88 Energy (EEENF) Stock May Attempt To recover in May

The 88 Energy Ltd’s (OTC:EEENF) stock is now in consolidation mode after having gone through considerable volatility in recent weeks. Last week the company managed to recover strongly from its slump and rallied by 50% after an operational update.

88 Energy (EEENF) Stock May Attempt To recover in May

Earlier in April, the 88 Energy stock has tanked sharply after it announced that it suffered from a power outage due to an equipment failure at two of its highest prospect zones.

However, last Tuesday, the company announced positive results from the drilling activities that it had undertaken in Alaska. This particular update had resulted in considerable enthusiasm among investors and led to a strong rally in the stock.

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More importantly, the company also announced that the cutting of sidewall cores has also started at one of the high prospect areas. Considering the recovery made by the stock, it might be a good idea for investors to start taking a greater interest in the EEENF stock.

Uson Abdilazhanov

Editor and Computer Expert A hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.