reason for the massive spike in volume

yes one reason could be the appointment of a new GM "88 Energy is delighted to announce the appointment of Mr Erik Opstad as General Manager of Alaskan Operations. Mr Opstad has managed successful drilling campaigns on the North Slope in recent times, similar to that planned by the Project Icewine Joint Venture."

another reason that our neighbour , Great Bear , has been drilling for oil and are expected to have huge success and maybe they have made a major discovery and the one's in the know are snapping up shares in 88E , remember Great Bear is a private company so they have no obligation to announce any discovery to the markets but if your in the know why wouldn't you be buying into your neighbors

another reason is that HOTCOPPER is tipping 88E as the next big thang

this week has seen a dramatic spike in volume , so follow the money I say , also this was recently belted down to this level and prior to this the average price over the past 3 years has been running at about .25 cents