YesIam
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Today's trading is something different. People buying 1M to 27M in .0004. Let's cross five now.
Most of purchase from today are @.0004. I believe, it can test .0005 at any time.
Once it cross 4 then it will go up fast. I believe it will happen today. May be before the lunch time.
People are quietly buying here. Once real news released then it can go up to .01 in day. Get it before it's late. I got in this morning after seeing news with Home Depot and Lowe's
Looks like news going to come. Someone slapped 27M+
They have been saying about news since one month and nothing happen. I bought @.0004 and sold it without any update. Twitter is not news. They need to earn credibility by publishing real news.
Cross 1B+. It's going to skyrocket soon.
wow, it's not crossing .02. Crazy volume but no much price movement.
what is float here?
Wow, Not able to cross 31. It's a roadblock. Let's cross this magic number
I believe company or insiders are buying at this low level. We will know more next week on what is going on. I have not see 2B+ volume before.
This is legitimate news after seeing 8K.
People are still shorting after this big news.
Once it cross .003 then it will move fast.
You are getting in trouble if you really shorted.
Yes. News is real. Record breaking volume. This is going to skyrocket soon.
This is not news. They got more time to sell more sell today and tomorrow.
I completely agree with you. This will go up from here. Selling is done. Will close high and green tomorrow thru weekend
There is no tweet this morning means they will be issuing real news. Let's load this morning.
Thats a catch here. no proof yet other than twitting. We all are stuck if it's not real. If this is real than sky is the limit. I hold 22M+ plus here. Will not sell until 10cent if it's real.
88 Energy prepares for Merlin-1 spud on 8 March ( EEENF)
88 Energy
(88E
) told investors that rig mobilisation for the Merlin-1 exploration well on the North Slope of Alaska is ‘progressing well’ with its spud now scheduled for 8th March 2021.
The anticipated drilling of Merlin-1 forms part of the Alaskan-based explorer’s Project Peregrine which holds nearly 200,000 contiguous acres on the North Slope of Alaska.
The Company holds a 100% working interest in the Peregrine project that will reduce to a 50% interest post the completion of funding as part of a recent farm-in, whereby 88E is carried on the first US$10m (of an estimated US$12.6m total cost) for the Merlin-1 well.
Despite some minor weather-related delays at the site, Managing Director of the Alaskan-based explorer, 88 Energy, Dave Wall told investors that “pre-spud operations are now entering the final phase as Rig 111 makes it way to the drilling location for Merlin-1”.
Merlin-1 will initially be drilled to 1,500', then surface casing will be installed and the Blow Out Preventer system tested. This is expected take approximately one week to execute.
The well will then be deepened through the target horizons in the Nanushuk Formation to a maximum total depth of 6,000'. Logging while drilling and mudlogging will provide initial indications as to the prospectivity of the well here which is expected take three to five days.
Following this, a sophisticated wireline logging suite will then be run, including sidewall cores and downhole sampling which is is expected to take five to seven days, 88E noted.
If the results from the wireline logging are encouraging, then the well will be completed with casing and a flow test conducted. Meanwhile, the drilling of 88E’s second well in the program, Harrier-1, remains subject to permitting, Merlin-1 results and weather / schedule.
Harrier-1, which is to target gross mean prospective resource of 417 million barrels and will cost c. US$7m, is intended to commence immediately following completion of operations at Merlin-1 and will be subject to results from Merlin-1, schedule and permit approvals.
“Success at Merlin-1 could yield over 300 million barrels net to 88E and open up further prospectivity at Project Peregrine, in addition to unlocking the substantial proven resource at the adjacent Umiat oil field, which is 100% owned by 88 Energy,” Wall told investors.
He added, “Metrics for discovered oil were demonstrated by the late 2017 Oil Search transaction where US$3.10 per barrel was paid, in a low oil price environment, for an interest in the Pikka Field, which is 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."
Shares in 88 Energy have risen by nearly 5% since the start of 2021. 88E is now less than a week away from the spud of Merlin-1 which is set to occur 8 March 2021. 88E said successful drilling would underpin a company making development project for its shareholders, with the proven resource at the recently acquired at Umiat Oil Field “adding substantial value."
Following completion of operations at Merlin-1 and subject to the results, schedule and permit approvals, the Group intends to commence drilling at its second well, Harrier-1. Meanwhile, 88E continues to keep its eye on the further development of the Talitha-A well where several prospective horizons are interpreted to extend into 88E’s acreage.
88 Energy prepares for Merlin-1 spud on 8 March
88 Energy
(88E
) told investors that rig mobilisation for the Merlin-1 exploration well on the North Slope of Alaska is ‘progressing well’ with its spud now scheduled for 8th March 2021.
The anticipated drilling of Merlin-1 forms part of the Alaskan-based explorer’s Project Peregrine which holds nearly 200,000 contiguous acres on the North Slope of Alaska.
The Company holds a 100% working interest in the Peregrine project that will reduce to a 50% interest post the completion of funding as part of a recent farm-in, whereby 88E is carried on the first US$10m (of an estimated US$12.6m total cost) for the Merlin-1 well.
Despite some minor weather-related delays at the site, Managing Director of the Alaskan-based explorer, 88 Energy, Dave Wall told investors that “pre-spud operations are now entering the final phase as Rig 111 makes it way to the drilling location for Merlin-1”.
Merlin-1 will initially be drilled to 1,500', then surface casing will be installed and the Blow Out Preventer system tested. This is expected take approximately one week to execute.
The well will then be deepened through the target horizons in the Nanushuk Formation to a maximum total depth of 6,000'. Logging while drilling and mudlogging will provide initial indications as to the prospectivity of the well here which is expected take three to five days.
Following this, a sophisticated wireline logging suite will then be run, including sidewall cores and downhole sampling which is is expected to take five to seven days, 88E noted.
If the results from the wireline logging are encouraging, then the well will be completed with casing and a flow test conducted. Meanwhile, the drilling of 88E’s second well in the program, Harrier-1, remains subject to permitting, Merlin-1 results and weather / schedule.
Harrier-1, which is to target gross mean prospective resource of 417 million barrels and will cost c. US$7m, is intended to commence immediately following completion of operations at Merlin-1 and will be subject to results from Merlin-1, schedule and permit approvals.
“Success at Merlin-1 could yield over 300 million barrels net to 88E and open up further prospectivity at Project Peregrine, in addition to unlocking the substantial proven resource at the adjacent Umiat oil field, which is 100% owned by 88 Energy,” Wall told investors.
He added, “Metrics for discovered oil were demonstrated by the late 2017 Oil Search transaction where US$3.10 per barrel was paid, in a low oil price environment, for an interest in the Pikka Field, which is 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."
Shares in 88 Energy have risen by nearly 5% since the start of 2021. 88E is now less than a week away from the spud of Merlin-1 which is set to occur 8 March 2021. 88E said successful drilling would underpin a company making development project for its shareholders, with the proven resource at the recently acquired at Umiat Oil Field “adding substantial value."
Following completion of operations at Merlin-1 and subject to the results, schedule and permit approvals, the Group intends to commence drilling at its second well, Harrier-1. Meanwhile, 88E continues to keep its eye on the further development of the Talitha-A well where several prospective horizons are interpreted to extend into 88E’s acreage.
Why don't they place 8K and put details rather than just twitting all the time if they are serious? This will help them and us.
eeenf 100% up with 32M+ volume. We are on early stage. Please get in now to get great return.
I believe they are going to start drilling as they announced last month.
88 Energy Ltd. said Friday that it has scheduled the Merlin-1 well of its project Peregrine in the North Slope region of Alaska to be drilled in the first week of March.
88 Energy Ltd. said Tuesday that its project Peregrine in Alaska has been estimated to contain a mean prospective resource of 1.64 billion barrels in an independent report.
The Australia- and London-listed energy company said the estimate assumes all three Peregrine wells are successful.
Drilling will start in the first week of March with the Merlin-1 well.
Good to see that someone took 1.2M ask.
This will bring down to .05. Impatient traders.
Who just put ask for 1.1M? Why don't they wait?
who started to unload?
Good luck to all who is holding here.
Run is about to start at any moment.
It might test .10 today. It will cross .15 tomorrow if able to cross .10 today.
Got another 1.2M. Hold 22M for now. Will continue to buy at this level.
Why don't they put some news rather than twitting. It will help them to gain shareholder trust and price in long term.
please sell everything if you own and do not scare anyone. We all know about risk when trading on penny stocks.
Finally, I bid got filled. I hope more than 20M now.
How do they sell @.0003 when I have bid @.0004 since more than 40 minutes for 9M?
I already got 13M @.0004. I am not in rush. Will get more tomorrow they file something to OTC.
Getting crazy. My bid of 8M @.0004 since 20 minutes and not getting filled.
18 fillings are dropped. new fillings are keep coming.
Tomorrow it is going to cross more than 100% up in less than one hour. Get in at opening if you want rather than chasing later. This is going to cross 1 cent before end of this week Friday.
This has to close in 19 or up.