88 Energy Ltd (ASX: 88E) Share Price and News
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88 Energy Ltd Chart and Price Data
Fundamentals Data provided by Morningstar.
Data provided by Morningstar. Market Cap $182.71 million
P/E Ratio N/A
Dividend Yield N/A
Shares Outstanding 16.61 billion
Earnings per share 0.000
Dividend per share N/A
Year To Date Return -56.00%
Earnings Yield N/A
Franking N/A
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as at 24 Feb 3:44pm
88 Energy Ltd (ASX: 88E)
Latest News
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Here’s why the 88 Energy (ASX:88E) share price is flying 32% higher today
88E ASX Announcements
An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.
| Date | Announcement | Price Sensitive? | Time | No. of Pages | File Size |
|---|---|---|---|---|---|
| YesNo |
About 88 Energy Ltd
88 Energy Ltd (ASX: 88E) is an oil and gas company based in Australia. Formerly Tangiers Petroleum Limited, its business involves exploring potential oil and natural gas and then processing the acquired crude reserves. 88 Energy has oil and gas assets in North America and Australia with major exploration operations currently focussed on projects Icewine and Peregrine in Alaska. The company’s other significant prospective project areas are Yukon Leases and the Umiat oil field.
After flatlining below 1 cent apiece for most of 2020, the 88 Energy share price surged to a short-lived 9.6 cent high in April 2021 off the back of Peregrine drilling results. Shares in the company traded between 2-3 cents for the remainder of FY21.
88E Share Price History Data provided by Morningstar.
| Date | Close | Change | % Change | Volume | Open | High | Low |
|---|---|---|---|---|---|---|---|
| 09 Aug 2022 | $0.01 | $0.00 | 0.00% | 28,625,227 | $0.01 | $0.01 | $0.01 |
| 08 Aug 2022 | $0.01 | $0.00 | 0.00% | 41,835,277 | $0.01 | $0.01 | $0.01 |
| 05 Aug 2022 | $0.01 | $0.00 | 0.00% | 46,767,923 | $0.01 | $0.01 | $0.01 |
| 04 Aug 2022 | $0.01 | $0.00 | 0.00% | 2,969,722 | $0.01 | $0.01 | $0.01 |
| 03 Aug 2022 | $0.01 | $0.00 | 0.00% | 21,694,924 | $0.01 | $0.01 | $0.01 |
| 02 Aug 2022 | $0.01 | $0.00 | 0.00% | 44,909,173 | $0.01 | $0.01 | $0.01 |
| 01 Aug 2022 | $0.01 | $0.00 | 0.00% | 42,789,230 | $0.01 | $0.01 | $0.01 |
| 29 Jul 2022 | $0.01 | $0.00 | 0.00% | 24,062,645 | $0.01 | $0.01 | $0.01 |
| 28 Jul 2022 | $0.01 | $0.00 | 0.00% | 9,793,813 | $0.01 | $0.01 | $0.01 |
| 27 Jul 2022 | $0.01 | $0.00 | 0.00% | 66,851,092 | $0.01 | $0.01 | $0.01 |
| 26 Jul 2022 | $0.01 | $0.00 | 0.00% | 77,180,149 | $0.01 | $0.01 | $0.01 |
| 25 Jul 2022 | $0.01 | $0.00 | 0.00% | 27,409,730 | $0.01 | $0.01 | $0.01 |
| 22 Jul 2022 | $0.01 | $0.00 | 0.00% | 11,715,710 | $0.01 | $0.01 | $0.01 |
| 21 Jul 2022 | $0.01 | $0.00 | 0.00% | 13,439,236 | $0.01 | $0.01 | $0.01 |
| 20 Jul 2022 | $0.01 | $0.00 | 0.00% | 42,761,745 | $0.01 | $0.01 | $0.01 |
| 19 Jul 2022 | $0.01 | $0.00 | 0.00% | 52,636,392 | $0.01 | $0.01 | $0.01 |
| 18 Jul 2022 | $0.01 | $0.00 | 0.00% | 32,485,279 | $0.01 | $0.01 | $0.01 |
| 15 Jul 2022 | $0.01 | $0.00 | 0.00% | 140,723,964 | $0.01 | $0.01 | $0.01 |
| 14 Jul 2022 | $0.02 | $0.00 | 0.00% | 252,733,280 | $0.02 | $0.02 | $0.01 |
| 13 Jul 2022 | $0.01 | $0.00 | 0.00% | 134,470,480 | $0.01 | $0.01 | $0.01 |
| 12 Jul 2022 | $0.01 | $0.00 | 0.00% | 46,315,768 | $0.01 | $0.01 | $0.01 |
Director Transactions Data provided by Morningstar.
| Date | Director | Type | Amount | Value | Notes |
|---|---|---|---|---|---|
| 08 Nov 2021 | Philip Byrne | Issued | 10 | $280,000 | Director remuneration. 10,000,000 - Performance Rights |
| 08 Nov 2021 | Stephen Staley | Issued | 10 | $280,000 | Issue of securities. 10,000,000 - Performance Rights |
| 08 Nov 2021 | Joanne Kendrick (nee Williams) | Issued | 10 | $280,000 | Director remuneration. 10,000,000 - Performance Rights |
| 08 Nov 2021 | Ashley Gilbert | Expiry | 2 | $67,452 | As advised by the company. 61,253,540 - Performance Rights Lapse of unvested Performance Rights |
| 08 Nov 2021 | Ashley Gilbert | Issued | 10 | $280,000 | Director remuneration. 65,927,000 - Performance Rights |
| 08 Nov 2021 | Ashley Gilbert | Exercise | 2 | $67,933 | As advised by the company. 63,662,540 - Performance Rights Vested and exercised Performance Rights settled via a cash settlement as allowed under the Performance Rights Plan |
Directors & Management Data provided by Morningstar.
| Name | Title | Start Date | Profile |
|---|---|---|---|
| Mr Philip Ambrose Byrne | Non-Executive ChairmanNon-Executive Director | Aug 2021 | Mr Byrne is a petroleum geologist by training with over 40 years' experience in the international oil and gas industry across technical, exploration, commercial and executive leadership roles. Previous positions he has held include Executive Vice President Marketing & Trading and Commercial, for Santos Energy, Managing Director and CEO of Nido Petroleum, President of the North-West Shelf Australia LNG organisation (the JV marketing arm of the NW Shelf LNG Project) and various roles with BHP Petroleum including General Manager (Pakistan), President Gas Marketing (Asia/Australia) and General Manager (Australia). |
| Dr Stephen Staley | Non-Executive Director | Apr 2014 | Dr Staley has more than 35 years of wide-ranging management, technical and commercial experience in the international oil, gas and power sectors. He co-founded and brought to the AIM market both Fastnet Oil & Gas plc (where he was the founding CEO) and Independent Resources plc (where he was the founding Managing Director). He was also both a technical consultant to, and Non-Executive Director of, Cove Energy plc - the highly successful East Africa focused explorer. Dr Staley is owner and founder of Derwent Resources Limited, an upstream consultancy advising on oil and gas opportunities. Prior to this he has worked for Cinergy Corp., Conoco, and BP. |
| Ms Joanne Louise Kendrick (nee Williams) | Non-Executive Director | Aug 2021 | Ms Kendrick is a petroleum engineer with over 25 years' experience in the global oil and gas sector. Ms Kendrick has previously held Board and senior executive positions with various international oil and gas companies including more recently as Managing Director and CEO of Blue Star Helium Limited. |
| Mr Ashley Gilbert | Managing Director | Aug 2019 | Mr Gilbert was appointed as Managing Director on 10 May 2021. Prior to his appointment, he was Chief Financial Officer and Company Secretary of 88 Energy. He is a Chartered Accountant with more than 20 years' experience in commerce and public practice. Prior to 88 Energy Mr Gilbert was CFO of Neptune Marine Services Ltd, a leading provider of integrated oil field services, and also CFO of Nido Petroleum Ltd for just under 10 years. He has also held various finance positions within Woodside Petroleum Limited, GlaxoSmithKline plc. in London and public practice in taxation, auditing, business development, financial management and governance roles. |
| Ms Sarah Jayne Smith | Company Secretary | May 2021 | - |
| Mr Oliver Mortensen | Chief Financial Officer | - | |
| Mr Robert Benkovic | Chief Operating Officer | - | |
| Sarah Jayne Smith | Company Secretary | - |
Top Shareholders Data provided by Morningstar.
| Name | Shares | Capital |
|---|---|---|
| Merrill Lynch (Australia) Nominees Pty Limited | 2,614,128,899 | 16.52% |
| Citicorp Nominees Pty Limited | 418,541,265 | 13.29% |
| BNP Paribas Noms Pty Ltd <Drp> | 404,213,656 | 9.46% |
| BNP Paribas Nominees Pty Ltd Acf Clearstream | 359,957,513 | 4.59% |
| Hargreaves Lansdown (Nominees) Limited <15942> | 294,014,896 | 3.51% |
| Hargreaves Lansdown (Nominees) Limited <Hlnom> | 259,392,526 | 2.09% |
| Interactive Investor Services Nominees Limited <Smktisas> | 231,372,615 | 1.67% |
| Interactive Investor Services Nominees Limited <Smktnoms> | 175,981,049 | 1.59% |
| Hsbc Custody Nominees <Australia> | 136,961,634 | 1.41% |
| Hargreaves Lansdown (Nominees) Limited <Vra> | 120,038,015 | 1.39% |
| Barclays Direct Investing Nominees Limited <Client1> | 112,415,683 | 1.02% |
| J P Morgan Nominees Australia Pty Limited | 106,085,021 | 0.95% |
| Hsdl Nominees Limited <Maxi> | 91,881,625 | 0.89% |
| HSDL Nominees Limited | 87,728,078 | 0.84% |
| HSBC Custody Nominees | 85,000,000 | 0.63% |
| Vidacos Nominees Limited <Igukclt> | 82,432,570 | 0.53% |
| Hsbc Client Holdings Nominee (Uk) Limited <731504> | 70,873,939 | 0.42% |
| Lawshare Nominees Limited <Sipp> | 69,024,562 | 0.40% |
| Bnp Paribas Nominees Pty Ltd <Ib Au Noms Retailclient Drp>Hsbc Custody Nominees (Australia) Limited | 61,369,048 | 0.37% |