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88 Energy (88E) Share News

IN BRIEF: 88 Energy in final preparations for Hickory-1 flow test

19th Feb 2024 11:41

88 Energy Ltd - Alaska-focused oil exploration company - Says flow testing operations are advancing at the Hickory-1 well at the Phoenix project in Alaska. Construction of the ice pad and rig commissioning have been completed, and camps have been mobilised to the Hickory-1 location. Company expects to complete final preparations within the next seven to ten days, including completing rig mobilisation and associated services. Read More

IN BRIEF: 88 Energy Hickory-1 well flow test to start in February

30th Jan 2024 14:09

88 Energy Ltd - Alaska-focused oil exploration company - Says Hickory-1 well discovery well flow test and stimulation program is set to begin in early February, while rig mobilisation will start in mid-February. Adds that the maiden prospective resource estimate for the Upper Schrader Bluff reservoir in its Leonis project is expected in the first half of 2024. Read More

88 Energy to commence USD11 million Hickory well tests in mid-February

12th Jan 2024 10:11

88 Energy Ltd - Alaska-focused oil exploration company - Says it will conduct a flow rate and well stimulation program at its Hickory-1 well, expected to commence in mid-February. Testing for the well, which is located at 88's Phoenix project in Alaska, has a budget of USD11 million and is fully funded according to the company. The Hickory-1 well was first spudded in March and was suspended in April ahead of the upcoming flow tests. The tests' design, planning and logistics are complete, the company says, and permitting is on track for the end of January. Testing will focus on the well's slope fan system and shelf margin deltaic, both of which will be tested separately. The company says that the tests are intended to provide "critical" information for refining the well's development plans, including the reservoirs' durability, fluid compositions, pressures and connectivity. Read More

UK shareholder meetings calendar

8th Jan 2024 16:15

TRADING UPDATES: 88 Energy expands Texas footprint with acquisitions

15th Dec 2023 16:58

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More

EARNINGS AND TRADING: Lowland Investment NAV falls but dividend hiked

5th Dec 2023 20:01

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More

EARNINGS AND TRADING: Northern Bear boosts profit, Esken loss widens

29th Nov 2023 14:30

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More

TRADING UPDATES: Upland Resources completes technical study at Sarawak

28th Nov 2023 16:53

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More

TRADING UPDATES: 88 Energy signs farm-in deal with Monitor Exploration

13th Nov 2023 21:58

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More

IN BRIEF: 88 Energy pleased with maiden contingent resource estimate

6th Nov 2023 17:07

88 Energy Ltd - Alaska-focused oil and gas company based in Subiaco, Western Australia - Says the maiden independent contingent resource estimate has been completed at Project Phoenix for the Basin Floor Fan reservoir. Reports a gross best estimate contingent resource of 250 million barrels of oil equivalent from the deepest reservoir encountered in Hickory-1. Explains that contingent resources were defined on the basis of multiple successful flow tests conducted in the BFF reservoir on adjacent acreage and clear reservoir continuity demonstrated through high quality seismic data. Read More

TRADING UPDATES: CPP reports new business wins for Blink division

31st Oct 2023 19:04

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More

IN BRIEF: 88 Energy gears up for Phoenix reservoir resource estimate

30th Oct 2023 14:15

88 Energy Ltd - Alaska-focused oil and gas company based in Subiaco, Western Australia - Appoints independent consultants Netherland, Sewell & Associates, Inc to conduct a contingent resource estimate on the Basin Floor Fan reservoir at Project Phoenix on Alaska's Central North Slope. News follows Pantheon Resources PLC declaring a significant contingent resource for the Lower BFF reservoir. 88 says BFF was the deepest hydrocarbon-bearing pay zone intersected during drilling and logging of the Hickory-1 exploration well. Says NSAI's assessment, based on results from Hickory-1 and nearby offset wells, may lead to Hickory-1 being confirmed as a discovery. NSAI has starting reviewing and integrating existing data from all reservours. Read More

TRADING UPDATES: 88 Energy targets flow test for Phoenix in 2024

12th Oct 2023 16:14

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More

TRADING UPDATES: Faron appoints Birge Berns as interim medical officer

21st Sep 2023 12:12

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More

88 Energy narrows loss, draws on cash balance for Hickory project

8th Sep 2023 10:54

(Alliance News) - 88 Energy Ltd on Friday said it reduced its interim loss in part from reduced exploration impairments, and it is optimistic about scheduled tests in Alaska. Read More

IN BRIEF: 88 Energy completes shortfall offer placement

30th Aug 2023 18:37

88 Energy Ltd - Alaska-focused oil explorer - Completes shortfall offer placement from the non-renounceable rights issue at an issue price of AUD0.006 per share. The rights issue closed on August 22 with the company issuing around 553 million new shares. As a result of the strong inbound demand received from other investors during the rights issue and subsequent shortfall offer process, company has received firm commitments to place in full all new shares not taken up in the rights issue, representing around 1.46 billion shares. Read More

88 Energy completes rights issue, announces GBP5 million placing

29th Aug 2023 10:45

(Alliance News) - 88 Energy Ltd on Tuesday said it completed its latest rights issue and proposed a placing of over one billion shares to fund its exploration activity. Read More

IN BRIEF: 88 Energy announces offer to raise GBP6.3 million

9th Aug 2023 11:37

88 Energy Ltd - Alaska-focused oil explorer - Posts offer to raise GBP6.3 million at 0.0031 pence per share. After this the company will have issued around 2.01 billion share, and will have total shares on issue of 22.12 billion shares. 88 Energy says that it will apply the funds raised from the offer it fund ongoing activity across its portfolio of oil and gas exploration assets, focusing on the North Slope of Alaska and onshore Texas. 88 Energy announced this plan on July 31, saying at the time that net cash it received will be used for flow testing of the Hickory-1 well at Project Phoenix in the North Slope of Alaska and on development wells and work-overs at Project Longhorn in Texas, alongside other testing and activities. Read More

88 Energy seeks to raise up AUD12 million in rights issue of shares

31st Jul 2023 11:22

(Alliance News) - 88 Energy Ltd on Monday announced plans to raise up to AUD12.0 million, about GBP6.3 million, from a rights issue of shares, which it will use to progress projects in the US states of Alaska and Texas. Read More

TRADING UPDATES: Mycelx wins deal; 88 Energy buys in Texas

3rd Jul 2023 17:31

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More

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