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88 Energy Fundamentals

Company Name 88 Energy Last Updated 03 Aug 2020
Industry Oil & Gas Sector Oil & Gas Producers
Shares in Issue (m) 8,762.51 Market Cap (£m) 23.66
PE Ratio -0.54 Div per Share () 0.00
Div Yield 0.00 Div Cover 0.00
EPS -0.50 EPS Growth (%) -400.00
PEG 0.00 DPS Growth (%) n/a
Debt Ratio 25.98 Debt Equity Ratio 0.78
Net Gearing 13.98 Gross Gearing 30.97
Asset Equity Ratio 1.45 Cash Equity Ratio 24.62
Quick Ratio 2.70 Current Ratio 2.70
Price To Book Value 0.37 ROCE -42.15

88 Energy Dividends

Type Ex-Date Pay Date Currency Net Dividend Year Total

88 Energy Company Financials

Assets (£m) 2019 2018 2017
Tangible Assets 0 0 0
Intangible Assets 53 77 47
Investments 24 23 20
Total Fixed Assets 77 100 67
Stocks 0 0 0
Debtors 1 2 0
Cash & Equivalents 16 22 14
Other Assets 0 0 0
Total Assets 94 124 82
Liabilities (£m) 2019 2018 2017
Creditors within 1 year 6 6 26
Creditors after 1 year 23 23 0
Other Liabilities 0 0 0
Total Liabilities 29 30 26
Net assets 65 94 56
Equity (£m) 2019 2018 2017
Called up share capital 186 179 142
Share Premium 0 0 0
Profit / Loss -37 -6 -8
Other Equity 24 23 16
Preference & Minorities 0 0 0
Total Capital Employed 65 94 56
Ratios 2019 2018 2017
Debt Ratio 25.98 19.93 0.00
Debt-to-Equity 0.78 0.79 0.00
Net Gearing 13.98 6.43 14.73
Gross Gearing 30.97 23.98 31.91
Assets / Equity 1.45 1.32 1.47
Cash / Equity 24.62 23.08 25.24
EPS -0.50 -0.10 -0.20
Cash Flow (£m) 2019 2018 2017
Cash from operating activities -6 -7 -4
Cashflow before financing -12 -30 -27
Increase in Cash -6 7 -11
Income (£m) 2019 2018 2017
Turnover 0 1 0
Cost of sales 0 0 0
Gross Profit 0 0 0
Operating Profit -34 -6 -6
Pre-Tax profit -37 -6 -8
Profit / Loss for the year 186 179 142

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 26 Feb 2020

88 Energy Directors

Appointed Director Position
2014-05-15 David James Wall Managing Director
2014-04-09 Michael John Evans Non-Executive Chairman
2014-04-09 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