The Lemon Fool

Target price increased to 2.5 pence

New 12th Feb 2021 Broker Update : https://gofile.io/d/3MyWfH

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23rd February 2021

PROJECT PEREGRINE PROSPECTIVE RESOURCES REPORT

https://cdn-api.markitdigital.com/apima ... a206a39ff4

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88E now have a new Ultra High Impact drill.....in Q1 2022.

Time for Merlin-2 well. Spud is next week.

https://clients3.weblink.com.au/Clients ... d=61079581

Comment in the media on the news.......

https://themarketherald.com.au/88-energ ... 022-03-01/

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Closed at 2.6p equivalent on US OTC markets.

2 PDF download links - Cenkos on #88E $EEENF @88EnergyLtd #Alaska #PANR $PTHRF. Also note on Surface Transforms #SCE @STBrakes

Two excellent shares, one oil, one technology. Both have massive potential #oil 1 high & 1 low risk

https://gofile.io/d/NDxheh

https://gofile.io/d/v5oTm7
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The Artic Fox rig spudded the Merlin-2 well on 7 March 2022

Allister Caird, 88 Energy’s Exploration Manager, has arrived on site and provided this unique view of the Merlin-2 operations from his arrival flight.

https://www.youtube.com/watch?v=f9DBFkp9keA

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Everything on track and going to plan. Now drilling ahead into the reservoir sections.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02500212-6A1082333?access_token=83ff96335c2d45a094df02a206a39ff4

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Proselenes wrote:
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Just a quick reminder, Proselenes, of the following rules regarding posting embedded images -

• All embedded images (including data and graphs) in posts must:-

Include an additional link (URL) to a web page where the original may be viewed in context, or (where the image is hosted on either a domain owned or controlled by the poster, or a hosting site account e.g. Imgur, Picasa, Dropbox, OneDrive, Google Drive) be followed by a statement that the poster owns (or is legally permitted to post) the content of the image.

If this is later found to be incorrect, appropriate action will be taken by administrators. Images which do not comply with these requirements may be removed without warning.

Site rules - https://www.lemonfool.co.uk/app.php/rules

I can't remember ever seeing a related link on any of the oil-stock related pictures you've posted, and so I thought I'd let you know of the above rule, which are usually quite strictly policed...

Cheers,

Itsallaguess

Noted.

New video release by 88E

https://www.youtube.com/watch?v=7yxepYmgxlg

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@88EnergyLtd news release....Merlin 2 reached target depth.......All zones look good, elevated gas shows, oil in cuttings and thicker than expected. Wireline logging in process......

Very significant differences between Merlin-1 and Merlin-2. From all the information so far it looks likely that Merlin-2 will deliver net oil pay, and of a very decent size given the thicker than expected reservoir. Fingers crossed could be boom time next week with the next update.


Merlin 1

1. Mud gas peaks were also recorded and, although generally not of the same scale of the increase in total gas above background as that seen in the Analogue Wells, one of the prospective horizons in Merlin-1 did have substantially elevated total gas
2. With slow to moderate sometimes fast streaming cut when exposed to solvent


Merlin 2

1. Finally, significant mud gas peaks were detected across all target sequences
2. Target intervals are thicker than those encountered in Merlin-1
3. “moderately fast” to “immediate and blooming” “cuts” were noted, the speed of which is often a PROXY for sample PERMEABILITY.

https://thewest.com.au/business/public- ... -c-6175117

88 Energy strikes oil at depth ahead of logging
Headshot of Matt Birney
Matt Birney

Wed, 23 March 2022 12:04PM


The numbers appear to be stacking up for 88 Energy after it successfully reached total depth in the Merlin-2 appraisal well in Alaska and struck oil. It is now waitin........................

Another 88E drill bites the dust.

https://www.investegate.co.uk/88-energy ... 21044084G/

Unlucky.

Now down 57% - although fair play to them, the drop only started 5 minutes before the RNS was released at 11.21, that's pretty tight by the standards of most E&Ps...

One of those random little things I noticed that might be of use to someone. I was looking at secondary listings of London E&P's in the US (as you do) and it's striking how the only ones that are really traded are Pantheon and 88E. But Pantheon's US trades (PTHRF) are only 13% of trades in London (per Yahoo), whereas 88E's (EEENF) are 75% of London.

So if you're struggling for size in London, this is perhaps the only London E&P where it might be worth looking at the US quote.

88E is on the OTCQX. Which is the top tier of the OTC forms. Being on OTC QX makes it very easy for US investors to buy shares in the company.

PANR currently is not on OTCQX.....however they are listing on the OTCQX very soon, which should then see a lot more trading in PANR shares in the USA under the ticket PTHRF.

The news was in the recent PANR RNS

https://www.investegate.co.uk/pantheon- ... 00033944W/

............ Corporate Update

The Company is also pleased to announce that it is in the process of applying for the Company's ordinary share capital to trade on the OTC Market's OTCQX trading platform in the Unites States. The OTCQX is the top tier of the three marketplaces for the OTC trading of stocks and will allow U.S. investors greater ability to access the Company's Ordinary Shares in U.S. dollars and during U.S. market hours. The Company is not seeking a fundraising in conjunction with this process. ................

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Hallucigenia wrote:88E's (EEENF) are 75% of London.

So if you're struggling for size in London, this is perhaps the only London E&P where it might be worth looking at the US quote.

Or the Aussie quote, the volume on the ASX is 40% more than in London, although the spread is no better. And depending on your broker trading on the ASX can be a pain just because of the timezones.

But it's certainly very unusual for a company of this size to have usable liquidity in three countries.