From- The Next Oil Rush (publication) today.
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| 88E Doubles Leverage to Potential Mammoth Oil FindThere is a major oil drilling event happening in Alaska right now, and the stakes have just risen… This oil well is targeting a high potential shale play, which based on research to date has all the hallmarks of an Eagle Ford look-a-like - the biggest onshore discovery in US history. This is no minor drilling event - The shale layer 88 Energy (ASX:88E; AIM:88E) is targeting could hold billions of barrels of oil… 88E is now just a few hundred metres from target depth, and initial results will come through over the coming weeks. But recently, 88E investors’ exposure to the huge unconventional prize was magnified multiple times over. 88E recently tripled its continuous land holding at its Project Icewine before definitive drill results. It secured this with a measly down payment of US$740,000. 88E don’t want to prove up the play in the coming weeks and see someone else acquire a large portion of it - so it’s made the first land grab now. At the same time, there is also a chance this well is unsuccessful - and 88E is a speculative investment - investors should do their own research and consider their own circumstances before deciding to invest.88E has staked its claim and is positioned for an imminent high value farm out… Your move, cashed up oil major. [/table]
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