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88 Energy - Ultra High Impact Drilling Q1 2020

Proselenes
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88 Energy - Ultra High Impact Drilling Q1 2020

#258356

Postby Proselenes » October 17th, 2019, 12:23 am

Website : http://88energy.com/

Listed on UK AIM and Australian ASX

Sept 2019 Presentation : http://clients3.weblink.com.au/pdf/88E/02141921.pdf


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Proselenes
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Re: 88 Energy - Ultra High Impact Drilling Q1 2020

#258357

Postby Proselenes » October 17th, 2019, 12:24 am


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Re: 88 Energy - Ultra High Impact Drilling Q1 2020

#258361

Postby Proselenes » October 17th, 2019, 3:49 am

Going to be a lot of churn as the recent placing shares at 0.7p are sold at 5% to 15% profits.....but once that overhang is clear the upside is staggering.

480 MMBO net potential to 88E from Charlie-1.

480 MMBO x 4$ in the ground sale value is 1.92 Billion dollars.

1.92 Billion dollars divided by 6.332 Billion shares in issue is 0.3 US$ per share value or 23 pence per share......

Current price 0.7p a share........upside from Charlie-1 well 23 pence a share....... based on sale at 4$ per barrel on success.

This ignores everything else the company has, including Shale rights, other prospect, other targets........

Alaska has infrastructure and production, all the big players are working there already Repsol, Conoco Phillips, Armstrong etc....

Is there any other stock that has this tremendous upside potential in Q1 2020 ? Nope...........not in my view.

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Re: 88 Energy - Ultra High Impact Drilling Q1 2020

#258363

Postby Proselenes » October 17th, 2019, 4:06 am

https://www.alaskajournal.com/2019-09-1 ... -slope-oil


...........London-based newcomer Premier Oil, in partnership with Australian independent 88 Energy and Texas independent Burgundy Xploration, plans to drill this winter to further evaluate a block of leases called Project Icewine, 50 miles southwest of Prudhoe Bay.

We’ve known since the 1960s this area holds potential for oil discoveries, and these optimistic independents believe they can bring this prospective area into production............

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Re: 88 Energy - Ultra High Impact Drilling Q1 2020

#258364

Postby Proselenes » October 17th, 2019, 4:15 am

Good to listen again to this September 2019 interview with the MD :


https://audioboom.com/posts/7373130-dav ... -questions


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Re: 88 Energy - Ultra High Impact Drilling Q1 2020

#258810

Postby Proselenes » October 18th, 2019, 3:57 pm


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Re: 88 Energy - Ultra High Impact Drilling Q1 2020

#259382

Postby Proselenes » October 22nd, 2019, 12:30 am

88E quarterly report released on ASX.

https://www.asx.com.au/asxpdf/20191022/ ... 78vkq5.pdf

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Re: 88 Energy - Ultra High Impact Drilling Q1 2020

#259769

Postby Proselenes » October 24th, 2019, 4:31 am


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Re: 88 Energy - Ultra High Impact Drilling Q1 2020

#260386

Postby Proselenes » October 27th, 2019, 2:41 am

What is going to make 88E so exciting next year when drilling the Charlie-1 well is that they are ASX listed, and ASX rules mean they have to update drilling progress every week. Each target is going to have its own RNS....so with 7 stacked conventional and a final shale target, thats a lot of RNS when this is drilling.......a lot of chances for the share price to go well up on any oil strike in any target.

https://finfeed.com/small-caps/energy/8 ... isal-well/

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Re: 88 Energy - Ultra High Impact Drilling Q1 2020

#260945

Postby Proselenes » October 30th, 2019, 3:47 am


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Re: 88 Energy - Ultra High Impact Drilling Q1 2020

#262246

Postby Proselenes » November 5th, 2019, 11:14 am

New Cenkos note out today on 88E. Unrisked valuation of 47.8p a share.

Extract of the Cenkos note below:

Valuation - Drilling of the Charlie-1 well will be a defining moment for the Company, as it seeks to prove the conventional potential of the Project Ice wine acreage. We have updated our model for both the HRZ Shale and the Yukon Leases, whilst updating a full DCF model for the Icewine Conventional acreage. The result is an increase in our valuation and our price target to 4.8p and reiterate our BUY recommendation.

Whilst the early stage nature of 88 Energy’s portfolio makes our valuation speculative, the upside potential is huge, unrisked, we value the 88 Energy portfolio at 47.8p per share or US$4.8bn.

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Re: 88 Energy - Ultra High Impact Drilling Q1 2020

#263129

Postby Proselenes » November 8th, 2019, 10:55 pm

Here is a download link to the November 2019 Cenkos note on 88E, in PDF format.

https://ufile.io/kc6srgsr

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Re: 88 Energy - Ultra High Impact Drilling Q1 2020

#264130

Postby Proselenes » November 14th, 2019, 8:42 am

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Re: 88 Energy - Ultra High Impact Drilling Q1 2020

#264671

Postby Proselenes » November 16th, 2019, 4:29 am


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Re: 88 Energy - Ultra High Impact Drilling Q1 2020

#265043

Postby Proselenes » November 18th, 2019, 7:31 am

New video of the Charlie-1 well to be spudded in Feb 2020.

https://www.youtube.com/watch?v=8kHZ5K0 ... e=emb_logo


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Re: 88 Energy - Ultra High Impact Drilling Q1 2020

#265249

Postby Proselenes » November 18th, 2019, 9:39 pm

November 2019 presentation released.

http://clients3.weblink.com.au/pdf/88E/02174284.pdf

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Re: 88 Energy - Ultra High Impact Drilling Q1 2020

#265581

Postby Proselenes » November 19th, 2019, 8:37 pm


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Re: 88 Energy - Ultra High Impact Drilling Q1 2020

#266171

Postby Proselenes » November 22nd, 2019, 4:06 am

On Bloomberg - message is being spread far and wide.


https://sponsored.bloomberg.com/news/sp ... wbU-At_sQA


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Re: 88 Energy - Ultra High Impact Drilling Q1 2020

#266411

Postby Proselenes » November 22nd, 2019, 9:07 pm

And looking like Alaska North Slope is going to become a real hotspot focus as draft regulations now done. Big boys will expand and new big boys will want to get in.

PMO obviously saw the potential, hence they farmed into Charlie-1 and also looking at farming into other blocks held by 88E. Success at Charlie-1 should mean PMO farming in further, or of course, another player coming along and buying out 88E.

https://www.reuters.com/article/us-usa- ... SKBN1XW1SK



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Re: 88 Energy - Ultra High Impact Drilling Q1 2020

#266537

Postby Proselenes » November 23rd, 2019, 2:45 pm



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