DRILLING RESULTS

88E’s Merlin-1 well confirms oil. Appraisal well planned early 2022

We have been following 88 Energy (ASX:88E) for many years and are delighted for them and long term holders this week with the company confirming the presence of light oil in the evaluation of their Merlin-1 well drilled earlier this year — finally confirming the elusive news we have been waiting for.

Oil Discovery? 88E’s Lab Results Reveal More...

Today 88 Energy (ASX: 88E | OTC: EEENF) released an announcement on additional lab results from its most recent drilling campaign. This was definitely 88E’s best ever drilling outcome to date, despite the operational issues that occurred during drilling.

88 Energy ASX - What Just Happened?

In the last few weeks 88 Energy (ASX: 88E) ran up over 1,000% on speculation of a huge, gushing oil result… Today the 88E share price has taken a healthy reality check (in other words it got smashed from its highs) on what was actually quite positive progress as far as oil exploration results go.

Promising Results so Far… But there is Some More Work to Do…

Today 88 Energy (ASX: 88E) announced the interpretation of its ‘logging while drilling’ data. The progress results to date indicate multiple potentially hydrocarbon bearing zones have been encountered whilst drilling.

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