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 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
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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?
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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
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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."