88 Energy Limited (formerly Tangiers Petroleum Limited) is an ASX listed exploration exploration company that has recently announced the acquisition of a new, potentially world class oil asset located in Alaska. It also has a 25% stake in the Tarfaya Offshore Block is located on the Moroccan Atlantic margin and was acquired by the company in 2009.

Alaska-project-icewine

morocco

http://88energy.com/

Tangiers Petroleum's potential underlined by HB Markets; stock rated a speculative buy
Tuesday, 24 January 2012 – proactiveinvestors.co.uk (Web)

The current valuation of Tangiers Petroleum (ASX:TPT) could be a fraction of its true worth if indications from the company's independent competent person's report on the resources base turn out to be accurate.

This is the conclusion drawn by HB Markets, which initiated coverage of the Australian-listed oil and gas explorer with a speculative buy' recommendation ahead of its possible AIM listing next month.

Tangiers has two potentially company making assets – the Tarfaya oil block off the coast of Morocco – and highly prospective gas acreage off the coast of northern Australia.

Tarfaya has an un-risked prospective resource of 867 million barrels, with a high-end estimate of almost 5 billion.

In Australia, the company has discovered what it believes to be two huge gas finds Nova and Super Nova – sitting below already existing oil fields.

Based on work carried out by Schlumberger, Tangiers cites what it calls a "probabilistic estimate" of un-risked gas in place of 71 trillion cubic feet to 148 Tcf which makes the pair potentially huge on anyone's register.

"Tangiers Petroleum is in an early-stage of exploration and the risks that Tangiers does not find any commercially viable oil reserves are significant," said HB Markets analyst Donald Linderyd.

"However, if the indications from the CPR prove to be accurate, the current valuation of Tangiers Petroleum could be a fraction of its true value."

http://brokermandaniel.com/2012/02/03/tangiers-petroleum-one-for-the-chaps/

http://www.proactiveinvestors.co.uk/companies/news/38553/tangiers-petroleum-starts-trading-on-aim--38553.html

Interview with Tangiers chairman Mark Ceglinski.



http://www.proactiveinvestors.co.uk/companies/stocktube/1013/tangiers-petroleum-chairman-says-2012-will-be-busy-as-it-moves-towards-drilling-1013.html

http://www.proactiveinvestors.co.uk/companies/market_reports/38586/proactive-news-summary-tangiers-petroleum-avocet-mining-nyota-minerals-vane-minerals-longreach-oil-gas-0000.html

.

http://www.iii.co.uk/articles/25103/view-top-tangiers-petroleum

I have this on my watch list now dreamcatcher,been having a good read up.

Markymar, I think many investors have. Looks a very good company.

up 8.55%

Has been flying on the ASX, playing catch up here. UP 10%

Starting to rise.

http://www.moneyam.com/action/news/showArticle?id=4319684

Tangiers petroleum gets a mention here.



http://www.proactiveinvestors.com.au/companies/news/25965/african-dance-draws-major-oil-players-asx-companies-may-benefit-25965.html

http://www.proactiveinvestors.co.uk/companies/news/40248/tangiers-petroleum-shore-highlights-the-potential-of-explorers-assets--40248.html

http://www.moneyam.com/action/news/showArticle?id=4335742

ASX Trading Halt
PRNW


30 March 2012

TANGIERS PETROLEUM LIMITED

Tangiers Petroleum Limited (the Company) wishes to advise that the securities
of the Company have been placed in a trading halt on the Australian Securities
Exchange ("ASX") pending an announcement in relation to project results.

It is expected that an announcement will be released prior to the commencement
of trading on Tuesday, 3 April 2012 and that trading in its securities will
then resume on the ASX. The Company's shares will continue to trade on AIM
during this period.

up 15%

At long last the share has come alive. Good buying today.

Annual Report - http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6584026

up 24%

28% up

Having Some. Atrocity Exhibition





The more one reads the more one has to come to the conclusion that the anticpated news could very well be the "Company Making" news hinted at...

Old, but gets the blood pumping faster when read...

Tangiers Petroleum: Shore highlights the potential of explorer's assets
14th Mar 2012, 3:57 pm by Ian Lyall Tangiers recently completed its latest seismic campaign on the Tarfaya block, offshore Morocco City firm Shore Capital today initiated coverage on Tangiers Petroleum (LON:TPET, ASX:TPT), highlighting the potential of its assets.

Shore, which is joint broker to the group, didn't provide a price target for the stock.

However, analyst Craig Howie estimates the risked net asset value to be 126 pence a share.

At 3.30pm, Tangiers was changing hands for 33 pence a share.

Ahead of its listing on AIM last month the explorer raised US$6.35 million via a private placing, which leaves it well funded to pursue its near-term goals.

It owns potentially company-making assets in Morocco and Australia, where it also has a stock market listing. It is hoping to negotiate farm-in deals on both.

Tangiers recently completed its latest seismic campaign on the Tarfaya block, offshore Morocco.

The group holds a 75 per cent stake in the block, which has an un-risked prospective resource of 867 million barrels, with a high-end estimate of almost 5 billion.

In Australia, meanwhile, it owns 90 per cent of two potentially mega gas prospects in Australia’s Southern Bonaparte Sea, some 250 kilometres south-west of Darwin.

They are Nova and Super Nova and are sitting below already existing oil fields.

Based on work carried out by independent consultants Schumberger, Tangiers cites what it calls a “probabilistic estimate” of un-risked gas in place of 71 trillion cubic feet to 148 Tcf – which makes the pair potentially huge on anyone’s register.

“Tangiers is trading at a significant discount to our risked net asset value estimate of 126 pence a share, so we think that a tailwind of positive news flow could provide renewed share price momentum,” said Howie in a note to clients.

“Following the recent placing, a stable funding position mitigates concerns about potential dilution, to our minds, while the large number of prospects diversifies exploration risk and provides option value.”

dc keep pumping, when are you going to dump?

,

;

http://uk.finance.yahoo.com/q?s=TPET.L

Should know what the halt on the ASX is tonight. Good day today, very few sells.

http://www.proactiveinvestors.com/companies/news/27140/tangiers-petroleum-in-pre-open-pending-resource-results-announcement-27140.html

Also isable.....I bet not many people know that.......

http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6584424



3 April 2012
MILLIGANS FORMATION OIL PLAY
Highlights
• Competent Persons Report completed on Tangiers’ Milligans Fan oil play in
the Bonaparte Basin Permit Areas WA-442-P and NT/P81 by ISIS Petroleum
Consultants.
• Significant oil potential confirmed in 14 identified leads, 8 of which are
structural traps with 6 being a combination structural/stratigraphic in nature.
• The Milligans Formation has been intersected in previous offshore wells
which confirmed the presence of an active petroleum system including oil
recovery in Turtle-2 and oil and gas recovery in Barnett-2.
• Portfolio contains a combined gross mean unrisked oil in place (STOIIP) of
683 million barrels of oil with a high case of 1,489 million barrels of oil in
place.
• Gross mean unrisked Prospective Resources are estimated to be 218 million
barrels of oil with the high side case of 505 million barrels of oil.

The above news has given a rise of 8.16% to the share on the ASX

Fall of 13.79% on the sp today, after very good news. Need a farm-in partner or to raise cash. Will see how much of a retrace over the next few days then a few in an isa.

http://www.oldplc.com/news/opl-increases-tangiers-petroleum-target-price-to-150p-per-share/


Posted on Apr 3, 2012

Tangiers has received a Competent Persons Report (CPR) in respect of the Milligans Formation oil play on its WA-442-P and NT/P81 permit areas in Australia. The report by independent expert, ISIS Petroleum Consultants, is focused on a portfolio of 14 leads which ISIS estimates to contain unrisked oil in place of 615 mmbbls net to Tangiers.

The Milligans Formation represents very attractive upside for Tangiers as the company continues to high grade its Australian portfolio. We believe that the Milligans Formation play represents an additional 76p of upside at this early stage. Given that we anticipate Tangiers to farm down its interest in its Australian permits from 90% to 45% to fund a sustained exploration programme, we are attributing an additional 38p per fully diluted share to our valuation of Tangiers and we are upgrading our price target to 150p per share. We reiterate our BUY recommendation for the shares.

dc have you dumped these yet?

No halifax

h take it you read post 36. :-))

http://www.moneyam.com/action/news/showArticle?id=4346596

Tangiers Petroleum positive on Oz and Moroccan prospects
StockMarketWire.com
2011 has been a very significant year for Tangiers Petroleum - the Company has delineated further, significant prospectivity across its portfolio of assets in Australia and Morocco.

Worldwide petroleum consultants, Netherland Sewell and Associates completed an independent evaluation of the prospective oil resources for the initial four Jurassic prospects (Trident, TMA, Assaka, and La Dam) in Tarfaya and validated the oil potential in these prospects with a combined best estimate unrisked prospective resource of 867 million barrels of oil.

In addition, the Company has added to its exploration portfolio two top Jurassic prospects Zeus and Little Zeus, which are located inboard of its four lower Jurassic prospects, and an additional three prospects in the lower cretaceous Tan Tan interval along with multiple additional leads.

In late 2011, the Company commenced a 3D Seismic Acquisition program in its offshore Tarfaya Block. The Company successfully completed acquisition of a 670 square kilometre 3D seismic survey over primary prospects Trident, TMA, and Assaka in early January 2012. The data results are expected during mid-2012.

The Company is looking to complete a farm-out arrangement for its Morocco and Australian permits during 2012 to finance its multi-well exploration campaign in those regions.

At 8:34am: (LON:TPET) share price was 0p at 31p


Story provided by StockMarketWire.com

http://www.moneyam.com/action/news/showArticle?id=4353674

52nd Oilbarrel Conference - Thursday 10th May 2012

Presenting Companies Include:

Target Energy

Madagascar Oil

Tangiers Petroleum

TomCo Energy

Jacka Resources

http://oilbarrel.com/pub/articles/article_id-38

http://www.moneyam.com/action/news/showArticle?id=4358698

http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6589041

Want to load up on these at some point,how far will they drop is the question.

Waiting as well, the company has been very thin on news. Early days yet. A very good looking company for the future.

Totally agree there DC some great prospects,farm out news at some point i hope in the near future.

Very good time in the near future to take a position. Tend to think Range resources has not taken a position for nothing. Keeping a watch. News cannot be to far away
if they hope to drill this year. You had better not get them cheaper than me markymar.
:-))

Tangiers Petroleum's Mark Ceglinski discusses farm in opportunities in Morocco at One2One Forum
Thursday, May 17, 2012 by Proactive Investors
Mark Ceglinski, non-executive chairman of Tangiers Petroleum, presented at the One2One Forum in Melbourne on Wednesday. Proactive Investors brings you the Question and Answers between Mark and the audience. Tangiers Petroleum (ASX: TPT) is actively carrying out exploration on its Tarfaya block offshore Morocco and studies on its Bonaparte Basin permits off northern Australia.

Mark Ceglinski, non-executive chairman, fielded answers during Question Time at Proactive Investors’ One2One Forum in Melbourne, Wednesday 16th May.

The presentation on the night can be ACCESSED HERE.

The company recently completed a 670 square kilometre 3D seismic survey over the primary prospects at its Tarfaya block and is continuing analysis of 2D data over multiple leads within the shallower Lower Cretaceous intervals.

Tangiers has also revealed it is in discussions with potential farm-in partners including supermajors and large independents, for its projects in both Morocco and Australia.


Question from the audience

How junior are you going to go on your partner?

Mark Ceglinski

Just to give you some idea of both of these projects, we’re probably looking at two wells and some seismic in Morocco.

The wells are relatively cheap for offshore wells at $25 million per well so we’re looking at about a $60 million commitment there.

In Australia the shallow wells are about $25 million but we’re going to drill all the way down so that’s about a $60 million well, two wells, so you’re looking at in excess of $100 million drilling program. So if you don’t have a $100 million sheet that you can comfortably write out today don’t bother ringing us basically.


Question from the audience

How small would you go?

Mark Ceglinski

The sort of standard farm out terms that we’re throwing out there are two for one essentially. So we’d be comfortably happy to dilute about half our relevant interest so 75 to 37.5. We’ve got 90% of that major project in Australia down to 45. 37.5 or 45% of those projects is an extraordinary opportunity for us.


Question from John Phillips, chief operating officer of Proactive Investors

Just with Morocco, you’ve already secured the first mover advantage and we can see you have a very large acreage there and we do know major players are moving into Morocco. Do you already have any of those major players speaking to you about a farm-in?

Mark Ceglinski

Because of confidentiality agreements I can’t say who, but I can say we’ve got Tier 1 companies in our data room. So we have supermajors, majors, national oil companies and large independents, when I say large independents, billion dollar companies basically.


Question from John Phillips, chief operating officer of Proactive Investors

Great so you’re having a talk with the majors, can you please provide us with some further details?

Mark Ceglinski

We’ve got people in the data room working through all the information. We have some timelines in terms of when we’ll come to the bidding process.

The finalisation of the bidding obviously we’ll have to paper the deals and then we’ll actually be able to talk about them. But we’re engaged at the highest level, we’ve got tremendous reception to our projects.


Question from John Phillips, chief operating officer of Proactive Investors

Would we here an announcement about this in the next six to 12 months?

Mark Ceglinski

Oh absolutely. Sooner.


Question from the audience

The area in Morocco is so large, are you looking to split it up so you can get different farm-in partners for different areas?

Mark Ceglinski

That’s a possibility. When you look at the current projects or prospects that we have we’ve really only focused on the western side of our permit area.

There is certain prospectivity in here and this part of the block we don’t even know anything about it at this point in time, we’ve not spent any time looking at it. There’s just so many opportunities.

Stratigraphically, the tertiary triassic, there’s also many opportunities that we have not even looked at at this point in time. So theoretically it’s possible that we could have several partners. It’s more likely that we would have one partner who would want to have an interest in the entirety of the block.





http://www.proactiveinvestors.com.au/companies/news/29032/tangiers-petroleums-mark-ceglinski-discusses-farm-in-opportunities-in-morocco-at-one2one-forum-29032.html

Anyone interested in Tangiers this is well worth spending 9 mins of your time.
Fox- davies capital -analyst -talks about the business of oil in morocco.


http://www.proactiveinvestors.co.uk/companies/stocktube/1157/fox-davies-capital-analyst-talks-about-the-business-of-oil-in-morocco--1157.html

Recovering well up 10.89% today.

Results of Annual General Meeting


http://www.moneyam.com/action/news/showArticle?id=4379941

http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6591801

Riding out the bad economic news well to date.

TopStocks Interview : Tangiers Petroleum Ltd. : Mark Ceglinski and Tangiers
Andre Ferdinands, Managing Director of TopStocks Enterprises Pty. Ltd (TopStocks.com.au) interviews Mark Ceglinski, Executive Chairman of Tangiers Petroleum Ltd. - June 5, 2012.
No1 in a series of three videos . Next video 13th June - About the Morocco assets.

http://www.youtube.com/watch?v=utjxFxSisu0

Interview 2 In this interview (below), Mark talks about the Tangiers Petroleum Morocco Assets in detail and offers many charts and visuals to help with the story.
Interview 3 Will cover the assets Tangiers has in Australia and will be published in the week beginning June 18.

http://www.topstocks.com.au/stock_discussion_forum.php?action=show_thread&threadid=787884&postid=787884

Interview 3 Has Mark talking about the Tangiers Petroleum Australian Assets in detail and also offers many charts and visuals to help

http://www.topstocks.com.au/stock_discussion_forum.php?action=show_thread&threadid=790825#p790825

cheers Mr dreamcatcher.......still waiting to buy in at some point.

Early days yet
for this company.

http://www.proactiveinvestors.co.uk/companies/news/45803/morocco-a-magnet-for-savvy-oil-explorers-45803.html

http://www.saudigazette.com.sa/index.cfm?method=home.regcon&contentid=20120721130565

Saturday, 21 July 2012
Morocco lures most savvy oil explorers




RABAT — Geologists, engineers and company executives are new visitors to Morocco. And they are part of the transformation of the country, which has become a magnet for some of the world’s most savvy oil explorers.



The country is host to Total, Anadarko, Kosmos and Repsol as well of some of the smaller, more entrepreneurial groups such as Tangiers Petroleum, Pura Vida and Longreach Oil & Gas.

Fastnet Oil & Gas, which is essentially the team behind Cove Energy’s huge successes in Tanzania, this week announced it had farmed into offshore acreage in Morocco.

Meanwhile, the acquisitive Genel Energy, which is active currently in Kurdistan, another of the world’s oil hotspots, is reported to be on the cusp of closing a deal there.

The country is chronically under-explored, although that is changing with the latest influx of oil companies.

Yet there is oil and gas onshore, and a ready market (Morocco is a huge hydrocarbon importer).

However, the real pull internationally seems to be the nation’s offshore assets.

Tangiers reveals the Atlantic waters off Morocco could harbor a rich bounty.

It estimates the unrisked recoverable resource from its concession on the Tarfaya block could be anywhere

Geologists, engineers and company executives are new visitors to Morocco.
from 156 million barrels to an eye-popping 5 billion barrels. Pura Vida’s Mazagan permit area, meanwhile, could contain 3.2 billion barrels.

It bought Mazagan for A$3.5 million last October, and in doing so acquired some of the last remaining open acreage. This was quite a coup.


"Morocco needs to develop its oil industry, particularly its deepwater potential," said Pura Vida managing director Damon Neaves.

"To do this they need to attract the big companies into the country. They saw us as having the technology and expertise to do this: the modern seismic reprocessing techniques in particular.

"They saw us as a conduit to bringing in the big, deepwater operators to make the big investments required to pursue deepwater drilling."

The country’s burgeoning hydrocarbon wealth is obviously a pull, but there are other reasons why companies are flocking to Morocco.

The unrest that has swept the rest of North Africa has singularly failed to threaten the country, which is a parliamentary constitutional monarchy.


Meanwhile, the fiscal terms there for oil and gas producers are amongst the most attractive anywhere in the world.

The state receives 25 percent of any project and a five percent royalty if gas is produced, which rises to 10 percent for oil.

An unprecedented 10-year corporate tax holiday is offered upon discovery.


This means the government take is never more than 35 percent. Contrast this with Algeria, where the authorities take 92 percent and you can see why foreign investment is flooding into Morocco.

And under this regime, the economics of the smaller projects look very attractive.

Tangiers Petroleum holds a 75 percent stake in the Tarfaya concession (the remaining 25 percent is held by the state national oil company).

It has an un-risked prospective resource of 867 million barrels, with a high-end estimate of almost 5 billion. "It is not one prospect, it is multiple prospects and they are different types of prospects," said chairman Mark Ceglinski. The major event in Morocco will be the farm-in deal, with the partner expected to drill two wells before the year-end at an estimated "$25 million per hole".

Longreach Oil & Gas was one of the first movers in Morocco and has five licenses covering seven offshore blocks and 21 onshore blocks. That adds up to a huge land position covering 13 million acres containing 70 leads and prospects with significant hydrocarbon potential. — Agencies

Thursday the 23rd August 2012,
Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB (Charles Suite)



Proactive Investors One2One Hydrocarbon Investor Forum - London


http://www.proactiveinvestors.co.uk/register/event_details/157

31 July 2012
Report on Activities for the Quarter ended 30 June 2012

http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6598691

ASX Trading Halt
PRNW


1 August 2012

TANGIERS PETROLEUM LIMITED

Tangiers Petroleum Limited (the "Company") wishes to announce that its shares
have been placed in a trading halt on the Australian Securities Exchange




http://www.moneyam.com/action/news/showArticle?id=4419338



Tangiers Petroleum start survey on prospect in Morocco
StockMarketWire.com
Tangiers Petroleum is carrying out a seismic survey on its primary prospects within the Tarfaya Block, offshore Morocco.

The work is being undertaken by CGG Veritas. Work began in June and is expected to be completed by late October.

Rock properties utlised for the analysis are to be used to further evaluate prospective intervals in the Cretaceous and work will then begin on the Jurassic carbonate sections.

At 8:41am: (LON:TPET) share price was 0p at 23.75p

http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6599207

Tangier Petroleum issues equity
StockMarketWire.com
Oil explorer Tangiers Petroleum (LON:TPET) announces that it has completed a private placement book build to raise approximately AUD$0.85 Million through the issue of approximately 2.57 Million shares at AUD$0.33/GBP£0.22.

Investors from the United Kingdom and Australia participated in the offer. The proceeds of the placement are intended to be used for general working capital.

Application will be made for the placement shares to be admitted to trading on both the ASX and AIM. Trading in new shares is expected to commence on AIM/ASX on or around 14 August 2012.

At 10:32am: (LON:TPET) share price was +0.75p at 23p


Story provided by StockMarketWire.com

http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6599619

News due soon, on the rise

INVESTMENT EXTRA: Under-explored Morocco on the radar of oil companiesBy Ian Lyall
PUBLISHED: 22:32, 10 August 2012 | UPDATED: 15:18, 11 August 2012


AIM and ASX-listed Tangiers believes the Atlantic waters off Morocco could harbour a rich bounty.

It estimates the recoverable resource from its concession on the Tarfaya block could be anywhere from 156million barrels to an eye-popping 5billion barrels of oil.


http://www.thisismoney.co.uk/money/investing/article-2186720/INVESTMENT-EXTRA-Under-explored-Morocco-radar-oil-companies.html

New Petroleum Exploration Permit Granted
PRNW


14 August 2012

TANGIERS PETROLEUM LIMITED

Tangiers Granted New Petroleum Exploration Permit NT/P83, offshore Australia

Highlights

* Tangiers' awarded Petroleum Exploration Permit NT/P83 following successful
work program bid.

* Approximately 15,000 km2 added to Australian exploration portfolio.

* Permit is believed to be highly prospective for hydrocarbons based on
source and reservoir rocks of several age units.

Tangiers Petroleum Limited (ASX:TPT, AIM:TPET, "Tangiers" or "the Company") is
pleased to announce that it has received written confirmation from the National
Offshore Petroleum Titles Administrator (NOPTA) that the Company had been
successful in its work program bid and has been granted Petroleum Exploration
Permit NT/P83 (NT/P83). It is anticipated that NOPTA will cause a notification
of the grant to be published in the next edition of the Commonwealth Gazette.

NT/P83 (formerly Release Area NT P11-1) lies in the Arafura Sea to the north of
Melville Island and the Coburg Peninsula of the Northern Territory and is
approximately 100 kilometres north of Darwin (Figure 1), Australia. It
comprises and area of approximately 15,000km2 and is in waters shallower than
200 m.

A number of exploration wells have been drilled in the vicinity of the permit
with gas discoveries to the west in the wells Caldita-1, Lynedoch-1 and ST-1,
Lynedoch-2; and gas shows in the Beluga-1 well. Oil shows were encountered to
the east of the permit in the Kulka-1 and Tasman-1 wells. The large Evans
Shoals and Abadi gas fields are located to the west and northwest of the permit
in the Malita Graben-Darwin shelf area.

The permit lies in the Money Shoals Basin, a relatively undeformed Jurassic to
Cainozoic sequence that unconformably overlies the mainly Paleozoic rocks of
the Arafura Basin. Part of the acreage extends into the Arafura Basin with
folded and faulted Palaeozoic to lower Mesozoic rocks. The Golburn Graben is
also present in a portion of the permit and is a dominant northwest to
southeast Palaeozoic intra-cratonic rift basin. With several age units of
source and reservoir rocks, this permit area is expected to be highly
prospective for hydrocarbons.

The Company's proposed exploration program will initially focus on performing
geotechnical studies and the acquisition of 500km of 2D seismic data.

Mark Ceglinski, Executive Chairman of Tangiers Petroleum, commented, "The grant
of NT/P83 is a exciting step in furthering the Company's strategy to expand its
exploration portfolio and leveraging the Company's technical expertise to
identify potential leads and plays in areas believed to be highly prospective
for hydrocarbons. NT/P83 is an excellent complement to the company's existing
Moroccan and Australian acreage."

Qualified Person

The information in this announcement was produced by Mrs Margaret Hildick-Pytte
who is the Director of Exploration for Tangiers and Mr Brent Villemarette who
is an Executive Director of Tangiers. Mrs Hildick-Pytte holds a BSc and MSc in
Geology and is undertaking a MSc in Petroleum Engineering. She is a member of
SPE, AAPG, the SPWLA and PESA. Mr Villemarette is a petroleum engineer with
over 30 years of experience and is a member of the Society of Petroleum
Engineers. Mrs Hildcik-Pytte and Mr Villemarette have reviewed this
announcement and consent to its release. Terminology and standards adopted by
the Society of Petroleum Engineers ("SPE") "Petroleum Resources Management
System" have been applied in producing this document.

Under these standards:

"Undiscovered Oil Initially in Place" is that quantity of oil which is
estimated, on a given date, to be contained in accumulations yet to be
discovered. The estimated potentially recoverable portion of Undiscovered Oil
Initially in Place is classified as Prospective Resources, as defined below;
and

"Prospective Resources" are those quantities of oil or gas which are estimated,
on a given date, to be potentially recoverable from undiscovered accumulations

Look forward to drilling partners news and getting the drill turning.

Yesterdays news with some maps. Surprised at the sp fall today.

Tangiers Granted New Petroleum Exploration Permit NT/P83, offshore
Australia


http://clients2.weblink.com.au/clients/tangierspetroleum/archive/article.asp?asx=TPT&view=6600111

20 August 2012
TANGIERS PETROLEUM LIMITED - AUDIO BROADCAST
New Petroleum Permit NT/P83 Granted




20 August 2012
TANGIERS PETROLEUM LIMITED - AUDIO BROADCAST
New Petroleum Permit NT/P83 Granted
Tangiers Petroleum Limited (ASX:TPT, “Tangiers” or “the Company”) provides the
opportunity to listen to an audio broadcast with Mark Ceglinski, Executive Chairman and
Margaret Hildick-Pytte, Director of Exploration in relation to the newly granted petroleum permit
NT/P83.
To listen, copy the following details into your web browser:
brrmedia.com/event/102027
The presentation details are as follows:
Title: Tangiers Petroleum granted new petroleum permit NT/P83 offshore Australia
Speakers: Mark Ceglinski, Executive Chairman and Margaret Hildick-Pytte, Director of
Exploration
Live date: Mon, 20 Aug 2012 11:30am AEST


http://www.brrmedia.com/event/102027

http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6600702

Morocco - A magnet for savvy oil explorers
20th Jul 2012, 1:09 pm by Ian Lyall

http://www.proactiveinvestors.co.uk/companies/news/45803/morocco-a-magnet-for-savvy-oil-explorers-45803.html

I hope i dont miss the boat on this one.......when to buy in is the problem as money else where eg FOGL hmmmmm

Decisions, decisions marky lol. I hope your others come in for you and you get time to jump in here. Perhaps we will get some updates on Thursday. Good luck with your investing.

The directors of Dart Energy (ASX: DTE), Tangiers Petroleum (AIM: TPET) and New Zealand Energy Corp. (TSX-V, OTCQX : NZ) will be presenting:
Thursday the 23rd August 2012,
Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB (Charles Suite)

http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6600822

Tangiers Petroleum: Recent Morocco news flow "very positive", says broker

http://www.proactiveinvestors.co.uk/companies/news/47383/tangiers-petroleum-recent-morocco-news-flow-very-positive-says-broker--47383.html

Tangiers Petroleum receives exploration permit NT/P83 from NOPTA

http://www.equities.com/news/headline-story?dt=2012-08-29&val=425501&cat=energy

Rumours that Range resources has sold its 5% holding in Tangiers petroleum.

Hmmmm.........PL must want to buy shares in Range..........To get the SP up?

I still have to question why Range would want to sell shares in a company about to head North?...........Interesting

Await news, very interesting.

I'm not thinking straight........PL has probably made more on this Share than he has on his own company share........What price did Range buy Tangiers at?

Good question

Range Resources Limited announced that it has made a strategic investment in Tangiers Petroleum Limited. Tangiers Moroccan assets include the prospective offshore Tarfaya block. Range has subscribed for 5 million shares at AUD0.40 for a placement of AUD2 million, representing 5.7% of Tangiers expanded issued share capital.

$0.40 = 26 pence

Sounds like he paid 26 pence another great deal not mr pl. Thats if he has sold ofcourse

His management skills thus far are in question.............So who knows what he will say or do next.

Anyway, sorry for discussing PL.....We should be discussing how far North is Tangiers going?

Good article in this weeks investors chronicle about Morocco attracting attention from large industry players. Both Cairn energy and General energy have signed farm - in agreements this month with a consortium of smaller explorers for two deep water blocks offshore morocco. The consortium being san leon energy, serica energy and longreach oil and gas.
Tangiers petroleum seemed to have a large seller/sellers last week. Need some news on their farm- in agreements to recover the sp and to start to gain interest from investors.

Former Woodside Vice President appointed
Executive Chairman of Tangiers Petroleum

http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6603146

Mark Ceglinski and Graham Anderson have resigned as Executive Chairman and Non-executive
Director of Tangiers respectively, effective immediately.


Sounds like there has been management problems. We have had no news of the farm out drills, leaving the sp under pressure. Getting late for two drills this year. Just hope
the company gets its self in order and we do not have another Australian company like
Range resources with delayed time frames.

STOP KEEP TALKING THEN AND GET ON WITH IT!!!!!!!!!!!!!!!!

http://www.proactiveinvestors.co.uk/companies/news/47818/tangiers-petroleum-appoints-eve-howell-as-executive-chairman-47818.html

From the above -

Prior to joining Woodside in 2006, Howell was a senior executive with Apache.

“We intend to grow by using our combined skills, experience and contacts to acquire, explore and develop African assets,” said Howell.

Perhaps they are not going to develope the Australian assets ?

HALF-YEAR FINANCIAL REPORT
30 JUNE 2012

http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6603984

Tangiers Petroleum Limited (the "Company") wishes to announce that its shares
have been placed in a trading halt on the Australian Securities Exchange
("ASX") pending the release of an announcement. The shares in the Company will
continue to trade on the AIM market during this period.



http://www.moneyam.com/action/news/showArticle?id=4448401

Perhaps raising of equity due to the halt on the ASX . Lets hope this then leads on to a farm in partner and get the show on the road with an annoucement date of drilling.
Look forward to the share price recovery.

Tangiers Undertakes $5 Million Capital Raising

http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6604835

If this company can get its house in order, the interest in the area is now huge with big players moving in.

UPDATE: Pura Vida's Mazagan permit estimated to contain 7 billion barrels

http://www.proactiveinvestors.co.uk/companies/news/48294/update-pura-vidas-mazagan-permit-estimated-to-contain-7-billion-barrels--48294.html

sp (market) tells you more than dream-on's wishful thinking

.

you mean you are attempting the falling knife trick

more like the indian rope trick.

Lol , Lets see.

I'm playing my flute loud so they should rise with news soon.

that's for spitting cobras!

And spitting investors at the current sp price.

Tangiers to Raise up to $5.8m to Launch
Growth Strategy

http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6605007

A new investor Investor Presentation on the company site today -
September 2012


http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6605104

Tangiers vows to "hit ground running" as investors snap up fund raising


http://www.proactiveinvestors.co.uk/companies/news/48336/tangiers-vows-to-hit-ground-running-as-investors-snap-up-fund-raising-48336.html

Issue of Equity
PRNW


26 September 2012

TANGIERS PETROLEUM LIMITED

ISSUE OF SHARES

Tangiers Petroleum Limited (the Company) announces that it has issued 5,792,722
fully paid ordinary shares at a price of GBP£0.18 per share which makes up part
of the first tranche of the private placement announced on 24 September 2012.
The Company has applied for the new shares to be admitted to trading on both
the ASX and AIM markets. Trading in the new shares on AIM is expected to
commence on or around 27 September 2012.

Following the placement, the Company has the following securities on issue:

Number Class

113,089,582 Fully paid ordinary shares

44,149,645 ASX-listed Options (TPTOA) exercisable at A$0.16 on or before 31
October 2013

1,000,000 Unlisted options exercisable at A$0.22 on or before 19 July 2014

6,000,000 Unlisted options exercisable at A$0.60 on or before 16 December
2014

1,000,000 Unlisted options exercisable at A$0.22 on or before 16 December
2014

500,000 Unlisted options exercisable at A$0.50 on or before 2 April 2015

3,274,124 Unlisted options exercisable at A$0.60 on or before 2 April 2015

3,500,000 Unlisted options exercisable at A$0.70 on or before 2 April 2015

300,000 Unlisted options exercisable at A$0.70 on or before 10 April
2016

Price and volume query

http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6605603

Near term plans are to complete the farm-in process for its Moroccan and Australian assets,expected in the fourth quarter of this year and to move forward with the acquisition of approx 500 sq kilometer 3D seismic survey over its Australian WA-442-p and NT/p81 exploration permits. Additionally Tangiers is seeking opportunities to expand its presence in Africa.

Tangiers was a early mover to Morroco. As a result the management has been able to negotiate exceedingly favourable fiscal terms with the government. These include
a 10 year corporate tax holiday for each exploration discovery, no value added or goods and services tax, and the company will only pay 10% royalty on oil and 5% on gas.
Global offshore well density is approx 8o wells per 10,000 sq kilometres, while in Morroco its 1 well per 10,000 sq kilometres. There has been only 36 offshore wells drilled to date and just eight since 2000.

Tangiers Tarfaya block is located in the East Atlantic margin offshore north west Morocco and comprises of eight contiguous permits covering 11,282 sq kilometres with the average water depth of less thaan 200 metres. The block is situated within a proven petroleum system that contain all the essentials for hydrocarbon exploration,
source,trap,seal, migration and reservoir.

Tarfaya contains multiple prospects and leads including -

Four jurassic -aged prospects - Assaka,Trident,TMA and La Dam

Two prospects in the upper Jurassic - Little Zeus and Zeus

Emerging potential within the tertiary ,Cretaceous and Triassic formations.

Of the portfolio of prospects Trident is the largest with a best estimate of in excess of 400mm bbls


In Morocco international petroleum consultant Netherland, Sewell and Associates inc. have identified 4 prospects in Tangiers block and believes they contain unrisked best estimate resources of 867 million barrels . Thre high case estimate puts the prospective resource potential of all four prospects at over 4.5 billion barrels of oil.

In Australia , isis consultants have to date provided an independent assesment of the resource potential which currently stands at 200 million barrels of oil and multi trillion cubic feet of gas potential.

Share Purchase Plan

#http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6606613

Tangiers Petroleum "in right place at right time"
12:53 pm by Philip Whiterow The Tarfaya permit contains eight under-explored licences that together are around one-third the size of the UK Southern North Sea. Morocco and Australia-focused Tangiers Petroleum (LON:TPET, ASX:TPT) is in the right place at the right time according to broker Peel Hunt, which has kicked off coverage with a buy note and 55p target.

In particular, Peel Hunt sees the Moroccan acreage as a likely short-term value driver given recent farm-ins by Cairn Energy and Genel Energy into adjacent licences. As well as underlining the area as prospective for hydrocarbons, thier interest also provides high quality industry endorsement,

Tangiers has a 75% operated interest in the 15,000 sq km offshore Tarfaya permit and is in a good position to conclude a farm-out on attractive terms, the broker said.

The Tarfaya permit contains eight under-explored licences that together are around one-third the size of the UK Southern North Sea. With an oil discovery nearby, hydrocarbon shows in a number of wells and an oil shale mine onshore, the permit is definitively located on top of an active, working petroleum system, said Peel Hunt.

A number of prospects have been mapped that cover two separate geological periods (Jurassic and Cretaceous) and the Jurassic prospects alone have a combined P50 unrisked prospective resource of 867MMbbls.

Although currently not as high profile as the Moroccan acreage, Peel Hunt considers the Australian licences to be equally as prospective from a geological standpoint. A farm-out process is also under way and a deal could be concluded in the first half of 2013.

On a risked adjusted estimate of the exploration upside, Peel Hunt has come up with a value of £569m or 332p/share, but due to timing uncertainty and various exploration risks the target price is a heavily discounted 55p/share.

Shares are currently 23.05p.

Peel Hunt initiates coverage

http://tangierspetroleum.com/~/media/Files/T/Tangiers-Petroleum/Attachments/broker-analyst-reports/23-10-2012.pdf

http://tangierspetroleum.com/~/media/Files/T/Tangiers-Petroleum/Attachments/broker-analyst-reports/TPT%2029-10-2012.pdf

Quarterly Report for 30 September 2012
PRNW


30 October 2012

TANGIERS PETROLEUM LIMITED

Quarterly Report for Period Ending 30 September 2012

The Board of Tangiers Petroleum Limited is pleased to provide the following
commentary on its activities during the quarter ended 30 September 2012. A copy
of the full quarterly report, including the diagrams referred to in the text
and the Appendix 5B (Quarterly Cash Flow Report), is available on the Company's
website at www.tangierspetroleum.com

September 2012 Quarter - Highlights

Corporate

* The Tangiers Board was reshaped on 7 September 2012, as Eve Howell was
appointed Executive Chairman and Max de Vietri appointed Non-executive
Director, joining existing Executive Director Brent Villemarette; the move
was designed to strengthen management's oil and gas experience.

* The Company is in the process of implementing a new strategy which will
expand Tangiers' focus on African opportunities.

* The Company announced an AUD 5.8 M raising on 24 September which will be
used to underpin the aforementioned African growth strategy.

Africa: Morocco - Tarfaya Offshore Block

* Processing of the 677 km2 Assaka 3D seismic survey, which covers three of
the Company's primary prospects Trident, TMA, and Assaka, is progressing
with completion expected in late November 2012.

* Test lines extracted thus far from the survey demonstrate the overall data
quality is excellent and confirm the large Jurassic structures

* Preliminary mapping of rollover anticlines in Triassic grabens underlying
the Jurassic section has identified the presence of large structures;
Tertiary, Cretaceous and additional Triassic age sections will be further
evaluated in the coming months.

* Organic geochemical analysis of oils, cores and outcrop samples has
identified at least three and possibly four source rocks for the
hydrocarbons in the Tarfaya area; Jurassic and Cretaceous source rocks are
present and are viewed to be capable of generating two distinct families of
oils.

* Macquarie Capital (Europe), acting in the capacity of financial adviser for
Tangiers, opened a physical data room in London in early June in order to
provide potential farminee partner(s) access to seismic data, Independent
Resource and Competent Person's Reports, and all available well data
relating to the Tarfaya Block.

* There has been substantial interest from potential farm-in partners for the
Tarfaya Block aided by the fact that farm-ins to two nearby licenses have
been recently announced; the Company expects to complete the process by the
end of 2012.

* Application was submitted to the Moroccan Ministry to enter into the First
Extension Period of the Tarfaya Exploration Permit effective from August
2012 and extending for a period of two years.

Australia: WA-442-P and NT/P81 Exploration Permits

* ISIS Petroleum Consultants (ISIS), which was engaged by Tangiers to secure
a farm-in partner for the WA-442-P and NT/P81 Exploration Permits,
continues to entertain potential candidates in the physical data room
located in Perth.

* The Company is seeking a partner to promote future 3D seismic acquisition
and exploration drilling programmes within the two Exploration Permits.

* The focus is on the 14 Early Carboniferous age Milligans Fan oil play
leads, the Nova deep gas prospect, the Super Nova deep gas lead as well as
the potential shallower Turtle Barnett oil development.

* ISIS has prepared a Competent Persons Report for the 14 Milligans Fan leads
which provides a combined estimate of gross unrisked mean Prospective
Resources of 218 million barrels of oil with a high side case of 505
million barrels of oil.

* Additionally, a CPR prepared by ISIS for the Nova prospect provides an
estimate of gross unrisked mean Prospective Resources of 3.46 trillion
cubic feet of gas with a high side case of 7.83 trillion cubic feet of gas.

* Tangiers has been pleased with the level of interest seen thus far from
potential farminees and expects to complete the process by the end of 2012.

* An environmental study is ongoing in advance of the 3D seismic acquisition
programme to be acquired within the WA-442-P and NT/P81 Exploration Permits
with completion expected by the end of 2012.

* Tenders have been received for the acquisition of an approximate 500 km2 3D
survey overlapping both permits and are presently being evaluated.

Australia: NT/P83 Exploration Permits (Arafura Sea)

* Tangiers was awarded the NT/P83 Exploration Permit in August 2012.

* The 15,540 km2 permit is believed to have prospectivity in Palaeozoic and
Mesozoic sediments and is located some 120 km north of Darwin in the
Arafura Sea in water depths of less than 200 m.

* The acreage is surrounded by wells with oil and gas shows and the large
Evans Shoals and Abadi Gas Fields are located to the northwest of the
block.

* The initial plan is to acquire 500 km of 2D seismic data over the area.

Tarfaya Offshore Block - Morocco (75% and Operator)

The Tarfaya Block, offshore Morocco, is comprised of 8 contiguous permits and
presently covers an area of 11,281 km2 (approximately 2.8 million acres)
following the mandatory 25% relinquishment as Tangiers successfully completed
the Initial Work Period and now enters into the First Extension Period. The
Tarfaya Block is situated approximately 600 km southwest of Morocco's capital
Rabat, inshore from the Canary Islands on Morocco's Atlantic Margin. The Block
contains multiple prospects and leads within the Jurassic and Cretaceous
sediments as well as emerging potential within the Tertiary and Triassic
Formations.

Processing of the 677 km2 Assaka 3D seismic survey by CGG Veritas is ongoing
with early results indicating the data quality is excellent. Completion of the
processing programme is expected by late November 2012. The Assaka 3D survey
encompasses three of the Tarfaya Block's primary prospects, Trident, TMA, and
Assaka, which have been independently assessed by ISIS and NSAI to have a
combined best estimate gross unrisked prospective resource of 758 million
barrels of oil (with Tangiers' attributable interest 568m bbls). The four
primary prospects certified thus far by ISIS and NSAI within the Tarfaya Block
now all have been covered with 3D seismic data. The La Dam prospect with a best
estimate gross unrisked prospective resource of 110 million barrels of oil
(with Tangiers' attributable interest 82m bbls) has previously been covered by
a 580 km2 3D seismic survey acquired in 2006 and reprocessed in 2011.

The Company continues to focus exploration efforts towards maturing leads
identified within the shallower Lower Cretaceous Sands, Upper Jurassic dolomite
horizons, and rollover anticlines in Triassic grabens underlying the Jurassic
section. Preliminary mapping of these Triassic grabens has thus far identified
the presence of large structures. In the coming months additional Triassic age
sections as well as Tertiary and Lower Cretaceous formations will be evaluated.

Macquarie Capital (Europe) acting in the capacity of financial adviser for
Tangiers opened a physical data room in London in early June in order to secure
a farm-in partner for the Tarfaya Block and facilitate the Company's future
exploration drilling programme. The process is well advanced and has been very
well received with several potential farminees having expressed a strong
interest in this farm-in opportunity. The interest was further enhanced by the
recent announcements of farm-ins by Cairn and Genel to two nearby licenses.
Tangiers expects to complete the process by the end of 2012.

WA-442-P (Turtle) and NT/P81 (Barnett) (90% and Operator)

These two contiguous Exploration Permits encompass 3900 km2 and are located
approximately 20 km offshore in the southern, shallow Federal waters off of the
northern Western Australia and Northern Territory coasts, approximately 320 km
southwest of Darwin. The permits are located in relatively shallow water with
depths of less than 60 m and are covered with extensive 2D and modest 3D
seismic data.

Situated southeast of the producing Blacktip gas field, these two permits offer
multiple play types. There is an oil play in the Early Carboniferous Milligans
Fan horizon, an exciting new deeper gas play concept within the Early Paleozoic
intervals, and the Carboniferous to Permian undeveloped Turtle and Barnett oil
fields with the Messner and East Barnett oil leads at the same interval.

ISIS Petroleum Consultants has prepared a CPR for 14 leads identified in the
Early-Mid Carboniferous Milligans Fan oil play. ISIS estimates the combined
gross mean unrisked undiscovered oil-in-place to be 683 million barrels (615m
bbls attributable to Tangiers) with a high side of 1,489 million barrels (1340m
bbls attributable to Tangiers). The combined estimate for gross unrisked mean
Prospective Resources for the 14 leads is 218 million barrels of oil (196m bbls
attributable to Tangiers) with a high side case of 505 million barrels of oil
(506m bbls attributable to Tangiers). The Milligans interval has produced oil
and gas on drill stem tests of two well penetrations, Turtle-2 and Barnett-2,
within the WA-442-P and NT/P81 Permit Areas. This serves to confirm the
presence of an active petroleum system at this horizon.

The deeper gas play consists of two very large structures, Nova and Super Nova.
These structures are believed to be located within Devonian aged sediments
below the mapped Top Bonaparte horizon and underlie the Turtle and Barnett oil
fields. An independent evaluation and CPR prepared by ISIS on the Nova prospect
provides a gross mean unrisked undiscovered gas-in-place estimate of 6.93
trillion cubic feet of gas (6.24tcf attributable to Tangiers) with a high side
case of 15.70 trillion cubic feet of gas (14.1tcf attributable to Tangiers).
The corresponding estimate of gross mean unrisked Prospective Resources is 3.46
trillion cubic feet of gas (3.11tcf attributable to Tangiers) with a high side
of 7.73 trillion cubic feet of gas (6.96tcf attributable to Tangiers).

The shallower undeveloped Turtle and Barnett oil fields were discovered in 1984
and 1985, respectively. Multiple oil bearing reservoirs have been encountered
within the Carboniferous to Permian Keyling, Treachery, Kuriyippi, Tanmurra and
Milligans formations. Three wells tested oil with the Barnett-2 well having
flowed up to 921 barrels of oil per day on jet pump from the Early Permian
Lower Treachery Sandstone. The crude oil was of excellent quality at 38.6° API
gravity. Engineering and reservoir studies have been undertaken to assess
suitable development concepts.

Tangiers is seeking a farm-in partner to promote future 3D seismic acquisition
and exploration drilling programmes within the WA-442-P and NT/P81 Exploration
Permits. ISIS Petroleum Consultants (ISIS) has been managing the ongoing
process and continues with presentations to potential candidates in the
physical data room located in Perth. Tangiers has been pleased with the level
of interest seen thus far from potential farminees and expects to complete the
process by the end of 2012.

NT/P83 Exploration Permit, Offshore Darwin, Arafura Sea (100% and Operator)

Tangiers acquired the NT/P83 Exploration Permit (formerly NT P11-1) located
some 120 km north of Darwin in the latest bidding round for offshore acreage
that closed on 12 April 2012. The permit was awarded to Tangiers in August 2012
and covers 15,540 km2 in water depths of less than 200 m. No wells have been
drilled in the block although there have been shows of hydrocarbons in wells
drilled to the east and west of the block. The large Evans Shoals and Abadi Gas
Fields are located to the northwest of NT/P83. Evaluation by Tangiers Petroleum
has shown that there are three main play types in the block. There are
Palaeozoic subcrop and deep anticlinal closures, Jurassic reactivated tilted
fault blocks and inversion structures, and Cretaceous clastic stratigraphic
plays in prograding shelf sands of the Puffin Formation and Darwin Radiolarite.
During the first phase of the exploration program, the focus is on acquiring
approximately 500 line km of 2D seismic data.

ATP-587-P Cooper/Eromanga Basins, Onshore Queensland (100% and Operator)

ATP-587-P consists of 12 Blocks to the west of the Thomson River between
Stonehedge and Jundah southeast of Longreach and covers approximately 946 km2.
The company is currently assessing its long term plans for this permit which
include potential relinquishment.

Qualified Person

The information in this announcement was produced by Mrs Margaret Hildick-Pytte
who is the Director of Exploration for Tangiers and Mr Brent Villemarette who
is an Executive Director of Tangiers. Mrs Hildick-Pytte holds a BSc and MSc in
Geology and is undertaking an MSc in Petroleum Engineering. She is a member of
SPE, AAPG, the SPWLA and PESA; and is a Fellow of the London Geological
Society. Mr Villemarette is a petroleum engineer with over 30 years of
experience and is a member of the Society of Petroleum Engineers. Mrs
Hildick-Pytte and Mr Villemarette have reviewed this announcement and consent
to its release.

Terminology and standards adopted by the Society of Petroleum Engineers ("SPE")
"Petroleum Resources Management System" have been applied in producing this
document.

Under these standards:

"Undiscovered Oil Initially in Place" is that quantity of oil which is
estimated, on a given date, to be contained in accumulations yet to be
discovered. The estimated potentially recoverable portion of Undiscovered Oil
Initially in Place is classified as Prospective Resources, as defined below;
and

"Prospective Resources" are those quantities of oil or gas which are estimated,
on a given date, to be potentially recoverable from undiscovered accumulations.

KRYSTEL KIROU

Tangiers Petroleum shares rise after busy quarter
10:58 am by Jamie NimmoTangiers still expects to complete to find a farm-in partner for its Moroccan acreage by the end of 2012



Shares in Tangiers Petroleum (LON:TPET, ASX:TPT) rose after it updated investors on a busy quarter for the oil and gas firm.

The company rounded up a period that saw a board reshuffle, the implementation of a new strategy to focus more on Africa, as well as a A$5.8 mln raising last month, which will be used to underpin the African growth strategy.

Tangiers has a 75% operated interest in the 15,000 sq km Tarfaya permit offshore Morocco and it is currently carrying out a 3D seismic survey covering three of the company’s prospects, which is expected to be finished by the end of November.

The company, which also has assets in Australia, says the farm-out process is “well advanced has been very well received with several potential farminees having expressed a strong interest in this farm-in opportunity”.

It still expects to find a farm-in partner by the end of 2012.

Tangiers is also looking for a farm-in partner for its two Australian exploration permits and it is pleased with the level of interest seen so far, with a deal also expected to be completed by the end of the year.

An environmental study is underway ahead of the 3D seismic acquisition programme.

Last week, Peel Hunt initiated coverage on the company with a ‘buy’ rating and 55 pence price target.

The broker said it sees the Moroccan acreage as a likely short-term value driver given recent farm-ins by Cairn Energy (LON:CNE) and Genel Energy (LON:GENL) into adjacent licences.

Shares lifted 3.1% to 24.75 pence today.

Report on Activities for the Quarter ended 30 September 2012- from the company site, more detail with maps/diagrams.

http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6611149

The sp may drop sub 20p between now and the AGM mid November. The last of the placing amount of shares (18p) then can be placed on the market . Then we should have some news of partners.

From the advfn board

Ktm450
6 Nov'12 - 09:19 - 235 of 235


Guys ,
Spoke with Eve last week, she is extremley confident we will see the first JV for Morocco before the EGM and the 2nd before the years out.I dont think we will be waiting till after the EGM as alot of people think.

The common thought in Oz is this stock will easily hit 80c on the first , and over 1.20 on the second, throw in some upgraded 3d which Eve said is looking super positive and who knows what how far in the short term.

Not sure if you are aware but its very bullish here, but we have been held down by AIM traders buying on AIM and selling on ASX for a small percentage.

Its been happening for weeks now, otherwise there are practically none for sale in OZ, this is very tightly held !

They have also been Stacking and controlling prices, The Company is well aware and the ASX has been informed

If this wasn't the case this share would no doubt be in the 50's at present

SSP

Okay the SSP , just so you know theres only 800k of shares to us , with the amount of subscriptions , its looking like we will be lucky to get 5000 shares each, hardly a worry. Also the Strategic Investors are mainly instos which are chasing bigger profits than just a few percentage

Peel Hunt

Well they liked there own report so much they have bought 2.2 % of the company

Personally I think you are taking a big risk if you think you will buy in at 18p
With a JV due literally any day , I really dont think its worth it


Good luck to all, its going to be a cracker next month

Strong buying up 7%

Tangiers raises $2m in heavily over-subscribed SPP

http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6612891

Up 7% on the ASx last night, looks like a follow here

You spoke to soon dreamcatcher.......keep an eye on caza as on move,i expect good news in the next few days.

Happy here marky, news any day soon on farm in partners

up 8.5%

Am just in front of you by a 1% dream with caza today...haha good luck to you

You want a race you have one. lol

Ended 12.3% up

Ha....13.11% up .....more tomorrow

War it is then. :-)) Good luck marky.

That it is Mr dream cocktail sticks at dawn

I will have my RNS tom or Monday WITH A 15%+ RISE+ from today

Pint on it

I should be ramping my thead....so ramping yours its two pint v 1

A pint on it lol wow, right then, up 11.25% on the ASX today. :-))

In yesterdays Telegraph "Tangiers Petroleum jumped amid speculation that the company may soon announce a farm-out agreement in Morocco".

Mr D it looks like i have a sharper cocktail stick today CAZA is 11.59% up.........still no news.

lol, up 5.94%

Aha!!!!!!!!

You win today, then your cocktail stick will be dust. lol Well done on yours.

Issue of Equity
PRNW


14 November 2012

TANGIERS PETROLEUM LIMITED

ISSUE OF SHARES

Tangiers Petroleum Limited (the Company) announces that it has issued 7,137,216
fully paid ordinary shares under the Share Purchase Plan ("SPP") as previously
announced on 3 October 2012. The Company has applied for the new shares to be
admitted to trading on both the ASX and AIM markets. Trading in the new shares
on AIM is expected to commence on or around 16 November 2012.

Following the placement, the Company has the following securities on issue:

Number Class

122,554,576 Fully paid ordinary shares

44,149,645 ASX-listed Options (TPTOA) exercisable at A$0.16 on or before 31
October 2013

1,000,000 Unlisted options exercisable at A$0.22 on or before 19 July 2014

6,000,000 Unlisted options exercisable at A$0.60 on or before 16 December
2014

1,000,000 Unlisted options exercisable at A$0.22 on or before 16 December
2014

500,000 Unlisted options exercisable at A$0.50 on or before 2 April 2015

3,274,124 Unlisted options exercisable at A$0.60 on or before 2 April 2015

3,500,000 Unlisted options exercisable at A$0.70 on or before 2 April 2015

300,000 Unlisted options exercisable at A$0.70 on or before 10 April
2016

Would not touch this share with a barge pole.
So many options issued - for who's benefit - probably just directors.
Show a complete lack of respect /appreciation for fully paid shareholders.
Looks to me like the directors are in this for entirely themselves and using
shareholders as a cheap way of gearing up their own finances.

Shareholders should get out of this options rip off. I do not hold any for sure.
Have they found any oil etc. Are the directors so brilliant.

Any comments.

Would not touch this share with a barge pole.
So many options issued - for who's benefit - probably just directors.
Show a complete lack of respect /appreciation for fully paid shareholders.
Looks to me like the directors are in this for entirely themselves and using
shareholders as a cheap way of gearing up their own finances.

Shareholders should get out of this options rip off. I do not hold any for sure.
Have they found any oil etc. Are the directors so brilliant.

Sell Sell Sell Sell Any comments.

The options - They are phased over several years . My view if the oil is found that is thought to be in place and the share price follows, cannot see the problem of the directors options. 44m options converted will leave the company with about $7.7 million

November 16, 2012
General Meeting Chairman’s Address

http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6614018

16 November 2012
GENERAL MEETING RESULTS

http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6614118

Issue of Equity
PRNW


22 November 2012

TANGIERS PETROLEUM LIMITED

ISSUE OF EQUITY

Tangiers Petroleum Limited (the Company) announces that it has issued
10,000,000 fully paid ordinary shares at a price of GBP£0.18 (A$0.28) per
share. This makes up the second tranche of the private placement announced on
24 September 2012 and is in accordance with Resolution 6 approved at the
General Meeting held on 16 November 2012. The Company has applied for the new
shares to be admitted to trading on both the ASX and AIM markets. Trading in
the new shares on AIM is expected to commence on or around 23 November 2012.

The Company has also issued stock options to brokers of the Company, of which
the details are as follows:

Number Terms Expiry Date Purpose

213,733 Unlisted options ex at GBP£ 19-Nov-15 Broker options approved at
0.256 General Meeting held on
16-Nov-12

487,230 Unlisted options ex at GBP£ 19-Nov-15 Broker options approved at
0.242 General Meeting held on
16-Nov-12

Following the above issues, the Company has the following securities on issue:

Number Class

132,554,576 Fully paid ordinary shares

44,149,645 ASX-listed Options (TPTOA) exercisable at A$0.16 on or before 31
October 2013

1,000,000 Unlisted options exercisable at A$0.22 on or before 19 July 2014

6,000,000 Unlisted options exercisable at A$0.60 on or before 16 December
2014

1,000,000 Unlisted options exercisable at A$0.22 on or before 16 December
2014

500,000 Unlisted options exercisable at A$0.50 on or before 2 April 2015

3,274,124 Unlisted options exercisable at A$0.60 on or before 2 April 2015

3,500,000 Unlisted options exercisable at A$0.70 on or before 2 April 2015

300,000 Unlisted options exercisable at A$0.70 on or before 10 April
2016

213,733 Unlisted options exercisable at GBP£0.256 on or before 19
November 2015

487,230 Unlisted options exercisable at GBP£0.242 on or before 19
November 2015

8% up news due ?

Climbing before farmout news

strong buying now

27 November 2012
Tangiers relinquishes Queensland block to focus on
African Growth Strategy



http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6615645

moving up now

UPDATE: Tangiers Petroleum sharpens focus on Morocco
1:36 pm by Jamie AshcroftThe Moroccan acreage is rising in prominence, Shore Capital says



---Adds background and broker comment---

Tangiers Petroleum (LON:TPET) this morning confirmed it has now dropped its legacy exploration assets onshore Australia.

The company is focussed on growth opportunities in Africa, specifically offshore Morocco. And it is currently pursuing a farm-out deal for its offshore Morocco assets, as well as its projects offshore Australia.


“These measures, combined with the recent capital raisings, are aimed at enabling the company to step-up its search and analysis of onshore and shallow water acquisition and farm-in opportunities in Africa,” Tangiers said in a statement.


The company explained that the relinquished Cooper-Eromanga Basin exploration permit was a legacy asset where exploration had not been advanced significantly.


Tangier’s shares edged around 1.5% higher on AIM today, to trade at 30.25p each.


The company’s key asset is the 75% operated interest in the 15,000 sq km Tarfaya permit, offshore Morocco, and it is currently carrying out a 3D seismic survey covering three of the company’s prospects, which is expected to be finished by the end of November.


In a note to clients today Shore Capital analyst Craig Howie said the Moroccan acreage is rising in prominence due to the intense industry interest being shown in country.

“Tangiers has a portfolio of high-impact exploration projects, with large working interests in two key areas,” he said.

“These have been high-graded through geophysical data interpretation and, with a seismic survey completed offshore Morocco, are ready to be farmed out.”


Howie said the projects aren’t without risk, but they offer significant potential across multiple leads and prospects.


“We continue to believe that the completion of farm-outs could provide a very important share price catalyst.”

UP close on 9%,talk of news early next week.

A buy in this weeks IC - Tangiers offers 10-bagger potential. With about $8m of cash as of October, Tangiers has the resources for its current research, but not for drilling wells. There is risk that Tangiers won't find a partner to cover its drilling costs or that a farm-out won't be completed on attractive terms. But those worries seem built into the share price. Broker RFC Ambrian thinks the Morroccan and Australian farm-outs have an even chance of being arranged, while it reckons the stock market assumes a one -in-five chance of success.
At 30p, Tangiers shares trade for less than half RFC Ambrians fully risked estimated value of 70p. In addition the broker calculates that, if a farm-out is successful and drilling turns up a 400m barrel oil discovery, then Tangiers share price could go to 540p by the end of 2013. Conversely , if a farm-out is still completed but no discovey is made, the price could fall to 12.5p. That equates to 10-bagger potential in less than two years, with a downside of 50%. Its risky and speculative, which is what oil exploration is all about, but those odds are enticing.

Offshore Morocco is attracting some of the worlds leading oil explorers to its under explored waters and is shaping up to be oils next big frontier play.
Anadarko petroleum,Kosmos Energy, Cairn Energy, Genel Energy and Repsol have all acquired offshore acreage, but oil and gas minnow TANGIERS PETROLEUM might just have the pick. It bought the 15,000sq km Tarfaya permit - an area about one-third the size of the Southern part of the UK North sea - in 2009 long before Morocco became a hot spot. Cairn and Genel have farmed into licences next to Tarfaya in the past few months ,confirming the oil industry's growing interest in the prospect and prompting investors attention. The companies plan to spend $100m on drilling in late 2013 and early 2014.
Kosmos is also planning to drill multiple wells on its nearby licence in 2013-14.
All this is good news for Tangiers . The company has delineated big drill targets on its permit based on 2D and 3D seismic data, and has opened a data room to lure in a partner. Importantly, three of the biggest reservoir targets are vertically stacked
so they could be tested with just one drill hole, saving a lot of exploration costs.
Independent consultant Netherland, Sewell and Associates estimates that prospective resources of the three targets could be 758m barrels of oil.
But Tangiers also recently shot further 3D seismic data that refines the targets ahead of setting up a farm -out. Its bosses expect to have processed the data by now and hope to have a deal signed by the end of the year. The company also anticipates signing a farm-out agreement for its lower priority offshore Australian licences around the same time.

ASX ANNOUNCEMENT
3 December 2012
CWH signs heads to farm CWH signs heads to farm CWH signs heads to farm
CWH is pleased to announce that it has entered into a non-binding heads of agreement with Tangiers Petroleum Limited (ASX:TPT) (Tangiers) in connection with an opportunity to farm in to exploration permits WA-442-P and NT/P-81 in the Bonaparte Basin located approximately 250km south-west of Darwin.

http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6616916

December 3, 2012
Tangiers enters into a farm-out agreement for
offshore Morocco

http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6616902

-9.52% on the ASX on the above news.

3 x RNS'S

December 3, 2012
Tangiers signs Heads of Agreement to farm-out WA
and NT blocks

http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6616901

Mid 2014 for drilling........

.

Options to be exercised before drilling even starts.

Perhaps a lot further to fall

Not invested here - keeping the thread up to date for those interested.


A buy in IC mag - Tangiers share price fell 27% after announcing the farm-outs.
The long term horizon before drilling may have deterred investors hoping for a quicker exploration drilling programme. The company has a clear path towards drilling now.

Investor
Presentation
December 2012

http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6618211

This has been ramped to hell on other bulletin boards.

Drilling will likely not be before Q2 2014 imv.

No reason imo to be buying or holding this in 2013, will be taking a bashing and could well fall down to cash levels in 2013, which is about 10p lower than the present share price.

One to avoid imo.

0.29 to sell in Oz now, thats below 19p.

Pro deramping this share at moment as he has gone short, i agree with him its a sell but its the endless posts not only on this thread but all the other web sites which makes him the spineless bloke he is.

I think the rampers are trying to do the same old trick - they hope the company is going to "promote" themselves by roadshows etc..

They hope that the company will release bigger POSSIBLE OIP figures.

So the rampers intended to do a big bulletin board ramp similar to CHAR, to keep pumping the share price up by ramping hoping to suck people in with ever increasing POSSIBLE OIP figures.

But as CHAR has now exposed - all the seismic in the world and all the increases you put on POSSIBLE OIP figures - sadly when the drill bit finds nothing commercial then its all blown out the window.

CHAR now trades below cash in the bank level even though their POSSIBLE OIP figure is massively than TPET.

So if you were looking for massive OIP figures backed up by cash at over the current share price - well, why are these rampers not buying CHAR ?

Seems they are already locked into TPET at higher prices and now are ramping like mad to try to get the price back up, so they can sell out.

Letter to Shareholders
PRNW


20 December 2012

TANGIERS PETROLEUM LIMITED

A NEW YEAR IS ABOUT TO BEGIN AND TANGIERS IS POISED TO GROW

Dear Shareholder,

With the festive season now well upon us, I would like to take this opportunity
to outline the significant progress your Company has made towards its goal of
building a substantial oil and gas group and the next steps it plans to take
along that path.

A little over 100 days have passed since Tangiers announced the Board
restructure in which I was appointed as Executive Chairman. This restructure
also saw the appointment of highly experienced geologist Max de Vietri as a
Non-executive Director, while Brent Villemarette continued as an Executive
Director.

To this end, the new Board immediately set about raising capital and
negotiating "farm out" arrangements which have covered virtually all of
Tangier's financial obligations on its existing acreage while retaining
valuable exposure for the Company should upcoming exploration programs be
successful.

In early September, your Company had commitments of over $70 million on its
exploration permits in Morocco and Australia, less than $1 million available to
spend and a market capitalisation of $28 million. Today, even at our current
relatively depressed share price of 32c, the market capitalisation is $42
million and on closure of the farm-out deals, the Company will have about $15
million in cash to contribute to new projects.

As well as generating some valuable cash, I believe these farm-out deals, which
cover Tangier's exploration acreage in both Australia and Morocco, have
delivered excellent outcomes for the Company in both the short and long terms.

The Moroccan farm-out brings in a valuable partner in Galp Energia. Galp has a
market capitalisation of ~$12 billion and operating experience in eight African
countries. It is a deepwater producer in Brazil and a fully integrated
petroleum company with interests in exploration, development, production,
refining, marketing and petrol stations.

Galp will fund the commitments (up to $33 million) that Tangiers previously had
for the period up to August 2014 as well as refund our past costs of $7.5
million. The full carry on the well costs is comparable to other deals in
surrounding permits, but the level of refund of past costs far exceeds the
amounts agreed in these same deals.

It is important to note that the well costs in our Tarfaya block will be
relatively low because of our ability to utilise a jack-up rig, typically
around half the cost of the floating rigs that will be required to drill in
some of the adjacent permits. Tangiers will retain a 25 per cent interest in
the Tarfaya offshore area following completion of the farm-in arrangements.

In Australia, a Heads of Agreement has been signed with CWH Resources Ltd and
we are now working on completing the definitive agreement. CWH will fund the
first $35 million of exploration expenditure in our WA-442-P and NTP/81
permits. This should cover most of our commitment of 3D seismic acquisition and
two wells. Tangiers will retain a 27 per cent interest in the permits.

CWH is an ASX-listed company with an extensive network in China, through which
CWH has arrangements to fund its exploration projects in Australia. CWH does
not intend to raise capital in Australia to fund the exploration programs but
will cover the costs through debt financing, some of which will come from the
$50 million it has recently secured for acquisition of resources projects in
the Northern Territory.

CWH also has other sources of funding through its major shareholders, which
have a variety of businesses in China including building materials, chemical
industries, investment companies, gas companies, manufacturing, logistics
companies, petroleum stations and more.

CWH has advised Tangiers that it has always been supported by these major
shareholders and the support is expected to continue into the future. CWH is
based in Chongqing, a major municipality in south-west China with a population
of ~30 million.

With the farm-out agreements relieving Tangiers of most of its financial
obligations on its existing assets, the Company is now ideally placed to pursue
the next leg of its growth strategy. This will involve identifying "farm-in"
and acquisition opportunities in Africa to grow our portfolio of exploration
and production assets.

This process is now underway, with the Board targeting onshore and shallow
water opportunities. These parameters recognise the Company's financial
resources, which realistically do not stretch to becoming involved in the deep
water exploration business that is predominantly a game for the deep pockets of
the petroleum majors.

The Board has a preference for oil exploration and production opportunities,
though it remains open to involvement in the gas industry provided key criteria
such as gas prices and nearby infrastructure meet its requirements.

I believe that the experience of the people within Tangiers, along with the
Company's ability to fund suitable farm-ins and acquisitions, will enable us to
capitalise on the opportunities in our chosen region of growth.

I look forward to reporting to you in the New Year on the finalisation of the
farm-out agreements and progress on sourcing new assets for the Company.

In the meantime, on behalf of the Tangiers Board, I wish you a merry Christmas
and a prosperous 2013.

EVE HOWELL
Executive Chairman

December 20, 2012
Notification of Cancellation of Shares
Tangiers Petroleum Limited (ASX:TPT, AIM:TPET, “the Company”) advises that following
shareholder approval at the General Meeting held on 16 November 2012 and at a Special
Meeting of Shareholders whose shares were to be cancelled, the Company has cancelled
2,125,000 fully paid ordinary shares.
Following the cancellation, the Company will have 130,429,576 fully paid ordinary shares
on issue. Attached is a copy of Form 484 lodged with ASIC today.

Tangiers Petroleum on look-out for onshore and shallow water opportunities
10:54 am The board is targeting onshore and shallow water opportunities, as it acknowledges that the company’s resources do not currently make it feasible to become involved in deep sea projects.

Eve Howell, who recently took over as chairman of Tangiers Petroleum, has sent an end of term report to the company’s shareholders.

It is little more than 100 days since the board was reconstituted, but the new management team has already raised funds through equity issues and negotiated farm out arrangements, all of which have covered most of Tangiers Petroleum’s financial obligations on its existing acreage.

“In early September, your company had commitments of over A$70 million on its exploration permits in Morocco and Australia, less than A$1 million available to spend and a market capitalisation of A$28 million. Today, even at our current relatively depressed share price of 32c, the market capitalisation is A$42 million and on closure of the farm-out deals, the company will have about A$15 million in cash to contribute to new projects,” Howell told shareholders.

In Morocco, the company’s partner Galp Energia will fund the commitments (up to A$33 million) that Tangiers previously had for the period up to August 2014 and will also refund Tangiers Petroleum’s past costs of A$7.5 million.

The well costs in the Tarfaya offshore block, in which Tangiers Petroleum will retain a 25% interest on completion of the farm-in arrangements, will be relatively low because of the ability to utilise a jack-up rig, which is typically around half the cost of the floating rigs that will be required to drill in some of the adjacent permits.

In Australia, ASX-listed CWH Resources will fund the first A$35 million of exploration expenditure on the WA-442-P and NTP/81 permits. This should cover most of Tangier Petroleum’s commitment of 3D seismic acquisition and two wells. Tangiers will retain a 27% interest in the permits.

Having got the farm-out arrangements done and dusted, the company is now focused on identifying farm-in and acquisition opportunities in Africa to grow its portfolio of exploration and production assets.

The board is targeting onshore and shallow water opportunities, as it acknowledges that the company’s resources do not currently make it feasible to become involved in deep sea projects.

The board has a preference for oil exploration and production opportunities, though it remains open to involvement in the gas industry provided key criteria such as gas prices and nearby infrastructure meet its requirements.

So its needs to fall by about 60% to get to fair value of cash in the bank then.



...........the market capitalisation is A$42 million and on closure of the farm-out deals, the company will have about A$15 million in cash to contribute to new projects,” Howell told shareholders................

What entry price are you looking for pro ?lol

I might get interested if it fell to about 8p to 9p levels - but above that its grossly overvalued in my view.

Oil was the flavour of the day among the brokers as they cast their eye over a flurry of news from the small cap sector.

Tangiers Petroleum (LON:TPET) could become a major player in the African E&P sector, according to broker Shore Capital.

Analyst Craig Howie’s note on the company comes as it revealed is intent to pick up onshore and shallow water assets in the continent having recently shored up its financial base.

“Tangiers is also looking to add new assets to its portfolio in Africa, focusing on low cost onshore and shallow water opportunities; with the funding position now significantly reinforced, we see considerable risked upside potential and scope for Tangiers to become a leading independent, African-focused E&P,” Howie said.

.............we see considerable risked upside potential and scope for Tangiers to become a leading independent, African-focused E&P,”..........



I have a Euro lottery ticket for tonight, based on that there is considerable potential upside for my finances in the future and scope for me to become one of the richest people.

Want to buy shares in me and my lottery ticket with this potential and scope ????????

LOL - meaningless words................ like IF and MAYBE

What else can they say ? They can hardly say they will hit oil. lol . You do best sticking to ramping trap oil . :-))


AGAIN I AM NOT INVESTED IN TANGIERS PETROLEUM.

UP over 5% today

With thses type of companies you can make money out of other people chasing the fever of a potential oil find it's just knowing when to get out unlike buying a lottery ticket.

Gumshoe, the thing is TPET are not drilling in all likelihood in 2013. So you have a long wait for the chase.......... LOL

MM's have been playing with stocks this week, bumping them up 5% and seeing if they can drum up some buying. Lots of people will only buy when they see the price up 5%, so the MM's duly oblige and they suck people in.......

Seen it on CHAR, FOGL, BLVN and many other oilers.........

Good rise today.

Up 5.5% today Mr PRO. LOL

Tangiers Petroleum expected to make significant progress, says Old Park Lane
2:34 pm by Giles GwinnettOperationally, the firm said a 3D seismic survey was completed over the Trident, Assaka and TMA prospects in the Tarfaya block, confirming these three as prospects

Old Park Lane Capital expects "significant" progress from Tangiers Petroleum (ASX:TPT, LON:TPET) in the next 12 months, driven by positive operational newsflow.

Earlier, the firm unveiled a quarterly report, when it highlighted two separate farm-out deals for its assets in Morocco and Australia struck last month.

Portuguese major Galp Energia is to take a 50% stake in the Tarfaya acreage, off the Moroccan coast, in a US$41mln deal, which includes a payment of up to US$7.5mln of Tangiers Petroleum’s past cost.

Tangiers will retain a 25% stake in Tarfaya and it will be carried for its share of exploration costs over the two year exploration period.

Tangier’s cash reserves will be further augmented by the return of a US$3 mln bank guarantee upon Moroccan government approval of the deal.

Meanwhile, also last month, in Australia, a A$35mln deal was struck, which sees CWH Resources (ASX:CWH) take a 70% stake in the company's exploration acreage off the coast of Western Australia and the Northern Territory.

Operationally, the firm said a 3D seismic survey was completed over the Trident, Assaka and TMA prospects in the Tarfaya block, confirming these three as prospects.

Tangiers recorded a net cash inflow of A$2.2 mln for the period, while as at December 31, it had net cash reserves of $4.2 million, excluding the US$3 million bank guarantee in Morocco.

Old Park analyst Barney Gray said: "The company is already well funded and substantial additional cash is anticipated upon the final approval for the Tarfaya farm-out from the Moroccan authorities."

He also noted: "Tangiers has strengthened its management with the appointment of Robert Dalton as CFO and the company looks set to move into the next tier of frontier explorers.

"Tangiers has brought strong partners into its core assets while retaining material interests in a portfolio of exploration activities that is now fully funded for the next two years. We anticipate significant progress over the next twelve months driven by positive operational news flow."


31 January 2013
QUARTERLY REPORT
Report on Activities for the Quarter ended 31 December 2012


http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6623014

DJ Carmichael - December Quarter 2012 Update

31 January 2013

TPT has completed a successful December quarter highlighted by the delivery of two material farm-out transactions. In addition, TPT s balance sheet has been significantly strengthened following a capital raising and the expected inflow of back-costs due following final approval of the Tarfaya farm-out to Galp. We believe TPT offers investors high leverage to significant exploration programs which will be fully funded (post approvals) and has a high calibre management team which has delivered material transactions in a short timeframe. We maintain our Speculative Buy recommendation with a slightly reduced price target of $1.55/sh.

Key Points:

Farm-outs reduce funding risk and provide attractive see-through value. TPT was successful in negotiating two material farm-out agreements in the December quarter which has reduced its near term funding risk and provided an attractive see-through value to TPT s assets. The two farm-outs are worth a total value of ~$76m for its Tarfaya offshore block, Morocco and its WA-442-P and NT/P81 blocks, offshore WA and NT, Australia. The total value of these farm-outs imply a see-through value of ~$0.25/sh to TPT which underpins a significant amount of TPT s current share price while providing investors with high leverage to major exploration programs which will be fully funded. Furthermore, TPT has retained a material interest across all permits post farmout (25% in Morocco and 27% offshore Australia).

Balance sheet strengthened. TPT took significant steps to strengthen its financial position during 2H CY2012 in which it completed a $7.2m capital raising (two tranche placement and Share Purchase Plan). At the end of the quarter, TPT had $4.2m cash which will be substantially increased on completion of the Galp farm-in agreement with $US7.5m in back costs and the return of a $3m bank guarantee resulting in a cash
position of over $14m. We believe this will place TPT is in an enviable funding position to further build its asset base.

Newsflow in 2013 to be driven by new ventures activity. We believe that despite the attractive farm-outs secured the market has been reluctant to provide fair value to TPT's share price. In our view this is due to the long dated expected drilling time for both Tarfaya offshore (1Q CY2014) and WA-442-P and NT/P81 blocks (1Q CY2014). However, management is advancing discussions on new venture opportunities supported by potential drilling activity in CY2013. We believe new venture acquisitions will be the key catalyst for TPT in 2013.

Management delivering. Since the appointment of Eve Howell as Executive Chairman, TPT has delivered two material farm-outs which have mitigated exploration funding commitments, significantly strengthened its balance sheet and is advancing new venture opportunities to further build its African focused asset portfolio. We believe management will continue to deliver value accretive transactions going forward resulting in material share price upside

Tangiers Petroleum reveals oil potential at Trident prospect in Morocco
Mon 04 Feb 2012
Tangiers Petroleum Ltd (DI) 21.62p -4.42%

FTSE AIM All-Share 738 -0.40%

LONDON (SHARECAST) - Tangiers Petroleum on Monday said seismic data confirmed its Trident prospect in offshore Morocco contained an estimated 750m barrels of recoverable oil.

The company has also upgraded the geological chance of success of the well from the previously advised 14% to 23%. The mean potential reserves are in line with estimates.

Tangiers retains a 25% interest in the block under a farm-out agreement struck with Portuguese major Galp Energia last December.

Galp will spend $41m, including reimbursement of $7.5m to Tangiers for costs it has incurred. The transaction is subject to approvals from the Moroccan government.

The prospect will be drilled before mid-2014.

"The growing interest shown in this area by several well-regarded companies, combined with our own assessments of the geology, highlights the substantial potential of the Tarfaya block," Tangiers Executive Chairman Eve Howell said.

"The Trident prospect alone is a potential company-maker and we have already identified several other Jurassic prospects in the block. With Galp carrying the cost of the first well, Tangiers has a significant exposure to this upside while also being free to pursue our strategy of acquiring other growth assets in Africa."

Shares in Tangiers fell 5.52% to 21.38p at 10:16 Monday.

Broker Old Park Lane Capital believes Morocco is fast becoming one of the world’s “most exciting offshore exploration plays”.

This is good news for Tangiers Petroleum (LON:TPET), which has revealed a 3D seismic programme had uncovered a company-making 750 million barrel potential at its Tarfaya block off the coast of the African country.

The data confirms that the Trident prospect and secondary objectives at Assaka and TMA potentially contain up to 750 million barrels of recoverable oil with a geological success rate of 23%, it said.

Analyst Barney Gray at Old Park Lane said: “Based on the published work programmes of companies located in the region, including Tangiers, we anticipate up to four high impact exploration wells targeting the Jurassic Carbonate fairway over the next 12-18 months.

“Consequently, we expect Tangiers share price to rally over the next twelve months driven by positive operational news flow.”

Broker RFC Ambrian chipped in with its verdict: “After a successful fourth quarter (it announced two farm-out deals), Tangiers is well placed to continue to seek out interests in new African licences.”

The broker reiterated its ‘speculative buy’ rating on Tangiers.

Issue of Equity
PRNW


14 February 2013

TANGIERS PETROLEUM LIMITED

ISSUE OF EQUITY

Tangiers Petroleum Limited (the Company) announces that it has issued 12,500
fully paid ordinary shares as a result of the exercise of options in the
Company at an exercise price of A$0.16.

The Company has applied for the new shares to be admitted to trading on both
the ASX and AIM markets. Trading in the new shares on AIM is expected to
commence on or around 19 February 2013.

Following the above issue, the Company has the following securities on issue:

Number Class

130,442,076 Fully paid ordinary shares

44,137,145 ASX-listed Options (TPTOA) exercisable at A$0.16 on or before 31
October 2013

1,000,000 Unlisted options exercisable at A$0.22 on or before 19 July 2014

6,000,000 Unlisted options exercisable at A$0.60 on or before 16 December
2014

1,000,000 Unlisted options exercisable at A$0.22 on or before 16 December
2014

500,000 Unlisted options exercisable at A$0.50 on or before 2 April 2015

3,274,124 Unlisted options exercisable at A$0.60 on or before 2 April 2015

3,500,000 Unlisted options exercisable at A$0.70 on or before 2 April 2015

300,000 Unlisted options exercisable at A$0.70 on or before 10 April
2016

213,733 Unlisted options exercisable at GBP£0.256 on or before 19
November 2015

487,230 Unlisted options exercisable at GBP£0.242 on or before 19
November 2015

2,000,000 Unlisted options exercisable at A0.$28 on or before 26 November
2015 (voluntary escrow for 12 months to 26 November 2013)

1,500,000 Unlisted options exercisable at A0.$28 on or before 26 November
2015 (vesting conditions apply)

3,000,000 Unlisted options exercisable at A0.$28 on or before 26 November
2015

Investor presentation 2013

http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6626913

Tangiers Petroleum "downside very limited" at current share price, broker says
11:26 am by Ian LyallGray has a price target of 106 pence a share, which represents a huge premium to the current valuation of 18.21 pence.

There is very limited downside at the current share price for investors in Tangiers Petroleum (LON:TPET, ASX:TPT), according to broker Old Park Lane, which updated its research following the company’s annual results earlier.

Analyst Barney Gray said 2012 has been something of a breakthrough year for the explorer. It signed a farm-out on its Tarfaya block in Morocco and a heads of agreement for its assets in Australia.

The two deals have a value of US$68mln, while Old Park Lane estimates Tangiers is sitting on cash of around US$14mln.

Gray has a price target of 106 pence a share, which represents a huge premium to the current valuation of 18.21 pence.

In a note to clients the analyst said: “The management will soon have a war chest with which to pursue additional opportunities in Africa.

“With a number of high impact milestones expected in 2013, we believe that there is very limited downside in the share price.”

Earlier, the group confirmed the next leg of its growth strategy will see the Tangiers pursue new opportunities.

And the preference is for exploration and production opportunities in shallow-water and onshore petroleum assets in Africa, chairman Eve Howell told investors.

“Opportunities in new permit acquisitions, farm-in agreements, mergers and corporate acquisitions will be considered recognising the company's financial capabilities and its logistical limitations,” she said.

“Above all, in capitalising on the opportunities in our chosen region of growth, the board will be keeping foremost in mind the benefit to the existing shareholders of Tangiers.”
------------------------------------------------------------------------------------------------



Tangiers Petroleum is ideally placed for next leg of growth strategy, says chairman
8:59 am by Jamie AshcroftThe next leg of Tangier’s growth strategy will see the firm pursue new opportunities in shallow-water and onshore petroleum assets in Africa.


The next leg of Tangier’s growth strategy will see the firm pursue new opportunities in shallow-water and onshore petroleum assets in Africa.


Tangiers Petroleum (LON:TPET, ASX:TPT) is now ideally placed for the next leg of its growth strategy following the successful completion of a ‘crisis turn-around’, said chairman Eve Howell.

In the firm’s results statement, for the twelve months to December 31 2012, Howell highlighted that prior to agreeing farm-out deals for its assets in Morocco and Australia Tangiers had less than $1mln in cash and imminent obligations in excess of $70mln.

But, as a result of the separate farm-out deals Tangiers expects to have $14mln in the bank and it will be fully funded for all its exploration commitments until the end of next year.

It also retains significant interests in the two projects – with a 25% interest in the Moroccan assets, and a 27% stake in the Australian project.

The next leg of Tangier’s growth strategy will see the firm pursue new opportunities.

And the preference is for exploration and production opportunities in shallow-water and onshore petroleum assets in Africa, Howell told investors.

“Opportunities in new permit acquisitions, farm-in agreements, mergers and corporate acquisitions will be considered recognising the company's financial capabilities and its logistical limitations,” she said.

“Above all, in capitalising on the opportunities in our chosen region of growth, the board will be keeping foremost in mind the benefit to the existing shareholders of Tangiers.”

Tangiers Petroleum considering new opportunities in Africa
By Proactive Investors

April 29 2013, 8:01am Operationally, key activities in the three months has been planning for its first exploration well offshore Morocco on the Tarfaya block and the tender process for the rig has started, it addedOperationally, key activities in the three months has been planning for its first exploration well offshore Morocco on the Tarfaya block and the tender process for the rig has started, it added

Tangiers Petroleum (LON:TPET) has been assessing new ventures in "several" African countries in the quarter to end March, it said, releasing a quarterly report.

"This has included farm-in opportunities both onshore and in shallow offshore waters in a number of prospective basins. Potential corporate deals are also being considered," it said in the statement.

Operationally, key activities in the three months have been planning for its first exploration well offshore Morocco on the Tarfaya block and the tender process for the rig has started, it added.

In addition, a joint working plan has been set up with Galp Energia as part of the plan towards Galp Energia assuming operatorship.

Another highlight of the quarter for the licence, in which the firm holds a 75% stake, was first results, which have identified a number of potential source rocks along with two oil stained samples which warrant further analysis.

For the three months, the firm recorded a net cash outflow of A$1.421 million, while at the end of the quarter, it had net cash reserves of A$2.7 mln, excluding the US$3 million bank guarantee in Morocco.

10 May 2013
Tangiers takes another key step in growth strategy with agreement on Australian farm-out deal


http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6635139



10 May 2013
CWH and Tangiers enter into final agreement


http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6635140

Tangiers Petroleum (LON:TPET, ASX:TPT) says it has taken another step forward in its growth strategy as it sealed farm-outs for its Australian assets.

The company has now approved the final terms of the deal with CWH Resources Limited (ASX:CWH) and Ansbachall, giving the partners stakes of 70% and 3% respectively.

Tangiers Petroleum will now have a 27% interest in the two exploration permits in the Bonaparte basin, and CWH will pay all costs of seismic and drilling.

Barney Gray at Old Park Lane Capital said: “Within less than twelve months, Tangiers has conducted two exciting farm-out agreements, providing the company with full carries over $68m of exploration activity whilst retaining material interests in two exciting exploration areas.

“The management will also soon have a war chest with which to pursue further opportunities in Africa.

He concluded: “With a number of high impact milestones expected in 2013, we believe that the recent weakness in the share price is an aberration and the shares are poised for a substantial re-rating.”

The broker has a ‘buy’ tag and 90p target price.

Two consecutive 7% rises.

Tangiers appoints Joint UK Broker

PRNW



21 May 2013

TANGIERS PETROLEUM LIMITED

Tangiers Appoints Joint UK Broker

Tangiers Petroleum Limited (ASX: TPT; AIM: TPET) (Tangiers or the Company) is
pleased to announce the appointment of Peel Hunt LLP as Joint Broker in the UK
with immediate effect.

Tangiers is advancing its strategy to acquire interests in onshore and shallow
water petroleum prospects and projects in Africa with the ability to generate
strong shareholder returns.

"Tangiers believes that the appointment of a highly regarded broker such as
Peel Hunt is another key step towards achieving this goal and looks forward to
working with this successful firm," Tangiers Executive Chairman Eve Howell

Tangiers Petroleum executes farm-out agreement
Wed 22 May 2013

TPET - Tangiers Petroleum Ltd (DI)
chart
Latest Prices
Name Price %
Tangiers Petroleum Ltd (DI) 17.00p +3.82%

FTSE AIM All-Share 731 +0.33%

Tangiers Petroleum executes farm-out agreement LONDON (SHARECAST) - Tangiers Petroleum's shares edged higher Wednesday after the oil and gas company said it executed its farm-out agreement with CWH Resources and Ansbachall.

The agreement covers Australian exploration permits WA-442-P and NT/P81 which are located in the southern Bonaparte Basin, about 250 kilometres south-west of Darwin.

Under the farm-out deal, CWH will fund all costs and expenses associated with seismic work, drill planning and exploration drilling within the permit areas up to a cap of AU$35m.

Tangiers will then pay 27% of the ongoing costs relating to exploration and operations.

It is subject to government approval.

"The execution of the farm-out agreement represents another key milestone in Tangiers' strategy to build an international oil and gas company with strong growth prospects," Tangiers said.

Shares increased 3.82% to 17p at 10:25.

10 July 2013
Fosters initiates research coverage on Tangiers Petroleum

http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6641453

Initiation - Exceptional leverage to success in Morocco

http://tangierspetroleum.com/media/press-releases/news-item20130710.aspx

up 12.73% today.

Tangiers Petroleum prepares for first well in Morocco
By Jamie Ashcroft July 18 2013, 8:44am The preliminary well design for TAO-1 has now been prepared, Tangiers said.The preliminary well design for TAO-1 has now been prepared, Tangiers said.

The emphasis for much of Tangiers Petroleum's (LON:TPET) April-to-June quarter was on corporate matters, with two separate farm-out deals now being finalised.

Operationally, planning work is currently underway for the group's first exploration well in Morocco, on the Tarfaya offshore block, which is being referred to as TAO-1. The environmental preparation work has also now been contracted.

The preliminary well design for TAO-1 has now been prepared. Galp will take control of the programme as it completes its farm-in to the asset.

Meanwhile, in Australia, preparations are underway for a 3D seismic survey and appropriate vessels have been shortlisted.

In this morning's quarterly update Tangiers revealed that exploration expenditure totalled A$168,000 during the three months to June 30, while the total net cash outflow was A$1.01mln.

Tangiers had A$1.7mln in cash at the end of the quarter, excluding a US$3mln bank guarantee, and upon completion of the Moroccan farm-out to Galp the company will receive US$7.5mln and the guarantee will be returned.

18 July 2013
QUARTERLY REPORT
Report on Activities for the Quarter ended 30 June 2013


http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6642147

Investors presentation 24 July 13 -

http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6642584

---------------------------------------------------------------------------------

Morocco the hot new province for oil

If you are looking for a hot new oil province, it is hard to go past offshore Morocco.



A host of explorers large and small will be poking holes in the seabed over the next couple of years - something that Esso started to do back in the 1960's before it was understandably distracted by some highly successful hits in Bass Strait and the North Sea.

"There is nowhere in the world that I know of that is having this amount of drilling activity at different levels and with various operators," said Tangiers Petroleum executive chair Ms Eve Howell, an experienced oil executive who worked at Woodside and Apache.

At least 10 wells will be drilled starting later this year and some of the major companies involved include Galp, Total, Cairn, Kosmos, Chevron, Plains and Genel.

It is not hard to see why all of the activity is happening with a very large billion barrel oil discovery off the Canadian coast neatly lining up with Morocco as a "conjugate margin" - a more sophisticated version of cutting out the continents and joining them back together to find similar rocks.

The offshore Cap Juby oil field was discovered in Morocco in the 1960s but the area is still relatively unexplored with only one well drilled for every 10,000 square kilometres compared to the global average of 80.

Only eight wells have been drilled since 2000 so the availability of modern 3D seismic mapping should also greatly improve the selection of likely drill targets and the chances of at least one of the drills encountering some oil.

Tangier's large Tarfaya field is certainly in there with a chance, being in the same Jurassic carbonates that hosted Cap Juby and with the potential to host up to 867 million barrels of recoverable oil in four reservoirs.

Even with small recovery rates a positive discovery would be a transformational event for Tangiers, which has retained an impressive 25 per cent free carry after the drilling was farmed out to Galp Energia.

Foster Stockbroking used conceptual modelling to estimate that the largest prospect, called Trident, had unrisked upside of around $10.60 a share, which makes the company a spectacular combination of high risk and reward.

Unusually for a small explorer Tangiers is also reasonably well capitalised with more than US$10 million coming its way in cost reimbursements.

Tangiers also owns a couple of interesting gas prospects in the Bonaparte Basin south west of Darwin and it is entitled to 27 per cent of those after another farmout deal.

It goes without saying that offshore oil drilling is a risky business but Tangiers is a worthy speculative buy purely on the basis that there are so many major oil companies jealously looking at its relatively shallow offshore Morocco permits of 11,282 sq kms.

Any oil discovery in the area is sure to give Tangiers shares a kick.


http://tangierspetroleum.com/media/press-releases/25-july-2013.aspx

Letter to Shareholders
PRNW


16 September 2013

TANGIERS PETROLEUM LIMITED

Letter to Shareholders

Dear Shareholder

I would like to take this opportunity to update you on the activities of your
Company, including the asset farm-out process and the search for suitable
growth opportunities. While this two-pronged strategy is still being
implemented, as outlined below, your Board is confident that it will deliver
strong returns for shareholders over the short to medium term.

Tarfaya Offshore Block - Morocco

The Farm-out Agreement between Tangiers and Galp Energia is almost finalised.
The only remaining condition to be met is the signing of the Joint Order by the
Ministers of Energy and Finance in Morocco. This has been delayed slightly by
the resignation of the Minister of Energy. However, it is expected that the
agreement will be approved shortly after the appointment of a new minister.
While waiting for approval, preparations for drilling the TAO-1 well are
continuing. Galp Energia is moving forward with environmental approvals and
well planning with a view to spudding the well in the first half of next
calendar year.

Exploration Permits WA-442-P & NT/P81 - Australia

The call for tenders for the acquisition of 500 sq km of 3D seismic data closed
on 13 September. The tenders will now be evaluated and a contract is expected
to be awarded in the coming weeks. Tangiers has been assisting CWH with the
tender process.

New Ventures

Over the past six months, Tangiers has rigorously assessed many growth
opportunities in Africa. Although some have been quite attractive, none have
satisfied all the criteria your Company has set for its next project. We are
currently assessing a number of further opportunities but none has progressed
as yet to a point of an advanced negotiation.

The Board believes that it is important to take the time needed to secure the
right growth asset for your Company. That said, we can assure you that
extensive efforts are being made to identify and examine as many opportunities
as possible. We look forward to updating you on this process when the right
opportunity emerges.

Road Show

Tangiers will conduct an intensive investor relations roadshow from 24
September to 17 October. This will include broker-sponsored presentations in
Perth, Sydney, Melbourne, Hong Kong and London. Tangiers will also be
presenting at the upcoming "Resources Rising Stars" conference on the Gold
Coast on 2-3 October and a MRQ Investor Event in London on 17 October.

EVE HOWELL
Executive Chairman

Eve Howell, Executive Chairman of Tangiers Petroleum to present at Mining and Resource Evening in London on 17th October 2013

Following the resounding success of our previous evening events, Shares Magazine is pleased to be to offer another chance for investors to meet, hear from and ask questions of key senior management figures from carefully selected companies.

This event offers a unique opportunity not only to hear about the latest plans from some of the most exciting companies in the sector, but also to put your questions to the people that matter. What is more, there is a free drinks and canapés reception where you can mingle with industry leaders and your fellow investors. Make sure you don't miss this unique opportunity to get the answers you need from the people who make the market.

Tickets are completely free but places are strictly limited so register now.

Date: Thursday 17th October 2013

Venue: Novotel Tower Bridge, 10 Pepys Street, London EC3N 2NR

Registration: 6.00pm

REGISTER FOR LONDON EVENT NOW

Presentations: 6.30pm followed by a drinks/canapés reception

Companies Presenting:

CHAARAT GOLD

Chaarat Gold (AIM:CGH) is an exploration and development company operating in the Kyrgyz Republic. Situated in the highly prospective Tien Shan gold belt, a JORC compliant resource of 5.76Moz at a grade of 4.03g/t has been delineated at the Chaarat Gold Project. The Company's key objective is to become a low cost gold producer targeting annual production of 200,000 ounces from the development if the Chaarat Gold Projet.
Speaker: Dekel Golan, CEO
Continental Coal (AIM:COOL)

Continental Coal Limited (ASX:CCC/AIM: COOL/US-OTC QX:CGFAY) is a South African thermal coal producer with a portfolio of projects located in South Africa’s major coal fields including three operating mines, the Penumbra, Ferreira and Vlakvarkfontein Coal Mines, producing 2.8Mtpa of thermal coal for the export and domestic markets. A Bankable Feasibility Study has been completed on a proposed fourth mine, the De Wittekrans Coal Project. Continental Coal also has 3 large thermal coal exploration leases in Botswana, with a JORC resource of 2.2Bt, and a further exploration target of 8.9Bt.

Speaker: Don Turvey, Chief Executive Officer
Fox Marble (AIM:FOX)

Fox Marble Holdings PLC is a natural stone extraction company operating in Kosovo and the Balkans region, with headquarters in the United Kingdom. Established in 2011, Fox Marble has access to over 300 million cubic metres of premium quality marble including white breccia and honey yellow onyx.

Speaker: Chris Gilbert, CEO
Tangiers Petroleum (AIM:TPET)

Tangiers is an ASX listed exploration company which has a portfolio of two potentially world class oil and gas assets located in Morocco and Australia.
Tangiers Moroccan assets include the highly prospective Tarfaya offshore block.
In Australia, assets include the significant Nova and Super Nova gas prospects located offshore Northern Australia.
Speaker: Eve Howell, Executive Chairman

Link to Tangiers presentation at our event on 17th Oct 2013

Thanks Bullshare.

Admission to the London Aim on 3rd Feb 2012. Achieved very little. Disappointing to see the company may walk away from the Australian permits due to the high costs of operating in the country. Waiting for a sp bounce and I think I will bounce out too.
As I see it,these Australian oil comps seem to put out a good initial write up and through delays/changed company plans and new management they go off in a different direction to why you were initially drawn to invest in that company in the first place.

More equity being released.

BIG PICTURE - Tangiers shares on the march as market tunes into company-making potential of Morocco

By Ian Lyall

May 22 2014, 11:19am
Operator Galp is chasing three stacked targets: Assaka in the Upper Jurassic; the main target Trident in the Middle Jurassic and will move on to TMA if the well is deemed a success.
Operator Galp is chasing three stacked targets: Assaka in the Upper Jurassic; the main target Trident in the Middle Jurassic and will move on to TMA if the well is deemed a success.


Investors in Tangiers Petroleum (LON:TPET, ASX:TPT) will know soon if the Tarfaya block off the coast of Morocco holds the huge, company-making promise suggested by the pre-drill data.

For the AIM and ASX-listed oil explorer has confirmed work will get underway on its first well in mid to late June.

This follows the mobilisation of the Ralph Coffman jack-up rig (pictured), which will target a “best estimate” 758mln barrels of the black stuff.

With 25% of the block, this represents an unrisked prospective resource net to Tangiers of 190mln barrels.

So TAO-1 fits the very definition of a company-maker, particularly when you consider the group has a market capitalisation of just £21mln.

It is operated by Portugal’s Galp Energia, which has 50%, with the remaining stake is owned by ONHYM, the state-controlled oil company.

Tangiers managing director Dave Wall described TAO-1 as a “highly attractive prospect for Tangiers' shareholders”.

"It is a very large structure located in shallow water within a proven play fairway and adjacent to an existing oil discovery," he said.

"All the ingredients required for exploration success are present in the region, giving Tangiers, and its shareholders, a good chance of success at TAO-1."

Galp is chasing three stacked targets: Assaka in the Upper Jurassic; the main target Trident in the Middle Jurassic and will move on to TMA if the well is deemed a success.

The shares, up a third in the past week, advanced another 10% 13.2p each in morning trade.

Galp is expected to have drilled Assaka by mid-July and Trident by late August, according to director Steve Staley, who knows all about frontier exploration following his time with Cove Energy.

“As is common in these offshore wells, there is no major testing,” he told Proactive Investors.

“With modern technology there is a lot of logging that is going to tell you a lot.”

A 110-metre oil column was discovered on the nearby Cap Juby licence being developed by Cairn Energy and Genel.

However the crude was of the heavy variety, which is more difficult to extract and transport.

“This is encouraging, but we think we are in a better position to find light oil,” said Staley comparing Tarfaya with the Cap Juby discovery.

“There are two questions. The first is heavy oil versus light oil, the other is reservoir quality and we have addressed these pre-drill.”

Much of this work has focused on the primary Trident target as a thorough analysis of the 3D and 2D seismic data, as well as close inspection of the geology beneath the Atlantic Ocean, identified the drill site for TAO-1.

“We have done much to reduce the risk of finding a bad quality reservoir,” said Staley.

“We are carrying a 21% chance of success number. But that figure predates a lot of [seismic interpretation] work.

“Tangiers did a competent persons report before the 3D was shot and interpreted. “Galp has looked at the chance of success and is running with a substantially higher chance of success.”

Can see these doing well in the lead up to the drill.

Tangiers Petroleum's momentum continues on Tarfaya block potential

By Ian Lyall

May 30 2014, 11:42am
Investors are betting on the success of TAO-1 well, to be drilled by the Portuguese firm Galp, which has 50% of the block
Investors are betting on the success of TAO-1 well, to be drilled by the Portuguese firm Galp, which has 50% of the block


Shares in Tangiers Petroleum (LON:TPET, ASX:TPT) were up 12% as investors continued to tune into the significant potential of the Tarfaya block off the coast of Morocco.

Friday’s move builds on the momentum seen since May 16. In that time the stock has risen 48%.

Investors are betting on the success of TAO-1 well, to be drilled by the Portuguese firm Galp, which has 50% of the block.

Work is set to get underway in the middle to late next month targeting 758mln ‘unrisked’ barrels of crude – so the prize is huge for Tangiers, which is sitting on a 25% stake in the block.

“Tangiers Petroleum is a chance to invest in a pure-play, binary exploration well with potentially very large upside,” said research house Edison.

Its risked exploration net asset value for Tangiers is 39p a share – almost triple the current price of 14p.

Operator Galp is chasing three stacked targets: Assaka in the Upper Jurassic; the main target Trident in the Middle Jurassic and will move on to TMA if the well is deemed a success.

The shares, up a third in the past week, advanced another 10% 13.2p each in morning trade.

Galp is expected to have drilled Assaka by mid-July and Trident by late August, according to director Steve Staley, who knows all about frontier exploration following his time with Cove Energy.

“As is common in these offshore wells, there is no major testing,” he told Proactive Investors.

“With modern technology there is a lot of logging that is going to tell you a lot.”

A 110-metre oil column was discovered on the nearby Cap Juby licence being developed by Cairn Energy and Genel.

However the crude was of the heavy variety, which is more difficult to extract and transport.

“This is encouraging, but we think we are in a better position to find light oil,” said Staley comparing Tarfaya with the Cap Juby discovery.

“There are two questions. The first is heavy oil versus light oil, the other is reservoir quality and we have addressed these pre-drill.”

Much of this work has focused on the primary Trident target as a thorough analysis of the 3D and 2D seismic data, as well as close inspection of the geology beneath the Atlantic Ocean, identified the drill site for TAO-1.

“We have done much to reduce the risk of finding a bad quality reservoir,” said Staley.

“We are carrying a 21% chance of success number. But that figure predates a lot of [seismic interpretation] work.

“Tangiers did a competent persons report before the 3D was shot and interpreted.

“Galp has looked at the chance of success and is running with a substantially higher chance of success.”

At 11.30am, the stock was changing hands for 14.13p, for a rise of 1.63p.

“Success will see very material upside, while a failure would mean that Tangiers would likely have to start at the drawing board with limited cash resources but an ambitious management,” said Edison.

“With Tangiers, investors have the potential for material, near-term drilling with significant upside in the case of success.”

bought in last week a couple of times...looking good!

26% rise today.

Tangiers Petroleum (LON:TPET) also kept up its steep rise, jumping another 15% to 16.3p.

Investors are betting on the success of TAO-1 well offshore Morocco to be drilled by the Portuguese firm Galp, which has 50% of the block.



http://www.proactiveinvestors.co.uk/companies/market_reports/69052/market-movers-leni-gas-oil-union-jack-oil-golden-saint-resources-tangiers-petroleum-bglobal-0000.html
----------------------------------------------------------------------------------------------



Edison equity research available

RNS


RNS Number : 4552I

Tangiers Petroleum Ltd

30 May 2014






Edison Investment Research initiates coverage on Tangiers Petroleum.

Tangiers Petroleum is a chance to invest in a pure-play, binary exploration well with potentially very large upside. The company holds a 25% working interest in the Tarfaya offshore block, Morocco. Together with operator GALP, Tangiers will be drilling the TAO-1 well, targeting up to 758mmbbl unrisked potential across three horizons, with a projected mid-June spud date. With the recent successful equity raise in May and partial carry from GALP, the company should be fully funded to drill the estimated US$75m well. Attractive fiscal terms imply that a discovery of any size would be a transformational event for Tangiers. Our RENAV, based on a risked TAO-1 well, is 39p/share, though success could see multiples of this.

Tangiers Petroleum is an ASX- and AIM-listed, Perth-based E&P with a 25% working interest in the Tarfaya Offshore Block, Morocco. The TAO-1 well, targeting 758mmbbl gross best estimate, is due to spud in June.

EXCEPTIONAL LEVERAGE TO UPCOMING DRILL


http://www.tangierspetroleum.com.au/wp-content/uploads/2014/06/Foster-Stockbroking-Research-Article.pdf

Messy past but climbing nice.

Tangiers Petroleum – RFC Ambrian predicts upside of a TAO success

By Jamie Ashcroft

June 06 2014, 4:05pm
Tangiers Petroleum – RFC Ambrian predicts upside of a TAO success

Tangiers Petroleum (LON:TPT, ASX:TPET) shares could be worth three times their current value, says house broker RFC Ambrian.

Analyst Stuart Amor, in a note, says the result of the TAO well, offshore Morocco, is the main catalyst.

As a result of a farm-out deal, the company’s 25% stake in the TAO well is ‘carried’ by Galp (up to US$33mln), and after a small recent fund raise Tangier’s now considers the programme ‘fully funded’.

TAO, which is due to spud later this month, has three targets estimated to total 750mln barrels of recoverable oil resources – the main target, Trident, is thought to contain 450mln.

Amor says a discovery could be relatively cheap to commercialise.

“Tangiers’ main prospects are in 100m of water, meaning that in the case of a commercial discovery any development project would be far less costly than a similarly sized deepwater discovery,” he said.

“The combination of large prospect size, shallow water location and the Moroccan fiscal regime means that we estimate that the Trident prospect is worth US$156m (A¢65/share) risked and US$2,245m (A¢940/share) unrisked.”

RFC Ambrian rates Tangiers as a ‘speculative buy’ with a 48.2p price target.

Moreover, the broker says Tangiers could even be worth as much as 182p by the end of the year if the drilling is a success. Amor does, however, acknowledge that it is a high risk proposition and he estimates that failure could see the shares fall to as little as 0.7p per share.

Investor Presentation

PRNW



9 June 2014

TANGIERS PETROLEUM LIMITED

Investor Presentation

Tangiers Petroleum Limited (ASX: TPT; AIM: TPET) wishes to advise that a copy
of the Company's latest Investor Presentation (June 2014) is available on the
Company's website at www.tangierspetroleum.com.au.

Tangiers shares spike 12% as Morocco drilling begins

By Ian Lyall

June 26 2014, 11:48am
The stock, up almost 50% in the last three months, advanced 1.68p to 15.31p.
The stock, up almost 50% in the last three months, advanced 1.68p to 15.31p.


Shares in Tangiers Petroleum (ASX:TPT; LON:TPET) rose 12% after it said drilling has begun on the Galp Energia-operated TAO-1 exploration well offshore Morocco.

The Ralph Coffman jack-up rig will test up to three stacked targets: Assaka in the Upper Jurassic; the main target Trident in the Middle Jurassic and will move on to TMA if the well is deemed a success.

It is expected to take around two months to intersect the first two oil horizons.

Tangiers owns 25% of the Tarfaya block that’s host to the TAO well, which is targeting a huge hydrocarbon bounty of 758mln barrels of oil equivalent, or 190mln barrels net to the AIM and ASX-listed group.

The TAO-1 well is located within a proven petroleum system and is next to Cairn Energy and Genel Cap Juby heavy oil discovery.

TAO-1 is the very definition of a company-maker, particularly when you consider the Tangiers has a market capitalisation of just under £28mln.

A 110-metre oil column was discovered on Cap Juby; however, the crude was of the heavy variety, which is more difficult to extract and transport.

“This is encouraging, but we think we are in a better position to find light oil,” Tangiers director Steve Staley told Proactive Investors recently.

“There are two questions. The first is heavy oil versus light oil, the other is reservoir quality and we have addressed these pre-drill.”

Much of this work has focused on the primary Trident target as a thorough analysis of the 3D and 2D seismic data, as well as close inspection of the geology beneath the Atlantic Ocean, identified the drill site for TAO-1.

“We have done much to reduce the risk of finding a bad quality reservoir,” said Staley.

“We are carrying a 21% chance of success number, but that figure predates a lot of [seismic interpretation] work.

“Tangiers did a competent person's report before the 3D was shot and interpreted.

“Galp has looked at the chance of success and is running with a substantially higher chance of success.”

The stock, up almost 50% in the last three months, advanced 1.68p to 15.31p.

Tangiers Petroleum says Morocco drilling on track

By Philip Whiterow

July 14 2014, 7:41am
The TAO-1 well is located within a proven petroleum system and is next to the Cairn Energy and Genel Cap Juby heavy oil discovery.
The TAO-1 well is located within a proven petroleum system and is next to the Cairn Energy and Genel Cap Juby heavy oil discovery.


Tangiers Petroleum (ASX:TPT; LON:TPET) has provided the briefest of updates on the TAO-1 exploration well offshore Morocco, operated by Portuguese explorer Galp Energia.

It told investors: “No major operational issues have occurred to date and the well is expected to intersect the Assaka and Trident objectives within 60 days from spud, as previously announced.”

It gave no information as to the depth or the formation currently being drilled as TAO-1 has been designated a “tight well”, which means the data is being kept under wraps.

Drilling began on June 26 and is targeting a huge hydrocarbon bounty of 758mln barrels of oil equivalent, or 190mln barrels net to the AIM and ASX-listed group.

The TAO-1 well is located within a proven petroleum system and is next to the Cairn Energy and Genel Cap Juby heavy oil discovery.

The well is the very definition of a company-maker, particularly when you consider the Tangiers has a market capitalisation of just under £30mln.

A 110-metre oil column was discovered on Cap Juby; however, the crude was of the heavy variety, which is more difficult to extract and transport.

Tangiers believes, because of the geology of the area, that it has a much better chance than its neighbour of discovering lighter crude.

Thought i saw somewhere 60 days drilling, so mid Aug might be interesting.,.

You did Balerboy, scroll up 4 inches. :-))

The well is expected to intersect the Assaka and Trident objectives within 60 days from spud, as previously announced.

can't manage 4 inches anymore DC, thats where the memory comes in ;)

Quarterly Report June 2014

http://www.moneyam.com/action/news/showArticle?id=4854098

TAO-1 Operational Update

PRNW



28 July 2014

TANGIERS PETROLEUM LIMITED

TAO-1 Operational Update

Tangiers Petroleum Limited (ASX: TPT; AIM: TPET) ("Tangiers" or the "Company")
provides the following update on the TAO-1 exploration well located in the
Tarfaya Offshore Block, Morocco.

The TAO-1 exploration well has intersected the shallowest and secondary
objective, Assaka. Based on currently available information, no hydrocarbon
shows have been encountered. A full petrophysical evaluation of the Assaka
objective will be carried out at section TD.

Drilling operations continue as planned towards the primary and largest
objective, Trident. The TAO-1 exploration well has been designed to test
Trident at its optimal location. Tangiers' interpret that success at Trident is
not co-dependent on the results from Assaka.

The Company will provide additional updates as appropriate.

About Tangiers Petroleum: Tangiers Petroleum is an Australian-based oil
explorer with assets offshore Morocco in shallow water. Tangiers has a 25 per
cent participating interest in the Tarfaya Offshore Block, which is being
operated by Galp Energia with a 50 per cent interest. The remaining 25 percent
interest is held by ONHYM (Morocco's National Office of Hydrocarbons and
Mines), which is carried through the exploration phase. The high impact TAO-1
exploration well spud on the 26th June 2014 and is expected to intersect two of
three possible objectives within 60 days from spud.

DAVE WALL
MANAGING DIRECTOR

-----------------------------------------------------------------------------------------------

UPDATE - Tangiers Petroleum: TAO-1's secondary target shows no hydrocarbons

By Philip Whiterow

July 28 2014, 12:13pm
Drilling operations continue as planned towards the primary and largest objective, Trident, Tangiers said.



-- adds broker comment--

Tangiers Petroleum’s (LON:TPET; ASX:TPT) TAO-1 exploration well in the Tarfaya block, offshore Morocco has not found any hydrocarbons at its secondary target.

The secondary objective, Assaka, was the shallowest target for TAO-1 and a full petrophysical evaluation of the objective will now be carried out.

Drilling operations continue as planned towards the primary and largest objective, Trident, Tangiers said.

“The TAO-1 exploration well has been designed to test Trident at its optimal location.

“Tangiers' interpret that success at Trident is not co-dependent on the results from Assaka,” it added.

Tangiers has a 25% participating interest in the Tarfaya Offshore block. Galp Energia has 50% with the remaining 25% held by ONHYM (Morocco's National Office of Hydrocarbons and Mines).

House broker RFC Ambrian expects the Trident objective will be reached within the next week or so.

Pre-drill, the well had a 21% chance of success, according to Galp, but RFC has now reduced its own prediction of the chance of success to 14%.

It has downgraded its fair value estimate to A¢44.5/share from A¢87.3/share to allow for that and also the removal of the Assaka prospect (A¢15.8/share).

Even so, RFC Ambrian has reiterated its ‘speculative buy’ rating.

Shares fell 25% to 8.75p.

Suspension - Tangiers Petroleum Limited

RNS


RNS Number : 8362N

AIM

31 July 2014












NOTICE



31/07/2014 7:30am



TEMPORARY SUSPENSION OF TRADING ON AIM



TANGIERS PETROLEUM LIMITED

Monday stands to be a decisive day for investors in Tangiers Petroleum (LON:TPET), one way or another.

The explorer's shares fell 25% at the start of the week after the secondary target of the TAO well, offshore Morocco, drew a blank.

Drilling continued and by the end of the week Tangiers asked for its shares to be suspended pending results from the primary target. Trading is due to restart next week, presumably once the outcome of the well is known.





http://www.proactiveinvestors.co.uk/companies/market_reports/70936/proactive-investors-mid-sml-cap-roundup-asos-and-boohoo-fall-most-in-down-week-0000.html

TAO-1 Unsuccessful

Thanks kim, pulled out of this one ages ago.

Malcy's blog -Tangiers Petroleum (LON:TPET)

Galp has announced the results of the Tao-1 Tarfaya offshore Morocco well, its a dry hole. They found nothing at the primary objective, the Trident in the Middle Jurassic and they also tested the Assaka prospect in the Upper Jurassic which was also dry. The shares, which fell 40% last week after initial results were disappointing have fallen nearly 70% this morning. Tangiers could well end up being a textbook management school case of how to louse up a perfectly good company in one stroke. Not long ago the shareholders had a first class management team who were in the process of an eminently sensible merger with Jacka. However, for some shareholders this was clearly not enough risk so they fired the team and called off the deal. With the company’s future riding on a 25% stake in Tao-1 they came to London to raise a bit more money, how they did that only higher beings know but some people clearly enjoy such risk. Where the company goes from here is anyone’s guess, I cant tell you about the CEO as he failed to turn up to our meeting a while ago but if they ring you up looking for money I would suggest that you reply in the briefest of words.

Tangiers Petroleum: From Morocco to Alaska for its next high-impact project

By Ian Lyall

November 20 2014, 7:38am
For Tangiers' next major projects it is swapping the warm waters off Morocco for the frozen wastes of America’s most northerly state. An update this morning reveals it has made a successful bid for almost 87,000 net acres in the Alaska North Slope area-wide sale.
For Tangiers' next major projects it is swapping the warm waters off Morocco for the frozen wastes of America’s most northerly state. An update this morning reveals it has made a successful bid for almost 87,000 net acres in the Alaska North Slope area-wide sale.


It may be time Tangiers Petroleum (LON:TPET) changed its name. For its next major project it is swapping the warm waters off Morocco for the frozen wastes of America’s most northerly state.

An update this morning reveals it has made a successful bid for almost 87,000 net acres in the Alaska North Slope area-wide sale.

It will be partnered on Project Icewine with Burgundy Xploration, which was the bid agent for the property, and will be carried on the first US$2mln spent on the property.

A 20% deposit totalling US$520,000 has been paid to the Department of Natural Resources Alaska, with the balance of around US$3mln, including first year rental costs, due in the second quarter of next year.

Next year’s budget is put at US$2.1mln, which comprises the purchase, reprocessing and re-interpretation of existing 2D seismic as well as planning activities and overheads. The target is a liquid-rich shale play.

Having an 87.5% interest in the property gives Tangiers significant wiggle room to bring in a partner later in the exploration process.

The change of focus follows the failure of the high-impact TAO well, offshore Morocco, to find oil or gas.

Managing director Dave Wall said: "Project Icewine is the first step towards rebuilding the company.

“Icewine ticks three of our key boxes for a start-up project: funding flexibility, ground floor entry and huge upside potential.

“In addition, the project is located in a prolific oil producing region, with good infrastructure and significant nearby activity by major industry players.

“The board is looking forward to working with our US partners in order to unlock the substantial value we believe resides within the project."

Not invested here, if anyone would like to start a new thread please go ahead.



Change of Company name
26 February 2015

TANGIERS PETROLEUM LIMITED

Change of Company Name and Code

As approved at the general meeting of shareholders on 12 February 2015,
Tangiers Petroleum Limited wishes to advise of its change of name to 88 Energy
limited.

The Australian Securities and Investments Commission recorded the change of
name on 26 February 2015.

For ASX purposes, the effective date for the Company name and AIM code change
will be on or around 3 March 2015. On that date, the AIM code will change from

Seems to have some legs this week. Looks like its new strategy of drilling in Alaska might well have been well chosen. Perhaps the dry hole in Morocco is a thing of the past. New management, new name, new country, new share price!

Updated the thread. :-))


88-energy-delighted-by-drilling-reports-close-to-icewine

88 Energy confirms acreage award in Alaska

By Jamie Ashcroft

May 28 2015, 7:54am
“We look forward with great anticipation to the upcoming drilling of the Icewine #1 well prior to year end.'
“We look forward with great anticipation to the upcoming drilling of the Icewine #1 well prior to year end."


88 Energy (LON:88E) has taken an important step forward as it prepares for its first well in Alaska.

The company this morning confirmed it has now formally been awarded the necessary documentation for the exploration acreage.

Joint venture partner Burgundy Xploration LLC, which was named the highest bidder for the project in November, has now received the award of 63 tracts of land, totalling 89,542 acres.

88 via its wholly owned subsidiary Accumulate Energy Alaska will have an 87.5% interest in the acreage, meanwhile Burgundy also retains a 4% royalty over any future production.

Accumulate will be the operator of the exploration project, and it is expected to be ‘on title’ in a matter of weeks.

Dave Wall, 88’s managing director, said: "Whilst the award and assignment process is largely administrative in nature, it is a crucial piece of the puzzle and another meaningful step forward for the company and its shareholders.”

“We look forward with great anticipation to the upcoming drilling of the Icewine #1 well prior to year end."

88 Energy chipper
StockMarketWire.com
88 Energy notes outstanding exploration success by the Repsol/Armstrong joint venture on nearby acreage in conventional play fairways that may extend and be prospective at the company's Project Icewine.

Managing director Dave Wall said: "The results reported by Repsol and Armstrong are outstanding and well above expectation. They clearly vindicate Repsol's US$768m deal with Armstrong in 2011 as well as highlight the success that can be achieved through utilisation of modern 3D seismic on the North Slope.

The flow rates, large areal extent, reservoir quality and oil gravity all point towards what are likely to be large to very large commercial discoveries, located only 50 miles from the boundary of our Project. Whilst the Icewine #1 exploration well is initially targeting the world class unconventional oil potential at Project Icewine, the results by Repsol/Armstrong provide an example of the scale of additional potential that may be unlocked in conventional plays once we acquire 3D seismic."

At 9:18am: (LON:88E) 88 Energy Ltd share price was +0.16p at 0.88p

Zoom ;-)

:-)) Well done Bullshare on this one.

:-)

proactiveinvestors, closeolgy-in-alaska-sparked-88-energy-share-rally.

lets just hope the neighbours very large finds are under 88E acreage.

A possible multi bagger. Looks like beers all round from Bullshare. :-))

bought in a few weeks ago... onwards and upwards !

moving up nicely last few days.

-high-likelihood-88-energy-will-find-oil-suggests-broker

A possible multi-bagger .?

Hopefully they will be able to spud their well in the next few days.

Positive news today ere permit.

Not in this.





88 Energy

23 Oct 2015 07:00:00




23 October 2015

Icewine #1 Drilling Commenced

88 Energy Limited (?88 Energy?, ?the Company?, ?Operator?) (ASX, AIM: 88E) is pleased to announce that the drilling of the Icewine #1 exploration well commenced at 1745 hrs on Thursday 22nd October (AK time). This is the maiden exploration well on the Company?s Project Icewine acreage, located onshore North Slope, Alaska.

Fig 1. Kuukpik Rig Just Prior to Spud (please refer to the pdf version of this announcement available from the Company?s website)

Source: Accumulate Energy Alaska Inc

The well is planned to a Total Depth of 11,600 feet and is scheduled to take 30 days of drilling to complete. The primary objective of the well is the HRZ shale formation targetting a huge unconventional resource prize.

Upon completion of drilling, certain data will be available immediately; however, the definitive testing of the HRZ shale potential will take several months of data analysis. The pivotal focus will be an extensive evaluation of core material by specialist laboratories, which will cover a number of parameters considered critical for the success of the play.

Conventional potential may also exist in shallower (Brookian) and deeper (Kuparuk) horizons and the well has been designed such that testing of these horizons is possible, if warranted. The drilling of Icewine #1 will deliver first insight to the conventional prospectivity of 88 Energy's acreage to be matured up by the potential acquisition of 3D seismic in the near term.

Regular announcements will be made during the course of drilling, as appropriate.

Managing Director of 88 Energy Limited, Dave Wall commented: ?Spud at Icewine #1 is a momentous occasion for 88 Energy and its shareholders, without whose support the well would not have been funded. Our thanks go to all the financial backers of the Company as well as the team on the ground in Alaska, who have hit the top end of the curve in relation to timing of permit submissions.

We would also to thank all of the regulatory bodies in Alaska whose collaborative approach has ensured that our tight timeline has been achieved. We hope to deliver a safe outcome that is beneifical to all stakeholders in State.

Good luck to all holders.?

Yours faithfully

Dave Wall
Managing Director
88 Energy Ltd

Moving ahead this am.

Interest building on promising news.

Drilling update.

looks like a mentor special to me!

if you've money to burn, this is a good bet

Should be fine if there's no oil strike as the management are well versed in managing failure. The upside (if they find hydrocarbons) is they'll have a product that is in abundance and not being consumed as many would have had us believed a few moons ago. Good luck though as these tiddlers can sure get inflated. Just hope it doesn't end up like SMA as an example...

When or if, the oil price goes back up then 88E might be in in a good position when, or if they are able to produce oil or be taken over by an existing producer! SP up 91% at the moment.


88 Energy has de-risked two of the three main 'Achilles' heels' at the Icewine#1 exploration well in Alaska.

And it says permeability and porosity results of the HRZ shale are at the upper end of expectations and significantly in excess of the cutoff limits required for the play to be successful.

Managing director Dave Wall said: "Two of the three main 'Achilles' heels', being thermal maturity and matrix permeability, have now been substantially de-risked, coming in at, or above, pre-drill expectations. This is an outstanding achievement, given the sparsity of the historical data, and a testament to the years of work done by Paul Basinski who heads up Burgundy Xploration, our JV partner.

"Additional work remains, including that associated with fraccability and final thermal maturity; however, at this stage of the evaluation we could not have hoped to be in a better position.

"Given our large acreage position and the huge resource potential in the HRZ shale play, additional de-risking could be transformational for 88E and its shareholders in the very near term.

"The tender process for the seismic is now in its final stages and talks with Bank of America on funding have progressed such that we plan to be in a position to execute as per schedule."

Nice one Kim. :-))

Well, it's paid for my next loaf of bread DC! :o)

I believe you . lol

Crumbs, really?! :oD

Another fine day. :-))

Hmm, sold most of mine a tad early methinks!

Up 100% this morning.

All good news so far but there is a long way to go yet.

Up 118%

Proactive investor - Everything appears to being going to plan for 88 Energy (LON:88E) in Alaska, where it is uncovering what it hopes will be a significant new shale resource play.

88 Energy managing director Dave Wall, in a statement, used the word ‘astounding’ as he described the correlation of pre-drill expectations for the Project Icewine well and the actual results to date.

StockMarketWire.com
Core and petrophysical data from the Icewine#1 well continue to deliver at or above pre-drill expectations, 88 Energy says.

Highlights - Integrated Core and Petrophysical Analyses Indicate Tier 1 Liquids-Rich Hydrocarbon Concentration with World Class Resource Prize Potential - Consistent with Pre-Drill Forecast

- Gross Pay of 196' with Net Pay of 180.5' - Exceptional Net to Gross Ratio of 92% as Prognosed

- Reservoir Quality In Line With or Above Expectation:

* Outstanding Effective Porosity of 11% Shale Plays Typically in 4 - 7% Porosity Range

* Total Organic Carbon (TOC) Average of 3.55% in Cored HRZ Interval

* Hydrocarbon Saturation Over Entire HRZ Interval Estimated at >70%

- Rock Mechanics Further De-Risked by Additional Analysis:

* Average Clay Volume 40% - Analogous to Marcellus and Haynesville Shales

* High Percentage of Brittle, Non Swelling Clays

- Planning for Horizontal Well, Icewine#2H Commenced 88 Energy says notably the Icewine #1 exploratory well, designed to evaluate the resource potential of the HRZ shale, was completed on budget for US$16.61m (versus $16.58m AFE), having achieved all of its primary objectives.

Managing director Dave Wall said: "Results from analysis of core and petrophysical data from the Icewine#1 well continue to deliver at or above pre-drill expectations for the HRZ shale play at Project Icewine.

"As a consequence of these continued good results, we have tailored our seismic acquisition to focus on mitigating drilling risk for the next well, Icewine#2H, for which planning has commenced. Given the current oil price, it did not make sense to attempt to delineate the more subtle, and typically smaller, conventional features at this point in time. The revised 2D seismic program will give a broader regional picture across a larger aerial extent on our expanded acreage position and should still identify those larger conventional features that would be economic at today's prices.

"Costs for the Icewine#1 well have now been finalised, with our Operations Team in Alaska, headed up by Erik Opstad, delivering an outstanding outcome. The well not only achieved all of its primary objectives, including exceptional core recovery in the primary HRZ target, but it was also delivered on Budget."

Huge volume and tempting to have a dabble! High risk......pump & dump trading.

My best performing share of the year so far, could be a lot more to come.

If you do dabble, take your profits quickly!! :o)

But even they admit it's not worth getting out of the ground at present. Be interesting to know what their breakeven price would be.

I think it is around $55 from memory Harry, but that can change of course!

It will be months before all the test results are through so the oil price could have reached the target by then. Or not! :o)

Apologies to wayne300808....just seemed sensible to continue with the existing thread. Thanks for highlighting it.

From some time in October:- "88E estimates a break-even oil price of $52/bbl for the project, which as noted above is based on preliminary data and suggests that the project would not be economic at current oil prices. However, with a longer term view and considering the scale of a potential new liquids play it is not unreasonable to assume that major oil and gas companies could look to farm-in or acquire the project, subject to success of early appraisal."

Am I right in saying that they are using a $50m loan facility? If so, that needs to be repaid at some time and also may not be enough for future drilling. However, some of the little exploration Co's which have drilled successfully, get taken over by the big boys, so that could be a plus.

I'm not sure off the top of my head what the company is borrowing Harry but exploration incentives are provided by the State of Alaska with up to 85% of exploration expenditure in 2015 cash refundable, dropping to 75% until mid 2016 and thereafter 35%. The drilling they undertook was within budget and I don't think funding will be a problem but yes, it is more probable than possible that they will be taken out by a big company, hopefully at hundreds of £ per share haha! :o)

Good luck kim.

Thanks DC! Don't need luck though thankfully, my holding is now all free so I will just let it sit there. Might be tempted to do a few extra trades at some point though! :o)

Well done.

Still pushing higher!

On Wednesday, 88 Energy Ltd (88E:LSE) closed at 2.98, 0.56 % below its 52-week high of 2.99, set on Feb 15, 2016.

It may go higher today following another rise on the ASX (9.84%).

up another 12% :-))

Very nice! Couldn't resist a little trade, sold too soon of course! Leaving my free shares alone though; at the end it will either be a new car or a Big Mac! :o)

I hope its a new car. :-))

So do I, my Austin 7 is getting a bit rusty! :o)

Nothing too flash , mind you. lol

Up 28.57% now; I'm thinking speed stripes and dangly dice as an addition to my new motor, or fries with my Big Mac!

I think dangly dice are sooooooo last century! Dash Cam or Minion toy are currently the 'must haves' .....apparently! ;o)

I think that will probably have a Dash Cam or Minion toy as standard, as are the speed stripes. Well, it'll save me having to fork out extra! :o)

Is this a pimped up wagon. :-))

RNS to come "we know of no reason....." etc so there may be a dip to come for the moment, however don't bank on it!

Back up again! It is possible that an RNS will not be released after all, it was a statement on ASX that prompted my comment but I'm not sure that they repeat it for our market.

Issue of Equity
88 Energy Limited ("88E" or the "Company") confirms that it has today issued a total of 1,916,666 fully paid ordinary shares ("Ordinary Shares") pursuant to the exercise of options.

Admission of the Ordinary Shares is expected to occur on 17 March 2016. Following the issue of the Ordinary Shares, which rank pari passu to the existing ordinary shares in the Company, the Company has 3,174,864,656 ordinary shares in issue, all of which have voting rights.

Not sure if my calculation is correct, but back of a fag packet figure : on Feb 8th the market Cap was £12.5m and will be £121.5m taking in the new shares (not yet issued) at today's price.

Also listed on the Australian Stock exchange. 52 week Low AUS$ 0.01 High 0.07

Seems to have run it's course for the moment.

Plenty of buyers at 2.5p it seems.

Up over 26% on ASX following news announcement. Still a long way to go but the future if looking good.

Project Icewine - Phase I Successfully Complete

http://www.moneyam.com/action/news/showArticle?id=5241844

Lots of detail here for those that are interested:

http://www.asx.com.au/asxpdf/20160317/pdf/435xckp7dzrp7t.pdf

Project Icewine Permeability Exceeds Pre-Drill Expectations
88 Energy Limited ("88 Energy", "the Company", "Operator") (ASX, AIM: 88E) is pleased to provide an update on Project Icewine, located onshore North Slope of Alaska.

Highlights
· "Super Highway" Permeability Numbers ~20 Times Better than Pre-Drill Forecast
· 2D Seismic Program Underway - ~15% Completed

Overview
Additional analysis of sections of core obtained from the Icewine#1 exploration well has confirmed outstanding permeability in two previously unmeasured core samples. These core samples had readings too high to be measured using the traditional method for estimating permeability in tight rocks and have therefore been measured using pulse decay permeability analysis. The results of this analysis have indicated that permeability in these core sections is approximately 20 times greater than the Company's pre-drill forecasts for permeability in the HRZ at Project Icewine.

The results boost the already excellent permeability numbers measured from the core at the Icewine#1 well and provide further encouragement for the potential of high flow rates from the planned production test well, Icewine#2H, for which permitting and planning work has begun.

The 2D seismic program at Project Icewine has commenced, as planned, and is on schedule with approximately 15% of the total program having been completed to date.

Forward Plan
Further work is underway to refine the frac design for the planned Icewine#2H well, including:
· Proppant Embedment - determines the optimal size and type of proppant;

· Fluid Sensitivity - determines the best fluid type for carrying proppant and minimising chemical interaction with the rock; and

· Borehole Stability - determines stress direction for optimisation of orientation of lateral section.

The results from this analysis will be known over the next few weeks.

Progress is being made on the Independent Resource Report, which is on track for release in early - mid April. The report will incorporate both the HRZ evaluation results from the Icewine#1 well and the November 2015 acreage additions.

Managing Director of 88 Energy Limited, Dave Wall commented: "As expected, the permeability results from the 'super highways' are excellent and provide further support for a resource play that could yield production rates more akin to those normally experienced in conventional wells. An increasing body of evidence from Icewine#1 supports a case for potentially exceptional flow rates from the HRZ. The next step is to test this theory via the drilling of Icewine#2H, which will be a horizontal well with a multi-stage fracture stimulation.

Our 2D seismic program has also commenced on schedule and we look forward to its successful completion over the coming weeks, which will both de-risk drilling for Icewine#2H but also potentially identify conventional prospects across the Project Icewine acreage."

88-energy-ltds-alaska-shale-to-rival-eagle-ford-broker-says-

StockMarketWire.com
88 Energy has announced a 293% increase in HRZ recoverable liquids resource following an independent estimate by DeGolyer & MacNaughton at Project Icewine, onshore North Slope of Alaska.

Highlights:
- Estimate for HRZ increased to 1.4 billion barrels oil equivalent

* Probability of geologic chance of success increased from 40% to 60%

* Estimated productive acres 42% of Project Icewine Total (for mean case)

- Internal resource estimate for HRZ Increased to 3.6 billion barrels oil equivalent

* Estimated productive acres 70% of Project Icewine Total (for mean case)

88 Energy managing director Dave Wall said: "The large upgrade to the resource potential at Project Icewine highlights the unique leverage that a project with this possible magnitude provides to investors. "We look forward to providing additional information related to the project as we continue to complete the current 2D seismic acquisition and mature plans for the Icewine#2H well."

Amazing potential just wait until the 2D results are in!!

Typo errors found in the independent estimate take the sp down another 20%.

oh dear oh dear oh dear
this could be one of lenigas's vehicles, though perhaps they have just been taking lessons

Sub 2p and probably sub 1.5p soon imo.

There will probably be a placing to raise funds sooner rather than later, if it was a Lenigas share he would deny it!:o)

StockMarketWire.com
Trading in 88 Energy's has been halted on the Australian Securities Exchange pending the release of an announcement in relation to a potential capital raising. Its shares will continue to trade on AIM during this period. It is currently intended that any such capital raising will utilise the company's existing authorities and will not be subject to shareholder approval. The company says that no terms for any such capital raising have been agreed and there can be no guarantee that a capital raising will be completed.

StockMarketWire.com
88 Energy reports significant progress on all fronts at Project Icewine, located onshore North Slope of Alaska.

Highlights include:
- Acreage award finalised for ~173,000 Additional Acres. 88 Energy now holds 210,250 acres

- Icewine#2H well and stimulation design for HRZ in final stages

- Official tender process for Icewine#2H major contracts to commence in July; several suitable rigs have been identified for drilling of Icewine#2H

- Well permitting on track for completion ahead of scheduled spud in Q117

- Well performance modelling indicates potential for improved economics

- 2D seismic initial results from processing and interpretation expected in August

Managing director Dave Wall said: "The project continues to move forward with significant progress made on all fronts.

"Well planning, contracting and permitting remain on track ahead of the scheduled spud of Icewine#2H in Q1 2017 when the productive potential of the HRZ will be tested potentially unlocking a huge resource play on the North Slope of Alaska.

"Any conventional prospectivity indicated by the recently acquired 2D seismic will be icing on the cake for shareholders."

StockMarketWire.com
88 Energy said it now holds 210,250 net acres and the acreage award was finalised for ~173,000 additional acres.

HIGHLIGHTS
- Icewine#2H well and stimulation design for HRZ in final stages

- Landing zone narrowed to two horizons

- Official tender process for Icewine#2H major contracts commenced in July 2016

- Several suitable rigs were identified for drilling of Icewine#2H

- Well permitting on track for completion ahead of scheduled spud in 1QCY17

- Well performance modelling indicates potential for improved economics

- P50 resource mid case cost scenario breakeven below $40 oil price

- Integrated petrophysical model for Young's and Poisson's validated by core data

- 2D seismic initial results from processing and interpretation expected in August

- A$25m oversubscribed placement completed to institutional investors in Australia and UK, end of June quarter net cash reserves of A$20.3m

I feel quite comfortable holding on to these, whilst obviously still speculative, with a breakeven below $40 oil price then if there is oil in quantity then I would be a little disgruntled if I sold now!

StockMarketWire.com
88 Energy in consultation with its partner, Burgundy Xploration, has finalised the well design for Icewine#2, located onshore North Slope of Alaska.

Upon strategic review of the desired objectives for Icewine#2, the joint venture has concluded that a vertical well with a multi stage stimulation is superior to the initially proposed lateral well.

The vertical well design will allow the joint venture to:
- test production potential of entire HRZ/HUE interval with potential for resource upgrade

* HRZ remains premier reservoir and primary target

- enhance dataset for landing zone selection of future laterals

- decrease drilling risk associated with a more complex lateral completion

- increase availability of suitable rigs and result in a more competitive tender process

- lower the estimated cost of the well completion by ~US$5m, meaning that 88 Energy is fully funded for the costs associated with Icewine#2 from its current cash position

Managing director Dave Wall said: "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.

"Additionally, we are highly encouraged by the initial results from the 2D seismic at this very early stage of interpretation."

Oh no! A delay in the results of the 2D seismic! Everybody sell.....please, so that I can get some more on the cheap! Potential still there, still speculative but to accumulate you have to speculate! :o)

"we are highly encouraged by the initial results from the 2D seismic at this very early stage of interpretation." Sounds good enough to me!

you could always add REM or KOOVS to your portfolio for greater quality

Right oh lol,

KOOVS thread -

cynic - 16 Feb 2016 15:08 - 57 of 60

as i have said several times and indeed from the very off, this is a share for mugs only

Lol! :o)

:-))

This has been a good share to trade, sitting on totally free shares now, so I'm happy whichever way it goes. Preferably up.....and up again over the next couple of years! :o)

Good for you. :-))

Today, as usual, did the trade too soon!:o(

Proactive Investor - 88 Energy (LON:88E) shares were going the way of its new drilling plans (vertically downwards) having fallen 18% after they were announced this morning. It is scrapping previous lateral drilling plans for a vertical well, which is much cheaper. Obviously the cost-cutting has meant some shareholders have lost faith.

Was watching these today was down 25% first thing could be a cash call coming..

Massive volume on this stock could go up just as quick as it went down once it hits the bottom..

Still on the watch list. Falling knife at the moment.

Bought some @ 2.385p

Reasons: Had a large fall for the last few days and the large buying today should be the bounce back on its way as the overhang is being cleared. Level 2 of 2 v 1 and paying 2.385p to buy for 2.33p to sell.

getting there now 2.40 v 2.50p

level 2 of 1 v 1

Finishing with a Candlestick "hammer" is very bullish on the charting front and the bounce should take the stock back to 3.50p
A hammer is a type of bullish reversal candlestick pattern

1 month chart 88E


Hammer: Hammer candlesticks form when a security moves significantly lower after the open, but rallies to close well above the intraday low. The resulting candlestick looks like a square lollipop with a long stick. If this candlestick forms during a decline, then it is called a Hammer.

Hammer reversal
candlestick_bullish_reversal_patterns-hammer

Hammer (candlestick pattern)
(candlestick_pattern)

And what a bounce today 90 minutes of trading and + 0.275 (+11.22%) naturally the volume is very important on the bounce and the 18M traded so far is a way of saying the bounce is working on and being very strong

mentor
Good call, on board as of this morning 2.6p

Someones trying its best

wish mentor would track some real shares :-)

his chart interpretation is very good, but i confess these twiddly shares are not for me
i don't have the balls the buy swags of them - if even available - and the short-term profit (hindsight of course!) from buying a small number won't even buy a round of drinks

Cynic
I thought you was loaded.

well you thought wrong didn't you

Valuation of the Ice Wine project in Alaska by "atoui"

https://www.scribd.com/document/324144893/Atoui-M-2016-MEF-MSc-Thesis

Valuation

https://www.scribd.com/document/324144893/Atoui-M-2016-MEF-MSc-Thesis

Research Note

http://88energy.com/wp-content/uploads/2016/09/88E-Update-Report-12092016.pdf

Bought back into these today after a bit of an absence

Still holding mine, and the shares!😀

:-)

How odd, bought some this morning myself!

Chart analysis: 88 Energy - By Alistair Strang | Thu, 22nd September 2016 - 09:15

88 Energy (88E) making its way now below 1.5p would be a 'Bad Thing' as weakness to 1.18p seems about right. But our secondary of 0.12p is downright scary. Or rather, it would be had the price not been exploring these depths during 2015.

Some slight hope comes from the light blue line on the chart below as the share price sleepwalked through this level at the tail end of last year, hopefully broadcasting that the olden days since 2014 are gone and good times still are ahead.

Currently, the price is essentially messing around and needs better than 'blue' (3.6p currently) to signal some proper growth to an initial 5p with secondary a very useful 6.25p.

In terms of Big Picture stuff, this actually needs above 17.5p to be taken very seriously as, for now, it's just messing around.

Proactive investor - 88 Energy price could more than double in the coming months, says chart guru Zak Mir
Share
08:00 01 Oct 2016


88 Energy Plc (LON:88E) shares are in an uptrend, highlights chart guru Zak Mir, who reckons the Alaska focussed explorer could more than double in the coming months.
Mir, in a TIP TV segment for Proactive Investors, says a rally up as high as 5p could come in the next three to six months.
Studying the chart he notes that a ‘golden cross’ trigger preceded a sharp rise in 88 Energy’s share price early in 2016, and it has remained in an uptrend since.
That is positive for traders even if they don’t want to know anything else about the chart he says, though he adds that the stock has also broken through the 50 day moving average which is a key momentum signal.
“Being above the 200 day line, and while it is above it at 1.9p, you’ve got to be positive [about the share],” Mir said.

And up she goes.

That's because I have some. :-))

No, no! It's 'cos I've got some! Nah na na nah na! 😀

You stay well clear. :-))

Too late, I had some first! 😄

Excuse me !!!!!!!!!!!!!!!!!!! I was in here with the last company. :-))



Will 88 Energy shares rally through to the end of 2016?
Share
16:11 03 Oct 2016
Studying the chart Zak Mir notes that a ‘golden cross’ trigger preceded a sharp rise in 88 Energy’s share price early in 2016, and it has remained in an uptrend since.

88 Energy is now planning for the next Icewine well
88 Energy PLC (LON:88E) shares may be off the year’s earlier highs, but, according to chart guru Zak Mir, the price could head back towards 5p in the coming months.
Mir, in a TIP TV segment for Proactive Investors, highlights that 88 Energy shares are in an uptrend.
Studying the chart he notes that a ‘golden cross’ trigger preceded a sharp rise in 88 Energy’s share price early in 2016, and it has remained in an uptrend since.
Now watch Zak Mir’s analysis 
That is positive for traders even if they don’t want to know anything else about the chart he says, though he adds that the stock has also broken through the 50-day moving average, which is a key momentum signal.
“Being above the 200-day line, and while it is above it at 1.9p, you’ve got to be positive [about the share],” Mir said.
Those following the 88 Energy story closely will know the Alaska-focussed explorer is currently working on the evaluation of its potentially big oil discovery in a shale play, and it is beginning preparations for its next 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 will enable a multi-stage fracking programme. 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.

Oh no! That's so not fair!! I shall sulk for the next 30 minutes!😁

:-)) or for you :-((

Behave, check out the chart on ALT we are all on the wrong share..

ALT may well fall hard after the company rns today, saying they are baffled by the sp increase.

dc
We will see £3 target some are saying. interesting from the side lines..

A good couple days of rises

proactive investor -

New Alaska discovery underscores 88 Energy’s untapped potential
Share
13:44 05 Oct 2016
Data from two well in Alaska's North Slope region has unearthed a 6bn barrel oil discovery. It shows the potentially significant untapped potential for 88 Energy, which at the moment is prioritising its 1.4 to 3.6 billion barrel shale play.

88 Energy operates 271,000 contiguous acres on the North Slope.
88 Energy Ltd (LON:88E) shares advanced around 2.5% on Wednesday  following news of a new oil discovery in Alaska which could bode well for the shale group’s secondary goal of unearthing conventional resources.
Overnight Caelus Energy, a privately owned oil firm, revealed that Alaska had another very large new conventional oil discovery.
It announced what it described as a “significant light oil discovery’ in shallow arctic (frozen) waters in Alaska’s North Slope region.
Based on results of two wells drilled in 2016 and a seismic programme Caelus estimates the Smith Bay oil discovery in the order of 6bn barrels within its leasehold area. It adds that the broader play, referred to as the Smith Bay fan complex, could exceed 10bn barrels.
Significantly, Caelus says a recovery factor of 30-40% could be possible due to the “favourable fluids” it has observed.
Alaska’s North Slope is very much in focus for explorers, thanks to a number of breakthrough successes and the state’s support for exploration ventures. For example, Armstrong Oil and Gas unearthed the 1.4bn barrel Nanushuk discovery.
AIM quoted 88 Energy’s priority is its new shale discovery, which is also believed to have ‘multi-billion barrel potential’, most recently estimated between 1.4-3.6bn barrels, though it does remain interested in exploring for conventional reservoirs.
As a holder of a large acreage positions on the North Slope the company remains among those best placed to make the next big conventional discoveries.
88 Energy operates some 271,000 contiguous acres onshore. And aside from the HRZ shale discovery, it sees a number of conventional prospects that continue to be derisked by the successes of others in the region.
Indeed, drilling at the shale targeting Icewine well proved working conventional petroleum systems, in the Brookian & Beaufortian plays.
Quantifying the conventional opportunity was one of the key objective of a seismic programme completed for 88 Energy in May.
88 Energy is presently advancing its planning for its next shale well, designed to follow up its success in 2016.
Caelus's Smith Bay: A huge new discovery
Detailing its new discovery Caelus Energy revealed that two wells Caelus-Tulimaniq 1 (CT-1) and CT-2 targeted a large Brookian fan complex, believed to span 300 square miles. This target was confirmed in both wells.
Each well measured gross hydrocarbon columns in excess of 1,000 feet. Some 183 feet of net pay was measured in CT-1, while in CT-2 there was 223 feet.
Caelus said seasonal time constraints prevented either well form being flow tested, but subsequent analysis confirmed the presence of reservoir-quality sandstones containing light oil, between 40-45 degree API gravity.
A development of the Smith Bay discovery could deliver some 200,000 barrels of oil per day, according to Caelus.
The company now plans an appraisal programme to include a new well and new seismic.
Jim Musselman, Caelus chief executive, in a statement said: “This discovery could be really exciting for the State of Alaska. It has the size and scale to play a meaningful role in sustaining the Alaskan oil business over the next three or four decades.”
He added: “Fiscal stability going forward is critical for a project of this magnitude. Without the state tax credit programs, none of this would’ve happened, and I’m not sure Caelus would’ve come to explore in Alaska. We’re proof that the credit programs work.”

Significant Conventional Potential Identified at Project Icewine
88 Energy Limited (88 Energy, the Company, Operator) (ASX, AIM: 88E) is pleased to provide an update on Project Icewine, located onshore North Slope of Alaska (77.5% working interest, 88 Energy).

Highlights
Interpretation of modern 2D seismic data acquired by 88 Energy in early 2016 has identified multiple large conventional leads in Brookian Sequence across the Project Icewine acreage.
758 million barrels of prospective mean recoverable oil (gross) identified in current top 5 leads (587 million barrels net to 88E, based on internal estimates) * Alpha lead located in close proximity to existing transport infrastructure and Trans Alaskan Pipeline with 118 million barrels prospective mean recoverable oil (gross)* Further seismic interpretation and mapping ongoing: ~50% complete with potential for additional leads to be identified
Seismic Interpretation and Mapping
88 Energy has progressed the interpretation of the 2D seismic data acquired early in 2016. Based on the preliminary interpretation 88E has identified a number of encouraging conventional leads within the Brookian sequence. These leads are predominantly stratigraphic and considered to be associated with slope apron and basin floor fan systems. Although at an early stage of assessment 88E is encouraged and considers them to have similar potential to other productive fan plays identified on the North Slope. At this interim stage approximately 20 leads have been provisionally mapped across the Icewine acreage of which five key leads have been prioritised for early maturation."

Proactive investor - Just how much oil can 88 Energy unearth in Alaska?
Share
17:03 18 Oct 2016
A scan of Icewine’s inventory reveals some very bold numbers: 3.6bn is estimated in shale, whereas conventional oil could exceed 750mln barrels.

INVESTMENT
OVERVIEW: 88E
The Big
Picture
Icewine is known to host oil, estimates say there's an awful lot of it
Up nearly 500% in the year to date 88 Energy Ltd (LON:88E) has been among AIM’s favoured stocks as the market recovers from the past turmoil of falling crude prices.
It all follows the success at Project Icewine, an area of Alaska’s North Slope that is now known to host oil, and is believed to host an awful lot of it.
Just a scan of Icewine’s inventory reveals some very bold numbers.
First and foremost Icewine is about shale. 88 Energy’s drilling has not only confirmed the presence of the targeted HRZ shale zone but well results have massively exceeded expectations.
Another 750mln barrels seen at Icewine
Chartist tips 88 Energy share price to double
88 Energy lays out new drill plans
The company’s own estimates put the discovery at around 3.6bn barrels, while an independent assessment of just a portion of the area yielded an estimate of 1.4bn.
New drilling plans are currently being drawn up, with the next programme slated for the first quarter of 2017.
Icewine’s HRZ shale is plainly a project of immense potential - albeit there is still much to do - but it is not the whole story.
Oil discoveries and big new targets in Alaska
Alaska is presently enjoying something of a boom in exploration, measured by successes in not total activity. And earlier this month came the announcement of a very significant discovery.
Caelus Energy, a privately owned oil firm, revealed that Alaska had a large new conventional oil discovery in the North Slope region.  It described the find as a “significant light oil discovery’.
Estimates, based on results of two wells and a seismic programme, put Caelus’s Smith Bay discovery in the order of 6bn barrels – that’s the company’s within own leasehold area, and it said there could be more than 10bn altogether including the broader play.
Significantly, Caelus says a recovery factor of 30-40% could be possible due to the “favourable fluids” it has observed. It reckoned some 200,000 barrels of oil per day could flow from a development in the future.
The discovery has particular significance for 88 Energy too, as the company has always identified the potential for conventional oil discoveries within its 271,000 contiguous acres of the North Slope.
88 Energy has now put more detail on these expectations, following the partial completion of analysis and interpretation of new seismic data.
Better than expected new seismic data has allowed the company to identify some 758mln barrels of prospective resources across its ‘top 5’ exploration leads.
It highlighted one in particular, the Alpha lead, which is estimated at 118mln barrels and is located in close proximity to both transport infrastructure and the Trans Alaskan Pipeline.  The Bravo lead, meanwhile, is the largest to be identified so far, estimated at 273mln barrels.
88 Energy told investors it is still only 50% through the seismic interpretation process. Analysis and interpretation of the data continues.
“Whilst the HRZ remains the company’s primary target and the focus of our short-term activity with the upcoming Icewine#2 well scheduled for spud in the first quarter of next year, the interim results from the 2D seismic acquired earlier this year have significantly exceeded our expectations,” said chief executive Dave Wall.
“It has taken a little longer than initially planned to process and interpret, as the number of features we are seeing is greater than anticipated.”
Wall told investors that the final findings from seismic are due to be announced later this year.
He added: “We expect the two recent billion barrel discoveries in the Brookian sequence by both Armstrong Oil & Gas and Caelus Energy to be a catalyst for increased industry interest in the region.
“Whilst not strictly analogous to the Brookian play potential at Project Icewine, these discoveries highlight the significant conventional oil resource on the North Slope yet to be discovered through utilisation of modern seismic technology.”
Icewine has matched or exceeded expectations
In spring 2016, Dave Wall used the word ‘astounding’ when describing the correlation of pre-drill expectations for the Project Icewine well with the actual results to date.
A project update in April, put the size of the prize sharply in focus for investors with an independent expert estimating ‘billion barrel’ potential in the HRZ shale.  It was the latest in a string of positive, albeit technical updates from the company.
The first Icewine well broke ground in Alaska about a year ago. Success and subsequent analysis confirmed that the HRZ shale formation is permeable, and it believes the shale is sufficiently porous.
Other analysis, meanwhile, indicated that a large part of the acreage is located in a ‘sweet spot’ for thermal maturity. The upshot of this is that the potential hydrocarbon resource is believed to comprise oil (with relatively low viscosity) and ‘wet’ gas.
Such details are still not conclusive of a commercial success, but are plainly encouraging.
88 Energy has understandably been a popular stock for investors, and that was further underlined in a A$25mln funding during 2016.
All has gone to plan at Project Icewine, so far
To understand the significance of the Icewine success to date it is important to understand what 88 Energy and its exploration partner Burgundy Exploration set out to achieve. Results from Icewine have to date either met or exceeded expectations – expectations set by out by shale expert Paul Basinski.
Basinski, staked in the project via vehicle Burgundy Xploration vehicle, is an esteemed geologist who was among the early pioneers of the Eagle Ford shale play.
His exploration concept predicted that the HRZ could be another large ‘play’ similar to those unearthed during the recent US shale boom, and, put simply, the findings from the Icewine well has have backed up his predictions.
It is a big shale discovery, the experts can agree that much
 A new independent resource estimate, unveiled on April 6, saw some 1.4bn barrels of oil equivalent in a ‘productive area’ of the HRZ shale that spanned around 42% of the Icewine project area.
The consultant, DeGolyer & MacNaughton (D&M), also upgraded its view on the ‘probability of geologic chance of success’ to 60%, from 40%.
Internally, meanwhile, 88 Energy and Basinski’s Burgundy Exploration estimate there is some 3.6bn barrels of resources, across a larger 70% of the Project Icewine area.
In a statement, 88 Energy highlighted that the assumptions used by D&M are largely consistent with the internal view of the project, and the main differences between the two relate to differing opinions of how much of the Icewine acreage will prove to be productive in the ‘success case’.
88 Energy added that the internal view is based on experience and past expertise within the joint venture relating to the development of the Eagle Ford shale. It added that the initial Icewine well’s confirmation of the pre-drill thermal maturity model was also a factor in the group’s more positive assessment.
“D&M's assumption is largely driven by statistical analysis over a larger selection of global shale plays at a similar stage of life cycle,” the company explained.
This Alaska shale could rival the Eagle Ford, so says Cenkos
City broker Cenkos earlier this year summed up the huge potential of Icewine, saying it could rival Texas’s colossal Eagle Ford shale
Analyst Jack Allardyce described the HRZ shale found in the Project Icewine well as “a major new play”, as he initiated a ‘buy’ recommendation for the AIM quoted explorer back in April.
Although the analyst points out this remains early days for 88 Energy – and he holds back from giving an indication of 88 Energy’s potential value– Allardyce does say that it is one of the most exciting stocks listed in the UK.
“While the still early-stage nature of Project Icewine makes valuation highly speculative, what is clear is that the company has already uncovered a potentially major new play in a relatively under explored, but hugely prolific region,” Allardyce said.
“As it continues to de-risk the HRZ and begins to quantify conventional prospectivity, we believe it will continue to add significant value to its acreage.”
He goes further, to highlight the high level of potential industry interest in the project. “Given the scope of a commercial development we would expect major oil companies and North American independents to be likely suitors for the project.
“In our view 88E is likely to have a captive audience were it minded to divest part of or its entire stake in the project, given the major operators on its doorstep.”
88 Energy’s recent record suggests there’ll be plenty more news to come, and it certainly looks to be a stock to watch closely.

StockMarketWire.com
88 Energy has reached agreement for a placement to raise gross proceeds of A$11m to two US-based institutional investors.

The net proceeds will be used to strengthen the company's balance sheet ahead of the upcoming drilling of Icewine#2 in the first quarter of 2017, pursue complementary growth opportunities in Alaska and for general working capital purposes.

https://youtu.be/MzHJ5SSQRBk

Proactive investor -88 Energy’s conventional oil potential is becoming very hard to ignore
Share
09:02 27 Oct 2016
“There’s a lot more oil to be discovered on the North Slope, we’re seeing that happening and hopefully we’ll be next,” says 88 Energy managing director Dave Wall.

88 Energy will drill a shale well in 2017, but there'll be two conventional wells nearby
The conventional oil potential at Project Icewine may be the ‘sleeper’ in the 88 Energy Ltd (LON:88E, ASX:88E) portfolio, but it’s the kind of noisy sleeper that has become very hard to ignore.
Icewine’s HRZ shale, a now-proven system on Alaska's North Slope estimated in excess of 2.5bn barrels, is obviously priority number one.
And in the coming months, attention will be firmly on 88 Energy’s second well, due to spud in March.
Nevertheless, the conventional play could be a big deal too.
88 Energy’s seismic and partial desktop analysis has identified some 20 exploration leads – the interpretation process is only half way through.
The detailing of the ‘top five’ thus far gives the company around 750mln barrels of potential resources.
The ever-growing catalogue of exploration opportunities is the reason for the over-run on the current phase of desktop work, according to 88 Energy boss Dave Wall.
“I think one of things that we haven’t really managed that well is people’s expectations in the market about timing of when this (seismic interpretation) would be complete,” Wall told Proactive Investors.
“I guess the short story is that if we were seeing nothing or very little – it would have been complete a long time ago.
“But, because we are seeing a lot more than we were expecting to see it is taking longer.”
Wall added: “Hopefully people can understand that it is taking longer for good reason.”
Alpha is perhaps the ‘best’ - albeit not the largest - of the new conventional exploration leads.
It is estimated at around 118mln barrels and, significantly, it is conveniently located in terms of surface infrastructure.
Running beneath the road and pipeline infrastructure in the Icewine area, Alpha could be an ideal starting point for conventional exploration.
In fact, Wall says it could even be tested from the same gravel pad that will host the upcoming Icewine 2 shale well.
Bravo, as its name suggests, is the second most notable new exploration opportunity.
It is much bigger than Alpha, currently estimated at 273mln barrels, but it is not quite as accessible.
Investors will no doubt be excited to hear the full findings once the analysis and cataloguing process is complete.
It will likely provide punchy numbers and exciting headlines. But, the real focus on conventional oil will sharpen through the first half of 2017 as third party wells are drilled nearby.
Wall says the nearest of two exploration wells planned for 2017 will be just a few miles from the northern boundary of the Icewine acreage.
Alaska’s North Slope has delivered some big conventional oil discoveries in recent years, but success in these two will mean most to 88 Energy’s Icewine acreage.
Significantly, the new wells to the north are targeting the same horizons as 88 Energy is seeing in the seismic.
Wall noted the importance of the current desktop work, ahead of the nearby drilling.
“We need to assess the conventional potential, particularly because there’s going to be drilling into those horizons just to the north of us in the first half of next year,” he said.
“If we didn’t understand what we had prior to that drilling then if there is some success up there we wouldn’t really be able to quantify the look through to us. So now [as a result of the seismic] we will be in a position to do that.”
Wall highlights that the surge in exploration success on Alaska’s North Slope has been aided by improvements to technology, specifically the advances in seismic exploration that have allowed prospectors such as 88 Energy to look beneath the thick permafrost.
These techniques have helped Repsol and Armstrong Oil and Gas discover some 1.4bn barrels of crude around 30 miles north-west of the Project Icewine territory (which itself spans some 420 square miles, or 217,000 acres).
More recently, just a matter of weeks ago, privately owned Caelus Energy announced the North Slope’s newest discovery with some 2.5bn barrels of recoverable crude estimated – it is about 60 miles north west of Icewine.
“There’s a lot more oil to be discovered on the North Slope, we’re seeing that happening and hopefully we’ll be next,” Wall added.

Quarterly activities report

31 October 2016 88 ENERGY LIMITED

QUARTERLY REPORT
Report on Activities for the Quarter ended 30 September 2016



http://www.moneyam.com/action/news/showArticle?id=5440158

Nice stream of blue. Good buying opportunity .

Proactive investor -


88 Energy could double on appraisal drilling success, research report says
Share
08:16 11 Nov 2016
Success with the next well can put 88 Energy in a strong position, EverBlu Research says.

88 Energy is in a strong position, the analyst said.
Upcoming work programmes at 88 Energy Ltd’s (LON:88E, ASX:88E) shale venture in Alaska can draw the attentions of ‘all the oil majors’, according to a report by Sydney based EverBlu research.
Analyst Gavin Van Der Wath, who says 88 Energy is a ‘buy’, reckons the upcoming drilling at project Icewine can double the explorer’s share price.
A successful appraisal well to confirm the shale project’s viability would give the company a value in the range of US$150mln and US$380mln (while upside scenarios approach US$1bn).
It can put 88 Energy in a strong position, according to the analyst.
“We believe that a successful appraisal well, the potential resource size and subsequent scope of commercial development would attract the attention of all the oil majors, placing 88E in a strong negotiating position and allowing the company its pick of partners, should it so choose.”
Summing up the 88 Energy opportunity, van der Wath highlighted: “The company’s primary objective is to assess a new unconventional play with gross mean unrisked recoverable hydrocarbon liquids of 2.6Bbbl.
“An equivalent conventional target of 758MMbbl has also been identified. Compelling prospectivity, confirmed by the project’s maiden well, prompted the decision to drill an appraisal well. Planning and permitting is well advanced and should spud within the next 6 months.
“A successful outcome could see the share doubling to AUD 0.08 per share.”

Everblu- initiation of coverage on 88E - Buy

Operational Update
PRN
2 December 2016
88 Energy Limited
Operational Update
88 Energy Limited (88 Energy, the Company, Operator) (ASX, AIM: 88E) is pleased to announce the following operational update in relation to Project Icewine, located on the North Slope of Alaska (77.5% Working Interest, Operator).
Icewine#2 Progress
Permitting
Permitting remains on track for completion well ahead of the scheduled spud date for Icewine#2 in late Q1 2017. Two of the major permits, the Plan of Operations and Oil Discharge Prevention and Contingency Plan, have just passed major milestones in the permitting process with no problems identified.
Vendor Selection
With the design of the well, logging program and stimulation design now largely finalised, 88 Energy anticipates conclusion of key vendor contracts over the coming weeks, including rig selection. Availability of equipment for the planned design and schedule has been ascertained and no issues are expected on this front.
2D Seismic Update
Processing
Final processing of the Icewine 2D vibroseis data acquired by 88 Energy during the first half of 2016 across the Project Icewine acreage was successfully completed in November.  
Conventional Prospectivity Review
The range of preliminary leads identified in the Brookian and Beaufortian sequences, along with additional mapped leads have been matured and now form the basis of a diverse conventional Prospect and Lead inventory across the Project Icewine acreage.
The majority of leads identified are stratigraphic: typically comprising slope apron, basin floor fan systems and turbidites. These leads are within proven play fairways with successful analogues on the North Slope.  
A number of leads are associated with enhanced seismic amplitudes which is considered promising as it can indicate the presence of hydrocarbons. To further evaluate the enhanced amplitudes, an amplitude versus offset (AVO) analysis was undertaken -  this work is ongoing and the initial results are encouraging.
AVO response associated with Leads and Prospects is a useful tool as it can be used to rank and de-risk exploration targets. An image of AVO support with mapped lead is available on the pdf version of this announcement which is available from the Companys website.
The forward plan is to fully mature the conventional Prospect and Lead portfolio and highgrade potential candidates for future exploration drilling. This will include finalisation of the volumetric estimation of the prospective resource potential, prior to year end.
Managing Director of 88 Energy Limited, Dave Wall commented: Operational activity associated with the near term spud of Icewine#2 is ramping up and the Company is on the cusp of testing the flow potential of the HRZ resource play. Our large acreage position and the quality of the rock means that the potential resource prize is enormous and success would be truly transformational.
Additionally, the conventional portfolio continues to firm up, exceeding our expectations.
We look forward to providing additional news on both fronts in the near future.
Media and Investor Relations

All good in the RNS, reasonable volume each day and the sp goes......down!

Up a couple of percent one day then down, Seems as though it is being kept in a trading zone .

Bought some @ 2.095p

Plenty of buying as it has marked down from the start.

Seems to be dropping day after day. :-((

Will be getting a few more at this price or lower if poss.
Q1 2017 is the time for this one.

2.15p +0.15p

WINS have been good today and so far is absorbing the sells at 2.10p
But it looks the bottom had finally been reached yesterday/very early this morning

Clearly played yesterday.

Who did MMs?
The seller?
or any buyers?

happy with my under 2.10p buy on the 6th

MMs, no reason to fall yesterday or gain like it has today. I'm happy.

After such a long pause, finally the offer @ 2.30p has gone and now the 2.25p bid is well supported by 2 MMs

lets see if more are getting into the stock once that point was broken

Major shareholders

-- Notifier --- Holding --- Value
Jacka Resources Limited 51,004,431 £1,160,351
Mr Donald Jeffrey Smith 22,500,000 £511,875
Peninsula Investments (Wa) 14,000,000 £318,500
Westblade Pty Ltd .... 5,000,000 £113,750
Ablett Pty Ltd ....... 4,050,000 £92,138
Australian Global Capital 4,000,000 £91,000
Shebdon Investments 2,628,996 £59,810
David Wall ....... 9,979,166 £227,026
Michael Evans ..... 9,416,667 £214,229
George H. S. Staley 5,816,667 £132,329

RNS due in the morning; successful bid to increase acreage.

and SP :-)) cheers kim.

Acquisition of Rights
RNS
RNS Number : 8958R
88 Energy Limited
14 December 2016
 
15 December 2016
88 Energy Limited
 
Acquisition of Rights to Secure
Substantial Increase in Alaska Land Holding
 
88 Energy Limited ("88 Energy", "the Company") (ASX, AIM: 88E) is pleased to announce the following update in relation to Project Icewine (77.5% Working Interest, Operator), located on the Central North Slope of Alaska.
 
Highlights
 
·     Accumulate Energy Alaska, Inc. ("Accumulate", a 100% subsidiary of 88E) and JV Partner, Burgundy Xploration LLC ("Burgundy") declared high bidder on ~142,560 acres on the Central North Slope (Accumulate 77.5% working interest)
 
·     Burgundy declared high bidder on additional 279,360 acres on the Central North Slope (Accumulate retains back in right for 30% of these additional acres at cost)
 
·     Net land position for Accumulate (assuming all rights taken up) now over 400,000 acres on the Central North Slope (Joint Venture gross position over 690,000 acres)
 
Managing Director of 88 Energy Limited, Dave Wall commented:
 
"Our success in this bid round provides us with the ability to significantly increase our acreage position on the North Slope and highlights the confidence that management has in both the HRZ unconventional play as well as the conventional prospectivity at Project Icewine.
 
The upcoming drilling of Icewine#2 will test the flow potential of the HRZ in 1H 2017 and, with the additional acreage, we have now maximised the potential upside exposure for our shareholders in the event of success.
 
We look forward to providing additional news on all fronts in the near future."
 
Central North Slope Alaska - Acreage Details
Additional analysis of the results from the Icewine#1 well by the Company's JV partner, Burgundy, has refined the potential HRZ resource play sweetspot. This resulted in a joint decision by 88 Energy and Burgundy to seek rights to a substantial increase in acreage in the December 2016 Central North Slope Alaska bid round.
 
Accumulate elected to bid its pro rata entitlement of 77.5% working interest on 142,560 gross acres, based on the original Area of Mutual Interest ("AMI"). Given Burgundy's desire to lease a substantially larger area, being an additional 279,360 acres, the Joint Venture agreed to modify the AMI, extending its boundary to include all of the additional leases bid on by Burgundy and to change the working interest for Accumulate's back in right to 30%.
 
As per previous bid rounds on the Central North Slope of Alaska, the Joint Venture participants each funded their share of a 20% deposit of the gross bid amount (88E net deposit paid US$600k), the balance of which is paid on official award in several months' time.
 
Conventional Update
Finalisation of the 2D seismic interpretation over Project Icewine identified the extension of a prospective play fairway on the western margin of the acreage where a number of promising leads have been mapped, all with stacked pay potential. The acquisition of the new leases by the Company captures the full potential of these leads which will be further evaluated in conjunction with the continuing conventional prospectivity review of the Icewine acreage.
 
Vintage exploration wells within the newly acquired lease area encountered hydrocarbon shows within the prospective play fairway, which is encouraging, and prospectivity analysis is ongoing

JV area now as big as Cheshire, that's a sizeable tract of land. Should be a very interesting year for 88e, especially when they announce their 2d Seismic results.

Nice paragraph. :-))

"Our success in this bid round provides us with the ability to significantly increase our acreage position on the North Slope and highlights the confidence that management has in both the HRZ unconventional play as well as the conventional prospectivity at Project Icewine.
 
The upcoming drilling of Icewine#2 will test the flow potential of the HRZ in 1H 2017 and, with the additional acreage, we have now maximised the potential upside exposure for our shareholders in the event of success.
 
We look forward to providing additional news on all fronts in the near future."

On the up 8%

Some big buys going through today 10% up

Today has broken up on the charting front

Good to see the sp now make progress, opposed to falling off .

15.385% rise on AUX overnight.

nice. :-))

Another good day in the UK by the looks of things. This and Sound are my two biggest holdings, so hoping for big news from both in 2017!

Well one thing can be guaranteed and that is, there will be news from both, maybe in 2016 for 88E, good or bad! If only the former could be guaranteed!

Busy last half hour. Next news please.

Proactive investor - 88 Energy shares could add more than a third in coming months

09:55 12 Jan 2017


The ‘King of Charts’ Zak Mir is tipping oil and gas explorer 88 Energy ltd (LON:88E) to add more than a third to its share price over the coming weeks and months.
In the latest episode of the Proactive Investors Bulletin Board, Mir says: “The view at the moment is while we’re above the 50-day moving average of 2.3p we could at least retest the August resistance zone towards 3.5p.”

RNS out in the morning will confirm that the results from the 2D seismic interpretation continue to exceed expectations for the conventional potential across Project Icewine and whilst the conventional Prospective Resource is very large, it is eclipsed by the potential of the HRZ, especially given the recently expanded acreage position. Additionally, the HRZ has been de-risked via analysis of the results from Icewine 1 and remains the Company's primary objective. Preparations for the drilling of Icewine 2 remain on track.

Taking its time this one.

Bought some @ 2.475p

Has been around this bottom for a few days, and Indicators are turning up.

--

Quarterly activities report

Investor Briefing

RNS


RNS Number : 9010V

88 Energy Limited

02 February 2017




2 February 2017



Investor Briefing London 20th February 2017



88 Energy Limited ("88 Energy", "the Company", "Operator") (ASX, AIM: 88E) is pleased to invite investors and analysts to register their interest for attendance at an Investor Briefing to be held in central London on 20th February 2017, commencing at 4.30 p.m..



Registration details and further information will be supplied upon successful confirmation communication by the Company with each recipient. 88 Energy reserves the right to select attendees at its sole discretion. The session will be recorded and made available on the Company's website for those unable to attend in person.

Hmmm drifting south.

Let the hand brake off.

Rig Contract Executed for Drilling of Icewine#2
88 Energy Limited (ASX, AIM: 88E) is pleased to provide an update on Project Icewine, located onshore North Slope of Alaska.
Highlights
· Rig contract executed for drilling of Icewine#2 appraisal well
o Doyon Drilling Inc's ("Doyon") Arctic Fox rig expected to mobilise to Icewine#2 location between 30th March - 30th April post completion of drilling on nearby acreage
· Spud date revised from late Q1 2017 to early Q2 2017
Managing Director of 88 Energy Limited, Dave Wall commented: "We are delighted to be working with Doyon for the upcoming drilling of Icewine#2. The Arctic Fox is one of the premier rigs on the North Slope and will be coming to us 'warm' off its current job, which has several significant benefits.
As soon as the Arctic Fox finishes work associated with its current job, we will be ready to start mobilisation and rig up for Icewine#2. Spud is now scheduled for a few short weeks post our initial plan of late Q1 2017.
Additional details in relation to the Icewine#2 well will be released to the market in due course."

Icewine#2 Progress Update
On 16th February 2017, Accumulate Energy Alaska, Inc entered into a contract with Doyon Drilling Inc to utilise the drilling rig, Arctic Fox, for drilling of the Icewine#2 appraisal well. The Arctic Fox is currently completing drilling operations on nearby acreage on the North Slope and is expected to mobilise to the Icewine#2 wellsite between 30th March and 30th April 2017, with spud to follow shortly thereafter.

Proactive investor = Is 88 Energy on the verge of unlocking several billion barrels of oil potential?
Share
15:26 20 Feb 2017
Managing director Dave Wall told Proactive Investors that the spud date for Icewine 2 is anticipated in April.

Icewine 2 will be drilled in 45 days, followed by testing.
The upcoming well for 88 Energy Ltd (LON:88E, ASX:88E) is two years in the making, and managing director Dave Wall says it is ‘crunch time’ for the Icewine project.
88 Energy’s first Icewine well, drilled in late 2015, confirmed a potentially significant new shale play up in Alaska’s North Slope region and the next well, slated for Q2 2017, is designed to test the discovery’s commercial viability.
Wall told Proactive Investors that the spud date for Icewine 2 is anticipated in April, and the well is expected to take 45 days to drill.
“Really this is the key event in terms of unlocking the value of this play,” Wall said in an interview.

Once drilled, the Icewine 2 well will be stimulated and subsequently a production flow test be undertaken, with results anticipated by mid-2017.
The HRZ shale play that’s being tested in Icewine 2 is the priority for 88 Energy, Wall explains, but, in the interview, he also discusses the conventional potential across its large acreage position.
Wall describes the potential for billion barrels of non-shale potential as the ‘cherry on the cake’ for 88 Energy.
Success in the shale project, meanwhile, could unlock resources that are estimated in excess of 3bn barrels of oil.
“We are on the verge of potentially unlocking several billion barrels of oil potential through the drilling of this one well, so it is that pivotal moment that every exploration company gets to at some point in time.
“The upside here is enormous for us.”

hTTps://www.youtube.com/watch?v=BLdUFCVCa0Q

Substantial buys coming in.

On the rise

New presentation 20Feb vid is now on the 88 Web Site.

Menu
Investor
Vidio

http://88energy.com/

The placement announced last week has been significantly oversubscribed. Trading on ASX has recommenced.

StockMarketWire.com
88 Energy has raised A$17m through a significantly oversubscribed placement of 459,459,460 ordinary shares at A$0.037 apiece.

It said the funds would further strengthen its balance sheet ahead of the upcoming drilling of Icewine#2 well, scheduled to spud in early Q2 2017.

It said: "Specifically, the proceeds will provide the company with the financial flexibility to cover any unexpected costs arising from the drilling of Icewine#2, lease payments due in respect of the significant new acreage awarded and ongoing exploration activities."

Managing director Dave Wall said: "As we approach the spud of Icewine#2, it is imperative that the company's balance sheet is managed appropriately to account for worst case scenarios, such as cost overruns on the drilling.

"In the event that everything goes to plan, the additional capital will be used to further the exploration effort at Project Icewine as we look to unlock the large potential of both the unconventional and conventional plays on the acreage."

Not keen on the dilution but very happy with the reasoning behind it!

Operations Commence at Icewine#2
RNS
RNS Number : 0418A
88 Energy Limited
21 March 2017
 
This Announcement Contains Inside Information.
 
21 March 2017
 
88 Energy Limited 
 
Operations Commence at Icewine#2
 
88 Energy Limited ("88 Energy", "the Company", "Operator") (ASX, AIM: 88E) is pleased to provide an update on Project Icewine, located onshore North Slope of Alaska.
 
Highlights
Rig mobilisation complete for drilling of the Icewine#2 HRZ shale appraisal well
​Doyon Drilling Inc's Arctic Fox rig has been mobilised to the Icewine#2 location
​Cellar and conductor installation underway on the Franklin Bluffs pad
Spud on schedule for April 2017
Stimulation and flow test of the HRZ shale expected to commence June-July 2017
 
Icewine#2 Progress Update
 
As of 21st March 2017, the Arctic Fox drilling rig had completed mobilisation to the Franklin Bluffs gravel pad, the location for the Icewine#2 appraisal well. The conductor has been set and installation of the cellar is currently underway. Final permit approval and delivery of additional equipment required for spud remain on schedule for an April 2017 spud.
Managing Director of 88 Energy Limited, Dave Wall commented:
"The Arctic Fox is now on location at Franklin Bluffs and ready to rig up ahead of expected spud in April. All items required to commence drilling in the near-term remain on schedule.
We are now entering an exciting phase of evaluation at Project Icewine as we seek to establish the production potential of the HRZ shale. Regular updates will be provided as appropriate during the course of operations."
 
Pursuant to the requirements of the ASX Listing Rules Chapter 5 and the AIM Rules for Companies, the technical information and resource reporting contained in this announcement was prepared by, or under the supervision of, Mr Brent Villemarette, who is a Non Executive Director of the Company. Mr Villemarette has more than 30 years' experience in the petroleum industry, is a member of the Society of Petroleum Engineers, and a qualified Reservoir Engineer who has sufficient experience that is relevant to the style and nature of the oil prospects under consideration and to the activities discussed in this document. Mr Villemarette has reviewed the information and supporting documentation referred to in this announcement and considers the prospective resource estimates to be fairly represented and consents to its release in the form and context in which it appears. His academic qualifications and industry memberships appear on the Company's website and both comply with the criteria for "Competence" under clause 3.1 of the Valmin Code 2015. Terminology and standards adopted by the Society of Petroleum Engineers "Petroleum Resources Management System" have been applied in producing this document.
 
Media and Investor Relations:

Report on Activities for the Quarter ended 31 March 2017

The Directors of 88 Energy Limited ("88 Energy" or the "Company", ASX & AIM:88E) provide the following report for the quarter ended 31 March 2017.

Highlights
· Conventional prospectivity review completed in the quarter identifying resource potential in convential leads, based on internal estimates totalling;
o 1.5 billion barrels of gross mean Prospective Resources (unrisked)
o 1.1 billion barrels of net mean Prospective Resources to 88 Energy (unrisked)
· Rig contract executed with Doyon Drilling Inc.; Arctic Fox rig mobilised to the Franklin Bluffs pad in March 2017
· Icewine#2 Operations commenced in the quarter, with cellar and conductor installation completed
· Icewine#2 Permit to Drill submitted for approval with spud on schedule April 2017
· Oversubscribed placement to domestic and international institutional and sophisticated investors raised A$ 17 million in the quarter

http://www.moneyam.com/action/news/showArticle?id=5526777

StockMarketWire.com
88 Energy has confirmed that a permit for the drilling of Icewine#2 has been granted by the Alaska Oil and Gas Conservation Commission.

88 Energy said all permits required to spud the Icewine#2 production test well were now complete.

Managing director Dave Wall said: "The Accumulate Energy Alaska team has done a great job, in conjunction with the regulatory agencies in Alaska, in ensuring that all components will be in place for spud of Icewine#2 prior to the end of April.

"We look forward to bringing together the team of employees, vendors and consultants to successfully execute the well over the coming weeks."

On the up, was in the Mail over the W/end as one to watch.

How this oil explorer can hit nine-month highs

Icewine#2 Drilling Commenced
88 Energy Limited ("88 Energy", "the Company", "Operator") (ASX, AIM: 88E) is pleased to provide an update on Project Icewine, located onshore North Slope of Alaska.
Highlights
· Spud of Icewine#2 Production Test well occurred at 1915 24th April (Alaska time)
o Arctic Fox currently drilling ahead

Icewine#2 Drilling Commenced

Drilling at the Icewine#2 Production Test well commenced at 1915 24th April (Alaska time). The Arctic Fox rig is currently drilling ahead in the surface hole.

Production testing remains on schedule for late June / early July.

Further updates will be made as and when appropriate throughout the drilling / testing program.

Managing Director of 88 Energy Limited, Dave Wall commented:
"The spud of Icewine#2 represents another milestone for the Company and its shareholders and we now look forward to a safe operation, above all else.
It is only a few short weeks before production testing begins, which could unlock the huge resource potential of the HRZ shale play."

StockMarketWire.com
88 Energy has confirmed that Icewine#2 drilling operations were on schedule and proceeding without incident.

It said: "Following the spud of the Icewine#2 production test well on 24 April, the Arctic Fox drilling rig has completed drilling the surface hole, reaching a depth of 2,978 feet at 20:33 27th April (AK time).

"Surface casing has subsequently been cemented and a statutory test of the blow out preventer has been completed. Drilling is now underway in the intermediate hole section, which extends from ~3,000 to 10,710 feet." It said production testing remained on schedule for late June/early July.

Harry, it’s difficult to find an undeveloped oil resource anywhere in the western world of this magnitude.

Yes and looks like Trump is going to encourage development of the area. It's going to take a while to get any oil to market though, so a bit of a slow burner this one. Maybe worth buying and forgetting about it. Will be interesting to see what demand there is for oil in the next five to ten years. Apart from cars, it's seems that vans, trucks, aircraft, ships and power stations are all still going to need an oil product, so probably not much change.

Just looking at their PDF presentation, it looks like lots of other companies are already in the area. Conoco Phillips (Willow), Armstrong / Repsol (Pikka), Caelus Energy (Smith Bay), Tarn / Meltwater, Armstrong Energy (Horseshoe) and 88e. Icewine is to the south east of the others, but hopefully they can integrate with the existing infrastructure when successful.
http://88energy.com/wp-content/uploads/2016/07/February-2017.pdf

Icewine#2 Drilling Remains on Schedule
88 Energy Limited ("88 Energy", "the Company", "Operator") (ASX, AIM: 88E) is pleased to provide an update on Project Icewine, located onshore North Slope of Alaska.
Highlights
· Icewine#2 drilling operations remain on schedule and without incident
· Intermediate hole complete - setting of intermediate casing underway
Following the spud of the Icewine#2 Production Test well on 24th April, the Arctic Fox drilling rig has completed drilling the intermediate hole, reaching a depth of 10,715 feet at 08:51 8th May (AK time). Intermediate casing is now being cemented prior to planned drilling of the production interval, down to ~11,400 feet, over the weekend.

Production testing remains on schedule for late June / early July.

Further updates will be made as and when appropriate throughout the drilling / testing program.

StockMarketWire.com
88 Energy has confirmed that the Icewine#2 production test well reached total depth of 11,450ft on schedule and without incident.

88 Energy said wireline logging operations were under way and production testing/flowback would begin in late June/early July.

The well spudded on 24 April and reached total depth of 11,450ft on 15 May.

StockMarketWire.com
Wireline logging throughout the production interval at Icewine#2 was completed at the weekend, with great success, 88 Energy said today.

An operations update said the quality of the data acquired was excellent and complemented the core and logs retrieved at Icewine#1.

It said the enhanced data suite would ensure that optimal design of the planned stimulation was achieved at Icewine#2.

It said that during cementing of the 4.5" production liner, hole conditions in the Pebble Shale Unit (beneath the HRZ production interval) prevented successful completion.

The update continued: "The liner was retrieved to surface and will undergo minor repair whilst the hole is reconditioned to minimise the chance of recurrence. Post repair the liner will be run back in the hole and re-cemented.

"This operation is expected to be finalised during the week.

"Production testing remains on schedule."

Managing director Dave Wall said: "The data quality from the wireline logs recently completed is excellent and, at this early stage in the processing and interpretation, is confirmatory to the data obtained from Icewine#1 - as expected.

"Additional insights are expected from the log interpretation and completion of the micro stimulations over the coming days as we finalise the design to the stimulation programme.

"The minor setback related to completing the production liner installation has not altered the schedule for production testing, as prior to this we were running several days ahead of plan."

Encouraging so far.

Icewine#2 Operations Update
88 Energy Limited ("88 Energy", "the Company", "Operator") (ASX, AIM: 88E) is pleased to provide an update on Project Icewine, located onshore North Slope of Alaska.
Highlights
· Icewine#2 4.5" production liner successfully cemented in place
o Arctic Fox rig demobilisation to commence shortly
· Preparations on track for execution of main stimulation in 3rd week of June
· Production testing remains on schedule for late June / early July

Cementing of the 4.5" liner in the production hole section (through the HRZ) was completed successfully over the weekend, without incident.

Final preparations for the main stimulation are underway, with execution expected in the 3rd week of June.

Production testing remains on schedule for late June / early July.

Managing Director of 88 Energy Limited, Dave Wall commented:
"The Alaska team have successfully completed the Icewine#2 well on schedule, after an effective adjustment to the completion plan, post the initial unsuccessful attempt to set the production liner.
Everything is now lining up for execution of the main stimulation operation, with flow testing of the HRZ on target for late June."

Further updates will be made as and when appropriate throughout the drilling / testing program.

Looking Good..

88 Energy Company News
07:00 06/06/2017
Icewine#2 Operations Update

http://www.moneyam.com/action/news/showArticle?id=5562122

SP holding up well.

Words out 1.8m buy at plus 4p

StockMarketWire.com
88 Energy's sundry application for the main stimulation work at Icewine#2 has been approved by the Alaska Oil and Gas Conservation.

The company said: "Based on the interpretation of data collected in both Icewine#1 and Icewine#2, the final design submitted was based on two stimulation stages comprising of multiple perforations in each stage.

"One stage will be executed in the lower HRZ and the other in the upper HRZ.

"These two zones were chosen largely based on areas with similar stress profiles, coincident with where hydrocarbon concentration is highest.

"The upper zone will be flowed back for up to two weeks before the lower zone is opened up and comingled with the flow from the upper zone.

"An additional two weeks of clean up will occur for the comingled flow before the company may be in a position to report hydrocarbon flow rates."

88 Energy said production testing remained on schedule for late June/early July and further updates would be made as and when appropriate throughout the drilling/testing programme.

Managing director Dave Wall said: "The company would like to thank its shareholders for supporting the Project Icewine team in getting us to the cusp of flow testing a potentially significant resource play in the HRZ shale.

"The work done to date by a dedicated group of employees and consultants has been to a high standard utilising the latest best practice techniques in industry.

"This increases the chance of a successful execution of the program but does not increase the likelihood of success for the play itself.

"The remaining key uncertainties, namely effective creation of complex fractures and gas to oil ratio, cannot be resolved until the stimulation is executed."

StockMarketWire.com
88 Energy has issued 3,350,000 fully paid ordinary shares following the exercise of options.

StockMarketWire.com
88 Energy has successfully completed stage 1 stimulation operations at Icewine#2 on the project onshore North Slope of Alaska.

88 Energy said the first stage (lower HRZ) of the planned two stage artificial stimulation of the HRZ shale was completed successfully at the weekend, as per the plan.

And it said preparations for the execution of the second stage (upper HRZ) were nearing completion and the job was expected to be completed over the next 12 hours. 88 Energy said: "Flowback is then planned from the upper zone until a representative sample can be obtained.

"The lower zone will then be comingled with the upper zone and additional samples acquired.

"Subsequent to the sample acquisition, the choke will then be gradually opened up to ascertain the maximum potential flow rate from both zones over the coming weeks.

"Sample analysis will take place in a lab over the next four to six weeks to allow for detailed characterisation of the hydrocarbon composition and phase in the reservoir."

I interviewed Dave Wall today for a video, Very interesting chat. Will be out on Shares website in next few days

Looking forward to that Mike!

StockMarketWire.com
88 Energy Limited issued 6,350,000 ordinary shares yesterday following the exercise of options.

StockMarketWire.com
88 Energy has successfully completed stage 2 stimulation operations at Icewine#2 onshore North Slope of Alaska.

The group said both stages of the fracture stimulation operation had now been executed successfully as per the stimulation design and more than 98% of the intended total proppant volume was able to be injected into the HRZ reservoir.

It said: "Flowback will now commence from the upper zone until a representative sample can be obtained.

"The lower zone will then be comingled with the upper zone and additional samples acquired.

"Subsequent to the sample acquisition, the choke will then be gradually opened up to ascertain the maximum potential flow rate from both zones over the coming weeks.

"Sample analysis will take place in a lab over the next four to six weeks to allow for detailed characterisation of the hydrocarbon composition and phase in the reservoir."

Latest video here

88 Energy Shares Video

https://www.sharesmagazine.co.uk/video/shares-spotlight-dave-wall-md-of-88-energy-88e

Icewine#2 Operations Update
88 Energy Limited (ASX, AIM: 88E) is pleased to provide an update on Project Icewine, located onshore North Slope of Alaska.

Highlights
Flowback continues with ~13% of stimulation fluid recovered
Icewine#2 Operations Update

Flowback commenced on the 19th June from stage 2 (upper zone). Approximately 8% of total stimulation fluid volume was recovered until it became apparent, due to rate and pressure observations, that the upper zone was likely in communication with the lower zone. Consequently, a decision was made to drill out the plug between the upper and lower zones. No increase in pressure was observed, confirming that the two zones are in effective communication. Trace hydrocarbons were encountered whilst flowing back the upper zone prior to drilling out the plug and, as expected, the flow rate returned to 100% stimulation fluid once the two zones were flowed back together.

Flowback, currently comprising 100% stimulation fluid, is continuing. Percentage of fluid recovered to date is ~13% of the total fluid pumped. It is estimated that up to 30% of the stimulation fluid will need to be recovered before hydrocarbons will be released from the reservoir.

The forward plan is to monitor pressure and flow rate and continue to draw stimulation fluid off the reservoir. Artificial lift, using nitrogen or swab cups, may be introduced at some stage to increase the rate of draw down of fluid. If pressure becomes too low it is possible that operations will necessitate a shut-in to allow fluid to soak and pressure to build up. This soaking is not uncommon in other shale plays as it allows stimulation fluid to be absorbed into the reservoir and can result in lower required fluid flowback before onset of hydrocarbon flow.

Further updates will be made as and when appropriate throughout the testing program.

Managing Director, Dave Wall, commented: "We continue to monitor pressure and flowback of stimulation fluid whilst we wait for hydrocarbons to be released from the reservoir. Given that we are breaking new ground in relation to the HRZ formation, we need to establish the conditions under which the hydrocarbon cut will return and then increase.

The stimulation was executed precisely as per plan with over one million lbs of proppant placed into the formation. A little patience is now required as we give the rocks time to show us what they can deliver."

Well that caused a panic on the ASX and AIM. A slightly negative RNS has produced a little impatience, not what Dave Wall was suggesting!

Another gloomy RNS on the way!

StockMarketWire.com
88 Energy said stimulation fluid continued to flowback naturally at Icewine#2 onshore North Slope of Alaska with ~15.3% of total stimulation fluid recovered to date.

It said a recent increase in salinity of the recovered fluid possibly indicated that some in-situ reservoir fluid was starting to flowback.

88 Energy said the forward plan remained unchanged and might include shut in for pressure build-up and soak and/or artificial lift to increase the rate of stimulation fluid recovery.

It was not as gloomy as I was led to believe. At least Dave Wall is being honest about progress. I am not an expert in this sort of oil play so cannot work out if all is really well or if a little more uncertainty has crept in.

Hmmm.

10 July 2017
88 Energy Limited Icewine#2 Operations Update
88 Energy Limited (“88 Energy”, “the Company”, “Operator”) (ASX, AIM: 88E) is pleased to provide an update on Project Icewine, located onshore North Slope of Alaska.
Highlights
• Stimulation fluid has continued to flowback naturally
• ~16% of total stimulation fluid recovered to date
• Shut in planned for 6 weeks
Icewine#2 Operations Update
Flowback operations have continued, with fluid composition comprising 100% water. After analysing the performance of the well to date, and comparing to results from other plays, a decision has been made to shut the well in for six weeks to allow for pressure build up and imbibition to occur. Imbibition (or soaking) has proven to be effective in other plays by allowing frac fluid to be absorbed, displacing in-situ water that may be blocking hydrocarbon molecules from being able to flow through the reservoir.
Post the shut in period, the well may then be swabbed.
Further analyses are required to determine the impact, if any, of the performance of the Icewine#2 well on the probability of success for the HRZ play at the Franklin Bluffs location and over the wider acreage position.
Further updates will be made as and when appropriate throughout the testing program.

Yours faithfully
Dave Wall Managing Director 88 Energy Ltd

trading patterns today set up for a bounce tomorrow imo

2 to 2.3p range imo
atb

http://88ewiki.wikidot.com/icewine-2

fyi
"Funds raised under the Placement further strengthen the Company's balance sheet ahead of the upcoming drilling of the Icewine#2 well. Specifically, the proceeds will provide the Company with the financial flexibility to cover any unexpected costs arising from the drilling of Icewine#2, lease payments due in respect of the significant new acreage awarded and ongoing exploration activities."

blue :-)

onward and upwards

YES SIREEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!

gla

Didn't sell, so added a few on the dip.

morning driver - good stuff - you know it makes sense :-)
2p gone as expected and the day is young
atb

Still under here AV 2.6 but going in the right direction.

RNS Number : 2196L
88 Energy Limited
18 July 2017

18 July 2017

88 Energy Limited

Icewine#2 Operations Update

88 Energy Limited ("88 Energy", "the Company", "Operator") (ASX, AIM: 88E) is pleased to provide an update on Project Icewine, located onshore North Slope of Alaska.
Highlights
· Icewine#2 well shut-in on 10th July to allow for imbibition and pressure build-up
· Analyses of flowback results to date ongoing

Icewine#2 Operations Update

The Icewine#2 well was shut-in on the 10th July for a six week period to allow for imbibition and pressure build up to occur. Prior to shut-in, 16% of the stimulation fluid had been recovered from the reservoir under natural flowback, with trace hydrocarbons returned at surface.

Imbibition, or "soaking", allows for absorption of frac water into the formation, which may displace reservoir water molecules that are restricting hydrocarbon molecules from flowing into the created fractures. The pressure build up data will provide insights into the permeability created by the stimulation. Ultimately, the post shut-in well performance will determine the next steps required, such as continuing to flowback naturally or the introduction of artificial lift (eg swabbing).

The HRZ shale shares several characteristics with other successful shales in the Lower 48; however, there is no blueprint or benchmark against which it is meaningful to measure performance as there are also many differences. At this juncture, the Joint Venture is of the view that further analyses are required to determine what impact the performance of the well to date has on the probability of success for the play. These analyses include, but are not limited to;
· comparison of the flowback rate against expected the expected flowback rate based on reservoir parameters and the successful execution of the fracture stimulation;
· reconciliation of the petrophysical model, and the apparent in-situ hydrocarbons, with the hydrocarbons recovered to surface to date.

These analyses are ongoing and will be communicated once complete.

Further updates will be made as and when appropriate throughout the testing program.

Media and Investor Relations:

88 Energy Ltd
Dave Wall, Managing Director Tel: +61 8 9485 0990
Email: admin@88energy.com

Finlay Thomson, Investor Relations Tel: +44 7976 248471

Hartleys Ltd
Dale Bryan Tel: + 61 8 9268 2829

Cenkos Securities Tel: + 44 131 220 6939
Neil McDonald/Derrick Lee

Pursuant to the requirements of the ASX Listing Rules Chapter 5 and the AIM Rules for Companies, the technical information and resource reporting contained in this announcement was prepared by, or under the supervision of, Mr Brent Villemarette, who is a Non-Executive Director of the Company. Mr Villemarette has more than 30 years' experience in the petroleum industry, is a member of the Society of Petroleum Engineers, and a qualified Reservoir Engineer who has sufficient experience that is relevant to the style and nature of the oil prospects under consideration and to the activities discussed in this document. Mr Villemarette has reviewed the information and supporting documentation referred to in this announcement and considers the prospective resource estimates to be fairly represented and consents to its release in the form and context in which it appears. His academic qualifications and industry memberships appear on the Company's website and both comply with the criteria for "Competence" under clause 3.1 of the Valmin Code 2015. Terminology and standards adopted by the Society of Petroleum Engineers "Petroleum Resources Management System" have been applied in producing this document.

Project Icewine Overview
In November 2014, the Company entered into a binding agreement with Burgundy Xploration (BEX) to acquire a significant working interest (87.5%, reducing to 77.5% on spud of the first well on the project) in a large acreage position on a multiple objective, liquids rich exploration opportunity onshore Alaska, North America, referred to as Project Icewine. In June 2016, the gross acreage position was expanded to 271,119 contiguous acres (210,250 acres net to the Company). In December 2016 the Company successfully bid on additional acres. On award the Project Icewine gross acreage position will be further expanded to ~690,000 contiguous acres (~400,000 acres net to the Company assuming all rights are taken up).

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.

The HRZ liquids-rich resource play has been successfully evaluated based on core obtained in the recently completed (December 2015) Icewine #1 exploration well, marking the completion of Phase I of Project Icewine. Phase II has now commenced, with drilling at the follow-up appraisal well, Icewine#2, commencing early 2Q2017. Production testing is ongoing.

Significant conventional prospectivity has also been identified on recently acquired 2D seismic across the project acreage.

Cautionary Statement: The estimated quantities of petroleum that may be potentially recovered by the application of a future development project relate to undiscovered accumulations. These estimates have both an associated risk of discovery and a risk of development. Further exploration, appraisal and evaluation are required to determine the existence of a significant quantity of potentially movable hydrocarbons.

Generous exploration incentives are provided by the State of Alaska with up to 35% of net operating loss refundable in cash.

The primary objective is an untested, unconventional liquids-rich shale play in a prolific source rock, the HRZ shale (Brookian Sequence), that co-sourced the largest oil field in North America; the giant Prudhoe Bay Oil Field Complex. Internal modelling and analysis indicates that Project Icewine is located in a high liquids vapour phase sweetspot analogous to those encountered in other Tier 1 shale plays e.g. the Eagle Ford, Texas.

Recently acquired 2D seismic has identified large conventional leads at Project Icewine within the same Brookian petroleum system and shallow to the HRZ shale, including potential high porosity channel and turbiditic sands associated with slope apron and deepwater fan plays. The Brookian conventional play is proven on the North Slope; the USGS (2013) estimated the remaining oil potential to be 2.1 billion barrels within the Brookian sequence. Two recent discoveries in the Brookian have already exceeded these estimates, with Armstrong/Repsol discovering 1.4 billion barrels in 2015 and Caelus announcing a 2.5 billion barrel discovery in 2016. Additional conventional potential exists in the Brookian delta topset play, deeper Kuparuk sands and the Ivishak Formation.

A Prospective Resources Report by DeGolyer and MacNaughton, was commissioned by 88 Energy to evaluate the unconventional resource potential of Project Icewine in February 2016 and was released to the market on 6th April 2016.

About 88 Energy: 88 Energy has a 77.5% working interest and operatorship in ~271,000 acres onshore the prolific North Slope of Alaska ("Project Icewine"). Gross contiguous acreage position will expand on award of additional leases successfully bid on in the December 2016 State of Alaska North Slope Licensing Round. The North Slope is the host to the 15 billion barrel Prudhoe Bay oilfield complex, the largest conventional oil pool in North America. The Company, with its Joint Venture partner Burgundy Xploration, has identified highly prospective play types that are likely to exist on the Project Icewine acreage - two conventional and one unconventional. The large unconventional resource potential of Project Icewine was independently verified by leading international petroleum resource consultant DeGolyer and MacNaughton. In addition to the interpreted high prospectivity, the project is strategically located on a year-round operational access road and only 35 miles south of Pump Station 1 where Prudhoe Bay feeds into the Trans Alaska Pipeline System. The Company acquired 2D seismic in early 2016 to take advantage of the globally unique fiscal system in Alaska, which allowed for up to 75% of 1H2016 exploration expenditure to be rebated in cash. Results from the seismic mapping and prospectivity review are encouraging, and form the basis of a conventional prospectivity portfolio for Project Icewine. In late 2015, the Company completed its maiden well at the project, Icewine#1, to evaluate an unconventional source rock reservoir play which yielded excellent results from analysis of core obtained from the HRZ shale. The follow-up well with a multi-stage stimulation and test of the HRZ shale, Icewine#2, spud in early 2Q2017.


This information is provided by RNS
The company news service from the London Stock Exchange

END

Out at .18 backed topped up bLU

StockMarketWire.com
88 Energy has issued a report on activities for the quarter ended 30 June with the highlight being the spud of Icewine#2 production test well which occurred on 24 April, with the following key project milestones:

- The Arctic Fox drilling rig reached a Total Depth of 11,450' on 15 May , on schedule and without incident

- Wireline logging successfully completed throughout the production interval

- Stage 1 and Stage 2 stimulation operations completed successfully, with over 98% of the intended proppant volume placed in the HRZ reservoir

- Flowback commenced on 19 June with ~16% of stimulation fluid recovered prior to shut in on 10 July, with trace hydrocarbons encountered during flowback

- Drilling and production testing expenditure anticipated to be within budget

The company said the well was shut in on 10 July for an anticipated period of 6 weeks to allow for pressure build up and imbibition to occur.

The company said that at the end of the quarter, it had cash reserves of A$31.6m, including cash balances held in joint venture bank accounts.

up to 2.025p +0.45p

Someone at Twitter - mentioned a rumour that the oil is flowing ??

would think its too early ?? for 6 weeks to wait

Rumor alright got plenty in and now SOMEONE on the way out

Interim Report
88 Energy Limited is pleased to announce its interim results for the half year ended 30 June 2017.

A copy of the Company's Interim Report, extracts from which are set out below, has been lodged on the ASX and is also available on the Company's website at www.88energy.com and at the link at the foot of this announcement.

OPERATING AND FINANCIAL REVIEW

During the period, the Group has continued its principal activities in Alaska. A summary of significant activities is below:

Highlights for the first half of 2017:

· Conventional prospectivity review completed in the half year identifying resource potential in conventional leads, based on internal estimates totalling;
o 1.5 billion barrels of gross mean Prospective Resources (unrisked)
o 1.1 billion barrels of net mean Prospective Resources to 88 Energy (unrisked)
· Spud of Icewine#2 Production Test well to evaluate the HRZ shale play occurred on 24th April 2017, with the following key project milestones;
o Rig contract with Doyon Drilling Inc. for the Artic Fox rig executed in February 2017, with the rig mobilising to site in March 2017;
o Icewine#2 Permit to Drill approved in April 2017, with spud occurring shortly thereafter;
o The Arctic Fox drilling rig reached a Total Depth of 11,450' MD on 15th May 2017, on schedule and without incident;
o Wireline logging successfully completed throughout the production interval;
o Stage 1 and Stage 2 stimulation operations completed successfully, with over 98% of the intended proppant volume placed in the HRZ reservoir;
o Flowback commenced on 19th June 2017 from Stage 2 (upper zone) with 8% of total stimulation fluid recovered,
o Rate and pressure observations indicated that the upper zone was likely in communication with Stage 1 (lower zone) consequently the plug separating the two zones was drilled out
o ~16% of the stimulation fluid was recovered from the combined zones prior to shut in on 10th July 2017, with trace hydrocarbons encountered during flowback; and
o Drilling and production testing expenditure at Icewine#2 is anticipated to be within budget.
· Oversubscribed placement to domestic and international institutional and sophisticated investors raised A$ 17 million in the half year.

http://www.moneyam.com/action/news/showArticle?id=5615365

Project Icewine Operations Update
88 Energy Limited ("88 Energy", "the Company", "Operator") (ASX, AIM: 88E) is pleased to provide an update on Project Icewine, located onshore North Slope of Alaska.
Highlights
· Flow testing on Icewine#2 to re-commence week beginning 21st August post six week shut-in
· Gross acreage position increased by 76,996 acres (48,864 net to 88E)
o Total gross acres now 348,116 (259,114 net to 88E)
o Additional ~256,000 gross acres subject to award, expected later this year

Icewine#2 Operations Update
The Icewine#2 well was shut-in on 10th July for a six week period to allow for imbibition and pressure build up to occur within the HRZ shale. Flow testing is scheduled to re-commence week beginning 21st August.

Additional technical analyses are ongoing and will be communicated once complete.

Lease Position Expanded
The Project Icewine Joint Venture was awarded 109,817 gross acres on 7th July as part of a broader package of successful bids submitted in the December 2016 North Slope lease sale. Of these 109,817 gross acres, 76,996 gross acres (48,864 net to 88E) were recently taken up and paid for. Given the ongoing testing of Icewine#2, a decision was made to accept award on acreage where the coincidence of prospectivity for both the conventional and unconventional was greatest. An additional ~256,000 gross acres is subject to award, expected later this year.

StockMarketWire.com
88 Energy has confirmed that flow testing on Icewine#2 would re-commence in the week beginning 28 August post a six-week shut-in.

It said there had been a one week delay on resuming flow testing due to fine-tuning of testing procedure.

It said additional technical analyses were ongoing and would be communicated once complete.

Project Icewine Operations Update
88 Energy Limited ("88 Energy", "the Company", "Operator") (ASX, AIM: 88E) is pleased to provide an update on Project Icewine, located onshore North Slope of Alaska.
Highlights
· Flow testing on Icewine#2 re-commenced 31st August 10:26 (AK time) post ~7 week shut-in
· Currently flowing back naturally on 4/64 choke at ~70 barrels per day frac fluid
· Minor hydrocarbon indications via formation of gas hydrates within the choke manifold
· Pressure data analysis indicates limited connection to the reservoir prior to last 24 hours

Icewine#2 Operations Update
The Icewine#2 well was shut-in on 10th July to allow for imbibition and pressure build up to occur within the HRZ shale. Flow testing re-commenced on 31st August at 10:26 (AK time), and is ongoing. Results since flow testing recommenced are summarised below.

The Icewine#2 well is located on the North Slope of Alaska (ADL 392301). 88 Energy Ltd (via its wholly owned subsidiary, Accumulate Energy Alaska, Inc) has a 77.55% working interest in the well. The well was stimulated in two stages over a gross 128 foot vertical interval in the HRZ shale formation, from 10,957-11,085ft TVD, using a slickwater treatment comprising 27,837 barrels of fluid and 1,034,838 pounds of proppant.

The well was initially flowed back on a 6/64 inch choke and was reduced to a 4/64 inch choke after 26 hours to maintain pressure. Approximately 370 barrels of frac fluid had been recovered as at 1730 on 3rd September (AK time) at an average rate of 100 barrels per day. Hydrocarbon indications have been minor and are associated only with the formation of gas hydrates in the choke manifold. Methanol injection has been initiated to prevent the surface manifold equipment from freezing thereby ensuring free flow of produced fluids through the choke.

Wellhead pressure built to ~3,500psi during shut-in and has dropped to 1,130psi since flowback commenced. Initial analysis of the pressure data from both the build-up and flowback indicates limited connection to the reservoir prior to the last 24 hours. At 0550 on the 2nd September (AK time) a small pressure build-up was observed, potentially indicating the first contribution to pressure from the reservoir itself. This is the first time that this has occurred since flow testing was initiated, including the previous testing period prior to shut-in. To date the cumulative amount of stimulation fluid produced from both testing periods is 4,802 barrels, 17.25% of fluids injected.

The current flowback procedure is early stage and the significance of an implied pressure contribution from the reservoir and formation of gas hydrates cannot yet be determined.

Anyone subscribing to the MoneyAM Level 2 platform please take note that most days it is not reporting the correct Trade High nor Trade Low information and "some days" not reporting the correct Opening Price or Closing Price.

The reason is because MoneyAM's Level 2 system is not correctly sensing the Auto Trades or Ordinary Trades correctly so is wrongly reporting them

Anyone subscribing to the MoneyAM Level 2 platform please take note that most days it is not reporting the correct Trade High nor Trade Low information and "some days" not reporting the correct Opening Price or Closing Price.

The reason is because MoneyAM's Level 2 system is not sensing the Auto Trades or Ordinary Trades correctly so is wrongly reporting them

MoneyAM has been unable to fix the fault for over 8 weeks now but are still charging full price for their Level 2

Project Icewine Operations Update
88 Energy Limited ("88 Energy", "the Company", "Operator") (ASX, AIM: 88E) is pleased to provide an update on Project Icewine, located onshore North Slope of Alaska.
Highlights
· Currently flowing back naturally on 8/64 choke at ~55 barrels per day frac fluid
· Minor hydrocarbon indications via flow rate of 2-4mcf of gas per day, with a maximum rate of 8mcf of gas per day

Icewine#2 Operations Update
The Icewine#2 well was shut-in on 10th July to allow for imbibition and pressure build up to occur within the HRZ shale. Flow testing re-commenced on 31st August at 10:26 (AK time), and is ongoing. Results since flow testing recommenced are summarised below.

The Icewine#2 well is located on the North Slope of Alaska (ADL 392301). 88 Energy Ltd (via its wholly owned subsidiary, Accumulate Energy Alaska, Inc) has a 77.55% working interest in the well. The well was stimulated in two stages over a gross 128 foot vertical interval in the HRZ shale formation, from 10,957-11,085ft TVD, using a slickwater treatment comprising 27,837 barrels of fluid and 1,034,838 pounds of proppant.

The well was initially flowed back on a 6/64 inch choke and was reduced to a 4/64 inch choke after 26 hours to maintain pressure. Approximately 370 barrels of frac fluid had been recovered as at 1730 on 3rd September (AK time) at an average rate of 100 barrels per day. The choke was subsequently stepped up to 8/64 inch at 1800 10th September (AK time) as the overall declining pressure gradient versus time improved, indicating potential pressure support. To date, the cumulative amount of stimulation fluid produced from both testing periods is 5,277 barrels, 19.0% of fluids injected.

Wellhead pressure built to ~3,500psi during shut-in and has dropped to 106psi since flowback commenced and is now declining very slowly with a relatively constant flowback rate of 55 barrels per day. At 0930 9th September (AK time), a decision was made to run the flowback through the test separator due to minor gas indications being evident. To date the rate of flow has been unstabilised at between 2 and 4 mcf per day made up of 76% hydrocarbons, 20% atmospheric gases and 4% inorganics. The produced hydrocarbons comprise 93% methane with 7% heavier fractions.

The current flowback procedure remains early stage with only 19.0% of the frac fluid retrieved. The gas observed so far is not considered representative of the potential rate or composition of hydrocarbon in the reservoir. It is interpreted that additional frac fluid needs to be removed in order to achieve a representative result. A decision will be made on the most appropriate strategy to accomplish this within the next two weeks.

Project Icewine Operations Update
88 Energy Limited ("88 Energy", "the Company", "Operator") (ASX, AIM: 88E) is pleased to provide an update on Project Icewine, located onshore North Slope of Alaska.
Highlights
· Shut-in on 18th September (AK time) ahead of suspension for 2017/2018 winter season
· Continued gas flow of ~2mcf/d with a trend of increasing heavy components since last update
· Forward plan to install narrower tubing and execute artificial lift in April/May 2018 to remove frac fluid

Icewine#2 Operations Update
The Icewine#2 well was shut-in on 10th July to allow for imbibition and pressure build up to occur within the HRZ shale. Flow testing re-commenced on 31st August at 10:26 (AK time), and was suspended on 18th September (AK time).

The Joint Venture having assessed the current rate of fluid recovery and, despite several encouraging trends, made the decision to shut-in for the Winter period due to logistical reasons associated with ongoing testing in Arctic conditions. The main issue is that of freezing of the borehole fluid, predominantly fresh water from the frac, over the ~1,300ft permafrost zone due to the low rates of fluid flow observed towards the end of the current test phase. Additionally, winterized equipment deemed suitable for executing efficient artificial lift of the frac fluid is currently unavailable. The forward plan is to optimise and re-initiate the flow testing, utilising artificial lift, in April/May 2018 when weather conditions are more favourable.

Regarding the encouraging trends observed, a summary is included below:
· Decrease in C1 (most recent average <91% vs 93% previously) and increase in C2+ components as a percentage of the gas flow, potentially trending towards the interpreted phase of hydrocarbon in the reservoir

· Increase in the gas / water ratio such that as the water flow rate has decreased over time, the gas rate has remained relatively constant. It is still interpreted that additional fluid is required to be lifted off the formation before effective connectivity to the reservoir can be achieved with representative flowback.

The Icewine#2 well is located on the North Slope of Alaska (ADL 392301). 88 Energy Ltd (via its wholly owned subsidiary, Accumulate Energy Alaska, Inc) has a 77.55% working interest in the well. The well was stimulated in two stages over a gross 128 foot vertical interval in the HRZ shale formation, from 10,957-11,085ft TVD, using a slickwater treatment comprising 27,837 barrels of fluid and 1,034,838 pounds of proppant.

The well was initially flowed back on a 6/64 inch choke and was reduced to a 4/64 inch choke after 26 hours to maintain pressure. Approximately 370 barrels of frac fluid had been recovered as at 1730 on 3rd September (AK time) at an average rate of 100 barrels per day. The choke was subsequently stepped up to 8/64 inch at 1800 10th September (AK time) as the overall declining pressure gradient versus time improved, indicating potential pressure support. The choke was gradually increased to 10/64 and then 12/64 in order to lower the bottom hole pressure significantly below the reservoir pressure to increase the draw down on the formation. Consequently, the well head pressure fell below that required to support flow through the separator (~35psi) and the well stopped flowing naturally on 18th September 1630 (AK time), as expected, and was shut in. To date, the cumulative amount of stimulation fluid produced from both testing periods is 5,533 barrels, 19.9% of fluids injected.

Since the shut-in, significant pressure build up has already occurred, with current wellhead pressure over 739psi. This is consistent with the interpreted overpressure of the HRZ and is an encouraging sign.

A total of 16.57mcf of gas was measured as production since the 9th September, with an average flow rate of 1.79mcf per day. Results to date are consistent with several other early stage unconventional plays that have subsequently been proven successful; however, it is too early to tell the significance of these results for the HRZ play. As previously advised, the Joint Venture is of the view that greater than 30% of the frac fluid needs to lifted from the formation before gaining connectivity with the reservoir and achieving representative flowback.

A detailed presentation with the conclusions from the testing of the HRZ to date as well as planned operations for 1H2018 will be released to the market shortly.

Bank of America Debt / Alaska Credits Clarification
The current Bank of America debt balance is US$17.7m. The State will pay back US$1.19m of this imminently, based on US$77m in total payouts, representing $0.16 in the dollar for each outstanding dollar owed as at the beginning of the year, calculated on issued certificates at that time. The debt balance with Bank of America will consequently be reduced to US$16.5m. It is anticipated that all outstanding 88E cash certificates will be issued prior to mid-2018. The State will continue to pay back the outstanding credits on a yearly basis, with a minimum floor of paid out monies. Alaska remains one of the wealthiest States in the USA, with close to US$100 billion in savings and vast natural resources as well as a burgeoning fishing and tourism industry. Risk related to pay back of the credits in full is deemed very low. The Company is also in a strong position in relation to its debt as the estimated amount of cash credits that will be owed is ~US$23m, significantly in excess of the US$16.5m debt.

Managing Director, Dave Wall, commented: "Whilst it is frustrating to have to wait over the Winter season for the continued flow test of the HRZ, there are several encouraging signs observed from this most recent phase of testing. Given the early stage nature of our appraisal program, we need to have patience and remain open minded as there is no benchmark against which to track the progress of this particular unconventional play."

Bough earlier @ 0.8972p

25 Sep '17 - 13:23
KEEP an EYE

88E - 0.875p ( 0.85 - 0.90p )

Have half in price since last week, and buyers are appearing at this low price now, small spread, improving Level 2 of 2 v 1.

The 0.875p seems the support at the moment, and as usual, the buyers think is the right pricenow , loading some shares, the sells still are on, but slowly finishing their lot and that is why is up and down but not moving below the 0.875p

I know you are trading it, but for those who are buying stock, I wouldn't be surprised to see this hit 1p during the winter, before investors pile in again when fracking restarts.

I know you know NOT much, but everyone is open and free to wrong posting

1.025p +0.075 (+7.89%)

Yes the bounce is on, I will not say strong but slowly is getting pace, there is still sellers on the background, but the price has been consolidating on each movement up since lunch time yesterday

note:
Nice to see the shoe moving to the other foot and the momentum coming back in

2 days chart

close at 1.05p +0.10 (+10.53%)

The intraday chart was very good with higher lows on the ladder chart uptrend

Another way to see how the trend has change since lunch time yesterday

Going places this morning with volume at the same time very important as is getting into motion, crawling back part of the loses of the last few days

Part of the bounce works in a stranger way but is very true, the gains as the days go on iinevery candlestick at the end of the day is larger than the day before, till it reverses again, today is already as large as yesterday. and just started the day.

StockMarketWire.com
88 Energy has continued its acreage expansion plan on the North Slope of Alaska after being confirmed as the high bidder on two parcels totalling 32,800 gross acres.

88 Energy, via its subsidiary companies - Accumulate Energy Alaska Inc and Regenerate Alaska Inc - was announced high bidder on the two parcels as part of the North Slope Areawide 2017W lease sale.

The two parcels are subject to regulatory approvals and formal award, expected in 2018.

Joint venture partner, Burgundy Xploration LLC, has a right to back in to around 2,590 acres contained within parcel 1, adjacent and to the west of the existing Project Icewine leases.

Managing director Dave Wall said: 'This result is a continuance of our acreage expansion plan on the North Slope and the company is very pleased to be announced high bidder at the recent lease sale.

'Additional details in relation to both parcels will be announced in due course.'

ASX Trading Halt and Proposed Underwriting
88 Energy Limited (the "Company") announces that its shares have been placed in a trading halt on the Australian Securities Exchange ("ASX") pending the release of an announcement in relation to underwriting of listed options in the Company (the "Options"). The Options have a strike price of A$0.02 and an expiry date of 2 March 2018.

The Company confirms that no terms for any such underwriting have been agreed and there can be no guarantee that any transaction will be completed.

Make or break time almost here!

Project Icewine 3D Seismic Commences
88 Energy Limited ("88 Energy", "the Company", "Operator") (ASX, AIM: 88E) is pleased to provide an update on Project Icewine, located onshore North Slope of Alaska.

Highlights
· Icewine 3D seismic survey commenced across Project Icewine acreage

Project Icewine Operations Update
3D seismic acquisition has commenced across the Western Margin of the Project Icewine acreage, located on the North Slope of Alaska. The 3D seismic will firm up drilling candidates identified on conventional prospectivity from interpretation of ~ 2350 line km of modern (88E, 2016) and reprocessed 2D seismic data.

The conventional prospective resource potential (mean unrisked), as at 31 January 2018, is estimated by the Company as 1.9 billion barrels gross; 1.05 billion barrels net to 88 Energy.

The 3D survey will be acquired using the vibroseis slip-sweep method, covering an area of approximately 460 km2. Acquisition parameters have been zoned to optimise fold and imaging across significant conventional leads already identified in areas that historically have imaged poorly due to permafrost and the presence of icelakes.

Operations commenced on February 7, 2018 (Alaska time) with parameter testing designed to ensure a high quality acquisition. The main 3D acquisition effort is now underway and is estimated to take approximately 45 days.

Managing Director, Dave Wall: “The 88E team have been extremely busy on multiple fronts over the last few months, with refinancing of debt, exercise of options, expanding our lease position, planning for, and acquisition of, two 3D seismic surveys and, of course, the re-opening of the Icewine#2 well.
The strong support for the recent option exercise has meant we have been able to accelerate assessment of the Yukon Gold leases, with the costs of the planned 3D acquisition being less than half of the monies receipted from the option exercise process.
The remainder of 2018 promises to be pivotal for the Company and its shareholders, with near-term activity related to the Icewine#2 flow test, expected prior to mid-year, results from two 3D seismic acquisitions and one or more farm-out transactions targeted for the second half of the year.”

Operation update
http://clients3.weblink.com.au/pdf/88E/01968718.pdf

Proposed placing to raise up to A$17 million
88 Energy Limited ("88 Energy" or the "Company") (ASX, AIM: 88E) today announces that it proposes to raise approximately A$12 million with the ability to take oversubscriptions of up to A$5 million (before expenses) pursuant to a conditional placing of new ordinary shares of no par value in the Company (or, as the case may be, depository interests representing such ordinary shares) (the "Placing Shares") at a price at or around A$0.037 (equivalent to £0.02) (the "Placing Price"), (together, the "Placing"). The Placing Price is equivalent to a discount of eleven percent to the volume weighted average price on the Australian Securities Exchange ("ASX") for the thirty days to 27 April 2018, being the latest practicable date prior to this announcement. The Company also announces that its shares have been placed in a trading halt on the ASX pending the release of an announcement in relation to the completion of the Placing.

The Placing is being conducted in the UK through a bookbuilding process (the "Bookbuild"), which is being managed by Cenkos Securities plc ("Cenkos") in the UK and Hartleys Limited ("Hartleys") in Australia.

Operations Update
88 Energy Limited (ASX: 88E) ("88 Energy" or the "Company") is pleased to announce the following update for its projects located on the North Slope of Alaska.

Highlights
· Production testing at Icewine#2 scheduled to recommence 11th June 2018

o Site clearance works commenced at Franklin Bluffs pad
o Final preparations for mobilisation of test equipment underway

· 3D seismic processing on schedule

Project Icewine - Icewine#2 Production Testing
Site works have commenced to clear snow and ice from the Franklin Bluffs gravel pad to enable access to the Icewine#2 wellhead. Pressure gauges will then be retrieved from downhole and data anaylsed to determine if any reservoir degradation is observed, which may require remedial action such as reperforation of the target intervals. Concurrently, test equipment including separators, tanks and nitrogen lift units will be mobilized to site ahead of the scheduled commencement of flow testing on the 11th June 2018.

The flow testing program has been designed to utilize nitrogen lift to assist the removal of up to an additional 4,000 barrels of fluid from the HRZ reservoir. It is anticipated that this will enable the hydrocarbons in the reservoir to flow naturally to surface at a representative rate. Based on modelling of the reservoir pressure and fracture conductivity, this is estimated to take 10-14 days. The well will then continue to be flowed back to ascertain drawdown pressure and decline rate.

3D Seismic Processing
Processing of recently acquired 3D seismic at both Project Icewine and the Yukon Gold leases is progressing as per schedule.

Early products from the Project Icewine 3D survey are expected to be received mid-year prior to commencement of a formal farm-out process related to the conventional prospectivity already identified over the Western Margin leases at the project.

The Yukon Gold 3D data is expected in Q4 2018 and will assist in assessment of the potential of the Yukon Gold oil discovery as well as delineation of any additional potential on the leases.

Managing Director, Dave Wall, commented: "The team remains busy on several fronts; however, focus is now clearly on the imminent recommencement of production testing at the Icewine#2 well.

Operations Update
88 Energy Limited (ASX: 88E) ("88 Energy" or the "Company") is pleased to announce the following update for its projects located on the North Slope of Alaska.

Highlights
· Site clearance works completed at Franklin Bluffs pad

· Memory gauges retrieved successfully

o Pressure build-up analysis underway

· Commencement of flowback at Icewine#2 on schedule for 11th June

Project Icewine - Icewine#2 Production Testing
Site works have concluded at the Franklin Bluffs Pad ahead of the scheduled commencement of flow testing of the Icewine#2 well on the 11th June 2018. Memory gauges from 4,000' downhole were successfully retrieved on the 25th June. Processing and analysis of the pressure build-up data will be completed by early next week. The wireline unit also "tagged bottom" confirming that there has been no build-up of debris in the tubing during the shut-in period.

Pressure at the wellhead was measured as between just under 3,000 psi (from the the wellhead gauge) and 3,500 psi based on a pressure reading of 5,200 psi at 4,000' (from the downhole pressure gauges). These pressure readings are positive in regards to maintenance of downhole pressure, as expected.

The flow testing program has been designed to utilize nitrogen lift to assist the removal of up to an additional 4,000 barrels of fluid from the HRZ reservoir. It is anticipated that this will enable the hydrocarbons in the reservoir to flow naturally to surface at a representative rate. Based on modelling of the reservoir pressure and fracture conductivity, this is estimated to take 10-14 days. The well will then continue to be flowed back to ascertain drawdown pressure and decline rate.

Operations Update

88 Energy Limited (ASX: 88E) ("88 Energy" or the "Company") is pleased to announce the following update for its projects located on the North Slope of Alaska.

Highlights
· Pressure build-up analysis indicates no deterioration in fracture half-length

· Commencement of flowback at Icewine#2 on schedule for 11th June

Project Icewine - Icewine#2 Production Testing
Post the retrieval of downhole gauges in Icewine#2 on 25th May, pressure build-up data was subsequently downloaded on the 30th May and processed. This data was then analysed and interpreted to determine whether any degradation of the fracture system created by the artificial stimulation had occurred during the shut-in period.

The analysis showed that the fracture geometries of the first pressure build-up, (July-August 2017), when compared to those from the second pressure build-up over Winter, (September 2017-June 2018), are very similar, with estimated fracture half-length of 504ft and 500ft, respectively. This is encouraging and indicates that the fracture system created has not undergone degradation. Given this, and the evidence of no build-up of debris in the wellbore, no remedial action will be required prior to commencement of flowback.

Mobilisation of equipment and personnel for the re-commencement of flowback of the Icewine#2 well, utilising artificial lift, is now in full swing and operations remain on schedule for start-up on the 11th June.

Operations Update
88 Energy Limited (ASX: 88E) ("88 Energy" or the "Company") is pleased to announce the following update for its projects located on the North Slope of Alaska.

Highlights
· Flowback commenced at Icewine#2

Project Icewine - Icewine#2 Production Testing
Flowback commenced, on schedule, at 22:30 11th June (AK time) to clean-up stimulation fluids from the Icewine#2 borehole with a well head pressure of 3,000 psi and flowback rate of 253 barrels of water per day. As at 1230 12th June (AK time), wellhead pressure was 816 psi with a flowback rate of 160 barrels of water per day. Based on the pressures and flow rates, there is no indication of any impediment to flow through the perforations at this stage. A production log has been run to confirm this, and the results will be disclosed to the market once the report has been finalised.

At this early stage of flowback, the fluid has not been run through the separator, so the hydrocarbon rate has not been measured. Flowback through the separator and gas chromatograph is expected to commence today.

The velocity string, comprised of 1.75" coiled tubing, is ready to be installed and connected to nitrogen lift utilising a membrane unit, currently set-up on location.

Operations Update
88 Energy Limited (ASX: 88E) ("88 Energy" or the "Company") is pleased to announce the following update for its projects located on the North Slope of Alaska.

Highlights
· Nitrogen lift commenced at Icewine#2

· Yukon Gold and Western Margin leases formally awarded

Project Icewine - Icewine#2 Production Testing

As at 0530 17th June (AK time), wellhead pressure was 370psi with a flowback rate of 166 barrels of water per day on a variable choke setting, in order to manage wellhead pressure (currently 28/64").

http://www.moneyam.com/action/news/showArticle?id=6015389

Operations Update
88 Energy Limited (ASX: 88E) ("88 Energy" or the "Company") is pleased to announce the following update for its projects located on the North Slope of Alaska.

Highlights
· Nitrogen lift continues at Icewine#2

Project Icewine - Icewine#2 Production Testing
As at 1730 21st June (AK time), the flowback rate was 50 barrels of water per day on a variable choke setting (currently 36/64"). Wellhead pressure has been managed lower to 75psi to reduce back pressure in the system.

Since the last update on the 18th June, adjustments were made to the flowback system to determine the optimal settings for the nitrogen lift operation. Consequently, flowback rates fluctuated between an average rate of 50 barrels of water per day to 120 barrels of water per day. The percentage of hydrocarbon gas in the flowback dropped to 5% at one stage due to an increased nitrogen injection rate, 300 scf/m, which is deemed to have limited the flowback of both water and gas from the borehole. The reduction in productivity is attributed to an effective downhole choke created between the 4.5" annulus and the 1.75" velocity string, limiting the flowback when the nitrogen rate is too high. The nitrogen injection rate is now being reduced back to 150 scf/m and should result in an increase in flowback of water and gas from the borehole.

During this period there has been no meaningful change to the composition of the returned gas and fluid. Flowback is considered to be 100% stimulation fluid and gas.

StockMarketWire.com
88 Energy said Monday it had struck a collaborative agreement to expand its position on the northern slopes of Alaska, acquiring the majority of Great Bear's working interest in four leases.

A consortium consisting of 88 Energy, Otto Energy and Red Emperor had executed a binding term sheet agreement with Great Bear Petroleum Ventures II to acquire the majority of Great Bear's working interest in the four leases including the Western Blocks -- ADL 391718, ADL 391719, ADL 391720 and ADL 391721.

The leases are located immediately adjacent to the Horseshoe#1/1A well, which had discovered oil in 2017, 88 Energy said.

Preparations for drilling the exploration well were now underway and is expected to begin in less than 9 months, 88 Energy said.

'The Western Blocks transaction represents a significant opportunity for 88E shareholders to gain exposure to one of the most prospective oil plays available globally, complementing our existing conventional portfolio on the North Slope,' said 88 Energy Ltd Managing Director, Dave Wall.

'Our Alaskan Operations team, led by Erik Opstad, will be working closely with Great Bear and the regulatory agencies in Alaska to ensure that the well is permitted and drilled on time in a safe and environmentally conscious manner.'

Operations Update
88 Energy Limited (ASX: 88E) ("88 Energy" or the "Company") provides the following update related to its operations, located on the North Slope of Alaska.

Highlights
· Definitive Agreements Executed for Farm-in to Western Blocks

o Large Prospect to be Drilled 1Q2019

o Permitting underway

· Project Icewine Farm-out Dataroom Formally Opened

Western Blocks - Definitive Agreements Executed
88E, via its 100% owned subsidiary Captivate Energy Alaska, Inc, has executed definitive agreements with Great Bear Petroleum Ventures II LLC ("Great Bear"), along with Otto Energy Ltd (Borealis) and Red Emperor Resources NL (together with 88 Energy, the "Consortium Partners"), to acquire the majority of Great Bear's working interest in the four leases comprising the Western Blocks (ADL 391718; ADL 391719; ADL 391720; ADL 391721) in exchange for drilling a commitment well on the Western Blocks prior to 30 May 2019.

http://www.moneyam.com/action/news/showArticle?id=6070306

Operations Update
88 Energy Limited (ASX: 88E) ("88 Energy" or the "Company") provides the following update related to its operations, located on the North Slope of Alaska.

Highlights
· Rig Contract Executed for Western Blocks Drilling 1Q2019

· Winx Prospect located in the proven Nanushuk Play Fairway

o Permitting Progressing on Schedule

Western Blocks - Rig Contract Executed
88E, via its 100% owned subsidiary Captivate Energy Alaska, Inc., has executed a rig contract for the drilling of the Winx Prospect, located on the Western Blocks, North Slope of Alaska.

The Winx -1 well will test a 3D seismically defined oil prospect in the successful Nanushuk play fairway comprising multiple stacked objectives with a gross mean unrisked prospective resource of 400MMbbls (144MMbbls net to 88E) and a geological chance of success in the range of 25-30%.

For further details related to the transaction, please refer to the announcement dated 25th June 2018.

RIGHTS ISSUE
This notice is given by 88 Energy Limited ("the Company") under section 708AA(2)(f) of the Corporations Act 2001 (Cth) (Corporations Act) as modified by ASIC Corporations (Non-Traditional Rights Issues) Instrument 2016/84 (Instrument 2016/84). References in this notice to the Corporations Act are references to the Corporations Act as modified or amended by Instrument 2016/84.

Further to the announcement dated 3rd October 2018, the Company is offering eligible shareholders the opportunity to acquire additional fully paid ordinary shares in the capital of the Company (Shares) via a pro rata non-renounceable rights issue (Rights Issue) on the basis of one (1) fully paid ordinary share in the capital of the Company (New Shares) for every seven (7) Shares held at at 7.00 p.m. (AEDT) in respect of ordinary shareholders and 6.00 p.m. (London Time) in respect of depositary interest holders on the record date of 10th October 2018 to raise approximately $14.33m / £7.96m before costs.

The Company intends to use the funds from the Rights Issue to for potential production testing at the Winx-1 exploration well, possible cost overruns associated with the drilling of Winx-1, lease rentals and interest costs to maintain assets in good standing, ongoing geological and geophysical work and working capital and general administration.

Rights Issue Results and Shortfall Notice
88 Energy Limited (ASX: 88E) ("88 Energy" or the "Company") advises that the Non-Renounceable Rights Issue announced to the ASX on 3rd October 2018 (Rights Issue), closed on the 26th October 2018.

The Rights Issue offered eligible shareholders (or depository interest holders) registered on the Record Date the ability to subscribe for Shares on the basis of one (1) fully paid share in the Company (New Shares) for every seven (7) Shares held at an issue price of $0.018 / £0.01 per share to raise up to $14.33m / £7.96m before costs.

Eligible shareholders were also given the opportunity to apply for additional shortfall shares beyond their 1 for 7 entitlement.

Total applications for the New Shares raising gross proceeds of $3,641,312 were received. The New Shares will be issued on 31st October 2018, as per the timetable for the Rights Issue.

The results of the Rights Issue are as follows;

· Acceptances (New Shares): 202,295,078

· Shortfall Shares: 593,592,274

· Total Number of Shares: 795,887,3521

Well that was a screaming success. Better to give your cash to Oxfam.

Yukon Leases Maiden Resource and Conventional Portfolio Highlights
88 Energy Limited (ASX: 88E) ("88 Energy" or the "Company") provides the following update related to ongoing work on its conventional prospect portfolio at Project Icewine, located on the Central North Slope, Alaska.

Highlights
· Yukon Leases Maiden Resource: Net Mean Prospective Oil Resource - 90 MMBO

o Cascade lead upgraded to prospect - Brookian Turbidite Fan Play

o Additional prospectivity mapped within Staines Tongue Topset Play

· Project Icewine Net Mean Prospective Oil Resource - 2,211 MMBO

o Farm-out process continues as planned, with deal targeted prior to year-end 2018

· Western Blocks Net Mean Prospective Oil Resource - 144 MMBO

o Stacked Brookian objectives including Nanushuk Topset Play

o The Winx-1 well is on schedule to commence drilling in February 2019

· 88 Energy Total Conventional Net Mean Prospective Oil Resource - 2,445 MMBO

https://www.moneyam.com/action/news/showArticle?id=6197138

Proposed placing to raise up to £5.9 million
88 Energy Limited ("88 Energy" or the "Company") (ASX, AIM: 88E) today announces that it proposes to raise up to £5.9 million (before expenses) pursuant to a conditional placing of up to 593,592,274 new ordinary shares of no par value in the Company (or, as the case may be, depository interests representing such ordinary shares) (the "Placing Shares") at a price of £0.01 per Placing Share (the "Placing Price"), (together, the "Placing"), which is the price at which shares were issued pursuant to the Rights Issue (as defined below).

The Placing follows the closure of the non-renounceable rights issue (for AIM purposes, the 'open offer') of up to 795,887,352 ordinary shares at a price of £0.01 (or A$0.018) per share announced on 3 October 2018 to raise up to approximately £7.96 million (the "Rights Issue"), pursuant to which the Company received total applications for 202,295,078 ordinary shares, raising gross proceeds of A$3,641,312 (equivalent to approximately £2.02 million). In accordance with the offer document issued in connection with the Rights Issue on 5 October 2018, the Company reserved the right to place those shares not taken up by eligible shareholders as part of the Rights Issue within three months after the closing date of the offer, being 26 January 2019. The Placing does not require shareholder approval and the issue and allotment of Placing Shares will rely on Exception 3 under ASX Listing Rule 7.2.

Result of Placing
88 Energy Limited ("88 Energy" or the "Company", ASX:88E, AIM 88E) is pleased to advise that further to the announcement by the Company on 8 November 2018, it has successfully completed a bookbuild to domestic and international institutional and sophisticated investors to raise approximately £5.56 million (equivalent to A$10.0 million), before expenses (the "Placing") through the issue of 555,555,600 ordinary shares (the "New Ordinary Shares") at £0.01 (equivalent to A$0.018) per New Ordinary Share (the "Placing Price"). The Placing follows the closure of the non-renounceable rights issue (for AIM purposes, the 'open offer') announced by the Company on 3 October 2018 ("Rights Issue").

As at 30 September 2018, the Company had cash resources of A$8.1 million (prior to the receipt of gross proceeds of A$3.6 million pursuant to the Rights Issue). Funds raised pursuant to the Placing will be used with existing cash reserves to fund the Company's ongoing evaluation of the conventional and unconventional prospectivity of existing assets, including drilling of Winx-1 in Q1 2019, and to enable it to identify and exploit new opportunities on the North Slope of Alaska.

6,331,540,324 shares in issue!

Operations Update
88 Energy Limited ("88 Energy" or the "Company", ASX:88E, AIM 88E) is pleased to advise the following in relation to its oil and gas operations on the North Slope of Alaska.

Highlights
· All major permits (excluding Permit to Drill) granted for the drilling of the Winx-1 exploration well

· Permit to Drill on schedule for submission prior to year-end, approval expected January 2019

· Preparations for ice road and pad construction underway, build start planned January 2019

· Spud of Winx-1 exploration well targeting multiple objectives on schedule for February 2019

Winx-1 Exploration Well, Western Blocks (88E earning 36%)

88 Energy, in its capacity as Drilling Manager, has now received approval for all the major permits required for the drilling of the Winx-1 exploration well, except for the 'Permit to Drill'. As planned the Permit to Drill is due for submission prior to the end of the year and approval is expected in January, prior to spud in February 2019.

StockMarketWire.com
88 Energy said preparations to spud the Winx-1 exploration well in mid-late February spud were proceeding to plan.

Construction of the ice road to the Winx-1 exploration well location commenced on the 2 January, as planned, the company said. It would take approximately three weeks to complete, ahead of construction of the ice pad, on which the Nordic Rig#3 would be located for the drilling of Winx-1.

Winx-1 would target gross best estimate prospective resource of 400m barrels of oil, 144m barrels net to 88 Energy, across multiple stacked objectives, including the Nanushuk, which was the primary target of the well, the company added.

'Winx-1 aims to further extend the Nanushuk play fairway, only 4 miles east of the recently successful Horseshoe well where similar seismic amplitude response was observed,' said Dave Wall, Managing Director of 88 Energy.

Operations Update - Permit to Drill Approved
88 Energy Limited ("88 Energy" or the "Company", ASX:88E, AIM 88E) is pleased to advise the following in relation to its oil and gas operations on the North Slope of Alaska.

Highlights
· Permit to Drill Approved for Winx-1 exploration well

· Ice road construction progressing well

o Rig mobilisation planned for early February

· Spud remains on schedule for mid-late February 2019

Western Leases - Winx-1 Exploration Well

The Permit to Drill for the Winx-1 exploration well was approved by the Alaska Oil and Gas Conservation Commission (AOGCC) on the 16th January (AK time). This is the final major permit required for commencement of drilling.

Construction of the ~11 mile ice road to the Winx-1 exploration well location is proceeding as planned. Once complete, the ice pad will be constructed, and the rig will be mobilised for drilling. Rig mobilisation is expected to commence in early February.

Operations Update - Ice Road Construction Nears Completion
88 Energy Limited ("88 Energy" or the "Company", ASX:88E, AIM 88E) is pleased to advise the following in relation to its oil and gas operations on the North Slope of Alaska.

Highlights
· Ice road construction ~85% complete

o Ice pad build to commence shortly

· Third party rig inspection completed

· Rig mobilisation to commence in ~7 days

· Spud scheduled for mid-late February 2019

https://www.moneyam.com/action/news/showArticle?id=6287706

StockMarketWire.com
88 Energy said plans to spud its Winx-1 well on Friday were on schedule.

The Nordic Rig#3 arrived on location, as planned, on the 7 February, rig up activities had proceeded smoothly and final preparations for spud were now underway, the company said.

The call to 'crew-up' was made at 0530 14 February, which usually indicates spud would occur within 24 hours.

Winx-1 would target gross best estimate prospective oil resource of 400m barrels of oil, representing a net 144m barrels to 88 Energy, across multiple stacked objectives, including the Nanushuk Formation, which was the primary target of the well.

Red Emperor Resources is also an investor in Winx-1.

StockMarketWire.com
88 Energy said it had spudded its Winx-1 well on Friday.

The well was drilled to 600' after which the company pulled out of hole to pick up the smart bottom hole assembly, with logging while drilling tools attached. At 11:45 on 17 February (AK time), Nordic Rig#3 was drilling ahead at 880', the company said.

The forward plan was to deepen the hole to about 2,500' before setting surface casing, the company added.

Winx-1 would target gross best estimate prospective oil resource of 400m barrels of oil, representing a net 144m barrels to 88 Energy, the company said last week.