$11BN Energy Giant Moves Sets up Shop Near 88E in Alaska: M&A Activity Sparked?
Catalyst Hunter03/11/201788E - 88 ENERGY
As the oil price increasingly starts to show stronger signs of recovery, $11BN giant Oil Search (ASX: Oil Search) 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.
Oil Search is paying US$400 million in cash to private company Armstrong Energy LLC for a stake in a Tier 1 oil field under appraisal, along with some exploration upside.
Assets include a 25.5% interest in the Pikka Unit and adjacent exploration acreage and a 37.5% interest in the Horseshoe Block, which gives Oil Search a 37.5% exposure to the Hue shale – a shale layer that may be familiar to 88E investors.
for the full article here is the link
http://catalysthunter.com/oil-gas/8...-UA2&utm_source=twitter.com&utm_medium=social
- Forums
- ASX - By Stock
- 88E
- 88E potential take over revealed
88E potential take over revealed
- There are more pages in this discussion • 115 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add 88E (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.3¢ |
Change
-0.001(16.7%) |
Mkt cap ! $72.23M |
Open | High | Low | Value | Volume |
0.2¢ | 0.3¢ | 0.2¢ | $7.072K | 2.692M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
497 | 962480288 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 393070114 | 70 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
497 | 962480288 | 0.002 |
121 | 597761048 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 393070114 | 70 |
0.004 | 512577138 | 204 |
0.005 | 235233915 | 100 |
0.006 | 76945978 | 65 |
0.007 | 236181401 | 42 |
Last trade - 11.20am 29/05/2024 (20 minute delay) ? |
|
|||||
Last
0.3¢ |
  |
Change
-0.001 ( 20.0 %) |
|||
Open | High | Low | Volume | ||
0.3¢ | 0.3¢ | 0.3¢ | 32187666 | ||
Last updated 11.37am 29/05/2024 ? |
Featured News
88E (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online