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/

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