88 Energy Limited focuses on the exploration and development of oil and gas resources in North America, primarily in Alaska's North Slope. The company combines technical expertise with strategic partnerships to explore and appraise untapped resources in the region. Its unique position in the market is bolstered by its focus on under-explored and previously overlooked prospects, offering significan...
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Industry & Focus
oil exploration
alaska
energy sector
upstream oil
resource development
Company Overview
AI-generated company summary
88 Energy Limited focuses on the exploration and development of oil and gas resources in North America, primarily in Alaska's North Slope. The company combines technical expertise with strategic partnerships to explore and appraise untapped resources in the region. Its unique position in the market is bolstered by its focus on under-explored and previously overlooked prospects, offering significant operational leverage and potential value uplift.
Company History
88 Energy Limited was founded in 1996 and initially engaged in various mining ventures. In recent years, the company pivoted to focus exclusively on oil and gas exploration in Alaska. It underwent a significant transformation with the acquisition of Project Icewine in 2014, which marked its commitment to Alaskan oil exploration. The company was listed on the ASX and has since focused on expanding its asset base and securing partnerships to advance its projects.
Competitive Advantages
88 Energy Limited’s competitive advantages include its strategic asset base in the highly prospective Alaskan North Slope region, its use of advanced seismic and exploration technologies, and established joint ventures which leverage local expertise and infrastructure.
Risk Factors
•Exploration and production risks due to harsh climatic conditions in Alaska
•Potential regulatory changes impacting oil exploration and extraction activities
•Volatility in global oil prices affecting project economics and funding
Recent Developments
Last 6 months
In the last six months, 88 Energy announced the completion of its Merlin-1 well drilling program, revealing significant oil shows and planning further assessment activities. The company also raised additional capital to fund ongoing exploration operations, indicating investor confidence in its project potential.
Key People
Leadership team at 88 Energy
AG
Ashley Gilbert
CEO
Ashley Gilbert became CEO of 88 Energy in 2021, bringing a wealth of experience in financing and strategic development within the resource sector.
SS
Stephen Staley
Non-Executive Director
Stephen Staley served as a Non-Executive Director and contributes with over 30 years of experience in upstream oil and gas, spanning technical and executive roles.
Financial Reports
14 reports available
2025 Half Year Report
Half Year ResultsAug 26, 2025via asx_announcements
Annual Report to shareholders
Annual ReportMar 11, 2025via asx_announcements
2024 Half Year Report
Half Year ResultsSep 2, 2024via asx_announcements
Annual Report to shareholders
Annual ReportMar 28, 2024via asx_announcements
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