88 Energy released its quarterly report and the results of the recent rights issue yesterday. During the period the Company commenced the farm-out process over the 2.3 billion barrels (bn bbls) conventional prospective oil resource of Project Icewine (upgraded post period to 2.89 bn bbls), whilst executing a definitive agreement to farm into the 144 million barrel (mmbbl) net to 88 Energy Winx prospect, scheduled to spud during Q1/19. We maintain our price target of 5.2p and our BUY recommendati ....
30 Oct 2018
Cenkos: 88 Energy Ltd - Quarterly Report and Rights Issue
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Cenkos: 88 Energy Ltd - Quarterly Report and Rights Issue
88 Energy Limited (88E:LON) | 0.2 0 (-14.4%) | Mkt Cap: 40.8m
- Published:
30 Oct 2018 -
Author:
James McCormack -
Pages:
4
88 Energy released its quarterly report and the results of the recent rights issue yesterday. During the period the Company commenced the farm-out process over the 2.3 billion barrels (bn bbls) conventional prospective oil resource of Project Icewine (upgraded post period to 2.89 bn bbls), whilst executing a definitive agreement to farm into the 144 million barrel (mmbbl) net to 88 Energy Winx prospect, scheduled to spud during Q1/19. We maintain our price target of 5.2p and our BUY recommendati ....