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EXCLUSIVE: Aminex CEO says 'Institutions are delighted' with Zubair farm-out terms Watch Here

EXCLUSIVE: Aminex CEO says 'Institutions are delighted' with Zubair farm-out terms
EXCLUSIVE: InfraStrata continue to negotiate with major gas companies and institutional investors


88 Energy Share Price (88E)



Share Price Information for 88 Energy (88E)


Share Price: 1.15Bid: 1.10Ask: 1.20Change: -0.04 (-3.36%)Faller - 88 Energy
Spread: 0.10Spread as %: 9.09%Open: 1.175High: 1.175Low: 1.125Yesterday’s Close: 1.19

88 Energy Limited Ord Npv (Di)

88 Energy is part of the Metals sector






Share Price SpacerPrice
1.15
Share Price SpacerBid
1.10
Share Price SpacerAsk
1.20
Share Price SpacerChange
-3.36%-0.04
Share Price SpacerVolume
20,136,378
Share Price SpacerOpen
1.175
Share Price SpacerHigh
1.175
Share Price SpacerLow
1.125
Share Price SpacerClose
1.19
Share Price SpacerCurrency
GBX


Currency Issue Country Shares in Issue Market Capitalisation Market Size
GBX GB 5,557.96m £63.92m 300,000

52 Week High 2.88 52 Week High Date 5-JUN-2018
52 Week Low 0.85 52 Week Low Date 3-OCT-2017

# Trades Vol. Sold Vol. Bought PE Ratio Earnings Dividend Yield
115 8,701,516 11,434,862 -9.915 -0.12 0.00 0.00




Date
Time
Trade Prc
Volume
Buy/Sell
Bid
Ask
Value
 

17-Jul-18
16:24:17
1.18
50,000
Buy* 
1.10
1.20
590.00
Trade Type:
Ordinary
NonProtected portfolio
Single protected transaction

17-Jul-18
16:20:56
1.18
60,088
Buy* 
1.10
1.20
709.04
Trade Type:
Ordinary
NonProtected portfolio
Single protected transaction

17-Jul-18
16:18:02
1.1525
170,166
Buy* 
1.10
1.20
1,961
Trade Type:
Ordinary




View more 88 Energy trades >>

Directors Deals for 88 Energy (88E)
Trade DateActionNotifierPriceCurrencyAmountHolding
17-May-16Buy
Trade Notifier Information for 88 Energy Limited (DI)
David Wall held the position of Managing Director at 88 Energy Limited (DI) at the time of this trade.
 David Wall
3.75USX2,000,0009979166
View more 88 Energy directors dealings >>


jiddy123
Posts: 6,708
Opinion:No Opinion
Price:1.15
RE: SP
Today 16:40
Thank you for your input minime, they are entirely valid points.

If you read between the lines, then why would DW commit these intentions to print? My reading of the GB deal is exceedingly positive, and we could have pulled off the coup of the century.

i have waited three and a half years for the company to reach this point, and with the risks substantially mitigated four ways, I am happy to exercise a degree of patience until the end of 2019.

Like others, I have been accused of ramping and selling. I will only sell when DW gives us shareholders what we want.

Good luck to you!
minime77
Posts: 204
Opinion:No Opinion
Price:1.15
RE: SP
Today 16:29
That should say *I have to be
minime77
Posts: 204
Opinion:No Opinion
Price:1.15
RE: SP
Today 16:28
Jiddy, like you I am disappointed yet optimistic. (I have to go otherwise I'll go insane with worry!!)

I think the only 2 things I'd point out is -
1) It states we're in the PROCESS OF engaging with an experienced service provider. That could mean we've yet to engage with one.

2) The comparison of the OSH deal to ours could mean we've either got the biggest deal of the century OR what we've bought into is nowhere near as compelling or positive as the OSH deal.

Not being negative....just grounded I guess. GLA.
Brombarb
Posts: 16,908
Opinion:Strong Buy
Price:1.15
Phrontist
Today 16:09
how does that work with us then? we are dual listed and one or the other exchange always gets the jump!

"Any information provided by the company leading to a possible change in share value must be part of an RNS.

The RNS is written by the Company but released through the Stock Exchange during its Open Hours.

This guarantees that all share holders have the opportunity to read the RNS (Information Release) at the same time."

It's not me waffling!
jiddy123
Posts: 6,708
Opinion:No Opinion
Price:1.15
SP
Today 16:04
Like everyone else who has invested their hard earned here, I am really disappointed about the current price of 1.15p.

There has been so much carp about the HRZ ie duster, plugged and abandoned etc which is not true. This is what the latest RNS said:

The Joint Venture is in the process of engaging with an experienced service provider to provide state of the art analysis and quality control of the existing dataset, undertake additional work and put together an appropriate forward work program to present to potential farminees.

88E Managing Director, Dave Wall, commented: "Ideally the Icewine#2 well would have delivered a stronger hydrocarbon flow rate and it is disappointing that this was not achieved; however, the Joint Venture has many positive takeaways from the well and remains confident about the potential of the HRZ play. Future evaluation of the large potential already identified is planned to be accomplished via farm-out and this process has already commenced.

In essence, and the fact that we are an exploration company, DW took an executive decision not to proceed any further given restraints of time and money. The above statements support a very strong indication that work is being done to timetable a plan of action for a Farminee to take over the project whilst we retain a financial interest. If the data is compelling, we will not have a problem attracting a partner to drill horizontals etc.

The joint project with GB, RMP an Otto was a major coup. Look at the numbers, look at the supporting 3D, look at the Nanushuk and look again at the OSH deal with Armstrong. A similar project which cost OSH $400M, will cost us $6M. Do you guys not see the value. We were in the right place at the right time with operating capability - a tremendous piece of luck in my eyes.

Moving onto our Conventional assets, we were told in February what the plan is "to execute a planned Farm-Out". We have 1B barrels, we will have Preliminary 3D in the next few weeks and possibly at the same time, notification of an FO partner. Drilling permits are already in place for Q1 2019. If you have any issues with success here, then please share your views with the rest of us.

There is talk of action on the YG project in Q4 2018.

I am sure that there are more deals to come via RNS in the next few months.

I have always found DW very prompt with his responses to questions. There is no point in asking him price sensitive questions, as you will get the stock answer "there will be future announcements".

This is either a goer or a dead duck. You choose!

Good luck.
View more share chat for 88 Energy (88E) >>







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