Oil & Gas
88 Energy Limited (ASX:88E)
Industry Group : Energy | Industry Group Name : Oil, Gas & Consumable Fuels
Market Price : AUD 0.030.001 (3.448%)
(as on 2021-10-23 05:25:05)
| Previous Close | Open | Close* | Day Range | 52 WEEK HIGH LOW |
|---|---|---|---|---|
| 0.029 | 0.03 | 0.03 | 0.029L 0.03 H | 0.006L 0.096 H |
| Last Trade | 0.03 |
|---|---|
| Change% | 3.4483 |
| 52 W H/L | 0.096/0.006 |
| EBITDA | -15.296 M |
|---|---|
| NPAT After Abnormal Items | -22.034 M |
| Equity | 58.911 M |
| ROE% | -37.40% |
| Total Liabilities | 26.448 M |
|---|---|
| Total Revenue | 292,997 |
| Cash and Cash Equivalents | 14.845 M |
Stock Information
| Share price | 0.03 |
|---|---|
| Market Cap | 432.012 M |
| Price/Gross Cash Flow | -6.27 |
| Dividend Yield Excluding Special | 0.00% |
| Ending Shares | 10.602 B | 52-Week Range | 0.006-0.096 |
| P/E ratio | 0.000 |
|---|---|
| Sector P/E | -- | EPS | -0.27 |
| EV/EBITDA | -- |
| Net Profit Margin (%) | -- |
| Gross Cash Flows Per Share | -0.00 |
| Net Gearing | 10.08% |
| Gross DPS (AUD) | 0 |
|---|---|
| Gross Dividend Yield (Annualized) | 0.00% |
| Earnings Yield | 0.000 |
| Net Tangible Asset (NTA) | 0.01 |
| Sales Per Share | 0.00 |
| Book Value Per Share | 0.01 |
Announcements
About Company
88 Energy Limited is an oil and gas exploration and production company aiming at oil on the globally recognised North Slope of Alaska through its operations across Project Peregrine and Project Icewine.
88E wholly owns the Project Peregrine, where the prospective areas like Merlin-1 well and Harrier-1 well indicate a substantial opportunity for the Company. For 88E, Harrier and Merlin prospects in Nanushuk Formation indicate relatively high chances of success.
In addition to this, 88E has a majority interest in Project Icewine, which is located in the prolific oil-rich province with multiple objectives. 88E inked an agreement with Burgundy Xploration in 2014 to obtain a substantial working interest in a large acreage position in the Project Icewine.
88E was granted the lease sale on Lease AA095899 in the new Coastal Plain, commencing from 1 January 2021, through its wholly-owned subsidiary Regenerate Alaska Inc. The area is believed to be highly prospective for oil and gas.
This acquisition indicates a major step towards 88E’s aggregation strategy for oil resources in the North Slope of Alaska, where the present infrastructure offers a possible pathway to commercialisation.
88E also anticipates obtaining support in furthering discussions with neighbouring resource owners to optimise the monetisation strategy of the acreage.
The Company envisions establishing a successful exploration and production business that generates substantial value for its shareholders while providing towards the development of the regions of operations.
88E plans to achieve this by targeting unnoticed or developing areas where its team of experts can mobilise rapidly to capitalise on prospects prior to the movement of bigger players in the industry.
Interestingly, vigorous technical assessment along with informed socio-political decisions and cultural sensitivity in commercialisation affairs form the basis for 88E’s pursuit of opportunities.
Corporate Information
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Ground Floor, 516 Hay Street, SUBIACO, WA, AUSTRALIA, 6008
+61 8 9485 0990
Dividends
| Ex-Dividend Date | Franking | DPS (AUD) | Dividend Yield |
|---|---|---|---|
| 30/12/2020 | -- | 0.000 | 0.00% |
| 30/12/2019 | -- | 0.000 | 0.00% |
| 30/12/2018 | -- | 0.000 | 0.00% |
| 30/12/2017 | -- | 0.000 | 0.00% |
| 30/12/2016 | -- | 0.000 | 0.00% |
| 30/12/2015 | -- | 0.000 | 0.00% |
| 30/12/2014 | -- | 0.000 | 0.00% |
| 30/12/2013 | -- | 0.000 | 0.00% |
| 30/12/2012 | -- | 0.000 | 0.00% |
| 30/12/2011 | -- | 0.000 | 0.00% |
Event Calendar
| Event Type | Event Date | Event Year |
|---|---|---|
| Report (Quarterly) | 2022-10-14 | 2022 |
| Report (Quarterly) | 2022-07-26 | 2022 |
| Report (Quarterly) | 2022-04-19 | 2022 |
| Report (Annual) | 2022-03-08 | 2022 |
| Report (Quarterly) | 2022-01-20 | 2022 |
Financials
| Breakdown | 30/12/2020 | 30/12/2019 | 30/12/2018 | 30/12/2017 | 30/12/2016 |
|---|---|---|---|---|---|
| Trading Revenue | -- | -- | -- | -- | -- |
| Other Revenue | 292,997 | 15,385 | 1.884 M | 50,315 | 104,379 |
| Total Revenue | 292,997 | 15,385 | 1.884 M | 50,315 | 104,379 |
| Interest Income | 5,244 | 20,546 | 16,971 | 6,396 | 54,248 |
| Interest Expenses | -2.595 M | -3.095 M | -4.225 M | -2.703 M | -1.703 M |
| Expenses | -19.643 M | -33.663 M | -3.62 M | -5.758 M | -7.849 M |
| EBITDA | -19.35 M | -33.647 M | -1.735 M | -5.708 M | -7.744 M |
| Depreciation and Amortization | -93,387 | -58,110 | -50,609 | -3,952 | -8,232 |
| Depreciation | -93,387 | -58,110 | -50,609 | -3,952 | -8,232 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| EBIT | -19.443 M | -33.706 M | -1.786 M | -5.712 M | -7.753 M |
| Pre Tax Profit | -22.034 M | -36.78 M | -5.994 M | -8.409 M | -9.401 M |
| Tax Expense | 0 | 0 | 0 | 0 | 0 |
| Net Profit After Tax | -22.034 M | -36.78 M | -5.994 M | -8.409 M | -9.401 M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| Preference Dividend | 0 | 0 | 0 | 0 | 0 |
| Net Abnormal Items | 0 | 0 | 0 | 0 | 0 |
| Reported Net Profit After Abnormal Items | -22.034 M | -36.78 M | -5.994 M | -8.409 M | -9.401 M |
| Ending Shares | 10.602 B | 6.872 B | 6.332 B | 4.681 B | 4.197 B |
| Weighted Average Shares | 8.151 B | 6.332 B | 6.186 B | 4.571 B | 3.714 B |
| EPS After Abnormal Items (cents) | -0.27 | -0.58 | -0.1 | -0.18 | -0.25 |
| Breakdown | 30/12/2020 | 30/12/2019 | 30/12/2018 | 30/12/2017 | 30/12/2016 |
|---|---|---|---|---|---|
| Total Current Assets | 19.925 M | 17.024 M | 23.824 M | 14.372 M | 27.616 M |
| Total Non Current Assets | 65.435 M | 76.556 M | 99.972 M | 67.188 M | 49.392 M |
| Total Assets | 85.36 M | 93.58 M | 123.796 M | 81.56 M | 77.008 M |
| Total Current Liabilities | 5.666 M | 6.309 M | 6.257 M | 26.029 M | 6.218 M |
| Total Non Current Liabilities | 20.782 M | 22.673 M | 23.424 M | 0 | 22.779 M |
| Total Liabilities | 26.448 M | 28.982 M | 29.682 M | 26.029 M | 28.997 M |
| Net Assets | 58.911 M | 64.599 M | 94.114 M | 55.531 M | 48.01 M |
| Breakdown | 30/12/2020 | 30/12/2019 | 30/12/2018 | 30/12/2017 | 30/12/2016 |
|---|---|---|---|---|---|
| Net Operating Cash | -5.117 M | -5.838 M | -6.585 M | -4.429 M | -3.498 M |
| Net Invested Cash | -9.337 M | -5.865 M | -22.954 M | -22.756 M | -25.592 M |
| Net Financing Cash Flows | 13.631 M | 6.069 M | 36.427 M | 15.729 M | 46.005 M |
| Beginning Cash | 15.903 M | 21.722 M | 14.014 M | 27.303 M | 9.604 M |
| End Cash Position | 14.845 M | 15.903 M | 21.722 M | 14.014 M | 27.303 M |
| Exchange Rate Adjustments | -234,868 | -184,227 | 819,995 | -1.832 M | 784,097 |
| Other Cash Adjustments | 0 | 0 | 0 | 0 | 0 |
| Ending Cash | 14.845 M | 15.903 M | 21.722 M | 14.014 M | 27.303 M |
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