Articles On 88 Energy (ASX:88E)

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.

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.

88 Energy (88E) has drilled the Merlin-2 surface hole to a depth of 2,005 feet and intends to explore target regions with hydrocarbon potential The company installed and cemented surface casing as well as tested the Blow Out Preventer (BOP...

Stockbroker Cenkos sees a valuation of 13.6p for the exploration company as it drills "one of the biggest wells of 2022".

North America-focused oil producer 88 Energy has spudded its Merlin 2 well in Alaska, chasing what could be a potential company-making 652 million barrels of oil following up last year’s Merlin 1 discovery.

88 Energy (88E) begins drilling the Merlin-2 oil well within its Project Peregrine in Alaska Drilling is planned to reach a total depth of 8,000 feet and is following up the company’s initial well, Merlin-1 The company is targeting a net e...

The appraisal well will test targets estimated at some 652mln barrels of oil.

88 Energy said the prospective resource report for Project Icewine is expected in the first half of 2022.

88 Energy’s Project Icewine in Alaska has received a major boost after light oil was recovered across a brace of separate production tests at a neighbouring well about 4.5 kilometres away.

Pantheon Resources’ has recovered light oil during two separate production tests at the Talitha-A well, 4.5 kilometres north of 88 Energy’s (88E) Project Icewine 88 Energy believes targets from Pantheon extend into its Project Icewine acre...

The 88 Energy Ltd (ASX: 88E) share price has jumped significantly this week. The price movement coincides with updates on two of the oil and gas explorer’s Alaskan projects — including a rig mobilisation and an oil interception. At the t...

88 Energy Limited is poised to spud the Merlin-2 well at its wholly owned Peregrine oil project in Alaska. Merlin-2 is targeting a massive 652 million barrels of oil and success could transform the company.

88 Energy (88E) prepares to spud the Merlin-2 appraisal well within its Project Peregrine in Alaska With pre-spud operations nearing completion and the drilling rig mobilised to the appraisal well, spudding is scheduled for next week The w...

"The acquisition of Project Longhorn provides 88 Energy with immediate cash flow and direct exposure to any further strengthening in energy prices,” said chief executive Ashley Gilbert. 

Alaskan explorer 88 Energy has increased its US presence with the purchase of a 75 per cent stake of Texas oil player Big Horn Energy who is currently producing around 300 barrels of Permian Basin oil per day.

88 Energy (88E) acquires a roughly 73 per cent average net working interest in established conventional oil and gas production assets in Texas The oil and gas production assets, known collectively as Project Longhorn, are located in the Pe...

"Completion of this placement ensures 88 Energy is funded to undertake the full suite of targeted appraisal activities at the Merlin-2 well.”

88 Energy (88E) share placement raises $32 million in an “oversubscribed” bookbuild to institutional and sophisticated investors The placement comprises the issue of 914.28 million company shares at a price of 3.5 cents each, representing...

It follows news that 88 Energy got the green light for its planned Merlin-2 well, to spud next month.

“We look forward with excitement to the drilling of the highly anticipated Merlin-2 appraisal well," said managing director Ashley Gilbert.

88 Energy (88E) has entered a trading halt regarding an upcoming capital raise Prior to entering the halt, the company announced receiving a permit to drill the Merlin-2 well in Alaska A rig has been commissioned and is mobilising to the s...

Alaska-focused oil explorer 88 Energy will drill the highly anticipated Merlin 2 well in March following the completion of the access road to site and the commissioning of the contracted drilling rig.

Listed Alaska-focused oil explorer 88 Energy was rattling the tin for $20 million this morning.

88 Energy (88E) gets the green light to drill its Merlin-2 appraisal well The Bureau of Land Management approved the company’s permit to drill the Merlin-2 appraisal well, located within Project Peregrine in Alaska Commissioning of the Ar...

The S&P/ASX200 climbed into the close on Tuesday. Most of the 35 or so point gain (0.5%)  comes off the back of some good, steady central banking, delivered – nay, telegraphed – at 2.30pm when the Reserve Bank (RBA) left the cash rate a...

It was a rough month for equities, but the ASX microcaps January winners list still made for positive viewing. For context, a quick rewind to 2021 is in order (what a year). In just 12 months, there were more than 180 IPOs on the ASX (quick...

Today 88 Energy (ASX: 88E) announced the interpretation of its ‘logging while drilling’ data. The progress results to date indicate multiple potentially hydrocarbon bearing zones have been encountered whilst drilling.

In the last few weeks 88 Energy (ASX: 88E) ran up over 1,000% on speculation of a huge, gushing oil result… Today the 88E share price has taken a healthy reality check (in other words it got smashed from its highs) on what was actually quit...

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...

"The OTCQB quotation provides 88 Energy with access to the world's largest investment market,” said managing director Ashley Gilbert

88 Energy has tipped a February spud date for its Merlin-2 well after announcing it has booked a rig, is building a road and is close to approval for the 8000-foot follow-up to 2021’s Merlin-1 oil discovery.

The follow-up to the Merlin-1 well is testing prospects estimated at some 650 mln barrels.

The follow-up to the Merlin-1 well is testing prospects estimated at some 650 mln barrels

It looks like them energy names are on the rise Wednesday, largely punching above a local market weighed down by weak US leads and possibly boredom. But don’t thank our collective refusal to acknowledge a warming planet. In this case oil pr...

The ASX is down -0.3% today with the information technology sector taking the cake for the biggest dip at ~3%, followed by the healthcare sector at more than 1.5%. The ASX Emerging Companies Index (XEC) has flatlined. For the second day in...

Merlin-2 is aiming at targets estimated at some 652mln barrels, seen previously in the preceding well.

Oil explorer, 88 Energy (88E), provides operations update for its Project Peregrine in Alaska’s North Shelf The appraisal for the spud of the Merlin-2 well is reportedly on track for February of next year, with a permit to drill expected b...

88 Energy is set to tap its Merlin-2 well in Alaska after pinpointing a location with the well targeting 652 million barrels of oil. An independent evaluation has given it a better-than-even chance of success.

The explorer had its pick of three possible locations.

88 Energy (88E) selects the site for the Merlin-2 well after deciding between two other sites east of Merlin-1 at its Alaskan Peregrine Project Drilling at Merlin-2 will tap into previously successful targets encountered in Merlin-1 earlie...

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...

88 Energy looks set to tap its Merlin-2 well that it says is prospective for some 652 million barrels of oil, after inking a deal with Doyon Drilling to use the company’s rig to test the Alaskan oil well.

"We are delighted to be working with Doyon for the upcoming drilling of the Merlin-2 appraisal well in early 2022,” said managing director Ashley Gilbert.

88 Energy (88E) executes a rig contract with Doyon Drilling to drill the Merlin-2 appraisal well at Project Peregrine in Alaska The company plans to drill the well to a total depth of 8000 feet using Doyon’s specialist “Arctic Fox” rig in...