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I'll take a gamble for 50m at .0003 if they want to sell. Decent odds of being able to sell at .0030 sometime in the next 12 months. An easy $100k+ profit...
Friday was the second highest volume day in BYOC history. Along with a considerable spike in volume over the past month. Thinking there is a very good chance of another big run here before the end of the year, watching closely...
Impressive buys here this morning. Another big move north coming?
$BYOC
Oil stocks taking a hit today but you're an idiot if you sell EEENF right before a potentially major discovery that if confirmed will add billions to the market cap.
The "buyout" is only a rumor, the reality is 88 Energy has been waiting for a big discovery like this so they can expand into Oil Production. Anyone can read their strategy on the 88 Energy website.
They plan on being an oil exploration AND oil production company that pays dividends to shareholders.
$EEENF
Loading all I can here under .03 A big discovery at the Merlin-1 test site will make 88 energy a multibillion dollar company overnight. Longs can expect dividends in the future. $EEENF has millionaire maker potential imo.
i like money, i like EEENF
Agreed, imo $EEENF will be THE top trending penny runner in the weeks ahead. I hope to see new highs even before the final report on the Merlin-1 drill site results.
.028s getting slapped! Won't find me selling so cheap though!
$EEENF
Flippers about to find themselves chasing or be left behind :)
$EEENF important DD links for new eyes here:
https://88energy.com/
https://88energy.com/announcements/
https://clients3.weblink.com.au/pdf/88E/02376906.pdf
Nothing to slow us down now :)
NEWS! 100% of Peregrine Project paid for in full, no further shares to be issued! 190,634,537 less shares issued than expected!
https://clients3.weblink.com.au/pdf/88E/02395682.pdf
Good day here. Hope to see $EEENF in the .10s to launch from by the time final Merlin-1 results are posted in August.
Right now $EEENF's Merlin-1 test site is targeting an estimated 645 million barrels worth $48.4 Billion USD at oils current price of around $75 a barrel.
If positive results actually do confirm in-between 500 billion-750 billion barrels of high quality oil this would be a major discovery almost instantly adding $5billion to the market cap here as oil investors worldwide will read about the discovery. Then add another $5B-$10B if 88 Energy partners with someone to pump it themselves.
From there the sky's the limit because Merlin-1 isn't the only drill site in the 195,000 acre Peregrine Project, and the Peregrine Project isn't $EEENF's only project. You still have Icewine, Umiat, and the Yukon leases as well. 88 Energy is poised to take their business to a whole new level. In my honest opinion investors will likely be getting paid dividends here within the next couple of years.
Quote,"The company’s goal is to build a successful exploration AND PRODUCTION company that Delivers Material Benefits to its shareholders."
Awesome Merlin-1 test site update from the company!
"Final analysis and results from Merlin-1 post well testing program expected to be concluded by
end of July with announcement of full results summary targeted for early August."
$EEENF
oil back over $75 a barrel
88 Energy Ltd investors presentation packed with DD:
https://clients3.weblink.com.au/pdf/88E/02376906.pdf
Combined portfolio of 3.4 Billion BOE!
Quote: "The company’s goal is to build a successful exploration and production company that delivers material benefits to its shareholders and contributes to the development of the regions in which it works.
It aims to achieve this by targeting overlooked or emerging play types where its small team of experts can move quickly to capitalize on opportunities prior to larger industry players moving in.
The opportunities the company seeks are based on robust technical evaluation together with informed socio-political decisions and cultural sensitivity in business relationships."
https://88energy.com/about-us/strategy/
Just in the process of working our way up to new highs. The big players investing here are not in just for a quick flip. With continued volume like this it won't be long before the vast majority of the float is held by longs and pps here will soar to new highs. With a portfolio like $EEENF is holding no way the market cap stays under a $billion for much longer imo...
$EEENF
What does an oil exploration company that wants to become an oil production company need before they can transition from oil exploration to oil production?
1: A major discovery...
2: A 50/50 Partnership with ConocoPhillips will help too...
Selling before final Merlin-1 test results after getting debt free with $14m cash on hand and a 3.4 billion BOE* portfolio? Why?
BOE* definition: https://www.investopedia.com/terms/b/barrelofoilequivalent.asp
$EEENF
Gonna be a big week here. Breakout to new highs coming sooner than later imo. Lot's of buzz across social media about 88 Energy, big time investors taking positions here.
"EEENF could be THE otc stock of 2021. $0.60, $6, $10+?"
Appears poised for the next big step up the chart next week :)
$EEENF
Important $EEENF DD links:
http://clients3.weblink.com.au/pdf/88E/02376906.pdf <-----must read
https://88energy.com/ (top notch website with tons of DD to read through)
All recent press releases: https://88energy.com/announcements/
Please feel free to reply with your own DD links!
New high of day .0285 and climbing!
$EEENF
Some confident bids and ask slapping going into the weekend. New yearly highs coming sooner than later imo.
$EEENF
Movin on up :)
$EEENF
I think this is 88 Energy beginning to transition from just a oil exploration company into a oil exploration and PRODUCTION company. Instead of just "farming out" the Peregrin Project I think they are going to pump it themselves instead of letting ConocoPhillips have all the fun.
Just a theory but it adds up. They have said from the beginning that they want to be both an exploration AND a production company. They have just gotten completely debt free and up to date on their ESG reporting standards. Also they just purchased the other 50% of the Peregrin Project so now they own 100% of the project. All 195,373 acres with an estimated 1.6 billion BOE. Time will tell but it adds up...
$EEENF
I honestly don't care if this rumored "buyout" doesn't happen because the Peregrin Project discovery will be paying us dividends in the years ahead...
Quote, "The company’s goal is to build a successful exploration and production company that delivers material benefits to its shareholders."
https://88energy.com/about-us/strategy/
$EEENF 88 Energy's Strategy:
"The company’s goal is to build a successful exploration and production company that delivers material benefits to its shareholders and contributes to the development of the regions in which it works.
It aims to achieve this by targeting overlooked or emerging play types where its small team of experts can move quickly to capitalize on opportunities prior to larger industry players moving in.
The opportunities the company seeks are based on robust technical evaluation together with informed socio-political decisions and cultural sensitivity in business relationships."
https://88energy.com/about-us/strategy/
Ummmm, 88 Energy is an oil exploration company with a portfolio of 3.4 billion BOE*. Just their Peregrin Project alone encompasses 195,373 acres with an estimated 1.6 billion BOE*. This isn't just some little mom & pops business, $EEENF is playing with the big boys, ConocoPhillips is their neighbor... Did I mention $EEENF also is debt free with $14m cash on hand???
BOE* definition for you: https://www.investopedia.com/terms/b/barrelofoilequivalent.asp
Some DD you might need to catch up on: https://clients3.weblink.com.au/pdf/88E/02376906.pdf
Solid close yesterday. let's keep it going!
$EEENF
Price of oil shooting up this morning!
$EEENF
Oil is up, EEENF rebound to .03s?
All those gains just vaporized, where's the bid support?