UK 21:42 Monday, 21 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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?
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
wildrides
I thought the Canadian or Alaskan government was refunding a bunch of drilling costs at some point ? just saying thats all ,as I sold mine yonks ago .
wildrides
On balance I think I would rather own some of these ( which I dont currently ) than Metal Tiger which just seems vastly over valued to me . What is that all about ? Why dont people buy something with some proven extractable reserves like Ariana . Its going up slightly each day and the train will leave the station soon if you dont get on it . Destination mining income at next stop.
addick
The company has made it abundantly clear that there will be a fund raising and has even provided a likely timeline. It is not one of those companies that denies this sort of thing.
So, I’m afraid your headline is not news, nor is it sensational news…it’s already out there in the public domain.
Catch-up at the back, please!
@itsriskythat
So 88 Energy is the subject of an email received today – it must be ramping time again
Re: Meet 88 Energy – AIM’s star performer of 2016 – at The Capital Conference on 14th April 2016
Dear Investor,
I am contacting you to let you know that you are entitled to a complimentary ticket to the major Capital Conference. Taking place in the heart of London City – The Brewery, 52 Chiswell Street, London, EC1Y 4SD.
mikemike
Thermal Maturity: Volatile Oil: High rate, recovery and performance.
GRI Matrix Permeability: >10 x Eagle Ford: Very Good for volatile oil resource plays.
Gross/Net Pay: 197’/186’ : Tier 1 net to gross ratio of 94%.
Effective Porosity: 12.6%+ : 30% Higher than Eagle Ford.
TOC: 3.7%+(wt basis): In line with highly commercial resource plays.
Clay Content: 38%: Analogous to Marcellus/Haynesville.
Hydrocarbon Saturation: 75% : Consistent with WORLD CLASS resource plays.
Bottom seal: Effective: Allows for overpressure and volatile oil phase.
Pore Pressure: 40% above normal: Essential for commercial production.
BTW risky the invitation you received was sent by 88e??? you must be honoured to get your own personalised copy. Us lesser mortals received theirs from the organisers.