Articles On 88 Energy (ASX:88E)

Acceptances increased to 79% in the past week, from 37% a week ago, and the company aims to secure at least 90% so that it can take the rest by compulsory purchase.

It was another active week in the small-cap oil and gas sector.

The buyer now has the backing of 59.27% of XCD's shares and said it won't improve its offer further

88 Energy (ASX: 88E) is on track to create a more powerful Alaska oil and gas player as it declares its takeover offer for XCD Energy (ASX: XCD) unconditional. The company now holds 59.27% of XCD Energy’s shares and 28.53% of the listed opt...

Oil price bulls are likely to be disappointed with UK supermajor BP cutting its long-term investment appraisal price by 27 per cent to an average of just $US55 ($80) per barrel between 2021 and 2050. The company explained early this week th...

Want to know which stocks the fund managers have been putting their money in (and out) of? We’ve been 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...

XCD holders have until June 25 to take action, and, 88 Energy has noted that XCD’s directors have recommended the offer and have now accepted in respect of their own holdings

It is acquiring Alaska peer XCD to expand its exploration footprint.

The directors of Alaska-focused XCD Energy (ASX: XCD) have recommended shareholders accept the off-market takeover bid from fellow oil and gas player 88 Energy (ASX: 88E). 88 Energy has offered 2.4 new 88 shares for every XCD share held and...

The explorer discussed an alternative drilling location for Charlie which it says was preferred prior to Premier Oil's involvement in the project.

The explorer discussed an alternative drilling location for Charlie which it says was preferred prior to Premier Oil's involvement in the project

Oil might be poised to make gains as the expiry of the West Texas Intermediate futures contract for June delivery passed without the feared drop into negative territory. The WTI spot price is currently trading at $US33.61 ($51) per barrel,...

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...

Estimates for the Alaskan exploration acreage have been improved by consultant ERC Equipoise

XCD Energy (ASX: XCD) has used a nearby discovery to its Alaskan projects to renegotiate a lower royalty payment to the original owners of its project ground as it awaits a merger with fellow Alaskan player 88 Energy (ASX: 88E). The company...

Welcome to our wrap for investors of the key coronavirus news this week.   By the numbers Australian deaths: 97 Australian cases: 6,913 Global deaths: 269,267 Global cases: 3,845,607 This isn’t over yet. COVID-19 cases are surging in Russia...

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...