What are 88 Energy Limited's (ASX) future prospects?

With the business potentially at an important milestone, we thought we'd take a closer look at 88 Energy Limited's ( ASX:88E) future prospects. 88 Energy Limited engages in the exploration of oil and gas properties in the United States.

Is the 88 energy (88E) share price set to climb?

The 88 Energy ( LSE: 88E) share price has fallen 67% over the past 12 months. That was mostly as a result of a disappointing well test in March, which saw the stock plummet 65% in a single day.

What is 88 Energy Limited?

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. 88E released this announcement to the ASX on 10 February 2022, 9:22.