88 Energy (ASX: 88E) — Company Overview, News & Financial Data
88 Energy is an Australian oil and gas exploration company focused on the Alaskan North Slope with potential billion-barrel projects.
88 Energy
88 Energy is a Perth-based oil and gas exploration company focused on high-impact appraisal and development assets in North America and West Africa. The company holds significant acreage across the North Slope of Alaska, including Project Phoenix, Project Icewine, Project Peregrine, Project Yukon, and Umiat, as well as onshore petroleum exploration licensing in Namibia's Owambo Basin via PEL 93. Its operations cover geological surveying, 3D seismic acquisition, exploratory drilling, and targeted oil production in the Texas Permian Basin through Project Longhorn. 88 Energy targets key reservoir play fairways to identify, evaluate, and commercialize prospective hydrocarbon resources.
Snapshot
Products and/or services of 88 Energy
- Onshore Permian Basin Oil Production: Non-operated producing net working interests across Texas onshore oil fields, delivering existing production volumes, steady operating cash flows, and low-capital rapid-payback workover well intervention and field optimization investment opportunities.
- Alaskan North Slope Central Exploration Assets: Exploration and appraisal petroleum leases on the central North Slope of Alaska targeting conventional and unconventional oil play fairways, including the Shelf Margin Delta, Slope Fan, and Basin Floor Fan reservoir systems.
- Alaskan Shallow and Slope Fan Oil Appraisal: Large-scale contiguous oil lease acreage in northern Alaska focused on shallow conventional reservoirs and heavy oil accumulation testing adjacent to proven producing oil fields and existing pipeline infrastructure.
- Namibian Onshore Frontier Exploration: Onshore petroleum exploration license acreage covering thousands of square kilometers in the Owambo Basin of Namibia, focusing on passive seismic surveys, stratigraphy evaluation, structural play mapping, and initial exploration well targeting.
- Alaskan Eastern North Slope Acreage: Oil exploration lease holdings on the eastern border of Alaska's North Slope, featuring historic drill discoveries, prospective oil-bearing formations, and proximity to state transport corridors and coastal shipping hubs.
- Alaskan Foothills Petroleum Leases: Contiguous oil and gas lease holdings adjacent to established unit boundary areas in northern Alaska, targeting conventional oil resources via prospective reservoir characterization, 3D seismic, and historical well data integration.
88 Energy executive team
- Ashley Phillip Gilbert A FinMD & Director
- Oliver MortensenChief Financial Officer
- Richard JasonExploration Manager
- Sarah Jayne SmithCompany Secretary
Latest news about 88 Energy
Recent announcements
What 88 Energy (88E) has told the market, newest first.
- South Prudhoe Operational UpdatePrice sensitive
Key financials
Reported results for 88 Energy, in AUD.
- Market cap
- 25.3M
- Revenue (TTM)
- 345.4K
- P/E ratio
- —
- EPS (diluted, TTM)
- -0.0
- Dividend yield
- —
- Profit margin
- 0.0%
| Fiscal year end | Revenue | Operating income | Net income |
|---|---|---|---|
| 345.4K | -4.6M | -52.9M | |
| 821.6K | -3.5K | -32.8M | |
| 500.9K | -6.6M | -14.4M | |
| 2.5K | -6.9M | -70.7M |