Articles On 88 Energy (ASX:88E)

A quick wrap of the key winners and losers on Thursday, May 7. Data is taken after the market closes at 4pm EST. Stocks highlighted in yellow made potentially market-moving announcements during the day. WINNERS Code Company Price...

XCD's board has agreed to recommend an improved offer for the takeover

Despite the ongoing market downturn brought about by the COVID-19 pandemic, there is still substantial merger and acquisition activity in the resources sector. Ramelius Resources (ASX:RMS) is on the home stretch for its acquisition of Spect...

Following 88 Energy’s (ASX: 88E) unsolicited takeover bid a few weeks ago, XCD Energy (ASX: XCD) and 88 Energy revealed this morning they have agreed to a merger to create an Alaska focused oil company. Via an unanimously recommended off-ma...

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

Want to know which stocks the fund managers have been putting their money in (and out) of? We’ve keen keeping track so you don’t have to. Trading Places is Stockhead’s recap of substantial holder movements among ASX small caps in the last f...

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

News that ConocoPhillips this week encountered hydrocarbons from the one well it has drilled at its Harpoon exploration prospect within Alaska’s prolific North Slope has been welcomed by neighbouring oil explorer XCD Energy (ASX: XCD). The...

The stockbroker describes the explorer's tilt for XCD Energy as an attractive proposition.

The takeover approach aims to create a consolidated Alaska explorer with expanded acreage on the North Slope

88 Energy (ASX: 88E) is making an unsolicited off-market, all paper takeover offer for XCD Energy (ASX: XCD) arguing it will make for a financially stronger Alaska explorer with greater exposure to global investors. Both companies have grou...

Questions have been raised about the future of oil and gas companies struggling with low prices brought about by poor demand and the lack of storage capacity. The benchmark West Texas Intermediate contract for June delivery appears set to f...

You ‘can’t give it away’ – US oil prices go negative The headlines paint a nasty picture for oil prices right now. The problem is that storage options are running out. As the world has stopped, the oil producers haven’t. They have made some...

On Monday the US oil price dropped to its lowest point in 21 years, and at least one ASX-listed company is looking at shutting its American oil fields as a result of the ongoing low prices. Eon NRG (ASX:E2E) chief financial officer Simon Ad...

Further analysis of secondary targets exceeds the pre-drill expectations, for those areas, albeit that the well was not optimally positioned to assess them

Earlier this well the company revealed disappointing results from the Charlie-1 well

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

Uncertainty continues to abound in the oil sector ahead of a planned meeting on Thursday between Saudi Arabia, Russia and other oil producing countries regarding potential production cuts. It is certainly questionable if the meeting will re...

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

The AGM is due to take place online on Thursday 9 April.

It is designed as a follow-up to BP's Malguk discovery well, and, initial data is so far “largely consistent” with the historic results

Following a brief delay the well programme will now advance, with initial results anticipated in April

After some minor delays, 88 Energy’s (ASX: 88E) drilling program is set to begin. Drilling of the production hole at the Charlie-1 appraisal well will commence imminently. The Charlie-1 appraisal well is located on the Alaska North Slope at...

Yesterday I highlighted a number of factors that could be seen as justification for investing in more speculative stocks in the current environment. Though seemingly counter-intuitive given the broader flight from equities to safe havens su...

Charlie-1 aims to intersect up to seven stacked prospects and Premier Oil is covering well costs.

A severe market downturn combined with an oil sector rout will send blue-chips tumbling and cause absolute mayhem among smaller stocks. Even big players such as Woodside Petroleum and Oil Search have already been decimated in the last month...

"The Charlie-1 well has been four years in the making for 88 Energy, beginning in 2016 when we first acquired 2D seismic over our project Icewine acreage"

"The Charlie-1 well has been four years in the making for 88 Energy, beginning in 2016 when we first acquired 2D seismic over our project Icewine acreage"

Shares in 88 Energy Ltd (ASX:88E) opened 16% higher on Tuesday morning as the company announced that it had commenced drilling the much anticipated Charlie-1 appraisal well in Alaska. The company’s share price has held up very well despite...

–The below is a company sponsored announcement– Alaskan focused oil and gas group, 88 Energy Ltd provided a further update on Monday regarding the progress of the group’s Charlie-1 appraisal well on the North Slope of Alaska. With the rig...

Following the team-up deal with Premier Oil the AIM and ASX quoted explorer is looking forward to the start of drilling, in late February.

The Nordic Calista Rig-3 has been mobilised and is now barrelling down Alaska’s Dalton Highway from Deadhorse to Mile 386 en route to its final destination at 88E’s Project Icewine.

The spudding of 88 Energy’s high impact Charlie-1 oil appraisal well in Alaska is fast approaching with ice road construction now 80% complete.

Dual listed junior oil explorer 88 Energy Limited (AIM:88E | ASX:88E) is now just weeks away from spudding its Charlie-1 appraisal well at Project Icewine on the North Slope of Alaska. The drilling event at Charlie-1, which is on track for...

A permit to drill has now been awarded, the ice road is more than 80% complete and rig mobilisation is slated to start in around ten days.

With the benchmark West Texas Intermediate (WTI) trading briefly below the $US50-per-barrel floor at the beginning of this month, questions are being raised again about whether US shale oil producers can ride out the continued uncertainty i...

Unsolicited demand for shares was amongst the catalysts for the pre-drill placing, 88 Energy revealed

88 Energy (ASX:88E) has announced it will raise $5 million for its Alaskan project, through a placement It will issue 238 million shares at a price of 21 cents per share Funds will be used to identify new opportunities at the North slope o...

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

The group said it is currently intended that any such capital raising will utilise the company's existing authorities and will not be subject to shareholder approval

Oil and gas explorer 88 Energy has gone cap in hand in front of investors on Wednesday morning as it hunts for fresh equity to strengthen its balance sheet.

Junior explorer XCD Energy (ASX: XCD) has unveiled a maiden prospective oil resource of 1.6 billion barrels (net of Government and other royalties) for its wholly-owned Project Peregrine on Alaska’s North Slope. The company emerged from a t...

Charlie-1 will intersect seven stacked prospects, four of which are considered appraisal targets.

The FTSE 250 group will pay the full costs of an appraisal well, dubbed “Charlie-1”, up to a total of US$23mln to test Malguk-1 discovery

It was another reasonably busy week in the oil and gas sector.

With the new year upon us, Alaska’s North Slope is a hub of activity with numerous explorers big and small alike gearing up for drilling programs with the hope of making another big oil discovery on the prolific North Slope. ConocoPhillips...