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
(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
(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
(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
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
(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
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
(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
(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
88 Energy Limited - Australia-based, Alaska-focused oil explorer - Says that internal review of Project Leonis shows that it has strong seismic-well tie. Project Leonis comprises ten leases covering approximately 25,430 contiguous acres in Alaska. 88 Energy was issued award notices for the project in April. The company says that its initial review of the Hemi Springs Unit number three has indicated around 200 feet of logged bypassed net pay in the Upper Schrader Bluff reservoir, with good porosity and oil shows evident throughout. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - Pantheon Resources PLC said on Friday that it was "pleased" by the preliminary findings of its data exchange with 88 Energy Ltd, which Pantheon Resources said provided "valuable data" on its southern lease boundary. Read More
(Alliance News) - 88 Energy Ltd on Thursday said that the Alaskan Department of Natural Resources has formally issued award notices to Captive Energy Alaska Inc for the Project Leonis lease area. Read More
88 Energy Ltd - Alaska-focused oil explorer - Completes the wireline logging suite and sidewall coring programme at the Hickory-1 well in Alaska, allowing it to progress to flow testing. 88 Energy holds a 75% working interest in the well and is the operator. Read More
(Alliance News) - 88 Energy Ltd on Monday celebrated the discovery of a new reservoir, as it completed drilling at the Hickory-1 exploration well to a total depth of 10,650 feet. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday not separately reported by Alliance News: Read More
(Alliance News) - 88 Energy Ltd on Thursday said that it has made progress in Alaska, after successfully drilling the Hickory-1 surface hole to 3,570 feet. Read More
88 Energy Ltd - Alaska-focused oil exploration company - Begins the drilling of the Hickory-1 exploration well at Project Phoenix in Alaska. The well is designed to appraise up to six conventional reservoir targets and 647 million barrels of oil. It is permitted to a total depth of up to 12,500 feet. Hickory-1 is planned to be initially drilled to 3,500 feet, with surface casing installed and the blow-out preventer system tested. This is expected to take up to two weeks in total. Drilling to total depth is expected to take an additional two weeks. Flow testing at the well is planned to be undertaken during the 2023/2024 winter season, subject to well results. Read More
(Alliance News) - 88 Energy Limited said on Wednesday that it had suffered a significant loss in 2022 due to a one-off expense. Read More
(Alliance News) - 88 Energy Ltd on Tuesday said the Alaskan Department of Natural Resources, Oil & Gas Division has approved the formation of the Toolik River Unit over the western and central Project Phoenix lease area. Read More