88E 16.7% 0.5¢ 88 energy limited

LSE tonight, page-228

  1. zym
    1,257 Posts.
    David Wall’s interview with Energy Board Room in late FEB:
    “if we can continue to de-risk this play, then we’re looking at several billion barrels of recoverable oil potential. Even in bearish scenarios, 50 cents or 10 cents a barrel when multiplied by the resource potential is still several times our market capitalization. So, that leverage still exists for us – leaving us in a relatively good position to attract further investment.”

    Today’s announcement:
    88 Energy Limited (“88 Energy”, “the Company”, “Operator”) (ASX, AIM: 88E) is pleased to
    provide the successful completion of Phase I for Project Icewine, resulting in substantial derisking
    of the HRZ play based on results from the Icewine#1 exploration well.

    My call is it will at least touch 10c (+31.58%) tomorrow. . .
    And I'm a conservative . . . I called mid 7c close today while most people mentioned >8c.
    I will be disappointed if this stock doesn't touch that 8.8c, it certainly bodes well for good fortune?
 
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Last
0.5¢
Change
-0.001(16.7%)
Mkt cap ! $125.6M
Open High Low Value Volume
0.6¢ 0.6¢ 0.5¢ $64.68K 11.60M

Buyers (Bids)

No. Vol. Price($)
215 142520906 0.5¢
 

Sellers (Offers)

Price($) Vol. No.
0.6¢ 111391946 58
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Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
Last
0.6¢
  Change
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0.6¢ 0.6¢ 0.6¢ 9994783
Last updated 15.59pm 28/03/2024 ?
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