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/

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."

Proactive investor - Just how much oil can 88 Energy unearth in Alaska?
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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.