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Schlumberger is not wasting time on a long shot, IMO...This is real...
$EEENF ... These guys are like the Illuminati of the Oil and Gas industry.
Why are they at Merlin - 2?..
“It’s ubiquitous in fossil fuel operations across the world, has more staff than Google, turns over more than Goldman Sachs, and is worth more than McDonald’s – yet you won’t have heard of it. Meet the oil world’s most secretive operator”, Schlumberger.
$EEENF Feeling fckn good about it...might be a damned good week here
Old article about Schlumberger - notice the headline
"Where there is oil and gas there is Schlumberger"
https://www.theguardian.com/environment/2015/may/18/where-there-is-oil-and-gas-there-is-schlumberger
$EEENF ... Rigging up and testing of tools for the wireline logging program being run at the Merlin-2 appraisal well program has commenced. The wireline program is designed to confirm reservoir quality and to establish if mobile hydrocarbons are present with multiple runs that will include MDT for fluid sampling and flow potential measurements, side wall cores and image logs. The program is expected to run approximately seven to ten days.
88 Energy earlier announce this week that Merlin-2 had successfully reached Total Depth of 7,334 feet with all three target reservoirs in the Merlin-2 penetrated with elevated gas readings.
Observations of cuttings samples have revealed oil shows (under both white and ultraviolet light) over all target intervals.
We look forward to updating shareholders at completion of the wireline program
$EEENF ... this op on Reddit makes a very good point... the current market cap (market value of all 88E outstanding shares) is far below the value of the oil they have. There is massive value yet to be realized. And 88E has no debt.
https://www.reddit.com/r/EEENF/comments/tdgbmw/stars_aligned_88_energy/
$EEENF ... given oil futures trends, I would say $2-$6 in ground depending upon quality is not unlikely in a quick sale:
@325m barrels: $0.04-$0.12 share price
@650m barrels: $0.08-$0.24 share price
@975m barrels: $0.12-$0.36 share price
Bottom line: imminent results could be transformational!
Then there’s umiat. Yukon. Icewine. Long range outlooks are so delicious. You just have to have the damn balls to hold and watch the next few years happen. Feel free to sell on short term spikes if you want but I would recommend buying and holding and buying again every few months treating this as a retirement plan
Just my take.
$EEENF ... So many catalysts (just a small snippit)
1. Merlin 2 results = this week
2. Project Icewine = Farm House news (anytime) as pantheloean has found more oil than expected...
3. Texas Plant plans - Anytime (exploration all year round)
4. Buy out news, who knows??!! Could be anytime too? Very rare for oil/exploration company to have zero debt with all having 100% working interest apart from project icewine (75%)
$EEENF ... Farmout could be with anyone of these companies
https://jobs.alaska.gov/energy/
Oil producers Alaska
North Slope producers
BP Alaska
Caelus Energy
ConocoPhillips Alaska
ExxonMobil
Cook Inlet producers
Apache
BlueCrest Energy
ConocoPhillips
Ezion Holdings
Other E&P companies
Pioneer Natural Resources
Shell
Statoil
Further companies:
Hilcorp
Eni
Chevron
Furie Operating Alaska, LLC
Repsol
Santos
Massive infos ...
4) 3/25 88E puts out a Tweet w/ video showing the largest oil exploration testing company in the world, Schlumberger’s equipment truck pulling up to Merlin-2 ready to “prove up a billion barrels of oil!” 88E PR, “updates will commence once Wireline testing starts,” that is now! pic.twitter.com/NhoJETEdmE
— Steve n Stocks (@StevenStocks5) March 25, 2022
Most Stock Searches...88e No 1
https://www.thelion.com/
88 Energy Limited (ASX:88E) Is About To Turn The Corner
https://finance.yahoo.com/news/88-energy-limited-asx-88e-230414601.html
$OILCF
Mehran Ehsan is CEO of junior Permian Basin producer Permex Petroleum.
— Permex Petroleum Corporation (@PermexPetroleum) March 25, 2022
He recently talked with Hart Energy’s editorial director, Len Vermillion, to offer up his thoughts on the federal land bans, high oil prices, & more.
Visit https://t.co/luu1MbDsV0 to read the article. pic.twitter.com/RoBgo6OEUF
Direct question to the devils aka shorts... are you done? Can we take over now?
No worries, reversal time soon
$OILCF ... fintel.io/ss/us/oilcf
Short Interest 10,046 shares - source: FINRA
Short Interest Ratio 0.05 Days to Cover
Off-Exchange Short Volume 75,495 shares - source: FINRA (inc. Dark Pool volume)
Off-Exchange Short Volume Ratio 65.30% - source: FINRA (inc. Dark Pool volume)
$EEENF ... they have .05 days to cover. However, FTD (fail to deliver) is such a normal (and illegal) practice they use.
With news (not progress but results), the short squeeze will monumental.
https://fintel.io/ss/us/eeenf
$EEENF ... since March 22nd, the short action as increased from 8M to 23M shares (about 33% volume ratio). Shorts are manipulating the price as of today. However, they’ll have to cover soon.
Many need to cover today, being the last Friday of the month... could be a fun afternoon...
https://www.otcshortreport.com/company/EEENF
WATCH THIS ...
these greed-pig shorts are going to try to suck every lil share for the lowest possible price they can get. At some point today, however, they will need to cover (being the last Friday of the month, they owe those shorted shares back). We also frequently get news on Sundays, so FOMO will play a factor today. These two combined ingredients will make for a great afternoon.
Shorts need shares, being the last friday of the month. Plus incoming Sunday fomo. Its a recipe for disaster for them this afternoon. WATCH.
REAL-TIME LEVEL 2 QUOTE
https://www.otcmarkets.com/stock/EEENF/overview
3.5 MILLION BID AND GROWING... TICK TOCK...
2 Scenarios why this dip is occurring:
1. Buyout imminent and big boy(s) want stock price down to make cheaper acquisition
Longhorn was bought BEFORE Ukraine War, landscape has changed
https://www.griproom.com/fun/12-signs-your-stock-is-targeted-for-buyout-theft
2. Stop loss trapping, MM's know a spike is close and want it all
https://www.incrediblecharts.com/trading/stop_loss_trap.php
Weather looks great...very cold.....Let's have some great wirelogging results....move into flow testing...still plenty of Time! https://www.weatherforyou.com/reports/index.php?pands=north+slope+county%2Calaska
Fri
Mar 25
Partly Cloudy
0°FSat
Mar 26
Mostly Sunny
1°FSun
Mar 27
Partly Cloudy
0°FMon
Mar 28
Partly Cloudy
-3°FTue
Mar 29
Partly Cloudy
-7°FWed
Mar 30
Partly Cloudy
-6°FThu
Mar 31
Mostly Sunny
-5°F-13°F-14°F-15°F-20°F-22°F-21°F-38°F
88 Energy Info Packet (OTC: EEENF ASX:88E 88E:LSE)...
$EEENF ... latest tweet ...
Rigging up and testing for the Merlin-2 wireline logging program has commenced!
— 88 Energy Ltd (@88EnergyLtd) March 25, 2022
As we announced earlier, cuttings samples revealed oil shows (under both white and ultraviolet light) over all target intervals (N18, N19, N20).https://t.co/vfTPSTlLiz
U.S., EU Reach LNG Supply Deal to Cut Dependence on Russia
Target of 15 billion cubic meters is fraction of Russia supply ... https://stocks.apple.com/AzMS1FtJXR62Un_zK8X-xCg
Canada will boost oil exports to replace Russian energy
https://www.euractiv.com/section/energy/news/canada-will-boost-oil-exports-to-replace-russian-energy/
Here is a heads up to all the worriers, just hold and stay positive, PANR our neighbouring claims and drillers recently dropped from 140p on the LSE to 107p while awaiting their test results. However this morning they have announced exceptional test results and are sitting back at 137p on the LSE. 88e expect Merlin to replicate what PANR has done so keep the faith! Here is a great link to read what could be to come for 88e!
HOLD. Shorts manipulating fears. Friday is the last one of the month. They need to cover the shares they borrowed from institutions. To do so they need to buy cheap shares. they manipulate market to induce fear and also use STOP LOSS TRAPS. Been thru this experiences for 3 years under NAK stock. MANIPULATION. Stick to your plan and let the storm pass by.
https://bit.ly/3Ngdk02
The Pantheon Report this morning should put a smile on everyone’s faces. We (88E) are literally on top of the motherload 17 miles south of our neighbor that’s doing all the work for us.
https://www.sharecast.com/news/aim-bulletin/pantheon-upbeat-on-latest-work-at-theta-west--9455678.html
US to boost supplies of liquefied natural gas to EU https://www.ft.com/content/7f106e55-6646-4018-89f7-0159d11f3196
$OILCF Canada plans to boost oil exports five per cent to ease energy supply crisis ... https://financialpost.com/commodities/energy/canada-expected-to-announce-boost-in-oil-exports-to-help-ease-energy-supply-crisis
Listen to this, it made me buy more shares today. https://www.reddit.com/r/EEENF/comments/tn0wsw/nice_video/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
Very strong support level here. I would not sell or short. Load up!
US to boost supplies of liquefied natural gas to EU https://www.ft.com/content/7f106e55-6646-4018-89f7-0159d11f3196
We are sitting on a perfect storm here just hold tight, 88e family !
LOCK UP AS HIGH AS POSSIBLE AND BUY AS HARD AS POSSIBLE ... SHORT SELLERS WILL ROT IN HELL WITH ONE_WAY TICKET
this sell-off is a combo of both: on one hand you have the shorts trying to pressure this in order to cover for cheap on the last Friday of the month (which is tomorrow) and on the other
a) penny-turners that were awaiting the report from 2-3 days ago
b) panic-stricken weak hands trying to avoid losses by selling
Fight back by holding and buying the dip!
Ma-ni-pu-la-tion. Don't fall for it. Use it. Buy the dip ... Volume has been up! first comes volume then price increase we are very close!