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


Oil Exploration

Our Entry Price $ Current Price $ Current Return Highest Price $ Highest Return
$ 0.006 $ 0.023 283% $ 0.096 1500%


Overview

88 Energy (ASX: 88E | LON: 88E | OTC: EEENF) operates ~310,000 net acres at Project Icewine and 195,000 net acres at Project Peregrine, both targeting oil on the world class North Slope of Alaska.

88E’s Project Peregrine has a 1.6 billion barrel gross mean unrisked recoverable prospective resource, located on trend to recent discoveries, including one by oil super major ConocoPhillips (NYSE: COP).

88E’s Merlin-1 well is the first to drill test this billion barrel plus gross prospective resource.

This well delivered a decent result compared to the vast majority of other exploration results we have seen in our time, however the market reacted negatively.

While the Merlin-1 drilling program experienced some challenges, there was an unexpected development that could prove to be highly material when targeting the Project Peregrine acreage.

One of the zones tested during the Merlin-1 program is considered to be a new prospective horizon within the Nanushuk Formation that may be wholly within the Project Peregrine acreage and was not one of the pre-drill targets.

The other zone is interpreted to be shared with one of the zones in the Harrier prospect to the north of Merlin.

88E will continue to deliver news from this drilling event.

We hold a long term position in 88E and always stick to the same investment strategy when investing in any exploration stock. The plan is to invest early (many months before the drilling), patiently hold and then take some profit in the lead up to the drilling results so we can be free carried into the actual results announcement.

There will be a lot of lab analysis over the coming weeks which is going to help 88E understand what it hit in recent weeks and the company will start to reveal what the plan will be to figure out exactly what is down there….

We expect to see several catalysts and news events in the coming weeks and months.

Why we have invested...

  • North slope portfolio
    • The north slopes is one of the oiliest places on earth with multiple billion-barrel discoveries made, include one by oil super major ConocoPhilips (NYSE: COP)
  • Project Peregrine
    • Project Peregrine has a 1.6 billion barrel gross mean unrisked recoverable prospective resource
  • Project Icewine
    • 88 Energy operates ~310,000 net acres at Project Icewine
  • Merlin-1 well
    • The Merlin-1 well is the first to drill test the 1.6 billion barrel plus gross prospective resource. The drilling program will target 645 million barrels of gross mean prospective resource
  • Drilling funded
    • 8E is carried for the first US$10 million (of an estimated US$12.6 million total cost) fir the Merlin-1 well through a farm-in partner.
  • Harrier-1
    • 88E’s second well Harrier-1, is targeting a gross mean prospective resource of 417 million barrels and is expected to cost approximately US$7 million/
  • Macro outlook
    • The oil price recently hit a 12 month high as a big freeze in the US, suffocates supply



Our Latest Articles on 88 Energy


Type Date Share Price $ Title
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
Article 24-Feb-2020 $ 0.024 88 Energy’s Drill Rig is Now on its Way to Drill One of the Biggest Wells of 2020
Article 19-Nov-2019 $ 0.015 88 Energy Edge Closer to Spud Date on One of the Biggest Oil Wells of 2020
Article 15-Oct-2019 $ 0.012 88E to Drill One of The Biggest Oil Wells in The World in 2020
Article 23-Aug-2019 $ 0.016 88E Partner with $1B Premier Oil in North Slope Farmout: Drilling Q1 2020

Market Data


Latest Article

88E - What Just Happened?

88E - What Just Happened?

In the last few weeks 88 Energy (ASX: 88E) ran up over 1,000% on speculation of a huge, gushing oil result… Today the 88E share price has taken a healthy reality check (in other words it got smashed from its highs) on what was actually quite positive progress as far as oil exploration results go.

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