.... with huge upside if resource proven.
http://88energy.com/wp-content/uploads/2015/04/RFC-Ambrian-88-Energy-April-2015-e-mail.pdf
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We estimate that 88 Energy’s shares have a fair value of A¢1.9/share (1.0p/share).
This is based on Great Bear Petroleum’s recent winning bids for four blocks just to the north of the Icewine Project. Great Bear bid an average of US$212/acre for four blocks some five miles to the north of Icewine. Should 88 Energy be able to prove the HRZ Shale a commercial success, then the upside is huge. In recent years, good acreage in the Eagle Ford proven play has sold for well over US$20,000/acre (and in 1H14 Baytex paid over US$100,000/acre when it bought Aurora Oil & Gas). We are raising our rating to SPECULATIVE BUY.
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.78M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.2¢ | $34.62K | 13.28M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
93 | 149214082 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 604947218 | 164 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
93 | 149205428 | 0.002 |
312 | 1149738941 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 604947218 | 164 |
0.004 | 249518369 | 109 |
0.005 | 75109663 | 58 |
0.006 | 125873189 | 42 |
0.007 | 25381369 | 28 |
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