Articles On 88 Energy (ASX:88E)

ASX investors who took a bet on meme stocks experienced vastly differing returns but which stock they chose wasn’t the only factor determining how they went. Research by Openmarkets group covering 11 “ASX meme stocks” found that investors o...

The 88 Energy [ASX:88E] share price is up following a $24 million placement to fund drilling of Merlin-2 appraisal well. 88E’s share price is currently up 6%. The post 88 Energy Share Price Up on $24 Million Placement (ASX:88E) appeared fir...

The explorer launched the placing on Monday with an initial target to raise A$20mln

Local stocks struggled for traction in Wednesday trade, as the major indexes drifted sideways following a weak lead out of the US. Banks and energy stocks were up, offsetting falls in resources and consumer staples. There were few major cat...

Brokers Cenkos and EurozHartleys are undertaken a bookbuild for a share placing, capped at A$23.96mln without the need of shareholder approval.

The ASX 200 rose 0.41% to close at 7,535 while the ASX Emerging Companies Index gained another 1.36% to close at 2,362 points. All sectors were in the green except energy and utilities which lost 1.44% and 1.19%. The best performing sectors...

Highlights The Australian benchmark index, ASX 200, has been trading on a positive note this week after remaining volatile in the recent past. The Australian benchmark index, ASX 200, has been trading on a positive note this week after...

The 88 Energy Ltd (ASX: 88E) share price is frozen today as it prepares to release news to the market. The company’s shares are halted at their previous closing price of 3.2 cents. According to the oil and gas company’s request for the tra...

The ASX 200 finished lower for the second consecutive day, falling lower by 0.94% today as COVID-19 cases continue to rise in Australia and across the globe. Health Minister Greg Hunt however said that more than 10 million Australians have...

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 —...

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

The 2021 financial year was one of contrasts for the oil and gas industry with low crude prices making life challenging for many ASX companies earlier in the year before a strong recovery improved conditions. Oil prices traded below the US$...

88 Energy’s post-well appraisal of the Merlin-1 well at its Project Peregrine in Alaska has found oil in three reservoirs, leading to a targeted mean total prospective resource at the project of a whopping 1.6 billion barrels of oil.

"We are thrilled with the results from the Merlin-1 exploration well,” said managing director Ashley Gilbert

The 88 Energy Ltd (ASX: 88E) share price has bolted out of the gates in today’s trading session. Shares in the energy company are flying more than 32% higher after releasing an update earlier today. Let’s take a look at why investors are b...

It was an active half for corporate activity whilst operationally the focus was on the Merlin well, and the detailed analysis thereafter.

While COVID-19 continues to wreck havoc across NSW, the ASX remained in a state of zen on Wednesday, as local stocks eased to new record highs. The ASX 200 finished around 0.3% higher to close at 7,584, outpaced by the microcap Emerging Com...

While COVID-19 continues to wreck havoc across NSW, the ASX remained in a state of zen on Wednesday, as local stocks eased to new record highs. The ASX 200 finished around 0.3% higher to close at 7,584, outpaced by the microcap Emerging Com...

The ASX 200 traded sideways today, and ended the day flat, rising just 2 points to 7,540. Financials led, rising by 1.4% following announcements from Suncorp (ASX:SUN) and NAB (ASX:NAB). Gold miners were the worst performers, as gold price...

88 Energy says analysis of 3D seismic data from its Umiat oil field on the North Slope of Alaska, together with post-well testing of its nearby Merlin-1 well at Project Peregrine, has revealed potential for additional reservoir sands at Umi...

The Umiat oil project is located adjacent to Project Peregrine acreage, which analysis efforts are ongoing.

The ASX rebounded from yesterday’s losses but short of an all time high. The ASX 200 closed at 7,503 points, 0.38% up from yesterday but 6 points behind its intraday high. Meanwhile the ASX Emerging Companies Index gained 0.63% at 2,240 poi...

The 88 Energy Ltd (ASX: 88E) share price is rocketing today, up 11% to 5 cents apiece in late morning trade, having earlier posted gains of more than 20%. Below we take a look at the ASX energy share’s latest oil field update. What update...

"I am delighted to be joining the 88 Energy team at this exciting time,” Byrne said.

The ASX200 chalked up another day of gains in Thursday trade, and once again it was resources leading the way. The ASX200 Materials index posted a solid 1.51% gain, and has now risen by at least 1% on five of the last seven trading days. Pr...

Management changes and asset deals featured in the quarter but attention have been focussed sharply on the drip of analysis results from Merlin.

Management changes and asset deals featured in the quarter, but attention has been focused on the drip of analysis results from Merlin

The ASX 200 touched intraday record highs, but could not hold on and closed the day just shy of its all time high. The benchmark index finished 0.46% higher at 7,428, and is now on track to finish July on a 10-month winning streak. Six out...

On Friday, the ASX 200 finished 0.17% higher, after regaining lunchtime losses. Energy and Utilities were the main drag on the benchmark index, which closed the week 1% higher. Buy-now-pay-later (BNPL) stock Afterpay (ASX:APT) continued its...

It now owns 100% of the exploration acreage on the North Slope

Final analysis results are expected by the end of this month, and, the latest findings have again shown hydrocarbons

ASX-listed Alaska oil and gas explorer 88 Energy says it is on track to present the market with a full appraisal of results from Merlin-1 well testing at its Peregrine project early next month after being “highly encouraged” by latest preli...

The biggest news out of big caps today came out of Wesfarmers (ASX:WES), which put a $680 million takeover offer on the table for Australian Pharmaceutical Industries (ASX:API) for $1.38 a share. According to Wesfarmers, the rationale behin...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade. WINNERS Scrol...

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade. WINNERS Scrol...

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

Each week, Stockhead recaps ASX stocks that are “running hot” as deduced by the Relative Strength Index (RSI). The RSI is a technical gauge which measures how trading momentum is affecting the price action. A reading of 70 is seen as the le...

The S&P/ASX 200 Index (ASX: XJO) finished the day up 0.59% to 7,308.6 points at the closing bell. Let’s look at the biggest movers and shakers among ASX 200 shares today, based on trading volumes. The ASX 200 shares that saw the most t...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade.   WINNERS Scr...

Shares in 88 Energy Ltd (ASX: 88E) are soaring for the second day in a row despite the company not releasing any price-sensitive news to the market. At the time of writing, the 88 Energy share price is trading at 3.8 cents – 22.58% higher...

In FY21 the ASX 200 returned over 20 per cent but the 100 best performing ASX stocks all gained over 390 per cent and made an average gain of 821 per cent. Stockhead has compiled a list (see below) of the 100 best performing ASX stocks base...

Active ASX-listed Alaskan oil and gas explorer/developer 88 Energy now has a burgeoning treasury and no debt after closing the recently flagged early sale of state oil and gas tax credits worth US$18.7 million to a US company.

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade.   WINNERS Scr...

With the oil price continuing to hit multi-year highs and the S&P/ASX 200 Energy Index (ASX:XEJ) hovering in the vicinity of 8200 points, up nearly 70% from its COVID crash low of about 5000 points last March, it may be time to look at...

88 Energy has confirmed the presence of hydrocarbons in core samples from depths that showed good oil flows during drilling of the Merlin-1 well at its Peregrine project in Alaska, where it is targeting a resource of 645 million barrels of...

The Alaska explorer said it is highly encouraged by the preliminary results received to date from the Merlin-1 testing programme.

ASX gas stocks Red Sky Energy (ASX:ROG), Talon Petroleum (ASX:TPD) and State Gas (ASX:GAS) were among a horde of gas stocks releasing updates this morning – and none got the enthusiasm that greeted their peers earlier in the year. The oil a...

"This is a transaction which accelerates the realisation of value of the Alaskan Oil and Gas Tax Credits and the early repayment of outstanding debt due to be repaid by the end of 2022,” said Ashley Gilbert.

ASX-listed 88 Energy is cutting more than US$1 million of annual finance costs and adding US$2.6 million to its treasury with the early receipt of funds from a US$18.7 million sale of oil and gas tax credits in Alaska.