Articles On 88 Energy (ASX:88E)

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.

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...