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/

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! 😀