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/

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.

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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?
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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.

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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.
 
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