The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
https://www.youtube.com/watch?v=_yUTU7ea2EY
Listen 3:57 mins in
We’ll explain video about 88E Ann target and reason.
https://youtu.be/6joveqlQRDs
ConocoPhillips likely to buy out Q1
Permitting before rig mobilisation!
Permitting and planning for the Merlin-2 well is now largely complete, with the well on track to spud in February 2022. The Merlin-2 Permit to Drill is in the final stages of review by the BLM and is on schedule to be issued ahead of rig mobilisation
https://twitter.com/gigimetuk/status/1484587581505519622?s=21
T-4 DAYS - DRILL RIG MOBILIZATION
So Alex Carlson reckons this will be over a dollar on success and no longer a penny stock.
That’s over 74p or 321 x bagger!!!
Sounds good to me.
Listen at 3:58 minutes into the video
https://www.youtube.com/watch?v=_yUTU7ea2EY
New video before the bell on
$EEENF
$ILUS
$WDLF
and more!!
youtube.com/watch?v=_yUTU7e...
?? ?? Penny Stocks with Upcoming Catalysts ?? ??
Alex Carlson recaps the action in #pennystocks on the #OTC and #NASDAQ. He covers EEENF, ILUS, WDLF, LCLP, AIAD, and DWAC.All stocks have been discussed on h...
YouTube
1- Appraisal well NOT exploratory
2- 9.5 billion shares tightly held
3- North Slope Alaska has +++ good oil
4-Merlin-2 targeting 652 million barrels of oil(1,2) in the highly prospective N18, N19 and N20 targets that were encountered in the successful Merlin-1 well (drilled in March 2021 to a depth of 5,267 feet). Merlin-1 demonstrated the presence of oil in these multiple stacked sequences within the Brookian Nanushuk Formation.
5- Traded in Australia, UK, USA, Germany
6-Undervalued considering target prize.
7- Oil price 2020 March/ April was -$37 per barrel, now +$80 a barrel.
The impact of the COVID-19 pandemic hammered the oil industry in 2020, forcing U.S. oil prices to go negative for the first time on record. In a matter of hours on April 20, the May 2020 contract futures price for West Texas Intermediate (WTI) plummeted from $18 a barrel to around -$37 a barrel.
Total Units Held (Top 20 holders of ORDINARY FULLY PAID SHARES): 9,542,398,620 64.43%
Total units on issue: 14,811,076,196 100
https://88energy.com/investor-centre/
https://youtu.be/RpsowjZy2kY
Merlin-2 is more an Appraisal well.
With oil on the rise, AGYP stock should be on your radar.
Like AGYP, 88 Energy Ltd. (OTCMKTS:EEENF), has a history of large price moves running to $0.095 in April of 2020 after announcing results on their Charlie-1 well. The well was drilled on time and within budget and penetrated sandstones in seven stacked targets and shale in one target. Analysis of logs and sidewall cores subsequently confirmed condensate discoveries in the Torok Formation and oil in the Seabee Formations.
Stocks like AGYP and EEENF move swiftly when momentum hits and could be the biggest beneficiaries of crude oil's climb.
https://www.marketscreener.com/quote/stock/ROYAL-DUTCH-SHELL-PLC-6273/news/CapitalGainsReport-Equities-Benefitting-From-Crude-s-Sharp-Rise-RDS-A-AGYP-TTE-BP-PSCE-EEENF-37582838/
“This is a disaster in my opinion. I am not sure how they will spin it. They are no further advanced than the previous operator. There is no vast attic accumulation. As I had thought, the (FWI) reprocessing by DUG was not done with proper geological input. The 80m low to prognosis is a terrible result,” one industry expert told Energy Voice.
Yanks want this to go to $0.095
Since than EEENF has traded fairly quietly in the $0.02 range until the last few weeks as the stock has made a powerful move northbound. Speculators are looking for a break over $0.095 for confirmation of the next leg up.
88 Energy Ltd (OTCMKTS: EEENF) is making a powerful rise up off its $0.02 base on a massive surge of volume in recent weeks and is starting to get noticed by some big players. Currently under heavy accumulation EEENF regularly trades between $5 and $20 million in dollar volume per day and has a huge international following of shareholders. The stock has a history of big moves running to $0.095 in April of 2020 after the Company announced results on the Charlie-1 well. The well was drilled on time and within budget and penetrated sandstones in seven stacked targets and shale in one target. Analysis of logs and sidewall cores subsequently confirmed condensate discoveries in the Torok Formation and oil in the Seabee Formations. Since than EEENF has traded fairly quietly in the $0.02 range until the last few weeks as the stock has made a powerful move northbound. Speculators are looking for a break over $0.095 for confirmation of the next leg up.
88 Energy is the operator of over 440,000 net acres in total across the Alaskan regions over four highly prospective project areas: Project Icewine, Yukon Leases and Project Peregrine and the Umiat oil field. Merlin-2 is shaping up to be one of the high-impact wells the oil and gas investment community will be watching this year and a positive outcome will mean it is game on for the ASX-listed company. As oil continues to rise quickly with some experts now predicting $100 per barrel crude is on the horizon, it’s easy to see why EEENF is being heavily accumulated at current price levels; the Company has been making some big moves behind the scenes including increasing their ownership in the Peregrine mine to 100%, Extinguishing all of their debt, and beefing up their management team with a new petroleum engineer and a petroleum Geologist in Philip Byrne and Robert Benkovic. The ex-CEO of the Company David Wall recently doubled his position in EEENF from 120 million shares to 254 million shares. According to their latest filing 88 Energy is well funded moving forward with $32 million in the treasury with total prospects for their wells targeting at least 1.638 billion barrels of oil.
https://microcapdaily.com/88-energy-ltd-otcmkts-eeenf-oil-operator-tips-a-february-spud-date-for-its-merlin-2-well-in-alaskas-north-slope/