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Work & Management
UK Markets closed
88 Energy Limited (88E.L)
LSE - LSE Delayed price. Currency in GBp
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At close: 06:29PM GMT
5,298 reactions on $88E.L conversation
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J P Morgan out saying oil is headed for $150/barrel. Do you even realize what this means for EEENF share price when (not if) oil is encountered from drilling?
$5 to $10 a share.
Managing Director, Ashley Gilbert, commented:
"The OTCQB quotation provides 88 Energy with access to the world's largest investment market. Given 88 Energy's portfolio of oil and gas assets is focused solely on the North Slope of Alaska, it was an obvious next step to upgrade to the OTCQB market, especially given the strong trade in 88 Energy stock through the OTC pink sheets throughout 2021.
88 Energy is at an exciting stage with the anticipated spud of the Merlin-2 appraisal well in February 2022, as well as the significant activity planned across our portfolio in 2022, so we are excited to be broadening our exposure in the global investment community. Joining the OTCQB Market will be matched with an active investor engagement program, to ensure our investment case and growth prospects are well understood amongst all current and prospective shareholders in 88 Energy."
If the CRUMBS COLLECTORS can find a way to reeeelax,next week we can close at $0.042 next Friday. CRUMBS COLLECTORS …..PLEASE CHILL THE EFF UP !!!!!
i love the smell of oil. 7 billion barrels of it. 0.40+ comin soon
I have 31,1115 shares, hopefully this amounts to something haha
Buying another 332,225 shares as of the time of this post. That will put me at 1,132,225 Boom 💥
For me the sell price is minimum 25 cents and even at $.25 I have to think really hard to sell or wait for $.50
what just happened at market close!??!?! huge buy??
r/EEENF is the reddit forum I use for information. Currently at 10.2k members. I'm excited to see what this stock will bring. been holding since March last year.
🔥🔥🔥Proudly holding 🔥🔥🔥EEENF 1.1 million shares 🔥🔥🔥
🔥🔥🔥Locked & Loaded🔥🔥🔥
Great news from managing director Ashley Gilbert! Wow!
.25 to $1.
some one wrote..hilcorp is a better candidate to buy 88 energy then conco
Alaska Petroleum News article says permitting is moving ahead and snow road construction has begun . Things are looking pretty good.
Holding 800,000 shares to .50
nearly 10% drop so far in the UK.....look like some profit taking by some for the weekend.....as everything else look set for and upward climb...
CARLOS DE BARROS
The market is bleeding, but EEENF ….
Looks like significant upside. 10-20x+. If the exploration yields positive results, then I look forward to what’s next
Well things are getting exciting volume up price moving up which in my opinion should of never went under.03 with all the land this company has this drill coming up is big but keep in mind all the other projects on the burner over 440 thousand acres of land.
I see peeps are speculating or rumoring about buyout again. That could be what is driving the spike in price, but it is more likely that we are close to securing all the permits. Can't drill without permits, can't sell the property without permits. David Wall made it very clear about a year ago that 88 Energy is NOT an oil production company, and is only interested in selling its properties to a willing buyer at the right price. So what is the right price and what are the risks or rewards of buying into the deal. The good news is the WTI price is at $85, twice as high as last year and more likely to increase than not. There will be a strong demand for oil over the next 20 years. Time enough to get an oil friendly administration in the White House. So let's look at what the property is worth. There are 1.6 Billion bls of "unrisked" oil, but only a 56% chance being produced right now. So factor the 1.6 billion by 56% and we are at 900 million barrels. WTI price of $85 brings a well head price of 1/3 or $28. 900MM bbls @$28=$25.2 Billion. Now further discount it for necessary infrastructure and production costs (drilling, transportation and storage). So we take 16% of $25.2 Billion, or $4 Billion. Now that is the bottom price of what the oil in the ground is worth right now. At 14.5 Billion shares o/s, that is $.28 ps. That assumes that there are no external forces that could shut the project down. That is why the sp today rose to nearly $.04 before closing at $.03. Once we get permitted we will be looking at $.05. The closer we get to 8,000 feet the higher the price goes. The, depending on the results, its either boom or bust. Now again, that is assuming someone is interested in buying us out and has plans for all our wells. Someone may only want to work out half that over the next 5 years. But the bottom line is if we hit oil we are good for $.30 cents/share. If not it goes back to $.01
Are there any ACTUAL realistic price targets? What makes people believe that this even cracks 10c? Let alone 15c, 50c or even $1.00? I know about Merlin 2 and all the oil, the buyout etc etc but how does that news give you that level of confidence in the stock?
2 REITS to buy and hold to make a passive income!
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