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88 Energy Limited
Video analysis: EEENF
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News: EEENF
88 Energy retains Cavendish buy rating as Namibia exploration moves to next phase
88 Energy Ltd (AIM:88E, ASX:88E, OTCQB:EEENF, FRA:POQ) has secured a bullish endorsement from Cavendish, with the broker pointing to 1,786% upside despite a pending regulatory hurdle in Namibia. Cavendish reiterated its 'buy' rating and massive 19.8p price target following a strategic operational update on the group's highly prospective Namibian acreage.
88 Energy moves Namibia exploration venture to next phase
88 Energy Ltd (AIM:88E, ASX:88E, OTCQB:EEENF, FRA:POQ) told investors that its Namibia joint venture has applied to move PEL 93 into its next two-year exploration phase, putting at least one exploration well on the work programme as nearby drilling provides further evidence of hydrocarbons in the Owambo Basin. The application covers a Second Renewal Exploration Period starting on 3 October 2026 and follows integration of around 6,000 line-kilometres of airborne geophysical data.
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Cavendish sees 18-fold upside at 88 Energy on Alaska prospect scale
Cavendish has reiterated its buy rating and 19.8p target price on 88 Energy Ltd (AIM:88E, ASX:88E, OTCQB:EEENF, FRA:POQ), implying significant untapped...
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Cavendish sees 18-fold upside at 88 Energy on Alaska prospect scale
Cavendish has reiterated its buy rating and 19.8p target price on 88 Energy Ltd (AIM:88E, ASX:88E, OTCQB:EEENF, FRA:POQ), implying significant untapped upside from the current 1.02p share price. The AIM-listed oil and gas explorer's South Prudhoe acreage on Alaska's North Slope now holds 768.9 million barrels of gross prospective resources, of which 640.7 million barrels are net to the company.
