NEXT OIL RUSH

Our 2020 Energy Pick of the Year, Invictus Energy (ASX:IVZ) is now a step closer to finally drilling the largest seismically defined, undrilled oil and gas structure in onshore Africa.

Our 2019 Energy Pick of the Year Elixir Energy (ASX:EXR) is well positioned to benefit from this and is currently in the middle of a drilling program at its Coal Bed Methane (CBM) gas project in Mongolia - right near the Chinese border.

After confirming an oil reservoir in last year’s drilling event, this morning 88E announced that they failed to hit a “production-test worthy” section of the reservoir they had just drilled in Alaska.

IVZ is getting closer to drilling the largest seismically defined, undrilled oil and gas structure in onshore Africa, and at the same time solving an energy crisis for Zimbabwe.

Our 2019 Energy Pick of the Year Elixir Energy (ASX:EXR) is developing two energy projects in Mongolia, near the Chinese border.

With the oil price now trading near five year highs at US$92/barrel, we think it's a pretty good time for 88E to be drilling for a potentially large oil discovery. 88E’s much anticipated Merlin-2 appraisal well is on track to be spudded early next month.

Our 2020 Energy Pick of the Year Invictus Energy (ASX: IVZ) is getting closer to drilling the largest seismically defined, undrilled oil & gas structure in onshore Africa - Zimbabwe. After an almost two year wait, IVZ’s big drilling event is scheduled for June this year - 4 months from now.

Today our 2020 Energy Pick of the Year, Invictus Energy Ltd (ASX:IVZ), signed a non-binding, Farm-in Option Agreement with Cluff Energy Africa in anticipation of its maiden 2-well drilling program targeting an 'elephant scale' prospect in Zimbabwe.

News last week was that 88 Energy's (ASX:88E) drill rig has been contracted - another step in the journey towards the spudding of the Merlin-2 well. 88E’s Merlin-2 well is targeting 652 million barrels with a geological chance of success of 56%.

Today Elixir Energy (ASX:EXR) announced it has signed an MoU with Mongolia’s Ministry of Energy to co-operate over Hydrogen to create a new hydrogen industry in Mongolia.

After the success of the Merlin-1 well earlier this year, where light oil was detected across three horizons, 88E is preparing to drill a follow up well to get a better understanding of just how much oil it could be sitting on.

We have been following 88 Energy (ASX:88E) for many years and are delighted for them and long term holders this week with the company confirming the presence of light oil in the evaluation of their Merlin-1 well drilled earlier this year — finally confirming the elusive news we have been waiting for.

Alaskan oil explorer 88 Energy (ASX: 88E | OTC: EEENF) has cut a deal to buy back its 1.6 billion barrel Project Peregrine, and now holds 100% of it once again.

Elixir Energy (ASX: EXR) is defining a large natural gas resource on the Mongolian-China border, with the goal to replace the burning of coal for energy in China. EXR is emerging from recent share price weakness, below is what we think happened.

Today 88 Energy (ASX: 88E | OTC: EEENF) released an announcement on additional lab results from its most recent drilling campaign. This was definitely 88E’s best ever drilling outcome to date, despite the operational issues that occurred during drilling.

Elixir Energy (ASX:EXR) has just announced it has started drilling a new exploration well today, with results expected in weeks.

Elixir Energy (ASX: EXR) is exploring for natural gas on the Mongolian-China border to replace burning of coal for energy in China... and has just revealed Blue and Green Hydrogen ambitions in this morning's quarterly.

Invictus Energy Ltd’s (ASX:IVZ) is gearing up to drill its massive prospect late this year. As with all exploration stocks we invested early and continue to hold. We are anticipating a gradual share price in the lead up to this drilling event which is still many months away.