IN BRIEF: 88 Energy receives first partner payment, extends deadline
88 Energy Ltd - Subiaco, Australia oil exploration company focused on Alaska - Provides update on joint venture Project Phoenix with Burgundy Xploration LLC. Says Burgundy has paid USD1 million of outstanding USD4 million cash call. 88 Energy has extended the full payment deadline to February 15. Says Burgundy intends to provide a full carry for 2025 and 2026 work program in exchange for an additional working interest from 88 Energy. Read More