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They forgot to put enough fuel in the drill rig back in 2020..... Oh well maybe next season
EEENF one for 25 reverse split:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
1 FOR 25 REVERSE SPLIT TOMORROW. I remember these guys,they couldn't find oil if they tripped and fell into a Jiffy Lube.
Get this...they haven't filed ONE FINANCIAL in THREE YEARS yet the SEC lets them pull a RS.
read something about huge reversr split coming, don't know otherwise, if they reverse it could be a play
nope they don't. 28,933,811,952 shares outstanding,,and 28,878,329,235 in float,, that is Billions,, I've never seen bigger float. anyone else ??
when did they do a News release last ???
88 Energy Ltd. is an oil and gas exploration company, which engages in the exploration and development of mineral properties. It operates through Oil and Gas Exploration in Alaska, USA and Oil and Gas Production in Texas, USA. The company was founded on February 21,1996 and is headquartered in Subiaco, Australia.
https://www.tradingview.com/symbols/OTC-EEENF/technicals/
https://stockcharts.com/freecharts/gallery.html?eeenf
https://www.tradingview.com/symbols/OTC-EEENF/financials-statistics-and-ratios/total-shares-outstanding/
88 Energy (88E.ASX 88E.L EEENF POQ.F) announced that it has entered into binding terms for a farmout participation agreement with Burgundy Xploration in relation to Project Phoenix, located on the North Slope of Alaska. Under the agreement, 88 Energy's will be provided with a full carry for all costs associated with the upcoming horizontal well programme, including an extended flow test currently scheduled for H1 2026. Burgundy will fully fund up to $39 million of Project Phoenix's total gross future work programme costs in exchange for up to an additional 50% working interest, providing a clear funding avenue to advance Project Phoenix towards a final development decision via a two-phase farm-in arrangement. In phase 1, Burgundy is to fund $29 million for the 2025/26 work programme, including drilling of a horizontal well and production testing scheduled for H1 2026 in which 88E will be fully carried for a post Phase 1 farmout 35% working interest. Upon Phase 1 success, Burgundy will fund up to $10 million for an additional well or other CAPEX programme in which 88E will be carried up to $7.5 million, with an 88E post Phase 2 farmout 25% working interest. Upon completion of the participation agreement, Burgundy will assume the role of operator, allowing 88 Energy to focus on the advancement and de-risking of Project Leonis.
https://oilnews.substack.com/p/exploration-news-23-february-2025
CANADIAN OIL IS SAND OIL IT HAS TO BE SENT TO TEXAS TO BE BROKEN DOWN BY A REFINERY.TRUMP WANTS THE PIPELINE BECAUSE IT WILL MAKE MONEY FOR U S REFINERY BUSINESS. THIS REFINED OIL IS SOLD BACK TO CANADIANS BECAUSE THEY ARE NOT SET UP TO REFINE IT. IT IS NOT LIGHT SWEET CRUDE OIL. TEXAS AND PARTS OF ALASKA HAS THE LIGHT SWEET CRUDE OIL. TRUMP WANTS TO OPEN AMWAR ALASKA AND DRILL BABY DRILL. SO WHAT IS YOUR PROBLEM WITH THAT?
With the D Trump saying he does not need any Canadian Oil to bolster his roman empire maybe this one be worth a go by one of the big Oil players in the region.
At least these guys don't r/s every other month..I'll give them that
what happened to trustunits10000000? it was always the only one posting in here and has been absent since 12/15/2024 lol
this is a scam you keep dreaming i am glad i dump this years age,and you remain here hoping and dreaming. its a scam.
Wow people still here 4 yrs later? I should have sold at $.06 but here I am. Clowns here talking about to the moon? yeah ok
Yep.... no "trust" given to that sad sack..
Sad story here, for sure.... haven't checked in on it for a couple years.
you are the only one left here are you real or a bot,i think your a bot.not even a real person.
Great news and no sudden increase
Even pennies is possible with the billions shares outstanding
Shareholders sad who sold at 0.001
I say no reverse split, a producing property can be worth $600,000,000, that would put us at pennies, we have a producing property, farm out news ?????
Feeling spectacular things are going to happen
A property can be worth millions $600,000,000
We have a producing property
Don’t let the shares outstanding scare you, this can run quickly
Farm out ??????. Maybe cop buys us
wow,i haven't visited this in a few years, I see you are the last person standing with this scam of a stock and your still here wishing and hoping gooood luck.
Amazing how they managed to do so much financings
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88 Energy Limited (ASX:88; AIM 88E) has advised that pre-spud operations are now entering the final phase as Rig 111 makes it way to the drilling location for Merlin-1, and that the spud date is now scheduled for next Monday, 8 March.
The Merlin-1 well will initially be drilled to 1,500 feet, then surface casing will be installed and the Blow Out Preventer System tested.
This is expected take approximately one week to execute, after which the well will be deepened through the target horizons in the Nanushuk Formation to a maximum total depth of 6,000 feet.
The Merlin-1 well is scheduled for spud in early March 2021 and is targeting 645 million barrels of gross mean prospective resource.
Logging while drilling and mudlogging will provide initial indications as to the prospectivity of the well during this part of the operation that is expected take three to five days.
A sophisticated wireline logging suite will then be run, including sidewall cores and downhole sampling.
Wireline logging is expected to take five to seven days, and if the results are encouraging, then the well will be completed with casing and a flow test conducted.
The drilling of the second well in the program, Harrier-1, remains subject to permitting, Merlin-1 results and weather/schedule.
Commenting on progress and outlining what may lie ahead following Merlin-1, managing director Dave Wall said, “Pre-spud operations are now entering the final phase as Rig 111 makes it way to the drilling location for Merlin-1.
"Success at Merlin-1 could yield over 300 million barrels net to 88E and open up further prospectivity at Project Peregrine (see above), in addition to unlocking the substantial proven resource at the adjacent Umiat oil field, which is 100% owned by 88 Energy.
"Metrics for discovered oil were demonstrated by the late-2017 Oil Search (ASX:OSH) transaction where US$3.10 per barrel was paid in a low oil price environment for an interest in the Pikka Field, a discovery in the Nanushuk Formation.
"Success at Merlin-1 would be transformational for our shareholders and we look forward to providing further information on operations over the next 4 to 6 weeks.’’
https://88energy.com/
https://www.facebook.com/88EnergyLtd/
This section maintained by Pro-Life - DO NOT EDIT OR ADD HERE UNDER ANY CIRCUMSTANCE PER MODERATOR TOS:
NEW on YT: Project Peregrine - 88 Energy - 10.18.2021
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166410430
https://wcsecure.weblink.com.au/pdf/88E/02495881.pdf
88 Energy trades on 4 global platforms:
Australian Stock Exchange (ASX), London Stock Exchange (LSE) German Boerse (DAX) and otcMarkets:
Check ASX action: https://www2.asx.com.au/markets/company/88e
Check German Boerse action: https://www.boerse-frankfurt.de/equity/88-energy-ltd
Check LSE action: https://www.lse.co.uk/SharePrice.asp?shareprice=88E&share=88-Energy
Check otcMarkets action: https://www.otcmarkets.com/stock/EEENF/quote
Convert AUD to USD or British Pounds to USD: https://www.bankrate.com/calculators/investing/currencycalc.aspx
Lots of 88E coverage: https://www.nextoilrush.com
A Quick Guide to Knowing What You Own as an Oil Investor: https://katusaresearch.com/not-oil-created-equal-quick-guide-knowing-oil-investor/
Share Structure per the company website: https://www.88energy.com/capital-structure/
Newest Investor's Presentation released 9.1.2021:
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02417008-6A1048649?access_token=83ff96335c2d45a094df02a206a39ff4
Going debt free... the greatest 88E announcement to date - 6.21.2021!!!
Via e-Mail...
88 Energy Limited
Sale of Tax Credits and Full Repayment of Debt
https://wcsecure.weblink.com.au/pdf/88E/02386132.pdf
Page 16 from financials released on 10.8.2021 - https://clients3.weblink.com.au/pdf/88E/02405874.pdf
MUST SEE >>> DO NOT MISS <<< IMPORTANT
HUGE Twitter DD thread... 88E ROAD to success exists:
http://twitter.com/StevenStocks5/status/1432107880598102023
88E Due Diligence Collection from PokeStonksTrainer (@HarisRad88):
https://threadreaderapp.com/user/HarisRad88
Must see DD (88 slides of light sweet crude):
https://drive.google.com/file/d/101BYeTf-8hs5vtSbDRNk0jFxFjtvkl1r/view
For future reference going into 2022 and the BLM - from WOOFERHEAD:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165866733
https://www.proactiveinvestors.com/companies/news/963322/88-energy-updates-on-operations-as-it-sits-on-comfortable-cash-pile-963322.html
https://www.reddit.com/r/EEENF/comments/t1f0iu/alright_folks_lets_get_something_straight/
https://finance.yahoo.com/news/88-energy-limited-asx-88e-230414601.html
doinit Presents... Crude Oil Basics:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165612520
Brent Crude vs. West Texas Intermediate: The Differences
By
Updated Sep 30, 2020
West Texas Intermediate
In the United States, West Texas Intermediate is the preferred measure and pricing model. It is also slightly "sweeter" and "lighter" than Brent.
West Texas Intermediate (WTI) is slightly lower in price than Brent. As of November 2, 2020, WTI was trading at $38.76 per barrel, while Brent traded at $41.19.
The offshore oil rigs, despite being in the news more often, most famously with the BP oil leak of 2010, are heavily traded as barometers of domestic oil market health.
ALASKA'S OIL & GAS INDUSTRY
BACKGROUND • HISTORY • THE FUTURE • FACTS • PRODUCTION
SB21 • PRODUCERS & EXPLORERS • ALYESKA PIPELINE SERVICE COMPANY
REFINERS • LINKS • SOURCES • COMMENTS
https://www.akrdc.org/oil-and-gas
http://dnr.alaska.gov/commis/Presentations/Alaska_North_Slope_Gas_Potential_Sept_2016.pdf
https://www.reddit.com/r/EEENF/
Which Are The Seven Steps Of Oil And Natural Gas Extraction?
http://www.sheerproject.eu/which-are-the-seven-steps-of-oil-and-natural-gas-extraction/
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