88E 33.3% 0.2¢ 88 energy limited

Good summary here of the current situation, page-3

  1. 521 Posts.
    lightbulb Created with Sketch. 212
    Here you go


    88 Energy (88E.AX EEENF 88E.L POQ.F)
    announced its quarterly activities report. Regarding Alaka, MD Ashley Gilbert stated they expect to commence a formal farm-out process for Project Phoenix following completion of the Hickory-1 post flow test analysis, with the aim of attracting a strategic partner for the next stage of development and commercialisation. In Namibia, seismic acquisition for PEL 93 is planned for mid-2024 with a potential initial exploration well targeting the Damara play as early as H2 2025. On Project Leonis, a maiden prospective resource estimate for the Upper Schrader Bluff reservoir is expected H1 2024 and a farm-out process has commenced with multiple parties engaged and reviewing data room materials, ahead of potential drilling of a new well in 2025/2026. At Project Longhorn, two of the planned five work-overs scheduled to be in completed in 1H 2024 are underway. Q1 2024 production averaged 328 barrels of oil per day gross and the company received cash flow distribution of A$700,000 in March 2024. The cash balance as at 31 March 2024 was A$17.5 million with no debt. Around 20% of Hickory-1 flow test payments have been made, with the remainder expected to be paid in Q2 2024.
 
watchlist Created with Sketch. Add 88E (ASX) to my watchlist
(20min delay)
Last
0.2¢
Change
-0.001(33.3%)
Mkt cap ! $57.78M
Open High Low Value Volume
0.3¢ 0.3¢ 0.2¢ $36.62K 15.35M

Buyers (Bids)

No. Vol. Price($)
621 874601304 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 509937628 127
View Market Depth
Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
88E (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.