Articles On 88 Energy (ASX:88E)

ASX slides to a 1.0% dip as Hump Day fails to live up to its name. Unemployment has to rise to ease inflation, according to very-employed RBA chief. Omnia Metals (ASX:OM1) leads the winners worth watching among Small Caps today.   The ASX...

88 Energy is set to get the drill bit spinning at its Hickory-1 well target on Alaska’s North Slope after the state’s Oil and Gas Conservation Commission handed the company an all-important Permit to Drill.

88 Energy (88E) raises $17.5 million through an oversubscribed share placement to support drilling and exploration work in Alaska The company will issue over 1.8 billion new shares at just under a cent a share to raise the funds — a 20.8...

Highlights 88 Energy has completed a placement to raise AU$17.5 million (before costs) at an issue price of AU$0.0095 per share. The company has secured the Permit to Drill for the Hickory-1 exploration well. 88E plans to imminently c...

King Charles III loses coveted job of lurking on Australia’s $5 notes Adani down in the dumps after binning its multi-billion dollar cake sale Spacetalk heads for the moon on news the company’s found itself a new CEO   The ASX has had yet...

Stockhead’s Top 10 at 10, published shortly after 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 bigg...

The ASX 200 rose again, up 0.53% on lower than normal volume ASX XEC also up 0.79% 10 out of 11 sectors were in the green   The ASX 200 gained 0.53% today and so did the ASX XEC, which was up 0.79%, and a total of 10 out of 11 sectors wer...

88 Energy has sealed a rig contract agreement with Nordic-Calista to use one of the company’s rigs to launch drilling operations at its Hickory-1 oil exploration well on Alaska’s North Slope by March next year.

88 Energy (88E) executes a rig contract with Nordic-Calista to drill the Hickory-1 well on the Alaskan North SlopeThe Hickory-1 well will appraise six reservoir targets and 647 million barrels of oil within the Icewine East area, which has...

Highlights 88 Energy (ASX:88E) has executed a Rig contract for Hickory-1 exploration well drilling operations 88E will be using Nordic-Calista LLC’s (Nordic) Rig-2 for the drilling operations As per the company, Hickory-1’s planning a...

Captivate Energy Alaska, a wholly owned subsidiary of ASX-listed oil and gas explorer 88 Energy could soon pick up ten leases spanning over 25,000 acres in Alaska’s North Slope after a successful tender process

88 Energy’s (88E) subsidiary Captivate Energy Alaska is awarded 10 leases on the North Slope of AlaskaThe subsidiary was declared the highest bidder for the new acreage which covers 25,600 acres and will be collectively known as “Project Le...

Stockhead’s Top 10 at 10 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 in percentage terms. The market opens at...

Highlights 88 Energy (ASX:88E) has finalised the drilling location for the planned 1H 2023 exploration well at Project Icewine East leases. The recently completed interpretation of the available 3D seismic data set, along with Icewine-...

88 Energy is locking onto a new exploitation target at its Icewine East oil project on Alaska’s North Slope after examining a batch of newly acquired seismic data. The well could be drilled next year.

88 Energy (88E) selects the location for its planned Hickory-1 exploration well in Alaska after reviewing some key 3D seismic data from its Icewine East lease areaThe company says its interpretation of key Franklin Bluff 3D seismic survey d...

The ASX200 is down 0.24% dragged down by the tech sector Eight out of eleven sectors were lower, with Tech leading the losers CBA says the unemployment rate is at its lowest in 48 years   Despite creeping up earlier in the week the ASX 20...

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...

88 Energy (88E) taps private investors for $14.9 million through a share placement to support its planned Icewine East 2023 oil exploration program in Alaska The company will issue approximately 1.65 billion shares at 0.9 cents to raise th...

Aussie markets lower Regional markets also sink ahead of US inflation data iSelect jumps 75% on takeover   Local markets were overdue some bloodletting and the Commonwealth Bank (ASX:CBA) drew the first cut in morning trade, boring invest...

ASX-listed explorer 88 Energy has announced a maiden resource estimate of 1.03 billion barrels located on the central North Slope of Alaska. 88 Energy holds a 75 per cent working interest in the project.

Capital raises are back for listed resources juniors.

The ASX is set to open lower again today Wall Street was weaker ahead of the July US CPI release Earnings season continues on the ASX Local shares are set to open lower again today. At 8am AEDT, the ASX 200 August futures is pointing down...

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...

The ASX 200 ends ever so slightly up, XEC finds 0.4% Gains in consumer discretionary, tech offset big losses for energy, resources, materials. South Korea, Kiwi’s lift rates ahead of tonight’s US CPI read Investors are facing crunch time...

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...

The ASX 200 mini streak is done, small caps crash hard Brokers at Morgan Stanley downgrade property sector  Titanium Sands pops on Sri Lankan prospects   Property, tech and healthcare stocks are leading losses up and down local markets o...

88 Energy has inked a licensing agreement with SAExploration that will see the explorer pick up a raft of 3D seismic data from a significant parcel of land at its Icewine East oil project in Alaska.

88 Energy (88E) has signed a licensing agreement with SAExploration (SAE) to utilise its Franklin Buffs 3D Seismic data for its Project Icewine East leases in Alaska In order to acquire the data, the company will pay US$1 million (A$1.44 m...

88 Energy’s hunch an adjacent oil discovery continues into its Icewine project in Alaska looks to have paid off with third-party mapping showing three target reservoirs extending into 88’s permit areas.

Third-party mapping shows Pantheon Resources’ nearby reservoir units extend onto 88 Energy’s (88E) project Icewine acreage in Alaska The results come from an evaluation completed by exploration consultants of the Shelf Margin Delta, Slope...

Local stocks hit cruise control heading into the Easter break, with steady gains across the ASX in a calm session. The microcap ASX Emerging Companies index rose by around 0.8%, slightly outperforming the big end of town. It followed a soli...

88 Energy’s move to Texas is putting some colour into the ASX-listed company’s bank account after it banked A$600,000 in March from its Project Longhorn 30.

Most ASX-listed energy shares are having a rough trot today after oil prices slumped overnight. However, 88 Energy Ltd (ASX: 88E) is one energy company that is firmly in the green. The oil and gas exploration company is currently fetching...

88 Energy (88E) reports production of in excess of 400 barrels of oil equivalent per day from its recently acquired Project Longhorn in the Permian Basin, onshore Texas The company holds an average net working interest in Longhorn of about...

88 Energy says third party mapping of the area around AIM listed Pantheon Resources discovery of light sweet crude oil in Alaska shows the geological fairways likely extend to its Project Icewine ground.

The 88 Energy Ltd (ASX: 88E) share price is on fire today, up 14.3% at the time of writing. 88 Energy shares closed yesterday at 1.4 cents and are currently trading at 1.6 cents. That gives the ASX oil and gas company a market cap north of...

88 Energy has noted its neighbour Pantheon Resources’ promising oil targets in Alaska extend into its Project Icewine acreage This interpretation comes from preliminary mapping of the shelf margin delta, Seabee lower basin floor fan and sl...

As Richard Carlson once said, “Reflection is one of the most underused yet powerful tools for success.” Investors spend a lot of time looking ahead, but in this article, we take a moment to reflect upon the last month in ASX All Ordinaries...

ASX 200 has touched a new high-water mark for 2022 Aussie Government sets aside $1.2 billion for Phase One of the national space mission Major movers today: Culpeo Minerals, Tesoro Resources, Latin Resources   The ASX 200 has touched a ne...

The share market extended its longest winning run of the year with buyers encouraged by the resumption of Russia-Ukraine peace talks and a big-spending Federal Budget. The S&P/ASX 200 climbed 50 points or 0.67 per cent to a seventh s...

The S&P/ASX 200 Index (ASX: XJO) is on form again on Wednesday. In afternoon trade, the benchmark index is up 0.75% to 7,520.5 points. Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they...

The 88 Energy Ltd (ASX: 88E) is having a tough day on the market in response to a company update. The company’s shares are currently swapping hands at 16 cents apiece, a 51.5% fall. In comparison, the S&P/ASX 200 Index (ASX: XJO) is u...

Australian shares rose for a seventh session, supported by progress in Russia-Ukraine ceasefire negotiations, positive US leads and a government cash splash. The S&P/ASX 200 rallied 61 points or 0.82 per cent by mid-session. The rall...

88 Energy (88E) decides to abandon the Merlin-2 well after reservoir quality was deemed insufficient from the wireline logging program The program was designed to assess the reservoir potential, after oil shows and elevated gas readings we...

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...

88 Energy has struck oil after reaching total depth in the Merlin-2 appraisal well and is now waiting on wireline logging results to see whether oil will actually flow to surface from the Nanushuk Formation.

88 Energy (88E) reaches total depth at its Merlin-2 appraisal well, located within its Project Peregrine on the North Slope of Alaska With drilling complete, the company is undertaking wireline logging to confirm reservoir quality and esta...

The Russia-Ukraine conflict pushed oil prices beyond the US$100/b mark this month, and while they’ve settled somewhat, prices could be set to skyrocket. Added to this, OPEC is sticking to its guns with the consortium ignoring calls to ramp...

Oil explorer 88 Energy is making steady progress as it drills towards the 8000-foot target depth of its potential 652-million-barrel Merlin-2 well in Alaska, following up on its 2021 Merlin-1 discovery.