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Related party transaction does not benefit 88 Energy shareholders

2020-05-12 12:34:34

88 Energy (88E) is a company I had almost forgotten about as it was once one of the most popular oil shares at the lower end of AIM, but has almost disappeared into obscurity since then and only came to my attention when I was contacted by a shareholder.


88Energy – Some hope at last, when previously there was little...but

2019-08-23 08:31:20

Over the last few years I have watched passively as 88Energy (88E) has tried to exploit what it perceives as great oil opportunities at Icewine and has been happy to bandy about some very large resource numbers, only equalled by the number of bulletin board posts on the matter and the number of words in the torrent of RNS irrelevance. A new farmout deal to Premier Oil (PMO) looks to me like the first real sign that 88Energy actually may have a chance of delivering something of value. But....


88 Energy - where has the cash gone? When's the bailout placing? New presentation shocker!

2017-10-02 04:26:47

Over-ramped 88 Energy (88E) has announced today that it has published a new corporate presentation. If they can stay awake through 15 pages of pure horse and corporate waffle, its, in denial, moronic shareholders need to have an urgent butchers at page 16.


88 Energy - grim Alaska news ahead of placing - you were warned!

2017-09-21 00:45:32

How the Bulletin Board Morons laughed at me as I warned in the strongest possible terms that 88 Energy (88E) shares were a slam dunk sell and that drilling of the Icewine well was not going well. Please form an orderly queue morons I guess you did know better than a trained oil analyst after all. The shares have slumped by 0.75p to 1.25p but a market cap of £56.9 million is still way too high. There is worse to come.


The 88 Energy Rampathon - it is 'avin' a bubble

2016-10-18 05:16:21

Another day and another ramptastic RNS emerges from the Icewine jam tomorrow factory owned by 88 Energy (88E). What we really want to see, of course, is the quarterly report for the three months to September 30th showing just how much of the June 30th net cash of A$20.3 million has been spunked away to money heaven. The answer to that will explian today's ramping.


88 Energy: A Case Study in the Risk Tolerance of Private Investors

2016-08-27 06:52:11

For my sins, I took some time to read through 88 Energy’s Interim Report released last Monday. While continuing to believe that the attractiveness of a stock is inversely related to the number of other investors who are analysing it, I decided nevertheless to see what all the fuss was about.


88 Energy shares suspended in Oz its Placing ahoy (as we said)

2016-04-20 00:38:58

In the land where most people are descended from convicts and where culture is something that grows on top of yogurt (I refer to Australia not the slums around Liverpool), shares in 88 Energy (88E) have been suspended as it is placing ahoy. Whatever next? Rolf Harris again denying the's a nonce?


88 Energy, now about that placing...Bulls hit back with defensive ploy No 6

2016-04-12 03:31:17

I am lambasted by a chap, who pretty obviously owns shares in 88 Energy (88E), who attacks my piece of yesterday using play number 6 from the mad bull responding to hard analysis playbook - "this is not news, it is all old hat, not worth reading, yadda, yadda, yadda". Well...ahem.


88 Energy - when's the discounted placing? All the money's gone

2016-04-11 06:08:42

At the end of December AIM listed 88 Energy (88E) had cA$1.2 million net debt and cash of cA$9.6 million. However in the prior quarter it spunked cA$16 million, with just under a million of that on PLC costs. Hmmmmm - What do you think is left?


88 Energy isn't worth £78 million now!

2016-02-16 02:10:31

88 Energy (88E) has had a tremendous run over the past week or so, but given the level it has now reached I’d definitely be looking to cash in.


88 Energy - take profits

2016-02-11 04:13:34

Since writing a buy tip on 88 Energy (88E) back in late November 2015 I note a significant uplift in the share price from the close then at 0.55p to today's price of 0.95p


Zak Mir's Bulletin Board Heroes: 88 Energy, Independent Oil & Gas, Inspirit Energy, Kefi Minerals, LGO Energy, Oxus Gold

2015-11-27 01:24:23

Featuring shares in 88 Energy (88E), Independent Oil & Gas (IOG), Inspirit Energy (INSP), Kefi Minerals (KEFI), LGO Energy (LGO) and Oxus Gold (OXS) wth share price targets for all six stocks.


Time to punt on 88 Energy?

2015-11-26 04:20:30

88 Energy (88E) was spawned from Tangiers Petroleum. As with many remakes they are often arguably never as good the second time around however 88 Energy appears to present some classic market mechanic traits of a firm about to do exceptionally well. 


Does AIM make thieves of us all?

2015-11-21 02:40:07

I’ve had an interesting discussion with our stalwart reader Wildrides on my recent 88 Energy piece (88E). Cut a long story short Wildrides has made a number of comments on pieces I’ve written pointing out the obvious flaws in the businesses I’ve covered. Wildrides and I swap the odd email, so I do know his real name. He is an experienced investor and someone whose opinion I respect, but our recent exchange has left me wondering; does AIM make thieves of us all?


88Energy – private investors acting like lambs to the slaughter

2015-11-20 03:15:24

Will private investors on AIM ever learn? This morning 88 Energy (88E) raised A$3million at 0.47p, a mere 24% discount to where the stock opened on Monday. The company also announced a first come first serve Share Purchase Plan (SPP) to raise up to €4,999,999 from existing eligible shareholders. Under the terms of this, retail holders of 88 Energy are allowed to purchase parcels of up to A$15,000 worth of stock on the same terms as the placement participants. No doubt people will fall over themselves to take up this deal, but if the company has such great prospects why the steep discount?


88 Energy - is Icewine the Horse Hill of the American Wilderness?

2015-11-13 05:49:43

Red warning flags have been billowing over 88 Energy  (88E) ever since it changed its name from Tangiers Petroleum (TPET). Tangiers was an unmitigated disaster for shareholders, but it seems that a simple name and ticker symbol change is all that is needed to induce an acute case of market amnesia. Having bet the farm and lost in Morocco, it is incredible that managing director David Wall survived. A little over a year later and he is now running one of the most heavily promoted oil exploration campaigns on AIM. People never learn, but this morning’s announcement from Tangiers, sorry I mean 88 Energy, fired a warning shot across the bow of anyone planning to hold this stock as a buy and hold.


Zak Mir's Bulletin Board Heroes: 88 Energy, Armstrong Ventures, Egdon Resources, Jubilee Platinum, Inspirit Energy, Imaginatik

2015-10-19 23:42:06

Featuring shares in 88 Energy (88E), Armstrong Ventures (AVP), Egdon Resources (EDR), Jubilee Platinum (JLP), Inspirit Energy (INSP), Imaginatik (IMTK) with share price targets for all five stocks.


Zak Mir's Bulletin Board Heroes: 88 Energy, Arian Silver, Independent Oil & Gas, Mosman Oil & Gas, New World Oil & Gas, Sacoil

2015-10-15 00:09:08

Featuring shares in  88 Energy (88E), Arian Silver (AGQ), Independent Oil & Gas (IOG), Mosman Oil & Gas (MSMN), New World Oil & Gas (NEW), Sacoil (SAC), together with some share price targets.


Zak Mir's Bulletin Board Heroes - 88 Energy, Arian Silver, Goldplat, Jubilee Platinum, Independent Resources, Xtract Resources

2015-09-17 23:34:00

Featuring shares in 88 Energy (88E), Arian Silver (AGQ), Goldplat (GDP), Jubilee Platinum (JLP), Independent Resources (IRG), Xtract Resources (XTR), together with some share price targets.


88 Energy has the potential for a large rise

2015-09-13 23:26:15

Any of you who like to have a gamble on oil exploration drills should take a look at 88 Energy (88E). The AIM-listed oil explorer is about to kick off a drilling campaign in Alaska at its Project Icewine licence, and it is potentially one of the biggest exploration drills of the year, given the size of resource that it is targeting.


ShareProphets RNS Translation Service: 88 Energy ramps Edison research report

2015-08-04 01:18:52

Aussie hydrocarbons explorer 88 Energy (88E) has been raising money to fund its ‘Icewine’ project in Alaska. It has a conditional $50 million debt facility announced on 24 June sort of agreed with Bank of America subject, amongst other things, to due diligence although there has been no news of progress on that ever since. A two-part placing has been going on, with the intention of raising 12 million Aussie dollars at one Aussie cent per share (about 0.47 pence). The company announced on 22 July that the book build had been completed and was heavily oversubscribed. The first tranche of about £800,000 has been completed, with the rest subject to an EGM. Step forward the ShareProphets RNS Translation Service….


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