88 Energy Investors - 88E

88 Energy Investors - 88E

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Stock Name Stock Symbol Market Stock Type
88 Energy Limited 88E London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.015 2.68% 0.575 08:41:39
Open Price Low Price High Price Close Price Previous Close
0.55 0.55 0.575 0.56
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technowiz: worth a read. posted today: 88 Energy Ltd (OTCMKTS: EEENF) Powerful Reversal Northbound Brewing as Oil Operator Moves On From Merlin-2 to Focus on Portfolio in Alaska North Slope & Newly Acquired Project Longhorn hxxps://microcapdaily.com/88-energy-ltd-otcmkts-eeenf-powerful-reversal-northbound-brewing-as-oil-operator-moves-on-from-merlin-2-to-focus-on-portfolio-in-alaska-north-slope-newly-acquired-project-longhorn/ "investors are heavily accumulating at these levels as the drop has been more significant than the news was bad".
bryan_davis1973: We are onto a winner super news today for investors with gas readings and oil shows Bryan
the count of monte_cristo: Argos Resources - Nobody cared when oil was 40 USD, it is now close to 100 USD - No new oil fields are being found - It was almost a decade ago now that we had the exploration in the Falklands - The area is still highly prospective for oil and gas - What wasn't of interest at an oil price of 40 USD is now interesting at 100 USD - MARKET CAP IS 3.64m GBP (BOR is double that) hTTp://www.argosresources.com/the-opportunity.php hTTp://www.argosresources.com/perch/resources/arg-investor-presentation-2015-10-22.pdf
pejaten: ASX-listed 88 Energy, which is looking for oil in Alaska, was fronting investors for a $20 million placement on Thursday morning. The placement was priced at 3.5¢ a share, a 30 per cent discount to the last traded price. 88E Energy is looking for oil in Alaska. US Geological Survey Potential investors were told the money would go towards drilling costs at its Merlin-2 well at the Peregrine project, and towards working capital and administration overheads for the next 12 months. The company may also use it for funding new near-term ventures, according to the terms sent to potential investors. It said it was continually discussing opportunities across the asset cycle with multiple parties but had no new ones to disclose during the raise. 88 Energy has also issued a drilling contractor for Merlin-2 drilling 143 million new ordinary shares (also at 3.5¢ a share) in lieu of $5 million worth of invoices. 30% discount given the current excitement is quite steep
shanew48: The future is Bright! "Here is the case for 88E: -Oil exploration company based in Australia -Multi-Listed stock on ASX, LSE, Frankfurt and OTC-Pink -440,000 net acres on the Alaskan Central North Slope and NPR-A -Net Mean Prospective (NMP) >3.4Bils bbl oil, 1.0 TCF gas -Four (4) Prospective Projects (Peregrine, Icewine, Yukon, Umiat) - $23MILS less Q2 NWC in Cash, $0.0 Debt, 100% WI in properties, less Icewine (75%) -Known/shared horizons with COP Willow (Peregrine) and Talitha-Pantheon (Icewine) discoveries -Direct land access to TAPS (Icewine) -Merlin-1 (Peregrine) confirmed HC at multiple zones -COP Willow v. Alaska Native verdict in 9th Circuit (July) -All management with 30yrs industry experience -Management stock options $0.050-0.055 expire in Oct-2021 -Director and New CFO have unique M&A experience (E&P) -DCF Valuation Model most Probable PT: $0.07-0.30 (Median: $0.18) -Tight consolidation, good support at $0.030, $0.025-0.030 loading" hxxps://stocktwits.com/STINKPOTFEVER/message/352196949 Special Analysis "[For New or Returning Investors] In April, this stock ran up to $0.09 on the premise that perhaps Merlin-1 would yield an oil discovery on 50% WI in the middle of a pandemic with a Democratic government in-place and Oil at $59/bbl. What has happened since then? The Company has secured 100% WI in the associated project, Crude Oil has sky-rocketed to $72/bbl, the Biden Administration has confirmed/supported the viability of NPRA leases, 88E has cleared its balance sheet of all debt obligations, added $3.0Mils in cash, and confirmed definitively light crude in multiple samples from Merlin-1. The former director has doubled down on stock and 150Mils RSO issued at $0.050-0.055 strike. Honestly-if that does not get you excited as an investor in this Company, I am not sure what will at this stage in their development. Beyond that-there are significantly more catalysts, including Company plans for the 2021/22 drilling season, and possible partnerships or even M&A/acquisition." hxxps://stocktwits.com/BinaryLogic/message/352197294 The above posters seems very well informed and respected.
inthemix: Well that explains his reasoning behind the 1.2b mcap.... sigh.... Be careful all new investors, know what you are investing in because idiots like him often mislead folk into buying overpriced stocks.
chris0805: stevebrrrYes there is / will be a read across to 88e from any success at Talitha A for PANR.If you had claimed that read across for the appropriate IW leases that would be fine would it not? To claim the same read across for the Peregrine leases & beyond is where you err from the truth. That is where you would mislead other potential investors & what is not. If you do have large holdings in both companies, please post appropriate factual links about both, there are many others who hold / have held both companies stock. It's not a war between the two & it's possible for both to have success.
fandagle: Totally admire your honesty Moonshot, a clear and concise message to novice investors. There have been so many wukin fankers (Day release traders)on here today Ramping this it beggars belief, some poor sod is going to invest their total SIPP in this lie...
moonshot7: Will settle for 0.07 more realistic Reddit will get bored and move on to there next target, 12 months is a long time to hold Aim investors get itchy feet .......
jh4advfn: Johny, I don't know why you would be discouraged by this report. And as you're so quick to guess that I'm 'not invested here', then it might be fair to assume you're also 'guessing' that 88e will find success at a time that's perfectly right for you. On the other hand, it had appeared to me that in the context of the findings, 88e already owns the leases to some of the most promising acreage under exploration on the North Slope. It also looks as if the DNR support further expansion, including development of new roads and pipeline infrastructure. Therefore, I'd thought it might prompt some kind of positive discussion. However, it appears I have chosen the wrong place to share the source of such detailed information, regarding exploration and development of oil and gas fields in Alaska. Would you credit it? It's all very speculative, of course, but investors in these small projects need to take a longer-term view, and if they don't like the risk they should get out and stay out. These projects are all at a very early stage. Peregrine is at the beginning of a five year project, consisting of up-to seven wells, for goodness sake. If investors took a longer term view, then perhaps the company's share price would gain and retain some reasonable value over time. Raising additional exploration and development funds would then be much cheaper in terms of dilution. I mean, sheeet, the last issue went down for what, 0.43 pence? Perhaps it's because too many investors are indeed only 'mushrooms and lemmings', as I've heard it said here before. No clue about the company, its opportunities, the threats, what it owns and what it owes, and no willingness to do any reasonable amount of research, or engage in meaningful, informative discussion. Good luck
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