Articles On 88 Energy (ASX:88E)

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.

88 Energy Limited (ASX:88E, AIM: 88E, OTC:EEENF) has entered into an agreement that will facilitate the sale of all the Alaskan Oil and Gas Tax Credits currently held by Accumulate Energy Alaska, Inc, a 100% owned subsidiary of 88 Energy. T...

Uranium optimism is growing with governments around the world including nuclear energy in their plans to slash carbon emissions and the US saying outright that achieving its climate goals would not be possible without nuclear plants. Nuclea...

88 Energy has moved to 100 per cent ownership of the Peregrine oil project in Alaska, USA, by acquiring the half share of its partner, Alaska Peregrine Development Company. The pair have been targeting resources of more than one billion bar...

The parties agreed that the greatest value would be obtained via 88 Energy acquiring APDC's interest in the project

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.

The 88 Energy Ltd (ASX: 88E) share price is falling hard in morning trade, down 9%. Below we take a look at the ASX energy share’s latest acquisition announcement. What acquisition announcement did 88 Energy make? 88 Energy’s share price i...

88 Energy Limited (ASX:88E; AIM:88E; OTC:EEENF) has entered into an agreement with Alaska Peregrine Development Company, LLC (APDC) that will facilitate continuation of the exploration program at Project Peregrine next winter. Project Pereg...

Crude oil prices have strengthened this week with the benchmark Brent oil now tracking above US$70 per barrel after OPEC and its associates expressed optimism about demand for the fossil fuel. Commonwealth Bank quoted Saudi Arabia energy mi...

–The below is a company-sponsored announcement– At the start of 2021, the first six ASX-listed companies began improving their Environmental, Social and Governance (ESG) credentials and reporting their progress against the World Economic...

At the start of 2021, the first six ASX-listed companies began improving their Environmental, Social and Governance (ESG) credentials and reporting their progress against the World Economic Forum’s 21 universal ESG metrics, using “ESG on-ra...

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

"The presence of oil is highly encouraging particularly given that the two most prospective horizons were not able to be sampled due to operational issues," the company said.

"The presence of oil is highly encouraging particularly given that the two most prospective horizons were not able to be sampled due to operational issues," the company said

ASX-listed 88 Energy has returned evidence of oil from down hole sampling of the Merlin-1 well at its Peregrine project in Alaska. Observations of fluorescence on side-wall cores under UV light have also identified multiple horizons showing...

88 Energy (ASX:88E | OTC: EEENF) has today updated the market with regard to operations on the North Slope of Alaska. 88E has alerted the market to: Encouraging evidence of oil in downhole samples being investigated in laboratory. Addition...

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...

The management changes come as the company continues exploration efforts in Alaska.

The capital raisings boom on the ASX is continuing in 2021 with nearly $10 billion raised in the first four months of the year. Across 325 deals, ASX companies have raised $9.878 billion in capital amidst IPOs, placements and rights issues....

Energy is an essential piece of modern life and while energy demand fell in 2020 due to the impact of the COVID-19 pandemic, emerging markets and developing economies are expected to drive a 4.6 per cent increase in demand. In its Global En...

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...

"The oil shows and other encouragement seen in the Merlin-1 well bodes well for the potential at Project Peregrine," said Dave Wall.

"The oil shows and other encouragement seen in the Merlin-1 well bodes well for the potential at Project Peregrine," said Dave Wall.

After a horror 2020, the ASX oil and gas sector has bounced back with nearly a dozen microcaps more then doubling. Many industries reliant on oil and gas, such as air travel, ground to a halt when COVID-19 first broke out, leading to oil pr...