Interesting read
https://nextinvestors.com/quick-takes/88e-whats-next/Earlier that morning 88E released results from its second flow test on the North Slope of Alaska, announcing a second oil discovery in 2 weeks.
Over the last 2 weeks 88E has delivered:
- A peak flow rate of ~70 barrels of oil per day from the Upper SFS reservoir
- A peak flow rate of ~50 barrels of oil per day from the SMD-B reservoir
These results are in line with 88E’s much higher valued neighbour, the $650M capped, UK listed Pantheon Resources - 88E is capped at ~ $100M.
The ASX didn't really react to the news yesterday - 88E shares ended the day neutral.
Interesting...
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4.9¢ |
Change
-0.002(3.92%) |
Mkt cap ! $165.1M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
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| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Change
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| Last updated 15.59pm 16/05/2024 ? | |||||
| MAY (ASX) Chart |