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88 Energy Limited (ASX: 88E) - Financials

Current share price for 88E : $0.005 0.001 (25%)

88 Energy Limited (88E, formerly Tangiers Petroleum Limited) is an oil and gas exploration company which has exploration permits located in Alaska, North America. The major focus of the company is on Icewine project in Alaska. The company is the Operator across all of its portfolio of world class exploration and appraisal assets. 88 Energy's drilling programs maintain adherence to the strict environmental regulations that exist in the State of Alaska.

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88E Per Share

Year to Jun Sales Cashflow Earnings Dividends Franking Book Value Average
Annual P/E		 Relative P/E Shareholder Return
2023 0 ¢ -0.1 ¢ 0 ¢ 0% $0.01 0 0% -55.6%
2022 0 ¢ -0.4 ¢ 0 ¢ 0% $0.01 0 0% -47.1%
2021 0 ¢ 0 ¢ 0 ¢ 0% $0.01 0 0% 240%

88E Capital Structure

Total Debt Interest Long Term Debt Percent Debt Preferred Stock Share Equity Percent Equity
$0.00 $8.54 $0.00 0% $0.00 $155,685 100%
Note: All dollars in thousands ('000) for the table above

88E Historical Financials

2023 2022 2021
Revenue ($M)
Operating Margin (%)
Depreciation ($M) -0.1 -0.1 -0.1
Amortisation ($M)
Net Profit Before Abs ($M) -14.4 -70.7 -2.4
Net Profit After Abs ($M) -14.4 -70.7 -2.4
Income Tax Rate (%)
Net Profit Margin (%)
Employees ($T)
Long Term Debt ($M)
Shareholders Equity ($M) 155.7 131.7 139.8
Return on Capital (%) -9 -54 -1
Return on Equity (%) -9.3 -53.7 -1.7
Payout Ratio (%)

88E Cashflow

2023 2022 2021
Customer Receipts ($M)
Net Operating Cashflow ($M) -5.38 -4.89 -5.65
Net Investing Cashflow ($M) -24 -58 3
Net Financing Cashflow ($M) 33 44 19

88E Market & Earnings

2023 2022 2021
Market Cap ($M) 123 201 370
Net Gearing (%) -11.7 -10.7 -23.1
Net Interest Cover (%) 30.33 6,624.76 -1.02
Dividend Yield (%)
NTA Per Share ($) 0.01 0.01 0.01
EBITDA ($M) -14.87 -70.67 -1.13
EBIT ($M) -14.93 -70.73 -1.22
EBT Before Abs ($M) -14.44 -70.72 -2.41

88E Balance Sheet

2023 2022 2021
Cash ($M) 18.2 14.1 32.3
Debtors ($M)
Other Debtors ($M) 3.97 1.55 0.94
Prepayments ($M) 10.22
Inventories ($M)
Current Investments ($M)
Other Current Assets ($M)
Total Current Assets ($M) 22.2 15.7 43.5
Receivables ($M)
Inventories ($M)
Property, Plant & Equipment ($M) 0.24 0.23 0.21
Accumulated Depreciation ($M) -0.22 -0.21 -0.2
Intangibles ex. Goodwill ($M)
Goodwill ($M)
Future Income Tax Benefit ($M)
Non-Current Investments ($M) 23.25 20.91 0.41
Other Non-Current Assets ($M) 111.1 96.4 101.9
Total Non-Current Assets ($M) 134.4 117.4 102.3
Total Assets ($M) 156.5 133 145.8
Accounts Payable ($M) 0.56 1.11 5.8
Provisions ($M) 0.28 0.24 0.15
Short Term Debt ($M)
Other Current Liabilities ($M)
Total Current Liabilities ($M) 0.84 1.35 5.94
Creditors ($M)
Long Term Debt ($M)
Provisions ($M)
Other Non-Current Liabilities ($M)
Total Non-Current Liabilities ($M)
Total Liabilities ($M) 0.84 1.35 5.94
Share Capital ($M) 379.9 341 285.8
Reserves ex. Share Premium ($M) 30 30.5 23.1
Share Premium Reserve ($M)
Retained Profits ($M) -254.2 -239.8 -169
Other Shareholders Equity ($M)
Convertible Equity ($M)
Outside Equity Interest ($M)
Total Shareholders Equity ($M) 155.7 131.7 139.8

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