88 Energy Limited (EEENF)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
88 Energy Limited (EEENF) trades at $0.01 with AI Score 48/100 (Grade C). 88 Energy Limited is an oil and gas exploration company focused on projects in Alaska's North Slope. Market cap: $19.17M, Sector: Energy.
Price live · AI analysis from Mar 15, 2026Analyst Coverage for EEENF: EEENF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates EEENF against Energy peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
EEENF: the 1 perspectives are evenly split.
How is this calculated? →88 Energy Limited (EEENF) Energy Operations & Outlook
88 Energy Limited is an Australian oil and gas exploration company focused on the North Slope of Alaska, holding significant working interests in projects like Icewine and Peregrine. With a small team, the company seeks to unlock Alaskan energy resources amidst a competitive landscape of larger exploration and production firms.
What Is the Investment Thesis for EEENF?
88 Energy Limited presents a speculative investment opportunity within the oil and gas exploration sector, contingent on successful exploration and development of its Alaskan assets. Key value drivers include positive results from drilling programs at the Icewine, Peregrine, and Umiat projects. Upcoming drilling results from these projects will be critical in determining the company's future prospects. However, the company's small market capitalization ($0.03 billion) and negative P/E ratio (-1.68) highlight the inherent risks associated with investing in early-stage exploration companies. Success hinges on converting prospective resources into proven reserves and securing funding for development.
Based on FMP financials and quantitative analysis
EEENF Key Highlights
- 75% working interest in the Icewine project, a significant asset covering approximately 193,000 acres on the North Slope of Alaska.
- 100% working interest in the Yukon project, adding approximately 38,681 acres to their Alaskan portfolio.
- 50% working interest in the Peregrine project, located in the NPR-A region of the North Slope of Alaska, covering approximately 195,373 acres.
- 100% working interest in the Umiat Oil Field project, adjacent to the Peregrine project, encompassing approximately 17,633 acres.
- The company operates with a small team of 10 employees, indicating a lean operational structure.
Who Are EEENF's Competitors?
EEENF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| CNUCF Canuc Resources Corporation | $0.69 | -5.70% | $20.21M | 39 |
| DLXY Delixy Holdings Limited is an investment holding company that engages in the wholesale trading of crude oil and oil-based products. The company | $0.46 | +5.14% | $7.52M | 41 |
| GXRFF Prospera Energy Inc. | $0.03 | +7.60% | $15.62M | — |
| IGESF Star Energy Group PLC | $0.30 | +0.00% | $38.53M | 39 |
| KEGX Key Energy Services, Inc. | $2.38 | +0.00% | $32.80M | 42 |
| EXE Expand Energy Corporation | $89.09 | -1.80% | $21.31B | 72 |
| ATUUF Tenaz Energy Corp. | $31.44 | -2.60% | $1.03B | 68 |
| VIST Vista Energy, S.A.B. de C.V. | $61.57 | +2.00% | $6.42B | 68 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are EEENF's Key Strengths?
- Significant working interests in Alaskan oil and gas projects.
- Experienced management team with geological expertise.
- Potential for large-scale oil discoveries in a proven hydrocarbon basin.
What Are EEENF's Weaknesses?
- Limited financial resources and small market capitalization.
- Dependence on exploration success and funding availability.
- High-risk exploration activities with uncertain outcomes.
What Could Drive EEENF Stock Higher?
- Results from drilling programs at the Icewine project.
- Results from drilling programs at the Peregrine project.
- Results from drilling programs at the Umiat project.
- Securing funding for exploration and development activities.
- Progress in obtaining necessary permits and regulatory approvals.
What Are the Key Risks for EEENF?
- Negative return on equity (-50.6%) — the business is not currently generating profit on shareholder capital.
- Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.
- Fluctuations in oil and gas prices could impact project economics.
- Unsuccessful exploration results could lead to write-downs of asset values.
- Environmental regulations and permitting challenges could delay or halt projects.
- Dependence on external funding sources to finance operations.
- Limited financial resources and small market capitalization.
What Are the Growth Opportunities for EEENF?
- Icewine Project Development: The Icewine project, with its 75% working interest, represents a significant growth opportunity for 88 Energy. Successful exploration and development of this 193,000-acre area could substantially increase the company's reserves and production. The timeline for development depends on drilling results and securing necessary funding, but positive outcomes could lead to increased production within the next 3-5 years.
- Yukon Project Exploration: Holding a 100% working interest in the Yukon project provides 88 Energy with full control over its exploration and development. This 38,681-acre area offers potential for new discoveries and reserve growth. Further geological studies and drilling programs are needed to fully assess its potential, with initial exploration activities potentially yielding results within the next 2-3 years.
- Peregrine Project Advancement: The 50% working interest in the Peregrine project allows 88 Energy to participate in a large-scale exploration program in the NPR-A region. This 195,373-acre area holds significant potential for large oil discoveries. Success depends on collaboration with partners and the outcome of ongoing exploration activities, with potential for significant resource additions in the next 3-5 years.
- Umiat Oil Field Expansion: With 100% working interest in the Umiat Oil Field project, 88 Energy has the opportunity to expand its operations in a proven oil-producing area. This 17,633-acre area, located near the Peregrine project, could provide near-term production and cash flow. Further development and optimization of existing wells could lead to increased production within the next 1-2 years.
- Strategic Partnerships and Acquisitions: 88 Energy could pursue strategic partnerships or acquisitions to expand its asset base and diversify its risk profile. Collaborating with larger oil companies or acquiring additional acreage in the North Slope could accelerate its growth and increase its production potential. Such opportunities could arise within the next 2-3 years, depending on market conditions and the company's financial position.
What Opportunities Does EEENF Have?
- Advancement of existing projects through drilling and development.
- Potential for strategic partnerships and acquisitions.
- Favorable regulatory environment for oil and gas exploration in Alaska.
What Threats Does EEENF Face?
- Fluctuations in oil and gas prices.
- Environmental regulations and permitting challenges.
- Competition from larger oil and gas companies.
What Are EEENF's Competitive Advantages?
- Strategic land position in the North Slope of Alaska.
- Proprietary geological data and expertise.
- Established relationships with local stakeholders and regulatory agencies.
What Does EEENF Do?
88 Energy Limited, formerly known as Tangiers Petroleum Limited, was incorporated in 1996 and rebranded in February 2015. Headquartered in Subiaco, Australia, the company is dedicated to oil and gas exploration within the United States, specifically targeting the North Slope of Alaska. 88 Energy holds a 75% working interest in the Icewine project, encompassing approximately 193,000 acres. Additionally, it maintains a 100% working interest in the Yukon project, which spans roughly 38,681 acres in the Central North Slope. The company also possesses a 50% working interest in the Peregrine project, covering around 195,373 acres in the NPR-A region of the North Slope. Furthermore, 88 Energy has a 100% working interest in the Umiat Oil Field project, which includes approximately 17,633 acres located south of the Peregrine project. These Alaskan assets represent the core of 88 Energy's exploration and production activities, as it seeks to discover and develop commercially viable oil and gas reserves.
What Products and Services Does EEENF Offer?
- Explores for oil and gas properties in the United States.
- Holds a 75% working interest in the Icewine project in Alaska.
- Maintains a 100% working interest in the Yukon project in Alaska.
- Has a 50% working interest in the Peregrine project in the NPR-A region of Alaska.
- Owns a 100% working interest in the Umiat Oil Field project in Alaska.
- Seeks to discover and develop commercially viable oil and gas reserves.
How Does EEENF Make Money?
- Acquires working interests in oil and gas exploration projects.
- Conducts geological surveys and drilling programs to assess resource potential.
- Seeks to develop discovered resources into producing assets.
- May partner with other companies to share exploration and development costs.
What Industry Does EEENF Operate In?
88 Energy operates within the oil and gas exploration and production industry, a sector characterized by high capital expenditure, technological advancements, and fluctuating commodity prices. The North Slope of Alaska, where 88 Energy's assets are located, is a proven hydrocarbon basin but requires specialized expertise and significant investment to unlock its potential. The competitive landscape includes major oil companies and smaller independent operators. Success in this industry depends on factors such as geological expertise, access to capital, and operational efficiency.
Who Are EEENF's Key Customers?
- Not applicable, as the company is in the exploration phase and does not currently sell oil or gas.
- Potential future customers would include refineries and energy companies.
ROE -51%Key Financial Metrics
Return on equity for 88 Energy Limited stands at -50.6%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -60.1%, showing how much profit it generates from its asset base. Its free cash flow yield is -6.9%, a gauge of the cash the business throws off relative to its market value. A current ratio of 29.11 indicates the company holds enough short-term assets to cover its near-term obligations.
88 Energy Limited (EEENF) Valuation Context
Valued at $19.17M, EEENF is classified as a micro-cap stock. Relative to its peer group, EEENF's quantitative score of 48/100 is roughly in line with the peer average of 40/100.
Company Profile
88 Energy Limited operates in the Oil & Gas Exploration & Production industry within the Energy sector. It is headquartered in Subiaco, AU. The company is led by CEO Ashley Phillip Gilbert A. EEENF has traded publicly since 2020.
F-Score 3/9Financial Health
88 Energy Limited's Piotroski F-Score is 3/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of 37.66 places it in the safe zone, indicating low near-term bankruptcy risk.
FY2026 estForward Outlook
Wall Street analysts project 88 Energy Limited revenue of about $0 for fiscal 2026, with EPS near $-0.00.
EEENF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Significant working interests in Alaskan oil and gas projects.
- Experienced management team with geological expertise.
- Potential for large-scale oil discoveries in a proven hydrocarbon basin.
- Upcoming: Results from drilling programs at the Icewine project.
Bear Case
- Limited financial resources and small market capitalization.
- Dependence on exploration success and funding availability.
- High-risk exploration activities with uncertain outcomes.
- Potential: Fluctuations in oil and gas prices could impact project economics.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
EEENF Latest News
No recent news available for EEENF.
EEENF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for EEENF.
Price Targets
Wall Street price target analysis for EEENF.
EEENF MoonshotScore
What does this score mean?
The MoonshotScore rates EEENF's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Ashley Phillip Gilbert A
Managing Director
Ashley Phillip Gilbert A serves as the Managing Director of 88 Energy Limited. His background includes extensive experience in the oil and gas industry, with a focus on exploration and project management. He has held various leadership positions within the sector, contributing to his expertise in identifying and developing oil and gas resources. His academic credentials and professional experience align with the strategic goals of 88 Energy.
Track Record: Under Ashley Phillip Gilbert A's leadership, 88 Energy has focused on advancing its Alaskan projects, including Icewine and Peregrine. Key milestones include securing working interests in strategic acreage and conducting exploration programs to assess resource potential. His tenure has been marked by efforts to attract investment and build partnerships to support the company's growth initiatives.
EEENF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that 88 Energy Limited may not meet the minimum financial standards or reporting requirements of higher tiers like OTCQX or OTCQB. Companies on the OTC Other tier may have limited financial disclosure, and trading activity can be sporadic. Unlike companies listed on the NYSE or NASDAQ, OTC Other companies are not subject to the same stringent listing requirements, leading to potentially higher risks for investors.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure and potential for information asymmetry.
- Lower liquidity and wider bid-ask spreads compared to exchange-listed stocks.
- Higher potential for price manipulation and fraud.
- Greater volatility due to limited trading activity.
- Risk of delisting or suspension from the OTC market.
- Verify the company's financial statements and SEC filings (if any).
- Research the management team and their track record.
- Assess the company's business model and competitive landscape.
- Evaluate the company's legal and regulatory compliance.
- Understand the risks associated with investing in OTC stocks.
- Consult with a financial advisor before investing.
- Check for any news or press releases about the company.
- The company has been in operation since 1996.
- The company holds significant working interests in Alaskan oil and gas projects.
- The company has a management team with experience in the oil and gas industry.
What Investors Ask About 88 Energy Limited (EEENF) — Energy
What does 88 Energy Limited do?
88 Energy Limited is an oil and gas exploration company focused on projects located on the North Slope of Alaska. The company acquires working interests in prospective acreage and conducts exploration activities, including geological surveys and drilling programs, to assess the potential for commercially viable oil and gas reserves. Their primary objective is to discover and develop these resources, potentially partnering with other companies to share costs and expertise. Success depends on positive drilling results and securing funding for development.
What do analysts say about EEENF stock?
As of 2026-03-15, analyst coverage of EEENF is limited due to its OTC listing and small market capitalization. Key valuation metrics, such as price-to-earnings and price-to-book ratios, may not be readily available or reliable. Growth considerations center on the success of its Alaskan exploration projects, particularly the Icewine and Peregrine projects. Investors should conduct their own due diligence and consider the inherent risks associated with investing in early-stage exploration companies.
What are the main risks for EEENF?
The main risks for 88 Energy Limited include the volatility of oil and gas prices, which can significantly impact the economic viability of its projects. Exploration risk is also a major factor, as there is no guarantee that drilling programs will result in commercially viable discoveries. The company's limited financial resources and dependence on external funding sources pose additional risks. Regulatory and environmental challenges in Alaska could also delay or halt projects. Investors should carefully consider these risks before investing in EEENF.
What are the key factors to evaluate for EEENF?
88 Energy Limited (EEENF) holds an AI score of 48/100 (low). Not financial advice.
How frequently does EEENF data refresh on this page?
EEENF prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven EEENF's recent stock price performance?
88 Energy Limited (EEENF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Significant working interests in Alaskan oil and gas projects. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider EEENF overvalued or undervalued right now?
Valuing 88 Energy Limited (EEENF) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying EEENF?
Before investing in 88 Energy Limited (EEENF), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on publicly available sources and may be subject to change.
- OTC market data may be less reliable than exchange-listed data.