88 Energy (ASX:88E, AIM:88E) has revealed it has merged operations with XCD Energy to create an Alaska-focused oil company. The Australian minnows completed the deal just weeks after 88E’s...
88E
Winx-1 failure sends oil and gas juniors sliding (88E, RMP, PANR)
Shares in oil and gas juniors associated with the Winx-1 exploration well in Alaska collapsed on Wednesday following the news that the site has been plugged and abandoned. Early indications for the...
Red Emperor Resources – Beware the Ides of March! (RMP)
n the Roman calendar, the Ides of March fell on 15 March. Legend has it that a soothsayer warned Julius Caesar he would be assassinated on this day, but Caesar dismissed him out of hand....
88 Energy, Red Emperor Resources, and Pantheon Resources dive on disappointment at Winx-1 (88E, RMP, PANR)
The share prices of Red Emperor Resources (LSE:RMP), 88 Energy (LSE:88E), and Pantheon Resources (LSE:PANR) all fell sharply on Friday after the companies released an update on the Winx-1...
Red Emperor and 88 Energy begin drilling of main target at Winx exploration well (RMP, 88E)
Red Emperor Resources (LSE:RMP) and 88 Energy (LSE:88E) revealed that they had started drilling the primary oil targets at their well in Alaska on Monday. The Winx-1 exploration well, operated by 88...
Drilling rig mobilises for Red Emperor and 88 Energy-owned Winx exploration well (RMP, 88E)
Both Red Emperor Resources (LSE:RMP) and 88 Energy (88E) were trading down on Tuesday despite making significant drilling preparation progress at their shared prospect on the North Slope of Alaska....
88 Energy drops by a fifth on Icewine#2 suspension, but could it sink even further on fresh red flags? (88E)
Oil and gas firm 88 Energy (LSE:88E) saw its shares fall by more than 20pc yesterday to 1p after announcing the suspension of its Icewine#2 project in Alaska. Despite efforts to dress up the news...
88 Energy – Is a large short closing out in the placing? (88E)
This morning 88 Energy (LSE:88E) announced a “proposed placing” to raise up to A$17m. The “proposed” price of this deal works out at roughly 2p per share, a 26% discount to the previous session’s...