88 Energy Limited engages in the exploration of oil and gas properties in the United States. The company holds a 59% working interest in the Icewine project, which covers an area of approximately 231,000 acres located in North Slope of Alaska, the United States. It also holds a 100% working interest in the Yukon Gold leases covering an area of approximately 15,235...
As seen on chart I'm very bullish in the momentum rise to come here till late Feb when drill happens.
88E always been a great trading company ahead of drills in the past & will be repeating very soon once permit lands next week or so.
T-line crossing 20ma = bullish
Bounced off big support as previous resistance level.
Chart looks primed & not much downside for a...
Targeting 5p to 5.5p - 200DMA looking to be support for now - Perhaps re consider if this fails on a daily close.
Next well spud in coming months could be the catalyst for a move north
Some basic indicators on 88e on the London AIM today. Moving towards Icewine II drill in late Q1 will no doubt cause a lot of excitement for long term holders of this company. Any surprise news before then could possibly send the SP nicely north.
