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88 Energy
(ASX:88E, AIM:88E)


 

  Our Initial Entry
Price

Portfolio Initiation

5 Day VWAP
After Initiation

Current Price

Our Current Returns

ASX:88E
$0.005
$0.005
Jul 23 2020
$0.005
$0.037
    640%

ASX:88E
Our Current Returns
640%
View


Overview

📋 About: 88 Energy (ASX: 88E | LON: 88E | OTC: EEENF) is an early stage oil explorer that operates in the North Slope of Alaska.

Project Peregrine: 1.6 billion barrel gross mean unrisked recoverable prospective resource on the North Slope of Alaska.

Project Icewine: Operator on majority of ~260,000  contiguous acres (~200,000 net) onshore Alaska in prolific oil-rich province with multiple objectives

🌏 Macro Theme: Oil & Gas was unloved in 2020 during COVID-19 pandemic and a rebound is expected in 2021

88 Energy Company Milestones

✅ Portfolio Initiation: Next Investors Commentary
✅ Acquired Project (Peregrine): Next Investors Commentary
✅ Drilling Results (Icewine, Charlie-1): Next Investors Commentary
✅ Capital Raise $10M @0.6c: Next Investors Commentary
✅ Resource Upgrade (Icewine): Next Investors Commentary
✅ Farmout Agreement Secured (Peregrine): Next Investors Commentary
✅ Acquired Project (Umiat): Next Investors Commentary
✅ Drilling Permit Secured (Peregrine, Merlin-1): Next Investors Commentary
✅ Drilling Commenced (Peregrine, Merlin-1): Next Investors Commentary
✅ Drilling Complete (Peregrine, Merlin-1): Next Investors Commentary
✅ Initial Lab Results (Peregrine, Merlin-1): Next Investors Commentary
✅ Buy back of 100% of Project Peregrine from APDC:
Next Investors Commentary
🔲 Further Lab Results (Peregrine, Merlin-1)
🔲 Final Petrophysical Interpretation (Peregrine, Merlin-1)
🔲 Planning for a second well, Harrier-1 or other location (Peregrine)
🔲 Planning for a possible in-fill 2D or 3D seismic (Peregrine)
🔲 Assessment of potential development options for asset (Umiat)
🔲 Positive results from neighbour Pantheon Resources drilling (Icewine)
🔲 Farmout Peregrine to new partner
🔲 Farmout of acreage to fund an appraisal well (Icewine)
🔲 Commercialisation Opportunities (Icewine, Charlie-1)
🔲 Unexpected Positive Announcement 1
🔲 Unexpected Positive Announcement 2
🔲 Unexpected Positive Announcement 3

Next Investors Exploration Investment Milestones

1st Key Drilling Event - Feb 2021

✅ Initial Investment: @0.5c (9 months before key drilling event)
✅ Increase Investment: @0.6c (6 months before key drilling event)
✅ Price increases 500% from initial entry
✅ Price increases 1000% from initial entry
🔲 Price increases 2000% from initial entry
✅ Free Carry (days before key drilling event)

✅ Take Some Profit (days before key drilling event)
✅ Hold position for key drilling event
✅ Decide New Investment Plan after results of key drilling event

2nd Key Drilling Event - Feb 2022?

✅ Increase Investment: @2.5c (≈9 months before key drilling event)
🔲 Increase Investment
🔲 Increase Investment
🔲 Price increases 500% from investment
🔲 Price increases 1000% from investment
🔲 Price increases 2000% from initial entry
🔲 Free Carry (days before key drilling event)
🔲 Take Some Profit (days before key drilling event)
🔲 Hold position for key drilling event
🔲 Decide New Investment Plan after results of key drilling event

"Expected Company Milestones" are based on the company's publicly available execution plan and some assumptions made by our team on potential announcements that should de-risk the investment. “Our investment milestones” show our current long-term investment plan. Early stage investments are risky and there is no guarantee that the expected events will occur. The lists are not in sequential order.

Key

🔲 Expected Milestone
✅ Achieved Milestone
🟩 Above Average Result
🟨 Average (Expected) Result
🟧 Below Average Result
🟥 Negative Result
🌎 Macro Event
⚔️ Results from Other Company / Project
[UPA] Unexpected Positive Announcement
[NEW] New Milestone Added



Our Past Commentary on 88 Energy


Type Date New Title
Article 03-Jul-2021 $ 0.037 What Happened This Week? July-3rd-2021
Email 26-Jun-2021 $ 0.025 What Happened This Week? June-26th-2021
Email 12-Jun-2021 $ 0.021 What Happened This Week? June-12th-2021
Email 07-Jun-2021 $ 0.021 88E back to 100% ownership of 1.6 billion barrel project
Email 29-May-2021 $ 0.022 What Happened This Week? May-29th-2021
Email 25-May-2021 $ Oil Discovery? 88E’s Lab Results Reveal More...
Email 27-Apr-2021 $ 0.023 Our Portfolio Performance from January 1st to March 31st 2021
Email 06-Apr-2021 $ 0.028 88E - What Just Happened?
Email 29-Mar-2021 $ 0.037 Promising Results so Far… But there is Some More Work to Do…
Email 23-Mar-2021 $ 0.020 TRIPLE DOWN ALERT - Plus 6 Hot Stocks
Email 22-Mar-2021 $ 0.020 Best of luck 88E investors - the next few days are about to get interesting...
Email 19-Feb-2021 $ 0.008 It’s Showtime - just 2 weeks to go…. good luck everyone
Email 01-Feb-2021 $ 0.010 88E Secures Permit to Drill
Article 11-Jan-2021 $ 0.010 Oil Strikes Back. 88E Leveraged to Exploration Success in Coming Weeks
Email 11-Jan-2021 $ 0.010 Oil is Back: 88E is Drilling in Weeks.
Article 07-Jan-2021 $ 0.008 Our Stock Picks for 2021
Email 05-Dec-2020 $ 0.007 This Week’s News Makers are Riding High
Article 04-Dec-2020 $ 0.007 88E Confirms Farm in Partner: Stage is Set for February 2021 Drilling Event
Email 04-Dec-2020 $ 0.007 Friday Stock Pick: Will it Happen Again...
Article 19-Nov-2020 $ 0.007 88E is Primed for Another Run in Lead Up to Multi-Billion Barrel Drilling Event
Article 11-Sep-2020 $ 0.006 We Just Doubled Our Holdings in 88E - Find Out Why
Article 23-Jul-2020 $ 0.005 More Shots on Goal Ahead: 88E Reveals Next Multi-Billion Barrel Oil Opportunity





88 Energy ESG Report



Market Data


Latest Article

What Happened This Week? July-3rd-2021

What Happened This Week? July-3rd-2021

The new financial year arrived this week and it certainly delivered what we were hoping for with many of our long term portfolio companies reclaiming some lost ground in a suddenly buoyant small cap market.

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