275 Thousand Acres
world class oil assets
Tier-1 location
• Prolific oil region:
35 miles south of largest conventional oilfield in North America (Prudhoe Bay 15B barrels).
Fully funded for upcoming Icewine #1 exploration well
A$10.5 million cash at bank
88E cash component of Icewine #1 well cost US$5.7m, ~US$4.8m remaining to be paid
US$50 million funding facility secured with Bank of America
Remainder of US$16.9m Icewine #1 well to be funded via facility
Icewine#1 evaluation
Highlights
- Matrix permeability within the cored HRZ shale exceeds expectations, several times greater than effective cutoff in all 18 core samples measured
- 2 samples displayed permeability too high to be measured using standard technique (indicating possible presence of 'permeability super highways')
- Porosity confirmed at upper end of expectations as per prognosis
- http://88energy.com/
Drone Video of Drilling Operations
88 Energy 'well placed' to capitalise on Alaska's potentia
http://www.*.com.au/companies/news/...-on-de-risking-milestone-in-alaska-66965.html
Ann: HRZ Play Further Derisked, page-281
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 |
| 0.3¢ | 0.3¢ | 0.3¢ | $634 | 213.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 154 | 176689125 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 669230178 | 250 |
View Market Depth
| Last trade - 10.00am 11/10/2024 (20 minute delay) ? |
| 88E (ASX) Chart |