88 Energy Share Price (88E)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
88 Energy Limited	LSE:88E	London	Ordinary Share	AU00000088E2	ORD NPV (DI)

	Price Change	% Change	Share Price	Shares Traded	Last Trade
	0.00	0.0%	0.775	18,097,406	08:00:27

Bid Price		Offer Price	High Price	Low Price	Open Price
0.75		0.80	0.775	0.775	0.775

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Oil & Gas Producers	0.03	-4.86			49

Last Trade Time	Trade Type	Trade Size	Trade Price	Currency
16:17:47	O	100,000	0.76	GBX

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88 Energy (88E) Latest News

88 Energy News

Date	Time	Source	Headline
15/10/2019	11:10	ALNC	88 Energy Books Rig For Alaskan Well; Progresses Deal With Premier Oil
15/10/2019	07:31	ALNCF	Alliance News Flash Headline
15/10/2019	07:00	UKREG	88 Energy Limited Charlie-1 Appraisal Well Update
13/9/2019	09:49	ALNC	88 Energy Interim Loss Widens On Icewine Impairment Charges
13/9/2019	07:00	UKREG	88 Energy Limited Interim Report
12/9/2019	14:13	ALNC	UPDATE: 88 Energy Completes Share Placing Raising GBP4 Million
12/9/2019	12:30	UKREG	88 Energy Limited Placement to Raise A$6.75 million
11/9/2019	12:02	ALNC	88 Energy Looking To Raise Over GBP5 Million For Development Work
11/9/2019	07:01	UKREG	88 Energy Limited Proposed placing to raise up to A$10 million
02/9/2019	07:00	UKREG	88 Energy Limited Corporate Presentation

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88 Energy Forums and Chat

Date	Time	Title	Posts
18/10/2019	01:14	88 Energy - Ultra High Impact Drilling Q1 2020	30
17/10/2019	21:15	88E BIGGEST CON ON AIM. BE VERY CAREFUL OF CON	4
17/10/2019	13:03	88 Energy - Project Icewine - Billion barrel oil prize	15,686
15/10/2019	07:51	88E - Oil Heading for $9 - $10 per Barrel According to BNP Paribas	46
26/9/2019	12:55	88E Remember Tangier BEWARE	9

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88 Energy (88E) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
2019-10-17 15:17:49	0.76	100,000	760.00	O
2019-10-17 15:15:57	0.76	130,003	988.02	O
2019-10-17 15:10:32	0.77	195,000	1,495.65	O
2019-10-17 14:23:55	0.76	50,000	380.00	O
2019-10-17 14:17:52	0.77	100,000	768.80	O

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88 Energy (88E) Top Chat Posts

Date	Subject
17/10/2019 09:20	88 Energy Daily Update: 88 Energy Limited is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker 88E. The last closing price for 88 Energy was 0.78p. 88 Energy Limited has a 4 week average price of 0.58p and a 12 week average price of 0.58p. The 1 year high share price is 1.43p while the 1 year low share price is currently 0.58p. There are currently 6,331,540,324 shares in issue and the average daily traded volume is 24,639,287 shares. The market capitalisation of 88 Energy Limited is £49,069,437.51. Read Full Thread Reply
18/10/2019 01:14	pro_s2009: 14M volume so far on the ASX https://www.asx.com.au/asx/share-price-research/company/88E That overhang should be cleared soon....... Read Full Thread Follow Reply
16/10/2019 12:59	pro_s2009: Market cap is key..........nobody cares about shares in issue, its the market cap that counts. Take ECO.......currently discovered just 36MMBO net to them, market cap 200 million. 88E are drilling for net 480 MMBO and current market cap us under 50 million. If this comes in, the current share price would zoom past 1000% upwards with little effort........which makes this one of the very best stocks to hold for the new year in my view. Massive massive upside.....in an area which the USGS believes there is masses of undiscovered oil and gas. Read Full Thread Follow Reply
29/8/2019 06:57	jammytass: DW has fleeced many thousands from this for no return for investors. The globe £ club mugs are so silent now they have been warned many times. Watch share price fall to 0.25 then Watch !! HAS? hero dw already set this up for a sale with his insiders friends for no return for shareholders? Read Full Thread Follow Reply
18/3/2019 15:10	1i1i1i: Ludicrous share price, I'm in for more at this mad level. Read Full Thread Follow Reply
13/9/2018 10:08	xow98: Resolution 1 Approval of Performance rights plan for Directors, Executives and Employees - Performance right converts to share at nil consideration subject to meeting performance criteria. Resolution 2 Approval of Performance rights plan for Dave Wall - up to 32m performance rights to be issued at nil consideration, converting to nil consideration shares vesting over 5 years based on vesting conditions, 60% on Share price growth, 20% on proven plus probable reserves growth, 10% Contingent resource growth, 5% Production, 5% Tenure. Read Full Thread Follow Reply
10/7/2017 17:44	jenny tulwought: Latest Proactive Investors 88 Energy shares drop, but the sky has yet to fall for the Alaska explorer Share 14:53 10 Jul 2017 Investors will have six weeks of uncertainty before they'll know whether Monday's share price drop was an overreaction. [ 88 Energy is shutting the Icewine-2 well for six weeks Looking at the near 40% drop in 88 Energy Ltd (LON:88E) share price on Monday, July 10, one might be forgiven for thinking that the sky had fallen for the Alaska-focused shale explorer. The share price fall to 1.7p, from 2.75p, presents a palpable panic among investors as the company confirmed it would delay the programme in the Icewine-2 well for a period of six weeks - to hopefully allow pressure to build and to advance to the well to its planned production testing programme. It is a course of action that the AIM-quoted company had previously hinted may be necessary, but that warning was seemingly not enough to stop the shock to the 88 Energy share price. Investors will now have to wait and see what comes of the Icewine-2 well. Brendan Long, analyst at WH Ireland, in a note, said the “tough question” the company needs to answer is whether the problem at Icewine-2 is the result of well-specific issues - related to the well’s completion and the maiden fracking in the HRZ shale - or whether it raises a wider concern for the shale resource as a whole. The pre-frack assumption was wrong Prior to the fracking programme in the Icewine-2 well, 88 Energy had thought it was addressing two separate shale reservoir zones, however, a slow rate of frack fluid recovery led the company to believe that the two zones were in fact connected. Since then, the company has continued the process of recovering fracking fluid. By Monday, only 16% of the fracking fluid had been recovered, and no hydrocarbons were measured. According to Long, the initial findings bode badly for 88 Energy. In a note the analyst said: “the low return of frack fluid is inconsistent with a highly productive well and the lack of oil or gas is surprising.” Is it just part of a steep learning curve? It remains to be seen whether the delay is a red-flag against the project, or whether in the passage of time it will be chalked up as part of the learning process in what remains an unchartered shale play. One thing speculative investors can bank on, however, is the fact that they won’t be making a quick buck on this project. The project, if it eventually proves successful, remains in its infancy, and plainly the company has much to learn as it tries to unlock an estimated 1bn-plus barrel prize. In recent weeks the AIM-stock has benefitted from ‘trigger chasing’ speculative buys. The price rose to as high as 4p, on June 21, from around 2.5p previously at the start of this year. That the price has took such a big hit on Monday, without a decisive result, shows that the stock is now swimming against a somewhat fickle and transient tide. A new potential timeline will, meanwhile, see the well re-opened presumably at the end of August and therefore the results are likely to known shortly thereafter – in sync with the typical post-summer step-up of activity across the market. It means it is likely to be a significant and pivotal autumn for 88 Energy as well as the investors that keep faith and stick with company over the coming weeks. Icewine-2: the story so far. 88 Energy announced the start of a new well programme in April. The Icewine-2 appraisal well was designed to confirm the geological findings of the first well, which had confirmed the presence of hydrocarbon bearing HRZ shale. Success with the Icewine-1 well provided the basis of some big and potentially valuable resources. That first well had laid out a whole new US shale play and, buoyed by the success, 88 Energy moved quickly to significantly expand its footprint in the surrounding area. With Icewine-2, the idea was to take the important next steps of fracking and flow testing the HRZ shale. The intention is to prove that the potentially vast oil resource could be accessed and extracted, at commercially viable rates. It is a litmus test for the HRZ’s future. Icewine started well By mid-May, everything appeared to be going to plan. The company reported to the market that it had completed the drilling phase. The vertical well was drilled on schedule and without incident, the company said. In early June, the company informed investors that it had gained enough insights in to the stress profile and pore pressure of the HRZ shale that it could proceed to the fracking phase. At that time, it added that the fracking would test whether complex artificial fracture systems can be created within the HRZ via the proposed stimulation. A June 19 update informed investors that the first of two planned stages of fracking in the Icewine-2 appraisal well had been completed successfully – with 100% of the intended fluid volume injected into the zone. The next day, it was confirmed that the second stage was complete after more than 90% of the intended frack fluid injected into the other zone. Something wasn’t right By the time that 8% of all the fracking fluid had been recovered, the company came to the conclusion that the two zones were ‘in communication’. It was, therefore, decided that the plug between the two zones ought to be drilled out. After that, flow-back operations continued. On June 26, at which point some 16% of fluid had been recovered, 88 Energy managing director Dave Wall said: “Given that we are breaking new ground in relation to the HRZ formation, we need to establish the conditions under which the hydrocarbon cut will return and then increase. “The stimulation was executed precisely as per plan with over one million lbs of proppant placed into the formation. A little patience is now required as we give the rocks time to show us what they can deliver.” Time out now planned At the time of the Monday July 10 announcement, some 16% of the fracking fluid had been recovered. “After analysing the performance of the well to date, and comparing to results from other plays, a decision has been made to shut the well in for six weeks to allow for pressure build up and imbibition to occur,” the company told investors. “Imbibition (or soaking) has proven to be effective in other plays by allowing frack fluid to be absorbed, displacing in-situ water that may be blocking hydrocarbon molecules from being able to flow through the reservoir.” Following the shut-in period, the well may then be swabbed (a process of mechanically lifting oil), it added. “Further analyses are required to determine the impact, if any, of the performance of the Icewine-2 well on the probability of success for the HRZ play at the Franklin Bluffs location and over the wider acreage position,” the company said. The Icewine-2 well will be in ‘time out’ for a period of six weeks. A conventional plan ‘B’ Would all be lost for 88 Energy if the HRZ shale doesn’t produce? No, not quite. It is true that the Icewine wells are responsible for a very significant proportion of the stock’s £130mln market valuation, and, shale has been the group’s stated priority. But, the explorer has also identified a meaningful conventional portfolio of prospects. In late 2016, it told investors that a range of preliminary leads have now been identified as part of its conventional oil exploration programme. It said that the forward work programme will mature prospects and leads, and high-grade the best ones into candidates for future drilling. Later, in January, the company completed its assessment of Project Icewine’s conventional oil potential. It saw almost 1.5bn barrels of resources across its inventory on Alaska’s North Slope. The resource assessment was based on 2D seismic data. A total of fifteen exploration leads were identified through the process. It means there’ll be some alternative options left on the drawing board, should the eventual Icewine-2 results lead to the kind of worst-case scenario to trigger a strategy re-think. Read Full Thread Follow Reply
16/2/2017 07:07	1i1i1i: 88 Energy Limited ASX Lodgement of Annual ReportSource: UK Regulatory (RNS & others)TIDM88ERNS Number : 0255X88 Energy Limited16 February 201716 February 201788 ENERGY LIMITEDASX LODGEMENT OF ANNUAL REPORT88 Energy Limited (ASX:88E; AIM:88E)("88 Energy" or "Company") advises that a copy of the Company's Annual Report for the year ended 31 December 2016 has been lodged on the ASX and is also available on the Company's website at www.88energy.com. The Annual Report was sent to shareholders today.Set out below is the Chairman's Statement as included in the Company's Annual Report.Also set out below is a summary of the Company's audited financial information for the year ended 31 December 2016 as extracted from the Annual Report, being:Consolidated Statement of Comprehensive Income;Consolidated Statement of Financial Position;Consolidated Statement of Changes in Equity; andConsolidated Statement of Cash Flows.CHAIRMAN'S STATEMENTDear ShareholdersIt is a pleasure to present my Chairman's Report for the 2016 financial year.2016 marks only the second year in which your Company has traded under the 88 Energy ("88E") banner. I am pleased to report some significant milestones have been achieved as 88E progresses along the pathway leading to appraisal of Project Icewine on Alaska's North Slope. These milestones are detailed in the Operations Report.Measuring success for a junior explorer is a complex process. Year on Year the market capitalisation of 88E has grown from around $25 million to $188 million and the Company has been cited as the best performing oil and gas stock based on share price appreciation on the ASX during this period.As we move into the appraisal drilling phase we do so with a strong balance sheet and high level of project equity providing excellent leverage to our shareholders in the success case. This begs the question "what are the hallmarks of a successful junior explorer?" With over 3 decades in the industry I am well placed to address this question.Geologists love to base their exploration models on successful analogues just as we have done in drawing comparisons to the Eagle Ford and the Haynesville shales Texas, USA. This makes good sense, however we can look beyond the geological modelling and seek to identify what constitutes a successful analogue at the entity level. I have always considered Hardman Resources (HDR) as the flagship analogue when measuring success in the junior oil space.Some of you will be familiar with its history: this tiny oil explorer went from a market capitalisation of $10 million dollars around the turn of the century to $1.5 billion dollars in 2006 with accompanying share price appreciation from 4 cents to $2.36. Interestingly, the oil price at the time of its maiden offshore discovery was a mere US$28.80 per barrel.Leaving aside the fundamental geology, the key attributes of this historical success story included; leadership with both vision and drive, first mover advantage, attractive regime, meaningful prospect volumes, high project equity over oil prone play type, operatorship, dual ASX and AIM listing, strong financial credentials and farm out capability.It is my conviction that 88E has many, if not all of these same attributes; in particular the strong leadership capabilities that have been exhibited to date by our Managing Director, David Wall. We are clearly the first mover over this unconventional play type on Alaska's North Slope; our potential has been independently evaluated in excess of a billion barrels; we control the play; enjoy high project equity and acreage along with operatorship; and our balance sheet is strong.The science behind Project Icewine was originated by Paul Basinski, a geoscientist with an enviable track record in unconventional oil exploration. 88E is backing his proposition that Alaska hosts vast undiscovered potential in an unconventional play targeting the HRZ shale which shares a common source rock with the Giant Prudhoe Bay oil field, the largest conventional field ever discovered in North America. The Project is located in a prolific oil producing region where 88E has assembled a land bank that would befit an oil major, many of whom are already engaged in successful conventional oil exploration in Alaska, as recent discoveries in the region attest.Alaska is a supportive regime that encourages exploration, offering rebates up to 85 percent for every dollar spent prior to 2016; an incentive that was not only attractive to 88 Energy but one backed by Bank of America (BOA). This has enabled 88E to maintain leverage without the larger equity dilution normally associated with funding a program of this magnitude. Our strong acreage position is further enhanced due to the proximity of the all-weather Dalton Highway and the ability to connect into the trans-Alaska pipeline that can handle up to 2.1 million barrels per day and has considerable spare capacity.The funding and execution of Project Icewine is being overseen by our Managing Director, David Wall, with the assistance of a small dedicated team including our Exploration Manager Elizabeth Pattillo, our Alaskan based Operations Manager, Erik Opstad and the full support of my fellow Directors. To date, the results speak for themselves and back up the early prognosis that formed the basis of our original investment decision. I would also like to welcome our new Chief Financial Officer, Ashley Gilbert, to the team, a Chartered Accountant with more than 20 years' experience in commerce and significant experience in the oil and gas sector.The process of evaluation is ongoing and not without considerable risk; however, we look to the future with measured optimism as we unlock both the conventional and unconventional potential of our Alaskan exploration acreage. One only needs to compare this program with better known shale plays in Texas, like the Eagle Ford and Haynesville, to gain an appreciation of the impact that successful exploration can have on 88E as oil prices recover.Before closing I would like to thank the Department of Natural Resources, the Alaska Oil and Gas Conservation Commission; the North Slope Borough and other regulatory agencies that have facilitated our exploration effort in the State.My fellow Directors and I acknowledge David and his staff for their sterling efforts in managing 88E's exciting Alaskan program on a tight budget and timeframe. Their efforts have resulted in 88E turning in the best performance of a junior oil explorer on the ASX in 2016. Indeed, there is little more 88E could have done in the lead up to the appraisal program than what has already been achieved. We should recognise this point as we move forward to the drilling of Icewine #2.In turn, this progress would not be possible without your support as shareholders in what has been a challenging environment. Our dual listing on both ASX and AIM has garnered a wide investor base and we have been ably supported by our brokers and advisers including Hartleys, Cenkos and Patersons.We look forward to a successful 2017 appraisal program at Project Icewine.Yours faithfully,Michael EvansNon-Executive ChairmanCONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER CONSOLIDATED INCOME Note 2016 2015 $ $ Revenue from continuing operations Other income 3(a) 158,627 108,852 Administrative expenses 3(b) (2,278,431) (2,921,653) Occupancy expenses (169,301) (164,629) Employee benefit expenses 3(c) (1,295,150) (491,828) Share-based payment expense 18 (100,000) (1,723,534) Depreciation and amortisation expense (8,232) (15,038) Finance cost (1,702,878) (689,503) Other expenses (4,790,093) (407,379) Foreign exchange gains / (losses) 784,194 - ----------- Loss before income tax (9,401,264) (6,304,712) Income tax expense 4 - - -------------- ----------- Loss after income tax for the year (9,401,264) (6,304,712) -------------- ----------- Other comprehensive income for the year Items that may be reclassified to profit or loss Exchange differences on translation of foreign operations 440,218 383,900 -------------- ----------- Other comprehensive income / (loss) for the year, net of tax 440,218 383,900 -------------- ----------- Total comprehensive loss for the year attributable to members of 88 Energy Limited (8,961,046) (5,920,812) -------------- ----------- Loss per share for the year attributable to the members of 88 Energy Limited: Basic and diluted loss per share 5 (0.003) (0.002) The Consolidated Statement of Profit or Loss and Other Comprehensive Income should beread in conjunction with the notes to the financial statements.CONSOLIDATED STATEMENT OF FINANCIAL POSITION Note 2016 2015 $ $ ASSETS Current Assets Cash and cash equivalents 6 27,303,178 9,604,249 Trade and other receivables 7 312,644 463,601 -------------------- ------------ Total Current Assets 27,615,822 10,067,850 -------------------- ------------ Non-Current Assets Plant and equipment 8 6,131 10,960 Exploration and evaluation expenditure 9 38,227,059 25,403,611 Other assets 10 11,158,742 994,687 ------------ Total Non-Current Assets 49,391,932 26,409,258 ------------ TOTAL ASSETS 77,007,754 36,477,108 -------------------- ------------ LIABILITIES Current Liabilities Trade and other payables 11 6,127,943 4,003,386 Provisions 12 90,085 55,388 Total Current Liabilities 6,218,028 4,058,774 ------------ Non-Current Liabilities Borrowings 13 22,779,313 10,930,281 Total Non-Current Liabilities 22,779,313 10,930,281 -------------------- ------------ TOTAL LIABILITIES 28,997,341 14,989,055 -------------------- ------------ NET ASSETS 48,010,413 21,488,053 -------------------- ------------ EQUITY Contributed equity 14 125,157,965 90,654,560 Reserves 15 16,268,985 14,848,766 Accumulated losses (93,416,537) (84,015,273) ------------ TOTAL EQUITY 48,010,413 21,488,053 -------------------- ------------ The Consolidated Statement of Financial Position should beread in conjunction with the notes to the financial statements.CONSOLIDATED STATEMENT OF CHNAGES IN EQUITY Shares Reserved Issued for Share Accumulated Capital Plan Reserves Losses Total Equity $ $ $ $ $ ------------- ------------ ----------- ------------- -------------- At 1 January 2016 90,654,560 - 14,848,766 (84,015,273) 21,488,053 ------------- ------------ ----------- ------------- -------------- Loss for the year - - - (9,401,264) (9,401,264) Other comprehensive income - - 440,218 - 440,218 ------------- ------------ ----------- ------------- -------------- Total comprehensive income/(loss) for the year after tax - - 440,218 (9,401,264) (8,961,046) Transactions with owners in their capacity as owners: Issue of share capital 37,496,660 - - - 37,496,660 Shares cancelled - - - - - Share-based payments - - 980,001 - 980,001 Share issue costs (2,993,255) - - - (2,993,255) ------------- ------------ ----------- ------------- -------------- Balance at 31 December 2016 125,157,965 - 16,268,985 (93,416,537) 48,010,413 ------------- ------------ ----------- ------------- -------------- At 1 January 2015 67,985,300 (1,667,500) 12,741,333 (77,710,561) 1,348,572 ------------- ------------ ----------- ------------- -------------- Loss for the year - - - (6,304,712) (6,304,712) Other comprehensive income - - 383,900 - 383,900 ------------- ------------ ----------- ------------- -------------- Total comprehensive income/(loss) for the year after tax - - 383,900 (6,304,712) (5,920,812) Transactions with owners in their capacity as owners: Issue of share capital 24,538,797 - - - 24,538,797 Shares cancelled - 1,667,500 - - 1,667,500 Share-based payments - - 1,723,534 - 1,723,534 Share issue costs (1,869,537) - - - (1,869,537) ------------- ------------ ----------- ------------- -------------- Balance at 31 December 2015 90,654,560 - 14,848,766 (84,015,273) 21,488,053 ------------- ------------ ----------- ------------- -------------- The Consolidated Statement of Changes in Equity should beread in conjunction with the notes to the financial statementsCONSOLIDATED STATEMENT OF CASH FLOWS Note 2016 2015 $ $ Cash flows from operating activities Payment to suppliers and employees (3,676,801) (4,082,521) Interest received 54,248 24,995 Finance costs (4,867) (599,501) Other income 129,812 - Net cash flows used in operating activities 6(b) (3,497,608) (4,657,027) ------------ ------------ Cash flows from investing activities Payments for exploration and evaluation activities (25,588,985) (21,941,810) Payment for plant and equipment (3,404) (2,408) Net cash flows used in investing activities (25,592,389) (21,944,218) ------------ ------------ Cash flows from financing activities Proceeds from drawdown of facility 10,621,424 10,930,280 Proceeds from issue of shares 37,367,107 26,339,541 Share issue costs (1,983,702) (1,869,537) Net cash flows from financing activities 46,004,829 35,400,284 ------------ ------------ Net increase/(decrease) in cash and cash equivalents 16,914,832 8,799,039 Cash and cash equivalents at the beginning of the year 9,604,249 805,210 Effect of exchange rate fluctuations on cash held 784,097 - ------------ ------------ Cash and cash equivalents at end of year 6(a) 27,303,178 9,604,249 ------------ ------------ The Consolidated Statement of Cash Flows should beread in conjunction with the notes to the financial statementsDavid WallManaging DirectorCOMPETENT PERSONS STATEMENTPursuant to the requirements of the ASX Listing Rules Chapter 5 the technical information and resource reporting contained in this Annual Report was prepared by, or under the supervision of, Mr Brent Villemarette, who is a Non-Executive Director of the Company. It has been produced for the Company, and at its request, for adoption by the Directors. Mr Villemarette has more than 30 years experience in the petroleum industry and is a qualified Reservoir Engineer 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. He has consented to the inclusion of the petroleum prospective resource estimates prepared by DeGolyer & MacNaughton (as of 31 December 2015) and supporting information being included in this announcement in the form and context in which they are presented. His academic qualifications and industry memberships appear on the Company's website and both comply with the criteria for "Competence" under clauses 18-21 of the Valmin Code 2005. Terminology and standards adopted by the Society of Petroleum Engineers "Petroleum Resources Management System" have beenapplied in producing this document.Media and Investor Relations:88 Energy Ltd Dave Wall, Managing Director Tel: +61 8 9485 0990 Email: admin@88energy.com Finlay Thomson, Investor Relations Tel: +44 7976 248471 Hartleys LtdDale Bryan Tel: + 61 8 9268 2829Cenkos SecuritiesNeil McDonald/Derrick Lee Tel: +44 131 220 6939This information is provided by RNSThe company news service from the London Stock ExchangeENDFR MMGMZVVLGNZG(END) Dow Jones NewswiresFebruary 16, 2017 02:00 ET (07:00 GMT) Read Full Thread Follow Reply
12/4/2016 13:39	loglorry1: @newvest1 you are totally naive if you think Basinski has no economic interest in an increased 88E share price. I've not researched it in full as I've not had time and it may not be public info but you can be sure he has. Read Full Thread Follow Reply
06/3/2016 21:01	theclangers: Not much surprises me anymore with shares, commodities, ETC, It's unlikely but not inconceivable the PoO could get back to $100 within the next 18 months, (88E is highly geared to PoO) You might think the Saudis/opec are mad to turn/leave the oil taps fully on & recieve such a low price for their precious oil. (But have they got a cunning plan) When they are done trashing the price to put the shale producers out of business, What then if they cut back production, (they have been ruthless before) the price would go sky high, the shale producers would need quite some time before they could get back into full production (once bittern twice shy) and would be in constant fear the the price could be trashed again. A year or two of $80/$100 PoO would have a dramatic effect on 88E share price, if that played out £1 a share would not be beyond the realms of reality. unlikely but possible, Leicester were 5000 to 1 to win the premiership, what odds on oil getting to $100 in 18 months, I would say 3 to 1 Read Full Thread Follow Reply
05/3/2016 14:39	philmar089: i know this is old but still good info 15-06-15 Oil Explorer Accelerates Alaskan Play as Repsol Reports Discovery Nearby 88 Energy (AIM:88E; ASX:88E) is surfing a tsunami of news right now. Most importantly, a few miles down the road, $23BN USD oil major Repsol has just struck oil… … A 750 million barrel discovery, by our rough estimates (read on for the full calculation). Repsol paid $768M USD for their land a few years ago. But earlier this year our company 88E snapped up nearby acreage at a fraction of the price, at the bottom of the cycle. Repsol’s discoveries are just 50 miles from 88E’s acreage Given the proximity to 88E and reservoir quality encountered by Repsol, it’s highly encouraging that these discoveries could be within a resources fairway that extends into 88E’s acreage. The 88E share price has been up around 90% since this news started to spread… The past performance of this product is not and should not be taken as an indication of future performance. Caution should be exercised in assessing past performance. This product, like all other financial products, is subject to market forces and unpredictable events that may adversely affect future performance. 88E’s even closer neighbour is announcing results any day now That closer neighbour is “Great Bear Petroleum”, who has drilled one of two planned wells and we are expecting results could drop at any minute. What might positive news from a direct neighbour do to the 88E share price? All this comes as 88E surges toward its maiden drilling event at Project Icewine – where it’s targeting 8 billion barrels of in place oil (gross mean unrisked) potential on their unconventional prospects. Read Full Thread Follow Reply

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