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Tuesday, March 16, 2021 11:12:12 AM
$EEENF Fundamentals Of Due Diligence:
88 Energy operates ~200,000 net acres at Project Icewine and 195,000 net acres at Project Peregrine, both targeting oil on the world class North Slope of Alaska
Transformational Drilling Imminent in 1Q 2021
Project Icewine and Peregrine Latest Presentation
http://clients3.weblink.com.au/pdf/88E/02258013.pdf
https://88energy.com/
88E prepares for a farm out on billion barrel plus Alaskan project
https://www.australianmining.com.au/news/88e-prepares-for-a-farm-out-on-billion-barrel-plus-alaskan-project/
PROJECT PEREGRINE UPDATE: IMMINENT DRILLING ON NORTH SLOPE OF ALASKA
https://www.proactiveinvestors.co.uk/upload/SponsorFile/File/2020_12/1607596967_02320688.pdf
OPERATION UPDATE: 11 March 2021
Managing Director, Dave Wall, commented: "Drilling has now commenced at Merlin-1, with results expected within the next 4 weeks.
Project Peregrine (blue) lease position relative to ConocoPhillips Harpoon Prospect and Willow Oil Field
Merlin-1 well scheduled for the 1st week of March 2021 with drilling expected to take ~3-4 weeks.
The Merlin-1 well is targeting 645 million barrels
Harrier 2 well 417 barrels
Harrier Deep 574 barrels
Total 1.636 billion barrels in oils reserves worth over $106 billion.
Institutional buying is what propels stock prices in the long run. Once a stock becomes popular with institutions, they start building positions in it. The higher a stock goes, the more institutions feel compelled to have it in their portfolios.
9 billion owned by institutions.
https://88energy.com/capital-structure/
https://markets.ft.com/data/announce/full?dockey=1323-14895758-7IQ54NJB7ASEVD5BTEF6D3J2VR
88 Energy prepares to spud Merlin-1
88 Energy Farms Out 50% Interest in Project Peregrine in Alaska
https://www.finbrook.com/news/88-energy-farms-out-50-interest-in-project-peregrine-in-alaska
A second well in the Peregrine project. The Peregrine Project lies directly to the north of the Umiat oil accumulation that is estimated to have greater than 1.0 billion barrels of oil in place.
88 Energy completes Alaskan farm-out
https://thewest.com.au/business/public-companies/88-energy-completes-alaskan-farm-out-c-1706025
INVESTOR PRESENTATIONS:
https://88energy.com/presentations/
Operational update:
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02352252-6A1024039?access_token=83ff96335c2d45a094df02a206a39ff4
88 Energy operates ~200,000 net acres at Project Icewine and 195,000 net acres at Project Peregrine, both targeting oil on the world class North Slope of Alaska
Transformational Drilling Imminent in 1Q 2021
Project Icewine and Peregrine Latest Presentation
http://clients3.weblink.com.au/pdf/88E/02258013.pdf
https://88energy.com/
88E prepares for a farm out on billion barrel plus Alaskan project
https://www.australianmining.com.au/news/88e-prepares-for-a-farm-out-on-billion-barrel-plus-alaskan-project/
PROJECT PEREGRINE UPDATE: IMMINENT DRILLING ON NORTH SLOPE OF ALASKA
https://www.proactiveinvestors.co.uk/upload/SponsorFile/File/2020_12/1607596967_02320688.pdf
OPERATION UPDATE: 11 March 2021
Managing Director, Dave Wall, commented: "Drilling has now commenced at Merlin-1, with results expected within the next 4 weeks.
Project Peregrine (blue) lease position relative to ConocoPhillips Harpoon Prospect and Willow Oil Field
Merlin-1 well scheduled for the 1st week of March 2021 with drilling expected to take ~3-4 weeks.
The Merlin-1 well is targeting 645 million barrels
Harrier 2 well 417 barrels
Harrier Deep 574 barrels
Total 1.636 billion barrels in oils reserves worth over $106 billion.
Institutional buying is what propels stock prices in the long run. Once a stock becomes popular with institutions, they start building positions in it. The higher a stock goes, the more institutions feel compelled to have it in their portfolios.
9 billion owned by institutions.
https://88energy.com/capital-structure/
https://markets.ft.com/data/announce/full?dockey=1323-14895758-7IQ54NJB7ASEVD5BTEF6D3J2VR
88 Energy prepares to spud Merlin-1
88 Energy Farms Out 50% Interest in Project Peregrine in Alaska
https://www.finbrook.com/news/88-energy-farms-out-50-interest-in-project-peregrine-in-alaska
A second well in the Peregrine project. The Peregrine Project lies directly to the north of the Umiat oil accumulation that is estimated to have greater than 1.0 billion barrels of oil in place.
88 Energy completes Alaskan farm-out
https://thewest.com.au/business/public-companies/88-energy-completes-alaskan-farm-out-c-1706025
INVESTOR PRESENTATIONS:
https://88energy.com/presentations/
Operational update:
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02352252-6A1024039?access_token=83ff96335c2d45a094df02a206a39ff4
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