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Thema: 88 Energy Doubles / WKN: A14PRT ISIN: AU00000088E2 $$$ Via ASX and Germany

  1. #1

    Dabei seit
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    88 Energy Doubles / WKN: A14PRT ISIN: AU00000088E2 $$$ Via ASX and Germany

    88 Energy Doubles / WKN: A14PRT ISIN: AU00000088E2 $$$ Via ASX and Germany

    88 Energy doubles
    By Alistair Strang | Fri, 26th August 2016 - 09:58
    Share this
    88 Energy oil company doubles share price gain technical analysis trends targets
    When we pull in the markets' end-of-day data, this particular share code - 88 Energy (88E) - has often puzzled, as - until now - we've not been asked about it! However, something seems to be happening which has caught folks' attention, judging by the flurry of emails received.

    Importantly - from our perspective - the share price has history. If we were to take movements since October last year as "it", we would be as scared as heck, due to moves below 1.85p this year as the price transited into a zone where bottom was at 0.14p.

    Thankfully, last year the share price moved into a region where this had a historical high price at 46p and, therefore, we can apply growth characteristics rather than "pump & dump" characteristics.

    The situation now is of movement above 3.175p mid-price pointing toward 3.75p next with secondary a visually surprising 6p. We're inclined to take this secondary with a pinch of salt as it appears very probable the previous highs just below the 4p level are very liable to provide some stutters in price growth.

    graph 1

    Importantly, if the current growth cycle is being driven by positive news rather than optimism in discussion forums, we shall need to revisit this with closure above 4p due to the extraordinary future potentials.

    For now, if this intends to revert to "pump & dump" game plans, the price needs a reverse below 2p as it once again enters a zone with ultimate bottom of 0.14p.

    Otherwise, it looks surprisingly strong and the reason for our hesitation above 4p is simply due to the potentials of the price once again virtually doubling.

    This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.

    Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.

  2. #2

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    Next Hotstock $ 88 Energy $ via AIM London Stock Exchanges, ASX - Australia Stock Exchanges & German

    Next Hotstock $ 88 Energy $ via AIM London Stock Exchanges, ASX - Australia Stock Exchanges & Germany Stock Exchanges.

    ASX:http://www.asx.com.au/asx/research/company.do#!/88E

    http://www.londonstockexchange.com/e...GBGBXASQ1.html

  3. #3

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    3,6 Billions Barrel Potentials $ Icewine Project $ Watch current Video: https://www.youtube.com/wa

    3,6 Billions Barrel Potentials

    $ Icewine Project $

    Watch current Video: https://www.youtube.com/watch?v=oSGpTpQfaJQ

    http://88energy.com/
    Price/Quotes via ASX:
    http://www.asx.com.au/asx/research/company.do#!/88E

    WKN: A14PRT
    ISIN: AU00000088E2

    In November 2014, 88 Energy entered into a binding agreement with Burgundy Xploration (BEX) to acquire a significant working interest in a large acreage position on a multiple objective, liquids rich exploration opportunity onshore Alaska, North America – Project Icewine.

    In November 2015, the gross acreage position was expanded by 172,937 acres to 271,119 contiguous acres (210,250 acres net to the Company).

    The Project is located on an all year operational access road with both conventional and unconventional oil potential. The primary term for the State leases is 10 years with no mandatory relinquishment and a low 16.5% royalty.

  4. #4

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    3,6 Billions Barrel Potentials $ Icewine Project $ Watch current Video: https://www.youtube.com/wa

    WKN: A14PRT
    ISIN: AU00000088E2

    Watch current Video: https://www.youtube.com/watch?v=oSGpTpQfaJQ

    http://88energy.com/
    Price/Quotes via ASX:
    http://www.asx.com.au/asx/research/company.do#!/88E

    $$$ NEWS $$$

    Investor Presentation & Price sensitive announcement Icewine 2 Well Design Complete & Prelim 2D Seismic Results

    http://www.asx.com.au/asxpdf/2016090...6mz9wmhznq.pdf

    http://www.asx.com.au/asxpdf/2016090...6pqptt2pm7.pdf

    GLTA Longs

  5. #5

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    88 Energy Designs Icewine-2 Well To Lower Costs By USD5 Million [ 05 Sep 2016 10:11 ] LONDON (Allia

    88 Energy Designs Icewine-2 Well To Lower Costs By USD5 Million
    [ 05 Sep 2016 10:11 ]

    LONDON (Alliance News) - 88 Energy Ltd Monday said it has finalised the design for the Icewine-2 with its joint venture partner on the project onshore North Slope of Alaska, which should allow the pair to test production potential, possibly allow the resource to be upgraded and lower costs.

    88 Energy shares were down 21% to 2.60 pence per share on Monday morning.

    88 Energy and Burgundy Xploration have agreed that a vertical well with a multi-stage stimulation is superior to the initially proposed lateral well, stating the vertical design will allow them to test production potential of entire HRZ/HUE interval with the potential to upgrade the resource.

    The HRZ remains the premier reservoir and primary target for 88 Energy and the new well will also enhance dataset to help define location settings for future lateral wells, decrease the drilling risk associated with a more complex lateral completion, increase the availability of suitable rigs and enable a more competitive tender process and lower the estimated completion costs by USD5.0 million.

    "The revision to the well design has resulted in a best of both worlds scenario for 88 Energy and its shareholders. We now have a more efficient, lower cost outcome that optimises achievement of the operational objectives targeted by the Icewine-2 well," said Managing Director Dave Wall.

    Importantly, that cost reduction means 88 Energy is now "fully funded for the costs" associated with Icewine-2 from its current cash position, it said.

    The company added that the interpretation of the 2D seismic work in the Franklin Bluffs area is "progressing well" and said initial observations indicate the presence of seismic stratigraphic features, consistent with a potential basin floor fan play fairway. Further seismic interpretation and geological analysis is required to evaluate the exploration potential of this fairway, which could lead to the maturation of an attractive drilling portfolio.

    In addition, processing of the 2D data acquired this year by 88 Energy using vibroseis, over approximately two thirds of the Icewine project is nearing completion. Initial observations show the data is of a similar quality to the data from the Franklin Bluffs area and interpretation remains on schedule to commence in September 2016, with results to follow several weeks later.

    By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance

    Copyright 2016 Alliance News Limited. All Rights Reserved.

  6. #6

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    88 Energy Ltd to drill vertically in next Icewine shale well Tuesday, September 06, 2016 by Proactiv

    88 Energy Ltd to drill vertically in next Icewine shale well
    Tuesday, September 06, 2016 by Proactive Investors

    http://www.proactiveinvestors.com.au...ell-70859.html

    88 Energy Ltd to drill vertically in next Icewine shale well

    88 Energy Ltd (ASX:88E, LON:88E) has announced a change to its plans for the proposed Icewine 2 well in Alaska where it now intends to drill a vertical well rather than a more complex and more expensive lateral well.

    A vertical well is estimated to cost around US$5mln less to drill and the well can be paid for entirely from the group’s current cash position, the company told investors.

    It added that there is also greater availability of suitable drilling rigs for vertical wells, which means the tender process is more competitive.

    The well will still enable a multi-stage fracking program. Importantly, the vertical well will test both the HRZ and HUE shales at Project Icewine.

    The company added that as it will test the production potential of the entire HRZ/HUE interval there is potential for an upgrade to resources.

    It is also expected that a vertical well will enhance the group’s data and understanding, which will help identify other ‘landing zones’ for future lateral wells.

    “The revision to the well design has resulted in a best of both worlds scenario for 88 Energy and its shareholders,” said Dave Wall, 88 Energy managing director.

    “We now have a more efficient, lower cost outcome that optimises achievement of the operational objectives targeted by the Icewine#2 well.”

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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