High hopes for 88 Energy but environmental storm brewing

14th January 2022
Philippa Aylmer
Equities
Crude Oil, 88 Energy, Oil & Gas Sector, Members Only

88 Energy (ASX:88E/LON:88E), the oil exploration and appraisal company has had a good run of late. The company completed the drilling of the Merlin-1 well at Project Peregrine in Q1 2021, with post well evaluation successfully demonstrating the presence of light oil in multiple stacked targets.

Added to this, the share price increased over 200% in 2021 and while it is nowhere near its 52-week high of GBX4.0 in March 2021, shares are currently trading at GBX1.55.

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Philippa Aylmer

Philippa Aylmer is a freelance writer within the investment management sector.

She began her career in the late 90s writing about emerging markets for the Euromoney titles while based in Pakistan. Since then, she has covered hedge funds, ETFs, wealth management and fintech.

As well as news, on the client side, Philippa advises on media relations and editorial strategy, writing about the topical and technical issues of investment management

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