88 Energy Ltd

  • IPO date:
  • Sector: Energy
  • GIC Group: Energy
  • Industry: Oil & Gas E&P
  • Company website

Company description

88 Energy Limited engages in the oil and gas exploration and production in the United States. The company's projects includes 75% working interest in the Phoenix project, which covers an area of approximately 62,324 net acres; 75% working interest in the Icewine West project covering an area of approximately 121,996 net acres; 100% working interest in Peregrine project, which covers an area of approximately 125,741 net acres; 100% working interest in the Leonis project covering an area of approximately 25,600 net acres; 100% working interest in the Umiat unit, which covers an area of approximately 17,633 net acres; and 100% working interest in the Yukon leases covering an area of approximately 15,235 net acres located in onshore, North Slope of Alaska, the United States. It also holds 73% working interest in the Longhorn project, which covers an area of approximately 964 net acres located in onshore, Permian Basin, Texas. The company was formerly known as Tangiers Petroleum Limited and changed its name to 88 Energy Limited in February 2015. 88 Energy Limited was incorporated in 1996 and is based in Subiaco, Australia.

Financial highlights

Market Capitalization$132.7119 million
P/E Ratio0
P/E Growth Ratio
Book Value0.007
Dividend Per Share0
Earnings Per Share0
EBITDA52,377.832
Profit Margin0
Operating Margin TTM-6533.601
Return on Assets TTM-0.0768
Return on Equity TTM-0.117
Revenue TTM2.5

Income statement highlights

All numbers are in thousands

Date Total Revenue Cost of Revenue Gross Profit Total Operating Expenses
2000-12-31 1,394
2001-12-31 1,717 4,596
2002-12-31 1,062 1,611
2003-12-31 50
2005-12-31 38
2006-12-31 81
2007-12-31 139 411
2008-12-31 182 1,056
2009-12-31 71 372
2010-12-31 96.22619999999999 27 1,622.0988
2011-12-31 93.9858 2,314.7792999999997
2012-12-31 47 35.767 -35.767 4,670.956
2013-12-31 506 24.933 -24.933 4,965.347
2014-12-31 175.85 25.654 -25.654 7,183.516
2015-12-31 14.5 15.038 -15.038 5,301.644
2016-12-31 54.25 8.232 -8.232 3,832.657
2017-12-31 6.4 3.952 -3.952 4,732.7
2018-12-31 16.97 50.609 -1,862.04 2,124.811
2019-12-31 58.11 58.11 -1,963.14 3,292.852
2020-12-31 5.24 93.387 -93.387 3,424.507
2021-12-31 1.42 84.449 -84.449 5,832.562
2022-12-31 19.26 60.307 -60.307 5,824.129

Balance sheet highlights

All numbers are in thousands

Date Cash Total Assets Total Liabilities Short Term Debt Long Term Debt Common Stock
2000-12-31 29 8,523 4,007 18,031
2001-12-31 290 8,057 3,648 25,842
2002-12-31 3 466 3,850 26,839
2003-12-31 4,059 26,839
2004-12-31 4,265 26,839
2005-12-31 1,662 1,707 44 28,987
2006-12-31 953 2,263 25 29,868
2007-12-31 3,579 3,648 74 31,834
2008-12-31 2,493 2,556 82 32,698
2009-12-31 1,656 1,694 85 32,698
2010-12-31 2,150.5792 3,787.952 213.836 35,637.2968
2011-12-31 1,452.2322 6,057.5364 1,112.6706000000001 37,562.4861
2012-12-31 4,174.91 16,631.874 445.423 49,196.225
2013-12-31 6,089.313 17,569.124 915.761 55,889.563
2014-12-31 805.21 1,742.505 393.933 67,985.3
2015-12-31 7,650.446 36,477.108 14,989.055 10,930.281 10,930.281 90,654.56
2016-12-31 27,246.185 77,007.754 28,997.341 22,779.313 22,779.31 125,157.965
2017-12-31 14,014.422 81,559.863 26,028.563 21,164.883 0 141,711.466
2018-12-31 17,022.211 123,795.968 29,681.773 0 23,424.47 179,304.85
2019-12-31 15,903.117 93,580.098 28,981.588 0 22,672.58 185,619.885
2020-12-31 14,845.347 85,359.552 26,448.199 0 20,782.366 208,963.513
2021-12-31 32,317.887 145,782.754 5,942.62 0 0 285,809.214
2022-12-31 14,123.731 133,025.884 1,349.868 0 0 340,972.669

Cash flow highlights

All numbers are in thousands

Date Net Income Total Cash Change in Cash Begin period cash End period cash Dividends
2000-12-31
2001-12-31
2002-12-31
2003-12-31
2005-12-31 3,781
2006-12-31
2007-12-31
2008-12-31
2009-12-31 1,657.229
2010-12-31 -1,732.0716 -1,231.0844 493.35020000000003 1,657.229 2,150.5792
2011-12-31 -2,563.3869 -3,413.8068 -697.314 2,149.5462 1,452.2322
2012-12-31 -4,771.796 2,722.691 1,452.219 4,174.91
2013-12-31 -6,891.58 -3,617.097 1,914.403 4,174.91 6,089.313
2014-12-31 -27,713.105 -6,210.8 -5,284.103 6,089.313 805.21
2015-12-31 -6,304.712 -4,657.03 8,799.039 805.21 9,604.249
2016-12-31 -9,401.264 -3,497.608 17,698.929 9,604.249 27,303.178
2017-12-31 -8,408.915 -4,429.43 -13,288.756 27,303.178 14,014.422
2018-12-31 -5,993.593 -6,584.584 7,707.789 14,014.422 21,722.211
2019-12-31 -36,780.457 -5,838.375 -5,819.094 21,722.211 15,903.117
2020-12-31 -22,033.633 -5,116.907 -1,057.77 15,903.117 14,845.347
2021-12-31 2,292.336 -5,645.722 17,472.54 14,845.347 32,317.887
2022-12-31 -135,550.817 -135,550.817 -18,194.156 32,317.887 14,123.731