88 Energy Share Price (88E)

1.70 -0.05 (-2.86%) delayed: 9:31PM GMT
Bid price 1.65 Open price 1.74
Ask price 1.75 Prev close 1.70
High price 1.75 Spread 5.71%
Low price 1.65 Volume 10,442,080

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88 Energy Share Price Information

Name 88 Energy Epic 88E
Sector Oil & Gas Producers ISIN AU00000088E2
Activites 88 Energy Limited (formerly Tangiers Petroleum Limited) has a 77.5% working interest and operatorship in ~325,000 acres onshore the prolific North Slope of Alaska (Project Icewine). Gross contiguous acreage position for the Joint Venture is 458,097 acres (88E 286,589 net acres). The North Slope is the host to the 15 billion barrel Prudhoe Bay oilfield complex, the largest conventional oil pool in North America. The Company, with its Joint Venture partner Burgundy Xploration, has identified highly prospective play types that are likely to exist on the Project Icewine acreage - two conventional and one unconventional. The large unconventional resource potential of Project Icewine was independently verified by leading international petroleum resource consultant DeGolyer and MacNaughton. In addition to the interpreted high prospectivity, the project is strategically located on a year-round operational access road and only 35 miles south of Pump Station 1 where Prudhoe Bay feeds into the Trans Alaska Pipeline System. Index n/a

88 Energy Key Numbers

Latest Share Price (p) 1.70 Net Gearing (%) 2.20
Market Capitalisation (£m) 81.54 Gross Gearing (%) 37.66
Shares in issue (m) 4,713.18 Debt Ratio 32.18
P/E Ratio -5.77 Debt-to-Equity Ratio 0.79
Total dividends per share (p) 0.00 Assets / Equity Ratio 1.60
Dividend Yield (%) 0.00 Price to book value 1.70
Dividend cover (x) 0.00 ROCE (%) -13.28
Earning per share (p) -0.30 EPS Growth (%) n/a
52 week high / low 4.15 / 0.85 DPS Growth (%) n/a

88 Energy Company News

07:58 16/02/2018

Exercise of Options

RNS Number : 1079F 88 Energy Limited 16 February 2018   88 Energy Limited   Exercise of Options   88 Energy Limited (" 88E " or the " Company ") confirms that it has issued a total of 37,848,570 fully paid ordinary shares in the Company (the " New Ordinary...

07:00 14/02/2018

Project Icewine 3D Seismic Commences

RNS Number : 8115E 88 Energy Limited 14 February 2018   14th February 2018   88 Energy Limited     Project Icewine 3D Seismic Commences   88 Energy Limited ("88 Energy", "the Company", "Operator") (ASX, AIM: 88E) is pleased to provide an update on...

07:00 12/02/2018

Option Underwriting Agreement

RNS Number : 5238E 88 Energy Limited 12 February 2018   12 February 2018   88 ENERGY LIMITED   OPTION UNDERWRITING SIGNIFICANTLY OVERSUBSCRIBED   88 Energy Limited ("88 Energy" "the Company") (ASX: 88E) is pleased to announce that it has entered into an...

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88 Energy Share Price Discussions

4 days ago

88 Energy (88E)

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...

more than 1 year ago

88E Icewine (88E)

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