88 Energy
Our Initial Entry
Price
Portfolio Initiation
5 Day VWAP
After Initiation
Current Price
Our Current Returns
Jul 23 2020
|
ASX:88E
|
Our Current Returns 80% |
Overview
What does 88E do?
88 Energy Ltd (ASX: 88E | OTC: EEENF) is an oil and gas exploration company focussed on a portfolio of assets in the North Slope of Alaska, USA.
What is the macro theme behind 88E?
The world is moving into a period of oil and gas scarcity following multiple years of underinvestment.
The demand shock caused by COVID-19 and the subsequent oil price falls lead to a destruction in activity on the supply side. With demand now recovering, the supply-side hasn't responded, which we think will lead to oil price pressures to the upside in the medium-term.
Our Past Commentary on 88 Energy
| Type | Date | Share Price $ | Title |
|---|---|---|---|
| Article | 19-Feb-2021 | $ 0.009 | 88E to Drill 1.6BN Barrel Project in the Coming Days |
| Article | 12-Feb-2020 | $ 0.021 | 88 Energy Weeks Away from Drilling One of 2020’s Biggest Oil Wells |
Most recent catalysts for 88 Energy
Jonathan Jackson 19/02/2021
88E to Drill 1.6BN Barrel Project in the Coming Days
88 Energy (ASX: 88E) is set to drill the Merlin-1 well in the first week of March. Merlin-1 targeting 645 million barrels of gross mean prospective resource, over three separate stacked reservoir targets, and is on trend to existing discoveries immediately to the north and south of the project area.
Meagan Evans 12/02/2020
88 Energy Weeks Away from Drilling One of 2020’s Biggest Oil Wells
Now with drilling permit in hand, Alaska North Slope focused oil explorer 88 Energy Limited (LON:88E | ASX:88E) is on the verge of transformational drilling at its Charlie-1 appraisal well at Project Icewine, in what could be one of the world’s biggest oil wells of 2020.
Catalyst Hunter 03/11/2017
$11BN Energy Giant Sets up Shop Near 88E in Alaska: M&A Activity Sparked?
$11BN giant Oil Search (ASX: OSH) made a significant play this week when it moved to acquire world class oil assets in the prolific Alaskan North Slope – just the region 88 Energy (LON | ASX: 88E) has been exploring recently.
Catalyst Hunter 16/09/2015
Oil Drilling in Weeks: Multi-Hundred Million Barrel Potential
88 Energy (AIM:88E | ASX:88E) is to start drilling a well in a potential new play which could host hundreds of millions of recoverable oil.