88 Energy Limited

Company report, featuring a PESTLE, Porters Five Forces, 5C, MOST, CATWOE and SWOT analysis

HomeSWOT AnalysisEnergy88 Energy Limited

Introduction

This in-depth analysis of 88 Energy Limited is part of our comprehensive overview of the world’s 10,000 biggest companies. We create and update it on an accelerated timeline to provide you with the most up-to-date information available.

Only Premium members have full access to this study on 88 Energy Limited, including the SWOT analysis, PESTLE, 5C analysis, CATWOE, Porters Five Forces, MOST analysis and a myriad of additional high value sections.

We identify potential new products and services, forecast future market trends, and evaluate potential synergies between 88 Energy Limited and other organisations apart from the analysis-driven sections. Prognostication of these synergies is included.

Company Description

88 Energy Limited is a publicly listed oil and gas exploration company headquartered in Perth, Australia. Founded in 2005, the company has a primary focus on developing its oil assets in Alaska's North Slope region. 88 Energy's main products and services include oil and gas exploration, development and production. The company serves the oil and gas industry in the North Slope of Alaska and the broader global markets.

Industry Overview

88 Energy Limited operates in the oil and gas exploration industry. The global market size for oil and gas exploration is estimated to be around $US5.2 trillion, and the industry employs millions of people in countries across the world. These countries include the US, Russia, China, Canada, the United Kingdom, and many others. The employees in the industry are mainly based in countries where the oil and gas exploration activity is the highest.

Industry Classification

In terms of formal classification, Platform Executive has tagged 88 Energy Limited as a business operating within the Energy industry.

1. Introduction
2. Company Description
3. Industry Overview
    3.1 Industry Classification
4. Intellectual Property
5. Major Products and Services
6. Key Competitors
7. Stakeholders
8. Value Proposition
9. Customers and Cohorts
10. Competitive Advantages
11. Market Trends
12. Key Performance Indicators
13. Financials (BETA)
    13.1 Highlights
    13.2. Board members
    13.3 Share Performance
    13.4 Income Statement
14. PESTLE Analysis
15. Potential Products/Services
16. Potential Synergies
17. Porter's Five Forces
18. CATWOE Analysis
19. SWOT Analysis
    19.1 Strengths
    19.2 Weaknesses
    19.3 Opportunities
    19.4 Threats
20. 5C Analysis
21. MOST Analysis
22. Innovation Scorecard
23. Appendices

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Intellectual Property

Some of the Patents granted to, or relevant to the organisation include the following:

Patent Title: METHOD OF PRODUCING A FLOWABLE FRACTURED ROCK MASS
Patent ID: US10677893B2
Date: Jul 7, 2020.

Patent Title: METHOD OF PRODUCING A FLOWABLE FRACTURED ROCK MASS
Patent ID: US10677892B2
Date: Jul 7, 2020.

Patent Title: WELLBORE ANCHORING SYSTEM FOR STIMULATION OF A SUBSURFACE FORMATION
Patent ID: US10677891B2
Date: Jul 7, 2020.

Patent Title: PROCESS FOR IN SITU BIOREMEDIATION OF SUBSURFACE FORMATION
Patent ID: US10677890B2
Date: Jul 7, 2020.

Patent Title: METHOD OF RECOVERING HYDROCARBONS FROM A SUBSURFACE FORMATION
Patent ID: US10677889B2
Date: Jul 7, 2020.

Patent Title: METHOD OF FRACTURING A SUBSURFACE FORMATION
Patent ID: US10677888B2
Date: Jul 7, 2020.

Patent Title: METHOD OF CONTROLLING SUBSURFACE FLUID FLOW
Patent ID: US10677887B2
Date: Jul 7, 2020.

Patent Title: METHOD OF ESTIMATING SUBSURFACE FLUID FLOW
Patent ID: US10677886B2
Date: Jul 7, 2020.

Patent Title: APPARATUS FOR FORMING A SUBSURFACE FLOWABLE FRACTURED ROCK MASS
Patent ID: US10677

Major Products & Services

The main products and/or services commercialised by this business include the following:

Oil and gas exploration and development
Oil and gas appraisal and production
Project management and consulting services
Corporate and financial advice
Acquisition and divestment advice
Risk management advice
Petroleum engineering services
Petroleum geology services
Drilling services
Well completions and testing services

Key Competitors

We have identified the following organisations as being key competitors:

FAR Limited
Carnarvon Petroleum Limited
Santos Limited
Woodside Petroleum Limited
Oil Search Limited
Origin Energy Limited
Beach Energy Limited
Senex Energy Limited
Kumul Petroleum Holding Limited
Westside Corporation Limited

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Key Stakeholders

Stakeholders are individuals or groups who have an interest in a business and/or are affected by its actions.

These stakeholders can have different requirements and expectations from the business, which must be taken into account when making decisions.

By understanding their stakeholders’ requirements, a business can make informed decisions that benefit all involved.

Below is the list of internal and external stakeholders we have identified for this business:

1. Shareholders: 88 Energy Limited's shareholders are investors in the company and its activities.

2. Customers: 88 Energy Limited's customers are those that purchase the company's products and services.

3. Employees: 88 Energy Limited's employees are the people who work for the company and keep it running day-to-day.

4. Suppliers: 88 Energy Limited's suppliers provide the company with the necessary materials and services.

5. Government: 88 Energy Limited must abide by government regulations and laws, and must pay taxes.

6. Industry Partners: 88 Energy Limited works with other companies in the energy industry to develop new products and services.

7. Financial Institutions: 88 Energy Limited is reliant on banks and other financial institutions to provide financing and access to capital.

8. Media: 88 Energy Limited must manage its public image through the media and other media outlets.

Value Proposition

A value proposition explains the unique value and/or benefits that an organisation provides to its customers, partners, stakeholders and the overall market. It outlines what makes a company like 88 Energy Limited different from its competitors, along with what it can offer that key competitors cannot.

A corporate value proposition can be used with the competitive advantages section of this report in order to better understand 88 Energy Limited and its position within the marketplace.

88 Energy Limited is a renewable energy company that provides its customers with electricity generated from renewable resources. It offers a wide range of products and services, including renewable energy certificates (RECs), renewable energy projects, and green power products. Customers can buy and sell RECs, as well as use them to offset their own electricity consumption. 88 Energy Limited also provides green power products to businesses and government organisations.

Competitive Advantages

Competitive advantages are unique attributes, strategies, resources, or capabilities that allow an organisation to outperform its competitors and achieve superior market position and profitability.

Competitive advantages for the business include the following:

High-Impact Exploration Drilling Program: 88 Energy has a high-impact exploration drilling program in its Icewine project in Alaska’s North Slope region. This program has the potential to unlock a major resource of oil and gas, which could create significant value for the company and its shareholders.

Experienced Management Team: 88 Energy’s management team is experienced in the oil and gas industry, having worked in the North Slope of Alaska and other regions around the world. This team has the expertise and experience needed to identify and develop attractive oil and gas assets.

Strategic Partnerships: 88 Energy has developed strategic partnerships with major oil and gas companies, including BP and Apache. These strategic partnerships provide 88 Energy with access to capital, technology, and additional expertise, which could help it unlock the potential of its assets.

Proven Resources: 88 Energy has access to proven resources in the form of oil and gas reserves and production. This provides the company with a source of revenue, which can be used to fund further exploration and development activities.

Customers & Cohorts

As part of this competitive intelligence study, we have identified the main customers of the organisation.

These include the following cohorts:

Institutional Investors
Retail Investors
Investment Banks
High Net Worth Individuals
Corporate Investors
Energy Companies
Government Agencies
Advisory and Consulting Firms

Market Trends

Market trends can impact an organisation by influencing consumer behavior, altering supply and demand dynamics, and affecting the organisation's ability to remain competitive in the market.

As part of this study, we have identified a number of potential short-term to medium-term trends that could impact the organisation. These include the following:

Increasing Demand for Oil and Gas: The global demand for oil and gas is expected to increase significantly over the coming years. This could be beneficial for 88 Energy Limited as they are able to capitalise on the increasing demand. However, it could also be detrimental as there is a limited supply of oil and gas, which could lead to increased competition for 88 Energy.

Technological Advancements: Technological advancements in the oil and gas industry are expected to continue to grow. This could be beneficial for 88 Energy Limited as they can use these advancements to optimize their operations and increase their efficiency. However, they may also have to invest more in technology in order to keep up with the competition.

Environmental Regulations: The environmental regulations related to oil and gas production are expected to become more stringent in the coming years. This could be beneficial for 88 Energy Limited as they would need to invest in new technologies to comply with these regulations. However, it could also be costly for them as they may need to invest in additional resources in order to meet the regulations.

Changing Prices: Oil and gas prices are expected to fluctuate over the coming years. This could be beneficial for 88 Energy Limited as they can capitalise on the increasing prices. However, it could also be detrimental as the prices may fall, leading to a decrease in profits for 88 Energy.

Key Performance Indicators

Below is a list of KPI's that we have identified as being strategically relevant to this organisation:

Financials (BETA)

The key financials for 88 Energy Limited include income statements, which can be found in their annual reports. These financial statements provide information on the organisation's financial performance and health, including revenue, expenses, and profits. This information, along with other indicators are used by investors, analysts and other stakeholders to evaluate the company's performance and future prospects.

Where a financial does not match, we have included those of the parent company (if a listed entity). If the financials are missing please contact us and we will prioritise the update.

Key Personnel

Income Statement

[eod_financials target="88E.AU" id="10329343" preset="Income Statement" years="2018-2023"]

Highlights

Top-level corporate stats and financial highlights for the listed entity, include:

Share Performance

Below is the current (EOD) share performance for the company, or its listed parent:

Potential Products/Services

As part of this study we have attempted to prognosticate potential products and/or services this organisation could develop in the short to medium-term.

Technical Consulting Services: 88 Energy Limited could offer technical consulting services to help clients better understand their energy needs and develop cost-effective strategies for managing them.

Energy Auditing Services: 88 Energy Limited could provide energy auditing services to help clients identify and address any inefficiencies in their energy use.

Energy Efficiency Solutions: 88 Energy Limited could develop and supply energy efficiency solutions such as energy monitoring systems, energy-efficient lighting, and other energy-saving products.

Renewable Energy Solutions: 88 Energy Limited could offer renewable energy solutions such as solar photovoltaic systems, small wind turbines, and other renewable energy technologies.

Financial Services: 88 Energy Limited could provide financial services such as loans and leasing options to help clients finance their energy-efficiency and renewable-energy projects.

Potential Synergies

Using our product and portfolio-matching algorithm, we have determined that the following organisations have potential synergies with the company:

1. Oil & Gas Exploration Companies: Apache Corporation, ConocoPhillips, Chevron Corporation, ExxonMobil, BP, Royal Dutch Shell.
2. Natural Resources Companies: Rio Tinto, BHP Billiton, Barrick Gold Corporation, Freeport-McMoRan.
3. Technology Companies: IBM, Microsoft, Oracle, Amazon, Google.
4. Financial Institutions: JPMorgan Chase, Goldman Sachs, Citigroup, Bank of America, Morgan Stanley.
5. Energy Companies: Duke Energy, Southern Company, Dominion Energy, AES Corporation, NRG Energy.

Porter's Five Forces

Created by Harvard Business School Professor Michael Porter in 1979, Porter's Five Forces model is designed to help analyse the particular attractiveness of an industry; evaluate investment options; and better assess the competitive environment.

The five forces are as follows:

Competitive rivalry
Supplier power
Buyer power
Threat of substitution
Threat of new entries

Porter's 5 forces is a model that is used to analyse the competitive environment within an industry. The model includes 5 forces that can be used to determine the level of competition within an industry. The 5 forces are:

1. Threat of new entrants: The threat of new entrants is LOW. There are HIGH barriers to entry, such as the need for large amounts of capital and specialised knowledge.

2. Bargaining power of buyers: The bargaining power of buyers is LOW. There are few buyers and they are not able to negotiate lower prices.

3. Bargaining power of suppliers: The bargaining power of suppliers is LOW. There are many suppliers and they are not able to negotiate higher prices.

4. Threat of substitute products: The threat of substitute products is LOW. There are no close substitutes for the company's products.

5. Intensity of competitive rivalry: The intensity of competitive rivalry is LOW. There are few competitors and they are not evenly matched. The company scores WELL in relation to Porter's 5 forces.

PESTLE Analysis

This PESTLE analysis is a strategic planning tool that assesses key external factors affecting the organisation, including the following:

Political
Economic
Social
Technological
Legal
Environmental

Each of these factors is analysed to determine their impact on the organisations strategy, objectives, and operations.

By utilising a PESTLE analysis, the organisation can make better decisions and develop strategies to address potential risks and opportunities.

CATWOE Analysis

The CATWOE analysis is used to investigate each stakeholders perspectives in order to enable the business to make informed decisions.

The CATWOE analysis is a problem-solving tool consisting of six elements:

Customers
Actors
Transformation process
World view
Owners
Environmental constraints

We view the CATWOE as being most useful when used in conjunction with other problem-solving tools such as a SWOT analysis.

Customers: 88 Energy Limited's customers are typically investors, brokers, and fund managers.

Actors: The key actors associated with 88 Energy Limited are the Board of Directors, the Company's shareholders, and the Company's employees.

Transformation process: 88 Energy Limited's transformation process is focused on increasing value and mitigating risk through exploration and development of its oil and gas assets. Through its exploration and production activities, 88 Energy Limited seeks to discover and develop new energy reserves, increase its reserves of oil and gas, and create new opportunities for the Company and its stakeholders.

World view: 88 Energy Limited's world view is focused on taking advantage of the current energy landscape, while also mitigating risks associated with exploration and production. The Company is committed to exploring and developing new energy reserves in a safe and responsible manner.

Owners: 88 Energy Limited's owners are the Company's shareholders and Board of Directors.

Environmental constraints: 88 Energy Limited is subject to environmental constraints in all its exploration and production activities. These include regulatory requirements and environmental best practices. The Company is committed to operating in a safe and responsible manner, while minimising its environmental impacts.

SWOT Analysis

This SWOT analysis is a strategic planning tool used to assess the strengths, weaknesses, opportunities and threats of the 88 Energy Limited business.

When creating this SWOT the team at Platform Executive have taken into consideration the corporate strategy; brand; key financials; the competitive landscape; along with the products and/or services offered.

To offer increased context for future innovation and product development we also consider the historical context for the business and industry; and perceived direction of travel.

Upon researching the company, we have uncovered a number of strategic and operational strengths, weaknesses, opportunities and threats.

Strengths

Below is a list of the strengths we have identified for the business:

1. 88 Energy is a leading independent oil and gas exploration company with a strong portfolio of assets in Alaska and Australia.

2. The company has a experienced management team with a proven track record in delivering shareholder value.

3. 88 Energy has a strong financial position with a cash balance of approximately $78 million as at 30 June 2016.

4. The company has a large and prospective exploration portfolio with high potential for value creation.

Opportunities

Below is a list of opportunities we have identified for the business:

1. Increase production efficiency: 88 Energy Limited should identify and implement best practices to increase production efficiency. This can include utilizing innovative approaches to reduce waste and optimizing processes to increase production output.

2. Enhance safety: 88 Energy Limited should focus on keeping safety as their top priority. This includes implementing safety protocols, investing in safety technology and equipment, and providing safety training for their staff.

3. Diversify revenue streams: 88 Energy Limited should explore different revenue streams to increase their overall income. This can include developing new products and services, expanding into new markets, and forming strategic partnerships.

4. Increase customer satisfaction: 88 Energy Limited should focus on providing a high-quality customer experience. This includes enhancing customer service, offering flexible payment options, and utilizing customer feedback to improve their products and services.

Weaknesses

Below is a list of the weaknesses we have identified for the business:

1. Lack of focus: 88 Energy has a portfolio of assets in various stages of exploration and development, which can be a distraction from its core projects.

2. Limited experience: 88 Energy is a relatively new company and does not have the same level of experience as its peers in the industry.

3. Limited resources: 88 Energy has a small team and limited financial resources, which may limit its ability to execute its plans.

4. High risk: 88 Energy's projects are high risk and may not be successful, which could lead to financial losses.

Threats

Below is a list of the threats we have identified for the business:

1. Low oil prices: 88 Energy Limited is exposed to the risk of low oil prices which could lead to a decrease in their revenues. This could negatively impact their ability to finance their projects and operations.

2. Regulatory changes: In the oil and gas industry, regulatory changes are a common threat. These changes can affect the company's ability to access resources, implement new technologies, and comply with environmental regulations.

3. Political instability: Political instability in the countries where 88 Energy Limited operates can lead to risks such as supply chain disruption, increased costs, and security concerns.

4. Competition: 88 Energy Limited faces competition from other oil and gas companies in their region, which can lead to decreased market share and decreased profits.

5C Analysis

The 5C Analysis is a marketing framework that can be used to provide insight into the key drivers of success, as well as the risk exposure to various environmental factors.

This (concise) 5C analysis examines the external and internal environment for 88 Energy Limited. It includes analysing the company's customers, competitors, collaborators, context, and capabilities. We have produced this short analysis to identify potential opportunities and threats to 88 Energy Limited, as well as areas where the company needs to improve its operations or strategy.

Company: 88 Energy Limited

Collaborators: 88 Energy Limited works with a variety of partners to develop its assets in Alaska and Australia. This includes other oil and gas companies, industry experts, and local governments.

Customers: 88 Energy's customers are primarily oil and gas companies. These companies purchase and refine 88 Energy's crude oil and natural gas products.

Competitors: 88 Energy's main competitors in Alaska and Australia are other oil and gas companies. These companies are competing for the same resources and customers.

Content: 88 Energy Limited is an oil and gas exploration and production company based in Perth, Australia. It is focused on exploration and development of oil and gas assets in Alaska and Australia. 88 Energy has two key projects in Alaska and Australia, namely the Project Icewine and Project Peregrine, both of which have the potential to be major discoveries. 88 Energy is committed to responsible development of its assets and is actively engaged in environmental stewardship and community initiatives.

MOST Analysis

The MOST analysis framework is commonly used to identify an organisation's strategic goals, assess its strengths and weaknesses, and develop a plan to achieve its objectives. This analysis helps organisations to focus on what they want to achieve and how to achieve it, while also identifying potential roadblocks or obstacles that may arise along the way.

Mission
Objectives
Strategy
Tactics

We have created this analysis from a 3rd person perspective.

Innovation Scorecard

As part of our research and analysis activity, the team at Platform Executive assesses and then benchmarks businesses and the industry verticals in which they operate using a proprietary scoring mechanism.

First, we allocate a score of A-E for the industry vertical, gauged on the key organisations operating within the space; and then score the individual business using a 1-5 score.

A score of D-E within an industry means that it is potentially ripe to be disrupted by a new entrant into the marketplace; and/or vulnerable to technological change.

Likewise, a high score of 4-5 for the company in question indicates that in the view of the analysis team it lags behind notable businesses in terms of innovation and product pipeline.

Below is a guide to each score:

Industry score:

A	The industry is amongst the most innovative; with the leading players all driving the sector forward. Example industry: PaaS
B	The industry and its leading players have a good track record of innovation; and can quickly react to change. Example industry: Pharmaceutical
C	Companies operating within the sector have adequate levels of innovation; and engage in R&D activities when appropriate. Example industry: FMCG
D	Businesses operating in the industry do not invest enough time and resource into innovation. The sector is stagnant and a good candidate for disruption. Example industry: Retail Banking
E	The major players in the sector seem to lack suitable product development roadmaps; and as a result the sector is highly vulnerable to industry change. Example industry: Publishing

Company score:

1	The business is amongst the leading players in terms innovation and product pipeline. This will fulfil and reinforce the operations of the business in the medium to long-term.
2	The business has a good track record of innovation, in terms of its products and/or its business model. It is therefore more likely to be able to react and adapt to any changes to the industry.
3	The business is deemed to have an adequate innovation plan, build on research and development and sustainability where appropriate. The business has a product development strategy.
4	The business needs to invest more resource and/or intellectual capital in product development, pipelines and/or its business model. The business is at risk of stagnation.
5	The business seems to lack a suitable product development roadmap; and as a result is vulnerable to any notable industry change and/or new entrants in the marketplace.

The team at Platform Executive has judged 88 Energy Limited as having an innovation score of B3.

Appendices

The appendices section of this report contains supplementary information that the team at Platform Executive deems helpful in providing a more comprehensive understanding of the report's contents.

This information is not considered an essential part of the study but serves as a useful supplement to the main text.

Methodology

This study on 88 Energy Limited forms part of our series of competitive intelligence reports, which focuses on 10,000 of the largest corporates.

The information and data included are updated on a timely schedule to ensure that our Premium members receive the most up to date information .

The report is based on information and learning from the following sources:

Corporate websites
Proprietary research databases
SEC Filings
Corporate press releases
News articles
Financial data API's
Product-matching algorithm

Further Information

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Disclaimer

Reproduction of the content produced in this report is prohibited without the prior permission of the publisher, Platform Executive Pty Ltd.

The facts of this report have been gathered in good faith from both primary and secondary sources. It is believed to be correct at the time of publication, but cannot be guaranteed. As such Platform Executive can accept no liability whatever for actions taken based on any information that may subsequently prove to be incorrect.

Changelog

Premium members: To request a priority update to this report, please contact us. Our standard turnaround time is normally 48 hours.

The changelog for this report can be found below, complete with the next scheduled update:

v1.1: Initial load of report
Date: 1st March 2023

Key Financials added (BETA)
Date: 17th March 2023

Next scheduled update: 25th April 2023

Industry Keywords

Related keywords:

Acquisition Drilling Exploration Production

VOC Energy Trust Units of Beneficial Interest

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