at maybe a few extra days here than anticipated originally. No worries...

The fact your experienced and your posting here lays more confidence for me in this play.... thank you !

And if the results are good on this drill then your saying next year could get real good with this stock... I may have to go long term here on some shares! Thanks for that piece of info....

I almost feel that your more excited about next year than this..... so from your prospective? Why would the company go with the seemingly less attractive drill location? (lease or permit problems? or haven't proved out the location to their liking? ) Not sure if your experience was in upper management with the companies; and no biggie in my opinion.....
I would take the word of a good lead over corporate tie any day of the week!

I was Private messaging this guy about a decade ago when the BP mess in the gulf was going on and he was critiquing what BP was doing wrong and right when they were trying to get it under control..... and this guy from Texas was dead on the money in his estimations.