.... with huge upside if resource proven.
http://88energy.com/wp-content/uploads/2015/04/RFC-Ambrian-88-Energy-April-2015-e-mail.pdf
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We estimate that 88 Energy’s shares have a fair value of A¢1.9/share (1.0p/share).
This is based on Great Bear Petroleum’s recent winning bids for four blocks just to the north of the Icewine Project. Great Bear bid an average of US$212/acre for four blocks some five miles to the north of Icewine. Should 88 Energy be able to prove the HRZ Shale a commercial success, then the upside is huge. In recent years, good acreage in the Eagle Ford proven play has sold for well over US$20,000/acre (and in 1H14 Baytex paid over US$100,000/acre when it bought Aurora Oil & Gas). We are raising our rating to SPECULATIVE BUY.
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d.
RFC Ambrian put 1.9c on 88E .....
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Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $72.33M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $3.508K | 1.677M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 288 | 397512112 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 651116943 | 221 |
View Market Depth
| Last trade - 11.35am 02/08/2024 (20 minute delay) ? |
| 88E (ASX) Chart |