FINALISED: 02-12-15 PUBLISHED: 02-12-15
88E Doubles Leverage to Potential Mammoth Oil Find
88 Energy (AIM:88E; ASX:88E) just bought a discount seat with VIP status at the big boys’ table.
Now just days, possibly hours away from target depth on its maiden Icewine #1 well, 88E has just tripled its continuous acreage holding in Alaska…
88E moved fast whilst oil prices are temporarily low, and with no other competition, has significantly increased the upside to an oil find on the current well.
This is essentially a wakeup call straight to oil majors across the globe who would likely be running the numbers on this plucky oil explorer as you read this.
With the recent acreage acquisition expanding Project Icewine dramatically, a few cashed up eyes must be watching 88E’s current drilling progress, waiting to pounce on the results and take a stake in Icewine well # 2.
Get ready for the Oil its coming to a town near you.
Great News!!, page-8
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