![]() According to 88E recent release the Company’s total prospects for 3 of their wells the Merlin, Herrier & Herrier Deep target 1.638 billion barrels of oil. This has de-risked the prospects considerably and resulted in a relatively high estimated geological chance of success. Both the Merlin and the Herrier prospects are located on trend to an exisiting discovery in the same play type (Nanushuk topsets). Herrier-1 is targeting gross mean prospective resource of 417 million barrels. A second well, Harrier-1 may commence immediately following completion of operations at Merlin-1. The Merlin-1 well is targeting 645 million barrels of gross mean prospective resource. the well will be deepened through the target horizons in the Nanushuk Formation to a maximum total depth of 6,000 feet. The Merlin-1 well will initially be drilled to 1,500 feet, then surface casing will be installed, and the Blow Out Preventer System tested. Several days ago, EEENF stated that Rig 111 commenced drilling the Merlin-1 well on March 10. EEENF speculators, and there are a lot of them and growing larger by the day are looking for a return to previous highs and a powerhouse break over the $0.03 mark entering a serious “ MDMP type” blue-sky breakout! And TSNP has no stronger fundamentals than 88 Energy has. ![]() ![]() These are different times than just a few short years ago now penny stocks such as TSNP can achieve a $6 billion plus market valuation and trade $375 million in dollar volume in a day on the bulletin boards. EEENF has quickly attracted legions of new shareholders who are heavily accumulating at current price levels this is a new era of penny stock speculators fueled by robinhood and its 100 million new trading accounts take on the bulletin boards. Timing could not be better for a potential mammoth oil strike with the Crude Oil WTI Index hitting a high of US$67.98 per barrel just last week, a level it hasn’t traded at since 2018. 88 Energy operates 200,000 net acres at Project Icewine and 195,000 net acres at Project Peregrine, both targeting oil on the world class North Slope of Alaska estimated by the USGS in 2005 to hold more than 50 billion bbl of oil and natural-gas liquids and 227 trillion cubic feet of gas. Trading has been heavy in recent days easily topping $5 million in daily trading volume and much more on some days. EEENF (88 Energy) has seen a massive surge of volume in recent days and is beginning to move northbound as the stock quickly gets noticed by investors who have been heavily accumulating in recent days.
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