88 Energy Ltd (EEENF)

[powerbattles]

THEIR LOSS IS OUR GAIN! The Umiat oil field, now with new owner's 88 Energy. Umiat is believed to be rich with oil but remains undeveloped long after its discovery by the U.S. Navy. The original Linc Energy spent about $180 million acquiring the leases. Linc Energy has said potentially recoverable reserves could reach 200 million barrels.

88 Energy announced drill start planned for second quarter 2021. That is next month right after Merlin 1 project. Therefore, this is like a guaranteed if Merlin failure we still have Umiat oil field. Can you imagine that what will do to the PPS if we found oil at Merlin and Umiat? History indicated oil found at both locations. For that reason this is the HOT STOCK to buy for today, tomorrow, in weeks, to come...Imho.

https://www.adn.com/business-economy/energy/2017/08/20/a-big-north-slope-oil-field-remains-alive-despite-bankruptcy-isolation/

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