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88 Energy

OTCPK:TNGR.Y
Snowflake Description

Mediocre balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TNGR.Y
OTCPK
A$95M
Market Cap
  1. Home
  2. US
  3. Energy
Company description

88 Energy Limited engages in the exploration of oil and gas properties. The last earnings update was 91 days ago. More info.


Add to Portfolio Compare Print
  • 88 Energy has significant price volatility in the past 3 months.
TNGR.Y Share Price and Events
7 Day Returns
0%
OTCPK:TNGR.Y
-3.6%
US Oil and Gas
-1.4%
US Market
1 Year Returns
-98%
OTCPK:TNGR.Y
-16.1%
US Oil and Gas
1.6%
US Market
TNGR.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
88 Energy (TNGR.Y) 0% 0% -95.7% -98% - -
US Oil and Gas -3.6% -8.4% -5.9% -16.1% -5.8% -35.9%
US Market -1.4% -3.9% 0.1% 1.6% 33.2% 38.2%
1 Year Return vs Industry and Market
  • TNGR.Y underperformed the Oil and Gas industry which returned -16.1% over the past year.
  • TNGR.Y underperformed the Market in United States of America which returned 1.6% over the past year.
Price Volatility
TNGR.Y
Industry
5yr Volatility vs Market

Value

 Is 88 Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for 88 Energy. This is due to cash flow or dividend data being unavailable. The share price is $0.015.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for 88 Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are 88 Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:TNGR.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.00
ASX:88E Share Price ** ASX (2019-04-08) in AUD A$0.02
United States of America Oil and Gas Industry PE Ratio Median Figure of 101 Publicly-Listed Oil and Gas Companies 12.78x
United States of America Market PE Ratio Median Figure of 3,086 Publicly-Listed Companies 17.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of 88 Energy.

OTCPK:TNGR.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:88E Share Price ÷ EPS (both in AUD)

= 0.02 ÷ 0.00

-15.5x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 88 Energy is loss making, we can't compare its value to the US Oil and Gas industry average.
  • 88 Energy is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does 88 Energy's expected growth come at a high price?
Raw Data
OTCPK:TNGR.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -15.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
9.7%per year
United States of America Oil and Gas Industry PEG Ratio Median Figure of 76 Publicly-Listed Oil and Gas Companies 0.47x
United States of America Market PEG Ratio Median Figure of 2,121 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for 88 Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on 88 Energy's assets?
Raw Data
OTCPK:TNGR.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.01
ASX:88E Share Price * ASX (2019-04-08) in AUD A$0.02
United States of America Oil and Gas Industry PB Ratio Median Figure of 195 Publicly-Listed Oil and Gas Companies 1.12x
United States of America Market PB Ratio Median Figure of 5,208 Publicly-Listed Companies 1.8x
OTCPK:TNGR.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:88E Share Price ÷ Book Value per Share (both in AUD)

= 0.02 ÷ 0.01

1.01x

* Primary Listing of 88 Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 88 Energy is good value based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess 88 Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. 88 Energy has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is 88 Energy expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is 88 Energy expected to grow at an attractive rate?
  • Unable to compare 88 Energy's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare 88 Energy's earnings growth to the United States of America market average as it is expected to be loss making during the next 1-3 years.
  • 88 Energy's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:TNGR.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:TNGR.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 9.7%
OTCPK:TNGR.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -93.9%
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 12.1%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:TNGR.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:TNGR.Y Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 0 -6 -6 1
2020-12-31 0 -6 -6 1
2019-12-31 0 -6 -14 1
OTCPK:TNGR.Y Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 -7 -6
2018-09-30 0 -6 -6
2018-06-30 0 -6 -6
2018-03-31 0 -5 -7
2017-12-31 -4 -8
2017-09-30 0 -4 -8
2017-06-30 0 -3 -7
2017-03-31 0 -3 -8
2016-12-31 -3 -9
2016-09-30 0 -5 -10
2016-06-30 0 -6 -11
2016-03-31 0 -5 -9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • 88 Energy is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • 88 Energy's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:TNGR.Y Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from 88 Energy Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:TNGR.Y Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
OTCPK:TNGR.Y Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 0.00
2016-06-30 0.00
2016-03-31 0.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if 88 Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess 88 Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
88 Energy has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has 88 Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare 88 Energy's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 88 Energy does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare 88 Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare 88 Energy's 1-year growth to the US Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
88 Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from 88 Energy Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:TNGR.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 -5.99 3.47
2018-09-30 0.25 -5.81 3.25
2018-06-30 0.49 -5.64 3.03
2018-03-31 0.25 -7.02 3.91
2017-12-31 -8.41 4.78
2017-09-30 0.00 -7.93 5.04
2017-06-30 0.00 -7.45 5.30
2017-03-31 0.00 -8.42 4.57
2016-12-31 -9.40 3.84
2016-09-30 0.02 -10.29 4.10
2016-06-30 0.04 -11.18 4.35
2016-03-31 0.02 -8.74 4.83
2015-12-31 -6.30 5.30
2015-09-30 -0.04 -16.07 5.69
2015-06-30 -0.08 -25.83 6.09
2015-03-31 -0.04 -26.77 6.63
2014-12-31 -27.71 7.18
2014-09-30 0.31 -18.70 7.03
2014-06-30 0.61 -9.68 6.88
2014-03-31 0.56 -8.29 5.92
2013-12-31 0.51 -6.89 4.97
2013-09-30 0.18 -6.06 5.12
2013-06-30 -0.04 -5.22 5.27
2013-03-31 0.00 -5.00 5.01
2012-12-31 -4.77 4.75
2012-09-30 0.09 -5.58 5.74
2012-06-30 0.14 -6.38 6.73

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if 88 Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if 88 Energy has efficiently used its assets last year compared to the US Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if 88 Energy improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess 88 Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
88 Energy has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is 88 Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up 88 Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 88 Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • 88 Energy's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of 88 Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from 88 Energy Company Filings, last reported 4 months ago.

OTCPK:TNGR.Y Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 94.11 23.42 21.72
2018-09-30 94.11 23.42 21.72
2018-06-30 79.62 22.31 15.09
2018-03-31 79.62 22.31 15.09
2017-12-31 55.53 21.16 14.01
2017-09-30 55.53 21.16 14.01
2017-06-30 58.72 22.85 31.55
2017-03-31 58.72 22.85 31.55
2016-12-31 48.01 22.78 27.30
2016-09-30 48.01 22.78 27.30
2016-06-30 38.86 21.28 20.05
2016-03-31 38.86 21.28 20.05
2015-12-31 21.49 10.93 9.60
2015-09-30 21.49 10.93 9.60
2015-06-30 5.73 0.00 1.26
2015-03-31 5.73 0.00 1.26
2014-12-31 1.35 0.00 0.81
2014-09-30 1.35 0.00 0.81
2014-06-30 22.20 0.00 14.63
2014-03-31 22.20 0.00 14.63
2013-12-31 16.65 0.00 6.09
2013-09-30 16.65 0.00 6.09
2013-06-30 14.50 0.00 1.74
2013-03-31 14.50 0.00 1.74
2012-12-31 16.19 0.00 4.17
2012-09-30 16.19 0.00 4.17
2012-06-30 9.38 0.00 0.64
  • 88 Energy's level of debt (24.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 24.9% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • 88 Energy has less than a year of cash runway based on current free cash flow.
  • 88 Energy has less than a year of cash runway if free cash flow continues to grow at historical rates of 9.7% each year.
X
Financial health checks
We assess 88 Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. 88 Energy has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is 88 Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from 88 Energy dividends.
If you bought $2,000 of 88 Energy shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate 88 Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate 88 Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:TNGR.Y Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 66 Stocks 3.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2007 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:TNGR.Y Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as 88 Energy has not reported any payouts.
  • Unable to verify if 88 Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of 88 Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as 88 Energy has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess 88 Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can 88 Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. 88 Energy has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of 88 Energy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dave Wall
COMPENSATION A$549,724
TENURE AS CEO 5.1 years
CEO Bio

Mr. David James Wall, also known as Dave, has been a Managing Director of 88 Energy Limited (formerly Tangiers Petroleum Limited) since April 15, 2014. Prior to this, from October 2012 to April 2014, Mr. Wall served as the Director of Energy Research at Argonaut Securities Pty Limited, Research Division. He headed the energy research team at the firm. Before that, he was a Senior Equity Analyst at Hartleys Research, catering to the energy sector. Mr. Wall also spent a number of years at Woodside as their Lead Analyst in their budgeting and strategic planning division. He has specialist knowledge of Africa focused junior explorers and understanding of the capital markets. Mr. Wall publishes institutionally rated research on a range of companies. Mr. Wall is rated as the number one oil and gas analyst in greater than 50% of the stocks he covers by Bloomberg. He has been a Director of 88 Energy Limited since April 14, 2014. He holds a Bachelor of Commerce from the University of Western Australia, majority in Management and Finance.

CEO Compensation
  • Dave's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Dave's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the 88 Energy management team in years:

4.7
Average Tenure
  • The tenure for the 88 Energy management team is about average.
Management Team

Dave Wall

TITLE
MD & Director
COMPENSATION
A$550K
TENURE
5.1 yrs

Ashley Gilbert

TITLE
Chief Financial Officer
COMPENSATION
A$365K
TENURE
2.3 yrs

Elizabeth Pattillo

TITLE
Senior Geologist & Exploration Manager

Sarah Smith

TITLE
Company Secretary
TENURE
4.7 yrs
Board of Directors Tenure

Average tenure of the 88 Energy board of directors in years:

5.1
Average Tenure
  • The tenure for the 88 Energy board of directors is about average.
Board of Directors

Michael Evans

TITLE
Non-Executive Chairman
COMPENSATION
A$153K
AGE
67
TENURE
5.1 yrs

Dave Wall

TITLE
MD & Director
COMPENSATION
A$550K
TENURE
5.1 yrs

Steve Staley

TITLE
Non-Executive Director
COMPENSATION
A$65K
AGE
58
TENURE
5.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess 88 Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 88 Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

88 Energy Limited engages in the exploration of oil and gas properties. The company holds a 66% working interest in the Icewine project, which covers an area of approximately 528,000 acres located onshore on the North Slope of Alaska, the United States. It also has a 100% working interest in the Yukon Gold leases that covers an area of 14,194 acres located on the eastern border of the Central North Slope of Alaska. The company was formerly known as Tangiers Petroleum Limited and changed its name to 88 Energy Limited in February 2015. 88 Energy Limited is based in West Perth, Australia.

Details
Name: 88 Energy Limited
TNGR.Y
Exchange: OTCPK
Founded:
A$65,684,421
6,331,540,324
Website: http://www.88energy.com
Address: 88 Energy Limited
5 Ord Street,
Level 2,
West Perth,
Western Australia, 6005,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX 88E Ordinary Shares Australian Securities Exchange AU AUD 20. Jan 2000
DB POQ Ordinary Shares Deutsche Boerse AG DE EUR 20. Jan 2000
AIM 88E Ordinary Shares London Stock Exchange AIM Market GB GBP 20. Jan 2000
CHIA 88E Ordinary Shares Chi-X Australia AU AUD 20. Jan 2000
OTCPK TNGR.Y SPONSORED ADR Pink Sheets LLC US USD 06. Jan 2012
Number of employees
Current staff
Staff numbers
0
88 Energy employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/27 00:28
End of day share price update: 2019/04/08 00:00
Last estimates confirmation: 2019/03/21
Last earnings filing: 2019/02/25
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.