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88 Energy Ltd.88 Energy Ltd.88 Energy Ltd.

88 Energy Ltd.

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EEENF trade ideas

$EEENF PT .94 and higher 88 Energy- Project Peregrine; consisting of Merlin-1, Harrier-1 & UMIAT Wells - UMIAT is estimated to have 124 Million Barrels of Oil - 4 Billion Shares are owned by Nominee Brokers - Sitting on 30 Billion potential gallons of High Grade Oil - Near Conoco Phillips Willow Discovery - An independent geologist said the find could be significant because it would show that an oil bearing regional geologic formation, where discoveries have been made, is larger than thought
OTC:EEENFLong
by BADQOMOCAWGOWLD
7
$EEENF Supernova!$EEENF 88 Energy- Project Peregrine; consisting of Merlin-1, Harrier-1 & UMIAT Wells - UMIAT is estimated to have 124 Million Barrels of Oil - 4 Billion Shares are owned by Nominee Brokers - Sitting on 30 Billion potential gallons of High Grade Oil - Near Conoco Phillips Willow Discovery - An independent geologist said the find could be significant because it would show that an oil bearing regional geologic formation, where discoveries have been made, is larger than thought
OTC:EEENF
by UnknownUnicorn19246015
1
88 energy Technical bounce at 0.94 - 618 fib levelAfter a huge spike earlier this week naturally the market has sold off. We are looking for likely spots where the market will bounce. A great setup is at the 618 fib level where most likely buyers will be looking to enter. So far my technical have played out extremely well. and considering a drill results/update in a mid next week, we are looking for levels where market will hold out . Expecting buyers to enter around 0.95 cents for a target of 2-3+ pennies for good Risk Reward
LSE:88E
by arbtrader
88E.GB: Bullish Pennant, awaiting confirmation (87%)Bullish Pennant, awaiting confirmation (87%) Pros: Volume during post formation Descending volume during triangle formation Volume at break out Golden cross in blue PPS above 50MA and 200MA RS above 0 and ascending R/R ratio above 6 250RSI above 50 and ascending 200MA ascending, barely ATR ascending Target: PT = 2.154$ Help how ever you can to keep this alive. Thank you to those who have donated Coins! Always do your own due dilligence. This is not financial advice Stay Humble, have fun, make money! Education: www.dailyfx.com
LSE:88ELong
by LeLaf
88E - Is it ready for a Breakout?88E has managed to close above the long term Bearish Trendline with apparently much heavy volume. The bounce off the POC of Volume Profile, Bullish MACD and the breakout all indicate that the price is expected to continue to the upside. I am bullish 88E with my targets below: TP1 - 0.015 (Potential gain 35%) TP2 - 0.019(Potential gain 67%) Stoploss - $0.007 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:88ELong
by AsimMirzaTrader
3
$EEENF PT 5 Supernova 285X Returns88 Energy Limited (ASX:88E; AIM 88E) has just commenced drilling the Merlin-1 well which will initially be drilled to 1,500 feet, then surface casing will be installed and the Blow Out Preventer System tested. This is expected to take approximately one week to execute after which the well will be deepened through the target horizons in the Nanushuk Formation to a maximum total depth of 6,000 feet. The Merlin-1 well is targeting 645 million barrels of gross mean prospective resource as outlined below. Logging while drilling and mudlogging will provide initial indications as to the prospectivity of the well during this part of the operation which is expected to take three to five days. A sophisticated wireline logging suite will then be run, including sidewall cores and downhole sampling. Wireline logging is expected to take five to seven days. If the results from the wireline logging are encouraging, then the well will be completed with casing and a flow test conducted. US$13 million in cash to pursue Harrier-1 next season 88E said that recent delays commencing Merlin-1 could well result in the previously planned Harrier-1 not being drilled until next season. There has also been a financial impact from delays mainly associated with the issuance of a permit to drill that should see the costs of the well attributed to 88E increasing from US$1.4 million to US$4 million. Notwithstanding this financial impost, the company’s current cash position is US$13 million which more than funds its share of the drilling of Merlin-1 and the company’s other planned activities. Consequently, management’s focus is firmly on achieving success with Merlin-1, and on this note managing director Dave Wall said, "Drilling has now commenced at Merlin-1, with results expected within the next 4 weeks. "This is an exciting and pivotal time for the company and our shareholders.” The timing of a potential oil strike couldn’t be better with the Crude Oil WTI Index hitting a high of US$67.98 per barrel just last week, a level it hasn’t traded at since 2018.
OTC:EEENF
by BADQOMOCAWGOWLD
7
88E.ASX Reversal Pattern I cant pick exactly what this pattern is. I thought it was a triple bottom at first, but triple bottoms don't slope down like that. The broadening Wedge could fit it, but it doesn't meet the bottom trend line before an attack on the upper, plus there is a volume spike at the front of the pattern? It could be a simple double bottom but I feel there is a lot more going on in there. That is the problem of chart patterns; they're incredibly subjective. In any case, I know a reversal when I see one. If this is going to give us a rise, I'm expecting the price to continue on from this point, but there is every chance it could get caught here for a week or so. I've drawn in the dotted blue trend line because I cant quite decide whether or not the breakout has already begun or if the congestion zone is going to start now. Either way, I would be looking for the next candle to close above 0.020 before I could be certain. There's not even any clues on the daily, as the last two candles are dragon fly dojis which are as good as random anyway. If we do get a good start next week then I think this will have the potential to run all the way to the 200 week MA at 0.030, setting a stop at 0.017 which is a previous line of support. It is a little generous and should probably be at 0.018, but I would hate to get stopped out of a potential 50% gain. A drop below 0.017 indicates this will likely continue to head south to the lower trend line.
ASX:88ELong
by MadButcherWA