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88 Energy Limited engages in the exploration and production of oil and gas properties in the United States and Namibia. It operates through three segments: Oil and Gas exploration in Alaska, USA.; Oil & Gas production in Texas, USA.; and Oil & Gas exploration, Namibia. 88 Energy Limited was formerly known as Tangiers Petroleum Limited and changed its name to 88 Energy Limited in February 2015. The company was incorporated in 1996 and is based in Subiaco, Australia.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
88 Energy Limited is an oil and gas exploration company focused on onshore acreage in Alaska's North Slope and other frontier assets seeking to discover and appraise hydrocarbons for development or farm-out. Long-term growth drivers are high-impact exploration wells, acreage scale that could attract partners, and potential value uplift from discoveries and licensing that may benefit from favorable commodity markets and infrastructure.
Key risks include high exploration and execution uncertainty, reliance on external financing and farm-outs, commodity-price swings, permitting and operational challenges in remote Arctic settings, and potential equity dilution.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -52.89M | -0.03M | -14.44M | -70.72M | -2.41M |
| Net income | -52.89M | -0.03M | -14.44M | -70.72M | -2.41M |
| Selling general administrative | 1.81M | 0.00M | 2.69M | 2.78M | 3.05M |
| Selling and marketing expenses | - | 0.00M | 13.31M | - | - |
| Gross profit | -0.09M | -0.08M | -0.06M | -0.06M | -0.08M |
| Ebit | -4.61M | -0.03M | -16.55M | -74.54M | -1.52M |
| Ebitda | -4.52M | -0.00M | -6.99M | -2.06M | -1.21M |
| Depreciation and amortization | 0.09M | 0.03M | 9.55M | - | - |
| Operating income | -4.61M | -0.00M | -16.00M | -2.06M | -1.21M |
| Other operating expenses | 4.61M | 0.00M | 16.00M | 5.88M | 5.92M |
| Interest expense | 0.00M | 0.00M | 0.01M | 0.01M | 1.20M |
| Tax provision | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Interest income | 0.35M | 0.82M | 0.50M | 0.02M | 0.00M |
| Net interest income | 0.34M | 0.82M | 0.49M | -0.01M | -1.20M |
| Income tax expense | - | - | -1.67M | - | - |
| Total revenue | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total operating expenses | 4.52M | 0.00M | 16.00M | 5.82M | 5.83M |
| Cost of revenue | 0.09M | 0.08M | 0.06M | 0.06M | 0.08M |
| Total other income expense net | -48.28M | -0.03M | 1.57M | -68.66M | -1.20M |
| Net income from continuing ops | -52.91M | -32.82M | -14.44M | -70.72M | -2.41M |
| Net income applicable to common shares | - | - | - | -70.72M | -2.41M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 87.95M | 148.99M | 156.53M | 133.03M | 145.78M |
| Other current assets | - | 5.60M | 3.97M | 1.55M | 10.22M |
| Total liab | 0.36M | 0.36M | 0.84M | 1.35M | 5.94M |
| Total stockholder equity | 87.58M | 148.64M | 155.69M | 131.68M | 139.84M |
| Other current liab | 0.23M | 0.25M | 0.36M | 0.24M | 0.15M |
| Common stock | 392.47M | 392.62M | 379.92M | 340.97M | 285.81M |
| Capital stock | 392.62M | 392.62M | 379.92M | 340.97M | 285.81M |
| Retained earnings | -339.80M | -287.02M | -254.20M | -239.77M | -169.04M |
| Other assets | - | - | - | 0.44M | 0.41M |
| Cash | 6.82M | 7.20M | 18.18M | 14.12M | 32.32M |
| Total current liabilities | 0.36M | 0.36M | 0.84M | 1.35M | 5.94M |
| Net debt | -6.82M | -7.20M | -18.18M | -14.12M | -32.32M |
| Other stockholder equity | - | 43.04M | -0.00M | 30.47M | 23.07M |
| Property plant equipment | - | - | - | 96.50M | 101.48M |
| Total current assets | 10.55M | 12.79M | 22.16M | 15.67M | 43.48M |
| Net tangible assets | - | - | - | 131.68M | 139.84M |
| Short term investments | - | - | 0.00M | - | - |
| Net receivables | 3.73M | - | 3.97M | 1.55M | 0.94M |
| Long term debt | - | - | - | - | 0.00M |
| Inventory | - | - | -3.97M | - | - |
| Accounts payable | 0.13M | 0.11M | 0.48M | 1.11M | 5.80M |
| Accumulated other comprehensive income | 34.92M | - | 29.97M | - | - |
| Non currrent assets other | 77.34M | 0.55M | 0.51M | 20.91M | 0.94M |
| Non current assets total | 77.39M | 136.20M | 134.37M | 117.35M | 102.30M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | 0.00M | -17.38M | -23.67M | -57.84M | 3.15M |
| Change to liabilities | - | - | - | -0.01M | 0.26M |
| Total cashflows from investing activities | 4.07M | -17.38M | -23.67M | -57.84M | 3.15M |
| Net borrowings | 0.00M | 0.00M | - | - | -20.91M |
| Total cash from financing activities | - | 9.03M | 33.09M | 43.90M | 19.09M |
| Change to operating activities | - | - | - | 0.10M | -0.19M |
| Net income | -52.89M | -32.82M | -14.44M | -70.72M | -2.41M |
| Change in cash | 0.15M | -10.98M | 4.06M | -18.19M | 17.47M |
| Begin period cash flow | 6.67M | 18.18M | 14.12M | 32.32M | 14.85M |
| End period cash flow | 6.82M | 7.20M | 18.18M | 14.12M | 32.32M |
| Total cash from operating activities | -3.91M | -3.41M | -5.38M | -4.89M | -5.65M |
| Issuance of capital stock | 0.00M | 9.70M | 35.41M | 47.05M | 42.52M |
| Depreciation | 0.09M | - | 0.06M | 68.71M | 0.12M |
| Other cashflows from investing activities | 6.42M | 7.94M | 7.11M | 1.22M | 44.94M |
| Change to account receivables | - | - | - | 0.02M | -0.01M |
| Other cashflows from financing activities | - | -0.67M | -2.32M | -3.15M | -2.52M |
| Change to netincome | - | - | - | -2.99M | -3.42M |
| Capital expenditures | 0.00M | 25.31M | 29.90M | 52.64M | 41.79M |
| Change in working capital | 0.01M | -0.03M | 0.04M | - | - |
| Stock based compensation | - | - | 0.88M | - | - |
| Other non cash items | 48.88M | -3.38M | 9.90M | - | - |
| Free cash flow | -3.91M | -28.73M | -35.29M | -52.64M | -41.79M |
Sector: Energy Industry: Oil & Gas E&P
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| EEENF 88 Energy Limited |
0.00 3.85% |
0.01 | - | - | 77.85 | 0.35 | 63.86 | -2.13 |
| COP ConocoPhillips |
2.27 1.67% |
137.86 | 18.08 | 13.59 | 2.63 | 2.51 | 2.84 | 6.47 |
| CNQ Canadian Natural Resources Ltd |
0.65 1.35% |
48.89 | 12.42 | 14.47 | 2.38 | 3.07 | 3.09 | 6.67 |
| EOG EOG Resources Inc |
2.18 1.44% |
153.69 | 9.09 | 8.98 | 3.01 | 2.57 | 2.97 | 5.16 |
| OXY Occidental Petroleum Corporation |
0.34 0.60% |
57.24 | 13.25 | 11.48 | 1.80 | 2.51 | 2.77 | 5.35 |
88 Energy Limited engages in the exploration and production of oil and gas properties in the United States and Namibia. It operates through three segments: Oil and Gas exploration in Alaska, USA.; Oil & Gas production in Texas, USA.; and Oil & Gas exploration, Namibia. 88 Energy Limited was formerly known as Tangiers Petroleum Limited and changed its name to 88 Energy Limited in February 2015. The company was incorporated in 1996 and is based in Subiaco, Australia.
| Name | Title | Year Born |
|---|---|---|
| Mr. Ashley Phillip Gilbert | MD & Director | 1976 |
| Mr. Oliver Mortensen | Chief Financial Officer | NA |
| Mr. Robert Benkovic | Chief Operating Officer | NA |
| Ms. Elizabeth Pattillo | Sr. Geologist & Exploration Mang. | NA |
| Ms. Sarah Jayne Smith C.A., BBus; CA | Company Sec. | NA |
| Mr. Ashley Phillip Gilbert A Fin, B.Comm, CA, CSA(Cert), GAICD | MD & Director | 1977 |
| Mr. Richard Jason | Exploration Manager | NA |
| Ms. Sarah Jayne Smith BBus; CA, C.A. | Company Secretary | NA |
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