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This tire wont hold air. Maybe after the flow data.
Yes these dilution vampires suck literally. They have no regard for their shareholders in last 3 years float went from 12 billion to 2oish billion
Don’t let the shares outstanding scare you, this can run quickly
Got a small bag yesterday. holding for near 10 cents within a year.
Oil go boom boom soon!
Interesting point 🌝
No scam, mining takes a lot of money and have raised many times, feel exciting times ahead
Nope. Foreign scam
Hickory is in a place of extreme good. To have such a massive discovery so near to the TAP and the Richardson highway, is ridiculously amazing
I saw this too! VERY BULLISH NOW!
Fingers crossed, fire in the sky ... https://www.reddit.com/r/EEENF/comments/1b5tm4a/fyi_an_eye_in_the_sky/
I feel we are in for a great surprise
I knew dumping of shares is coming, in Schwab is showing me 25.1b, last year they have dump shares at least 4 times, I was long time bag holder, I was never able to profit from this stock.
Same dilution addiction
Another 1 billion dumped into the market. They call it 'fully paid shares' meaning we shareholders are paying for it by lowering our stake in this
worthless venture. My other ASX favorite euphemism is 'Cleansing Statement' which is supposed to mean making markets aware of an issuance but really means cleaning us out of our money.
Monthly payday for theses leeches. 21B shares outstanding and still haven't found a drop of oil.
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Management make us happy, I think we are going to be happy soon 😎🥳
Management amazing with raising money so many times with billions shares outstanding
Management get cop to buy us
A property can be worth millions billions, we have a producing property
lol, same bullshit every year, this is all to pump the price so they can dump more share, They will call it “raise of capital”
$EEENF News out
Cleansing Statement
Application for quotation of securities - 88E
Application for quotation of securities - 88E
Hickory-1 Flow Test Operations Update
hotcopper.com.au/asx/88e/
Highlights latest news
Mobilisation operations are complete and pre-flow testing operations have advanced at the fully funded Hickory-1 discovery well, with current operations involving the testing of the blow-out preventers (BOP) installed on the wellhead.
Two flow tests are scheduled, one each in the Upper SFS and SMD-B reservoirs, with each expected to take approximately ten days.
Prior to perforating the first zone, wellbore preparations are required which include removing the existing string in the well, drilling out of the plugs and cleaning out of the wellbore.
Flow testing operations are set to deliver information critical to development planning, such as reservoir deliverability, fluid compositions, pressures and connectivity. -ends-
Rig set in place and commencing of testing the BOP'S at Hickory 1 , so in about 25 days from now should be hearing some test results........and in that time oil should be over $92 /barrel............$$$$$$$$$$$$
Feel news is going to be spectacular
Maybe new property works out well
Terrible what happened here
what are you talking about?
Ohh how sad,Pump didn’t work as planned !
A property can be worth millions billions
We have a producing property
We could be headed to pennies
We have a producing property and a property can be worth millions billions
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Moderators Sir Lancelot HighYieldStocks |
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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