Tag: Oil

88 Energy starts a six week shut-in at Icewine

88 Energy starts a six week shut-in at Icewine

88 Energy’s (88E.L, ASX:88E) share price nosedived last night in Australia and today in London after the company announced it would go ahead with a six week shut-in at the Icewine well. According to the company, after having analyzed and compared the current well performance to other shale plays, it […]

88 Energy confuses the market

88 Energy confuses the market

If there’s one thing you can’t blame 88 Energy (ASX:88E, 88E.L) for, it’s publishing exploration updates on a regular basis. The company realises every single investors is looking forward to see the flow rates, and it usually is a good thing to keep every stakeholder up to date on what’s […]

Africa Oil discovers more oil in Kenya

Africa Oil discovers more oil in Kenya

Africa Oil (AOI.TO) confirmed last month it has encountered 75 meters of net oil pay in two zones of the Emekuya 1 well in the 13T Block in Northern Kenya. The well was drilled less than 3 kilometers north of Etom 2 and encountered reservoir-quality sandstone which are pretty much […]

88 Energy demobilizes Arctic Fox – the wait is almost over

88 Energy demobilizes Arctic Fox – the wait is almost over

88 Energy (ASX:88E, 88E.L) is doing a good job in keeping its shareholders up-to-date on its progress in Alaska where it’s drilling a new well to test the flow rates of its unconventional oil discovery. The company has now demobilized the Arctic Fox drill rig after the well has been […]

88 Energy’s Icewine #2 well is going according to plan

88 Energy’s Icewine #2 well is going according to plan

88 Energy (88E.L, ASX:88E) has started to drill the second Icewine well on April 24th, and has now reached a depth of approximately 3,000 feet on April 27th already. The surface casing has been cemented, and the Arctic Fox drill rig has recommenced drilling to push through the intermediate hole […]

Jericho Oil is trading 29% below its PV10 NAV

Jericho Oil is trading 29% below its PV10 NAV

It took the company a bit longer than we expected, but Jericho Oil (JCO.V) has now finally released an updated reserve report on its American activities. To make our life easier, Jericho has reported all results based on its effective interest in the properties, which provides us with a very […]