88E

25.0%

0.3¢ 88 energy limited

Analysts Report - DJ Carmichael, page-3

First 3 Last

quacker

839 Posts.

03/04/17

17:09

Post #: 23822676

Originally posted by aussie155 ↑

Hi Ya'll

See below FYI.

http://us10.campaign-archive1.com/?u=c00a28333b2ad686999d57de4&id=7b6c053234

Column 1

1

Column 1

Column 1Oil & Gas Research - 88 Energy Ltd (88E) - Initiation Report

[/table][/table]
[/table][/table]
[/table][/table]

Column 1

1

Column 188E is an Oil and Gas explorer listed on the ASX with a dominant land holding in Alaska and a comprehensive exploration and appraisal program.Summary Key PointsFavourable landholding and geology: 88E has a 77.5% working interest in over 271,119 (an additional 220,000 net acres subject to award and exercise of option) gross acres on the Alaskan Central North Slope. The United States Geological Survey has stated that the North Slope is one of the last remaining material oil shale plays in the United States.88E’s partner has an impressive track record in de-risking Shale Plays: 88E is partnered with US based Burgundy Xploration which is led by Paul Basinski. Paul was a key player in the discovery of the prolific Eagle Ford shale play in Texas.88E has had encouraging results in the de-risking of Project Icewine: Project Icewine is located ~35 miles South of Prudhoe Bay within proximity of some very large conventional oil discoveries. Results from the first well have been encouraging with the confirmation of number of the key technical characteristics of a successful unconventional oil shale play. The focus of 88E’s unconventional exploration program is the HRZ interval which is part of the Brookian unit.88E’s planned drilling program is underway: ICEWINE#2 is a vertical well that is planned to spud in Q2 of 2017. Post drilling this well will be hydraulically stimulated and flow tested.88E landholding also shows encouraging conventional prospectivity: 88E believe that its ground has the potential to host conventional accumulations of oil. A recently completed seismic survey has identified several promising leads that 88E are working to mature into drill targets.88E’s work program is fully funded: 88E recently completed a capital raising where it raised $17 in an oversubscribed placement. This brings its cash balance to $43m which makes it well capitalised to successfully execute its forward plan.88E is situated in an area with favourable infrastructure: The Icewine project sites astride the Dalton Highway and the Trans Alaskan Pipeline System (TAPS).Catalysts

The drilling and the successful Hydraulic Fracturing of ICEWINE#2.

Flow back testing from ICEWINE#2.

Further positive geological data from ICEWINE#2 to supplement the dataset from ICEWINE#1.

Identification of conventional drill targets from the recently completed seismic survey.

Farm-in from large oil and gas player.

RecommendationWe value 88E at a $0.085 share and initiate with a Speculative Buy Recommendation.We have used the current AUDUSD exchange rate of AUD$0.77.

[/table]
[/table]
[/table]

Expand

Nice one Aussie, just to add to your post there is also a PDF in the link you provided.
https://gallery.mailchimp.com/c00a2...2b/88_Energy_Initiation_Report_March_2017.pdf
Lots of detail to read. Thanks for sharing.

Last edited by quacker: 03/04/17

88E Price at posting: 4.1¢ Sentiment: Buy Disclosure: Held

21 Upvote

0 Great analysis

Top Stories

ARB

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

OCT

Octava Minerals joins the antimony train with high-grades on the radar at Yallagong, WA

PAT

Patriot Lithium eyeing up Zambia-based Katawaro copper project

LEX

Lefroy boosts near-surface gold resource by 13% to 439Koz

ARV

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

There are more pages in this discussion • 5 more messages in this thread...

First 3 Last

Add 88E (ASX) to my watchlist

(20min delay)
Last 0.3¢		Change 0.001(25.0%)		Mkt cap ! $72.33M

Open	High	Low	Value	Volume
0.2¢	0.3¢	0.2¢	$23.31K	11.61M

Buyers (Bids)

No.	Vol.	Price($)
141	174950969	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	659154728	245

View Market Depth

No.	Vol.	Price($)
141	174950969	0.002
383	1048069175	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	659154728	245
0.004	183896421	119
0.005	54544602	46
0.006	50258903	37
0.007	33542109	24

Last trade - 13.08pm 10/10/2024 (20 minute delay)

88E (ASX) Chart

Analysts Report - DJ Carmichael, page-3

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

Octava Minerals joins the antimony train with high-grades on the radar at Yallagong, WA

Patriot Lithium eyeing up Zambia-based Katawaro copper project

Lefroy boosts near-surface gold resource by 13% to 439Koz

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Analysts Report - DJ Carmichael, page-3

Top Stories

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

Octava Minerals joins the antimony train with high-grades on the radar at Yallagong, WA

Patriot Lithium eyeing up Zambia-based Katawaro copper project

Lefroy boosts near-surface gold resource by 13% to 439Koz

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News