Our Initial Entry
Price
Portfolio Initiation
5 Day VWAP
After Initiation
Current Price
Our Current Returns
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ASX:88E
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Our Current Returns 440% |
📋 About: 88 Energy (ASX: 88E | LON: 88E | OTC: EEENF) is an early stage oil explorer that operates in the North Slope of Alaska.
Project Peregrine: 1.6 billion barrel gross mean unrisked recoverable prospective resource on the North Slope of Alaska.
Project Icewine: Operator on majority of ~260,000 contiguous acres (~200,000 net) onshore Alaska in prolific oil-rich province with multiple objectives
🌏 Macro Theme: Oil & Gas was unloved in 2020 during COVID-19 pandemic and a rebound is expected in 2021
✅ Portfolio Initiation: Next Investors Commentary
✅ Capital Raise $10M @0.6c: Next Investors Commentary
🔲 Project Funding #1
🔲 Project Funding #2
🔲 Unexpected Positive Announcement 1
🔲 Unexpected Positive Announcement 2
🔲 Unexpected Positive Announcement 3
✅ Acquired Project: Next Investors Commentary
✅ Farmout Agreement Secured: Next Investors Commentary
✅ Drilling Permit Secured: Next Investors Commentary
✅ Drilling Commenced: Next Investors Commentary
✅ Drilling Complete: Next Investors Commentary
✅ Initial Lab Results: Next Investors Commentary
ℹ️ Buy back of 100% of Project Peregrine from APDC: Next Investors Commentary
✅ Further Lab Results
🔲 Final Petrophysical Interpretation (Merlin-1)
🔄 Planning for second well
🔲 Planning for a possible in-fill 2D or 3D seismic
🔲 Farmout Peregrine to new partner
✅ Drilling Results (Charlie-1): Next Investors Commentary
✅ Resource Upgrade: Next Investors Commentary
🔲 Positive results from neighbour Pantheon Resources drilling
🔲 Farmout of acreage to fund an appraisal well
🔲 Commercialisation Opportunities (Charlie-1)
✅ Acquired Project: Next Investors Commentary
🔄 Assess development options
🔲 New Milestones Added
✅ Initial Investment: @0.5c (≈9 months before key drilling event)
✅ Increase Investment: @0.6c (≈6 months before key drilling event)
✅ Price increases 500% from initial entry
✅ Price increases 1000% from initial entry
🔲 Price increases 2000% from initial entry
✅ Free Carry (days before key drilling event)
✅ Take Some Profit (days before key drilling event)
✅ Hold position for key drilling event
✅ Decide New Investment Plan after results of key drilling event
✅ Increase Investment: @2.5c (≈9 months before key drilling event)
🔲 Increase Investment
🔲 Increase Investment
🔲 Price increases 200% from investment
🔲 Price increases 400% from investment
🔲 Price increases 600% from initial entry
🔲 Free Carry (days before key drilling event)
🔲 Take Some Profit (days before key drilling event)
🔲 Hold position for key drilling event
🔲 Decide New Investment Plan after results of key drilling event
"Expected Company Milestones" are based on the company's publicly available execution plan and some assumptions made by our team on potential announcements that should de-risk the investment. “Our investment milestones” show our current long-term investment plan. Early stage investments are risky and there is no guarantee that the expected events will occur. The lists are not in sequential order.
Key
🔲 Expected Milestone
✅ Achieved Milestone
🟩 Above Average Result
🟨 Average (Expected) Result
🟧 Below Average Result
🟥 Negative Result
🌎 Macro Event
🔄 In Progress
⚔️ Results from Other Company / Project
[UPA] Unexpected Positive Announcement
[NEW] New Milestone Added
Email Aug 21, 2021
Remember a couple of weeks ago when the small cap market was roaring and everything was going up? Seems like an eternity ago now after the majority of the small cap market took a beating this week.
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