David Wall’s interview with Energy Board Room in late FEB:
“if we can continue to de-risk this play, then we’re looking at several billion barrels of recoverable oil potential. Even in bearish scenarios, 50 cents or 10 cents a barrel when multiplied by the resource potential is still several times our market capitalization. So, that leverage still exists for us – leaving us in a relatively good position to attract further investment.”
Today’s announcement:
88 Energy Limited (“88 Energy”, “the Company”, “Operator”) (ASX, AIM: 88E) is pleased to
provide the successful completion of Phase I for Project Icewine, resulting in substantial derisking
of the HRZ play based on results from the Icewine#1 exploration well.
My call is it will at least touch 10c (+31.58%) tomorrow. . .
And I'm a conservative . . . I called mid 7c close today while most people mentioned >8c.
I will be disappointed if this stock doesn't touch that 8.8c, it certainly bodes well for good fortune?
LSE tonight, page-228
Add 88E (ASX) to my watchlist
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Last
0.3¢ |
Change
-0.001(25.0%) |
Mkt cap ! $75.37M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $158.3K | 42.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 421 | 675985809 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 210460995 | 23 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
0.4¢ |
Change
-0.001 ( 12.5 %) |
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| Open | High | Low | Volume | ||
| 0.4¢ | 0.4¢ | 0.3¢ | 89353805 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| 88E (ASX) Chart |