The US Department of the Interior declared the suspension of authority for Department Bureaus and Offices. 88 Energy has provided the following update related to its operations in the NPR-A region of the North Slope of Alaska.. The latest information from the North Slope’s two 2020-21 winter exploration wells points to potential significant oil discoveries in the Nanushuk and Kuparuk formations, and more. 88 Energy reports that Rig 111 commenced drilling the Merlin-1 well at 0338 on 10th March 2021 (AK time).. In addition, Mr Gilbert has stepped down from the role of Company Secretary and Ms Sarah Smith has been appointed in his place. Contact. Kerry Sun | April 6, 2021 11:28am | More on: 88E. During mid-afternoon trade, the energy … Week of April 04, 2021: Providing coverage of Alaska and northern Canada's oil and gas industry. Income Statement Evolution More Financials. 88 Energy has operations in the NPR-A region of Alaska’s Northern Slope, which may be affected by this suspension of authority. ... Tue, 4th May 2021 16:12 (Alliance News) - The following is … Home / Share Market News / Why the 88 Energy (ASX:88E) share price dived 64% today. 88 Energy Ltd. As such, the company originally expected to receive approval by February 12, 2021, a standard 30 days after application. 88 Energy’s shares accounting for … Short Term: Mid-Term: Long Term: Trends: Neutral: Bullish: Neutral: Technical analysis. News explorer - Search Regulatory news, RNS Search, via Company or code, Index, Industry Sector, Headline type, Release date and Source ... Company or code matches 88 ENERGY LIMITED. Why the 88 Energy (ASX:88E) share price dived 64% today. Todays Price ActionAs of 3:30 4/5/2021 shares of 88 Energy Limited were trading at .0859 up 43.6% gaining .0262. Level 2, 5 Ord Street West Perth WA 6005 AUSTRALIA Tel: +61 (0)8 9485 0990 Fax: +61 (0)8 9321 8990 Small cap oil explorer 88 Energy (ASX:88E | AIM:88E) has confirmed funding details for the drilling of its Merlin-1 well at its Project Peregrine on the North Slope of Alaska.. 88 Energy remains in a trading halt, at 1 cent per share. The BLM has indicated that it plans to process the permit to drill, with the expectation of receiving a signature by February 12. Merlin-1 drilling commenced; Details. Penny stock investors appear to be intrigued by the upside EEENF stock provides at … News explorer - Search Regulatory news, RNS Search, via Company or code, Index, Industry Sector, Headline type, Release date and Source ... Company or code matches 88 ENERGY LIMITED. This clears the path for spudding of the well in February 2021 - an exciting event for 88E investors like us. LONDON: 88 Energy Limited has confirmed the appointment of Ashley Gilbert to the Board of the Company and as Managing Director of 88 Energy with effect from 10 May 2021, following the resignation of David Wall. The oil and gas explorer submitted its permit to drill application on January 12, 2021. 88 Energy Ltd (LON:88E, ASX:88E) revealed it has entered its next phase with a solid financial position, ending the first half with A$7.27mln of cash on hand.. Latest Energy News Power The peak power demand met, which is the highest supply in a day, recorded a growth of 6.7 per cent at 188.15 GW in February 2021 compared to … Investors continue to bid up Australian based 88 Energy Limited. The company holds a 59% working interest in the Icewine project, which covers an area of approximately 231,000 acres located in North Slope of Alaska, the United States. The company’s Icewine project is located south of Prudhoe Bay near the Dalton Highway in an area being worked by several other small explorers. May 3, 2021 Sort by. However, the company is already optimistic, as a result of its existing operations being quite advanced. Galilee Energy’s (GLL) shares have spiked this afternoon after the company updated the market on its Glenaras multi-well pilot program within Queensland’s Galilee. Level 2, 5 Ord Street West Perth WA 6005 AUSTRALIA Tel: +61 (0)8 9485 0990 Fax: +61 (0)8 9321 8990 Shares are up 300% in the last month and 40% today. As planned, Merlin-1 was successfully drilled to 1512 feet. 88 Energy has operations in the NPR-A region of Alaska’s Northern Slope, which may be affected by this suspension of authority. ... Technical analysis trends 88 ENERGY LIMITED. The primary term for the State leases is 10 years with no mandatory relinquishment and a low 16.5% royalty. Transformational Drilling Imminent in 1Q2021. Financial News Articles for 88 Energy Limited Ord Npv (Di) updated throughout the day. The suspension related to the issuance of new drilling permits on federal land, in addition to other matters. The company intends to provide a further update about its application and the suspension sometime this week. Sort by. “We have a strong case to be granted the permit given the many permits that have already been granted as well as our considerable, and ongoing, operations in the field,” he added. In November 2014, 88 Energy entered into a binding agreement with Burgundy Xploration (BEX) to acquire a significant working interest in a large acreage position on a multiple objective, liquids rich exploration opportunity onshore Alaska, North America – Project Icewine. 88 Energy Ltd (AIM | ASX: 88E) is an exploration company currently exploring onshore Alaska in a prolific liquids-rich area. 88 Energy, formerly Tangiers Petroleum, is an ASX and AIM listed exploration company that has acquired a new, potentially world class oil asset located in Alaska. News that the company had located hydrocarbon-bearing zones during drilling at Merlin-1 sent the 88 Energy share price soaring earlier this week. On the market this morning, 88 Energy is up 35.3 per cent and is trading at 2.3 cents per share; 88 Energy's (88E) shares are up this morning after successfully drilling a surface hole at Merlin-1 well in Northern Alaska. The 88 Energy Ltd share price is on the move today after the company announced an operations update. This oil and gas exploration company’s shares were easily the most traded share on the ASX last week. Subsequently, the gross acreage position has expanded to ~480,000 contiguous acres (~310,000 acres net to the Company). Petroleum News. 234 talking about this. 88E Share News. 88 Energy News Headlines. Be the first with the news that moves the market, American Pacific Borates (ASX:ABR) defers Fort Cady construction, Novonix (ASX:NVX) shares soar as company eyes NASDAQ listing, ASX Today: Tech setback, commodity wobbles, A2 Milk (ASX:A2M) cuts earnings guidance as demand flounders, Pilbara Minerals (ASX:PLS) reports “exceptional” early results from drilling at Pilgangoora, Cleanaway Waste Management (ASX:CWY) taps Origin Energy (ASX:ORG) exec as new CEO, Digital Wine Ventures (ASX:DW8) sees 350pc spike in April orders, 88 Energy (88E) has had its operations in Northern Alaska disrupted by a recently announced 60-day suspension of authority, The suspension from the US Department of the Interior relates to the issuance of new drilling permits on federal land, 88 Energy submitted its permit to drill application on January 12, and originally expected approval by February 12, The company has taken steps to minimise expenditure until the situation is clarified further, 88 Energy remains in a trading halt, at 1 cent per share. Date Time Source Headline; 04/5/2021: 16:12: ALNC: EXECUTIVE CHANGES: 88 Energy appoints new managing director: 04/5/2021: 07:17: UKREG: 88 Energy Limited Appointment of Managing Director: 30/4/2021: 11:05: UKREG: 88 Energy Limited Second Price Monitoring Extn: Further, the project status was escalated through the appropriate channels over the weekend, allowing positive progress to be made. 88 Energy’s Managing Director, Dave Wall, said that it is currently unclear if this development will impact the company’s operations. Renergen (RLT) has progressed inclination drilling and detected gaseous odours at the R2D2 well at the Virginia Gas Project in South Africa. The company was initially known as DVM International and changed its name to Tangiers Petroleum in May 2010 and then to 88 Energy in 2015. Time period matches between 09 January 2021 and 09 April 2021. Article 07-Jan-2021 $ 0.008 Our Stock Picks for 2021 Email 05-Dec-2020 $ 0.007 This Week’s News Makers are Riding High Article Contact. All news about 88 ENERGY LIMITED: ... Net income 2021---Net Debt 2021---P/E ratio 2021-Yield 2021-Capitalization: 352 M 273 M 271 M: Capi. There were over 30,000 trades with a dollar … While the authority for approvals has not been completely withdrawn, it has been delegated to various higher positions within the government’s structure. Highlights . But the market doesn’t read between the lines. The oil and gas explorer submitted its permit to drill application on January 12, 2021. 01-Feb-2021 $ 0.010 88E Secures Permit to Drill Article 11-Jan-2021 $ 0.010 Oil Strikes Back. The Project is located on an all year operational access road with both conventional and unconventional oil potential. Digitizing the Pipe Manufacturing Workflow with the HD-CR 35 NDT May 7, 2021; Registration starts all over again – important deadlines! Still on the trail 88 Energy, Pantheon continue analyzing Merlin 1, Talitha A exploration well data Kay Cashman. … Petroleum News. The South Australian Government has extended its Crown Sponsorship of 1414 Degrees’ Aurora Energy Project. 88 Energy is maintaining close communication with the Bureau of Land Management (BLM) as it ascertains how the 60-day suspension will be understood and applied. Oil and gas explorer 88 Energy has gone cap in hand in front of investors on Wednesday morning as it hunts for fresh equity to strengthen its balance sheet. Latest News. 88 Energy News. 88 Energy (88E) has had its operations in Northern Alaska disrupted by a recently announced 60-day suspension of authority. Dr. Paul Craig, a veteran oil and gas investor in Alaska, told Petroleum News April 6 what other experienced North Slope operatives were only willing to say off the record: Although “88 Energy stock got beaten to a pulp on the news about the Merlin 1 well, I like the results. As such, the company originally expected to receive approval by February 12, 2021, a standard 30 days after application. 88E Leveraged to Exploration Success in Coming Weeks Email 11-Jan-2021 $ 0.010 Oil is Back: 88E is Drilling in Weeks. 88 Energy holds more approximately 210,000 acres on the North Slope mostly around the edges of other industry activity. Time period matches between 15 January 2021 and 15 April 2021. Results look good ... Petroleum News. Junior gas company Armour Energy (AJQ) has announced plans to complete the largest private airborne geophysical survey ever taken on in the Northern. Volume was 814 million shares above its 10 average of 601 million and 30 day average of 329 million shares a day. “We anticipate being able to get clarity on the situation within the next week,” he said. 88 Energy (88E) News Headlines. 88 Energy Limited engages in the exploration of oil and gas properties in the United States. 88 Energy has taken steps to minimise its expenditure until the situation is clarified further. Early data from the North Slope’s two winter exploration wells are encouraging, operators say. May 6, 2021; Rimba Raya Floating Clinic Supplying Health Care to the Community along the Seruyan River May 3, 2021; Techni?Sens joins the Tentamus Network! Today, shares of 88 Energy Limited (OTCMKTS:EEENF) are on the move. This suspension of authority up Australian based 88 Energy Limited ( ~310,000 acres to. The primary Term for the State leases is 10 years with no mandatory and. Financial News Articles for 88 Energy share price dived 64 % today Smith has appointed. 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