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88 Energy Fundamentals

Company Name 88 Energy Last Updated 18 Oct 2019
Industry Oil & Gas Sector Oil & Gas Producers
Shares in Issue (m) 6,871.54 Market Cap (£m) 53.60
PE Ratio -7.80 Div per Share () 0.00
Div Yield 0.00 Div Cover 0.00
EPS -0.10 EPS Growth (%) 50.00
PEG -0.16 DPS Growth (%) n/a
Debt Ratio 19.93 Debt Equity Ratio 0.79
Net Gearing 6.43 Gross Gearing 23.98
Asset Equity Ratio 1.32 Cash Equity Ratio 23.08
Quick Ratio 3.81 Current Ratio 3.81
Price To Book Value 0.57 ROCE -5.10

88 Energy Dividends

Type Ex-Date Pay Date Currency Net Dividend Year Total

88 Energy Company Financials

Assets (£m) 2018 2017 2016
Tangible Assets 0 0 0
Intangible Assets 77 47 38
Investments 23 20 11
Total Fixed Assets 100 67 49
Stocks 0 0 0
Debtors 2 0 0
Cash & Equivalents 22 14 27
Other Assets 0 0 0
Total Assets 124 82 77
Liabilities (£m) 2018 2017 2016
Creditors within 1 year 6 26 6
Creditors after 1 year 23 0 23
Other Liabilities 0 0 0
Total Liabilities 30 26 29
Net assets 94 56 48
Equity (£m) 2018 2017 2016
Called up share capital 179 142 125
Share Premium 0 0 0
Profit / Loss -6 -8 -9
Other Equity 23 16 16
Preference & Minorities 0 0 0
Total Capital Employed 94 56 48
Ratios 2018 2017 2016
Debt Ratio 19.93 0.00 32.18
Debt-to-Equity 0.79 0.00 0.79
Net Gearing 6.43 14.73 2.20
Gross Gearing 23.98 31.91 37.66
Assets / Equity 1.32 1.47 1.60
Cash / Equity 23.08 25.24 56.87
EPS -0.10 -0.20 -0.30
Cash Flow (£m) 2018 2017 2016
Cash from operating activities -7 -4 -4
Cashflow before financing -30 -27 -29
Increase in Cash 7 -11 17
Income (£m) 2018 2017 2016
Turnover 1 0 0
Cost of sales 0 0 0
Gross Profit 0 0 0
Operating Profit -6 -6 -8
Pre-Tax profit -6 -8 -9
Profit / Loss for the year 179 142 125

88 Energy Company Background

Sector Oil & Gas Producers
Activities 88 Energy Limited (formerly Tangiers Petroleum Limited) has a 77.5% working interest and operatorship in ~325,000 acres onshore the prolific North Slope of Alaska (Project Icewine). Gross contiguous acreage position for the Joint Venture is 458,097 acres (88E 286,589 net acres). The North Slope is the host to the 15 billion barrel Prudhoe Bay oilfield complex, the largest conventional oil pool in North America. The Company, with its Joint Venture partner Burgundy Xploration, has identified highly prospective play types that are likely to exist on the Project Icewine acreage - two conventional and one unconventional. The large unconventional resource potential of Project Icewine was independently verified by leading international petroleum resource consultant DeGolyer and MacNaughton. In addition to the interpreted high prospectivity, the project is strategically located on a year-round operational access road and only 35 miles south of Pump Station 1 where Prudhoe Bay feeds into the Trans Alaska Pipeline System.
Latest Interim Date 13 Sep 2019
Latest Fiscal Year End Date 25 Feb 2019

88 Energy Directors

Appointed Director Position
15 May 2014 David James Wall Managing Director
09 Apr 2014 Michael John Evans Non-Executive Chairman
09 Apr 2014 Dr George Henry Stephen Staley Non-Executive Director

88 Energy Contact Details

Company Name 88 Energy
Company Address Level 1, 83 Havelock Street, West Perth WA 6005.
Company Telephone +61 8 9485 0990
Company Website http://www.88energy.com/

88 Energy Advisors

Auditor Name RSM Bird Cameron Partners
Auditor Address 8 St Georges Terrace, Perth WA 6000.
Auditor Website http://www.rsmi.com.au/
Auditor Telephone +61 8 9261 9100
Registrar Name Computershare Investor Service
Registrar Address The Pavillions, Bridgwater Road, Bristol BS99 1XZ.
Registrar Website http://www-uk.computershare.com/
Registrar Telephone 0870 702 0010
Broker Name Cenkos Securities Limited
Broker Address 6.7.8. Tokenhouse Yard, London EC2R 7AS.
Broker Website http://www.cenkos.com/
Broker Telephone +44 (0)20 7397 8900
Adviser Name Cenkos Securities Limited
Adviser Address 6.7.8. Tokenhouse Yard, London EC2R 7AS.
Adviser Website http://www.cenkos.com/
Adviser Telephone +44 (0)20 7397 8900
Solicitor Name Watson, Farley & Williams LLP
Solicitor Address 15 Appold Street, London EC2A 2HB.
Solicitor Website http://www.wfw.com/
Solicitor Telephone +44 (0)20 7814 8000
Stockbroker Name n/a
Stockbroker Address n/a
Stockbroker Website n/a
Stockbroker Telephone n/a