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88 Energy
(ASX:88E, AIM:88E)


Oil Exploration

Our Entry Price $ Current Price $ Current Return Highest Price $ Highest Return
$ 0.006 $ 0.037 640% $ 0.096 1820%



Overview

πŸ“‹ About: 88 Energy (ASX: 88E | LON: 88E | OTC: EEENF) is an early stage oil explorer that operates in the North Slope of Alaska.

Project Peregrine: 1.6 billion barrel gross mean unrisked recoverable prospective resource on the North Slope of Alaska.

Project Icewine: Operator on majority of ~260,000Β  contiguous acres (~200,000 net) onshore Alaska in prolific oil-rich province with multiple objectives

🌏 Macro Theme: Oil & Gas was unloved in 2020 during COVID-19 pandemic and a rebound is expected in 2021

88 Energy Company Milestones

βœ… Portfolio Initiation: Next Investors Commentary
βœ… Acquired Project (Peregrine): Next Investors Commentary
βœ… Drilling Results (Icewine, Charlie-1): Next Investors Commentary
βœ… Capital Raise $10M @0.6c: Next Investors Commentary
βœ… Resource Upgrade (Icewine): Next Investors Commentary
βœ… Farmout Agreement Secured (Peregrine): Next Investors Commentary
βœ… Acquired Project (Umiat): Next Investors Commentary
βœ… Drilling Permit Secured (Peregrine, Merlin-1): Next Investors Commentary
βœ… Drilling Commenced (Peregrine, Merlin-1): Next Investors Commentary
βœ… Drilling Complete (Peregrine, Merlin-1): Next Investors Commentary
βœ… Initial Lab Results (Peregrine, Merlin-1): Next Investors Commentary
βœ… Buy back of 100% of Project Peregrine from APDC:
Next Investors Commentary
πŸ”² Further Lab Results (Peregrine, Merlin-1)
πŸ”² Final Petrophysical Interpretation (Peregrine, Merlin-1)
πŸ”² Planning for a second well, Harrier-1 or other location (Peregrine)
πŸ”² Planning for a possible in-fill 2D or 3D seismic (Peregrine)
πŸ”² Assessment of potential development options for asset (Umiat)
πŸ”² Positive results from neighbour Pantheon Resources drilling (Icewine)
πŸ”² Farmout Peregrine to new partner
πŸ”² Farmout of acreage to fund an appraisal well (Icewine)
πŸ”² Commercialisation Opportunities (Icewine, Charlie-1)
πŸ”² Unexpected Positive Announcement 1
πŸ”² Unexpected Positive Announcement 2
πŸ”² Unexpected Positive Announcement 3

Next Investors Exploration Investment Milestones

1st Key Drilling Event - Feb 2021

βœ… Initial Investment: @0.5c (β‰ˆ9 months before key drilling event)
βœ… Increase Investment: @0.6c (β‰ˆ6 months before key drilling event)
βœ… Price increases 500% from initial entry
βœ… Price increases 1000% from initial entry
πŸ”² Price increases 2000% from initial entry
βœ… Free Carry (days before key drilling event)

βœ… Take Some Profit (days before key drilling event)
βœ… Hold position for key drilling event
βœ… Decide New Investment Plan after results of key drilling event

2nd Key Drilling Event - Feb 2022?

βœ… Increase Investment: @2.5c (β‰ˆ9 months before key drilling event)
πŸ”² Increase Investment
πŸ”² Increase Investment
πŸ”² Price increases 500% from investment
πŸ”² Price increases 1000% from investment
πŸ”² Price increases 2000% from initial entry
πŸ”² Free Carry (days before key drilling event)
πŸ”² Take Some Profit (days before key drilling event)
πŸ”² Hold position for key drilling event
πŸ”² Decide New Investment Plan after results of key drilling event

"Expected Company Milestones" are based on the company's publicly available execution plan and some assumptions made by our team on potential announcements that should de-risk the investment. β€œOur investment milestones” show our current long-term investment plan. Early stage investments are risky and there is no guarantee that the expected events will occur. The lists are not in sequential order.

Key

πŸ”² Expected Milestone
βœ… Achieved Milestone
🟩 Above Average Result
🟨 Average (Expected) Result
🟧 Below Average Result
πŸŸ₯ Negative Result
🌎 Macro Event
βš”οΈ Results from Other Company / Project
[UPA] Unexpected Positive Announcement
[NEW] New Milestone Added



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

88E to Drill 1.6BN Barrel Project in the Coming Days
88 Energy Weeks Away from Drilling One of 2020’s Biggest Oil Wells
$11BN Energy Giant Sets up Shop Near 88E in Alaska: M&A Activity Sparked?
Oil Drilling in Weeks: Multi-Hundred Million Barrel Potential

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