Articles On 88 Energy (ASX:88E)

Highlights 88E has successfully completed a bookbuild to raise AU$9.9 million. The company had cash reserves of AU$9.4 million, as of 31 October 2023. Focus is on delivering successful flow testing of multiple reservoirs at the Hickor...

The ASX benchmark has ended Tuesday higher 8 of 11 sectors in the green Small caps led by Plenti Group (ASX:PLT), InteliCare (ASX:ICR) The local market has trimmed some of its early gains (wussed out) after jumping out of the blocks in...

Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, to highlight the best (and sometimes worst) performing ASX stocks in morning trade using live data, to provide a short, sharp update to help frame the trading day by...

Highlights 88 Energy has executed a farm-in agreement to earn a 45% working interest in PEL 93 in Namibia The agreement will provide 88E access to a lead portfolio, including ten independent structural closures detected after multiple...

88 Energy has revealed it will earn a 45 per cent interest in 18,500 square kilometres of onshore petroleum acreage in Namibia’s Owambo Basin in a diversification from its Phoenix operation in Alaska.

88 Energy has certified an additional 250 million barrels of oil equivalent in its best estimate of gross contingent reserves within the basin floor fan reservoir at its Phoenix project in Alaska.

Highlights Maiden contingent resource estimate concluded for the BFF reservoir at Project Phoenix Independently certified contingent resource assessment has been prepared by NSAI, which confirms discovery status for the BFF reservoir...

88 Energy hopes to bolster its Phoenix project in Alaska this month by certifying a maiden contingent resource for the lower basin floor fan reservoir drilled in March.

Benchmark ASX index closes ahead +0.19% Materials lead ASX sectors on Tuesday Small caps led by ERW, NMR   Local markets have struggled to hang onto early gains after a mixed run on Wall Street overnight. The benchmark ASX200 (XJO) index...

Benchmark ASX index closes -0.6% lower, but gains for the week ASX Sectors led by Utilities which jumped +5.0% since Monday Small caps led by HOR, FTZ, SWF   The ASX200 has closed lower on Friday, ending the session -0.6% lower, but ahe...

Stockhead’s Top 10 at shortly-before-11-ish, fuelled by caffeine and rage, because it’s Friday and those are the only two things I have in sufficient quantity to produce any kind of energy today. Top 10 highlights the best (and sometimes wo...

Stockhead’s In-Case-You-Missed-It highlights today’s most interesting small cap stories that might have slipped beneath your radar. Below is a wrap of the top 20 performing stocks, by percentage, that made announcements today.   ICYMI Leade...

Namibian oil explorer Pancontinental Enegy could be on the verge of big things, says broker Namibian uranium stock Bannerman also got big price target  Pancontinental could double on Namibian offshore drill Broker Euroz Hartleys has init...

Stockhead’s Top 10 at shortly-before-11-ish, published in a slightly hurried manner this morning because one of my neighbours is being evicted and it’s starting to look a lot like there could be a spot of biffo out in the street – which mea...

ASX 200 closes about 0.3% lower, down well over 2.2% for the week. Materials and Consumer discretionary weigh, Healthcare rises. Small caps led by Oliver’s Real Foods, which has leapt mightily despite having no fresh news.   The Aussie...

Stockhead’s Top 10 at shortly-before-11-ish, published the moment it becomes apparent that you’ve waited patiently enough and everyone’s being well-behaved at the start of each trading day. It highlights the best (and sometimes worst) perfo...

Stockhead’s Top 10 at shortly-before-11-ish, published once we’ve got numb3rs confirmed for how many people to expect at morning tea, and ordered sufficient donuts each trading day. It highlights the best (and worst) performing ASX stocks i...

Stockhead’s In-Case-You-Missed-It highlights today’s most interesting small cap stories that might have slipped beneath your radar. Below is a wrap of the top 20 performing stocks, by percentage, who made announcements today.   ICYMI Leader...

  ASX 200 closes -0.25% lower after RBA holds rates at 4.10% Only Consumer Staples, Healthcare and Industrial Sectors find some green Small caps dominated by Torque Metals   Aussie home owners have been given another month of grace time f...

88 Energy will flow test four reservoir zones in its Hickory-1 oil well in Alaska’s north during the coming winter operational season. The well is part of project Phoenix, previously known as Icewine East.

88 Energy will flow test four reservoir zones in its Hickory-1 oil well in Alaska’s north during the coming winter operational season. The well is part of project Phoenix, previously known as Icewine East.

Analysts predict ASX shares are poised to open lower this morning, given the lack of direction from Wall Street due to the US Labor Day holiday. However, with the RBA’s policy decision expected today and many anticipating a pause, the Au...

Today 88 Energy (ASX: 88E | OTC: EEENF) released an announcement on additional lab results from its most recent drilling campaign. This was definitely 88E’s best ever drilling outcome to date, despite the operational issues that occurred du...

Alaskan oil explorer 88 Energy (ASX: 88E | OTC: EEENF) has cut a deal to buy back its 1.6 billion barrel Project Peregrine, and now holds 100% of it once again.

We have been following 88 Energy (ASX:88E) for many years and are delighted for them and long term holders this week with the company confirming the presence of light oil in the evaluation of their Merlin-1 well drilled earlier this year —...

News last week was that 88 Energy's (ASX:88E) drill rig has been contracted - another step in the journey towards the spudding of the Merlin-2 well. 88E’s Merlin-2 well is targeting 652 million barrels with a geological chance of success of...

ASX 200 closes about 0.5% higher after a half-decent lead in from Wall Street Material and Discretionary offset losses in Healthcare and IT  Small cap winners led by EML payments, GCX Metals   It was exciting stuff on Australian share ma...

Stockhead’s Top 10 at 10, published at ~10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest movers...

Stockhead’s Top 10 at 10, published at ~10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest movers...

Perth-based 88 Energy has bolstered its 100 per cent-owned Peregrine oil project in Alaska, adding two new reservoir intervals to its Harrier prospect, with 180.1 million barrels of oil as a best estimate.

Oil explorer 88 Energy has further diversified its portfolio by buying into new oil-producing ground in West Texas. The company plans to drill again this year, with more increases to production rates expected.

Highlights 88E's new oil & gas production assets are situated in very close proximity to the existing Project Longhorn acreage All the proposed well locations, 88E confirms, are classified as low risk (accessing Proven reserves of...

Futures suggest the ASX will climb as the new financial year takes off, bolstered by hopes that the RBA will hit pause ahead of its next rates decision tomorrow. Here are some ASX-listed companies with news out today: Larvotto Resourc...

Highlights Project Leonis acreage was awarded to the company in April this year via its subsidiary (100% owned) Captivate Energy Alaska, Inc Reprocessing of the Storms 3D data has marked an improvement in seismic resolution and data qu...

Stockhead’s Top 10 at 10, published at ~10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest movers...

Oil explorer 88 Energy has confirmed it has multiple targets to test when the Alaskan winter kicks off in October. The company plans to immediately review reems of data in a bid to expand its oil resource.

Highlights 88E is developing flow test and well stimulation program with design experts by evaluating drilling and wireline logging data 2023 drilling and wireline program at Hickory-1 established the existence of numerous hydrocarbon-...

Stockhead’s Top 10 at 10, published at ~10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest movers...

Alaskan authorities have awarded 88 Energy the entire 10,291-square-kilometre Project Leonis lease area, south of the giant Prudhoe Bay oil field and north of its existing Phoenix operation and Hickory-1 well.

Highlights A wholly owned subsidiary of 88E has formally secured the award of the entire Project Leonis lease area. The project benefits from proximity to a historical well that indicated oil shows and calculated pay in the USB zone of...

Crude oil prices remain elevated – thanks in no small part to OPEC+ deciding that they really want oil prices above the US$80 per barrel mark and slicing their daily output by 1.16 million barrels in order to make this dream come true. The...

88 Energy will proceed to flow testing after confirming multiple hydrocarbon bearing pay zones at its Alaskan Hickory-1 oil well. Net pay was 137.1m and reservoir quality and size were better than expected.

Highlights 88 Energy has completed the wireline programme on the Hickory-1 well. As per the initial petrophysical interpretation, presence of several hydrocarbon bearing pay zones has been confirmed across all pre-drill targets. The c...

88 Energy has hit the pay zone after successfully drilling at its Alaskan Hickory-1 oil well. After reaching a total depth of 3,246 metres and through all levels, the explorer discovered a new oil reservoir.

ASX 200 benchmark closes 0.5% higher, thanks to Energy surge.  XTX All Technology index has the batteries back in, up 1.26% for the day. Liontown farm-in huge news for E-I-E-I-Olympia Metals.   Local markets opened higher this morning (+0...

The Brent crude oil benchmark has climbed more than 5% to US$84.17 per barrel after everyone’s favourite cartel OPEC and its allies unleashed a surprise output cut of about 1.16 million barrels per day. It was accompanied by Russia extendin...

Stockhead’s Top 10 at 10, published at ~10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest movers...

Highlights The total depth of 10,650 feet, with drilling by Nordic Calista Rig-2, at Hickory-1 well has been successfully achieved 88 Energy says a new reservoir is identified and operations at the site (part of Project Phoenix) are pr...

88 Energy has quickly escalated its chase for a lucrative 647 million barrels of oil by tapping into the giant Alaska North Slope basin with drills intersecting three primary reservoirs at its Hickory-1 well.

Highlights 88 Energy is an oil and gas explorer and the company is listed on Australia’s ASX as well as on other exchanges Hickory-1 exploration well has shown signs of potential hydrocarbon pay, indicated by interpretation of logging-...