14th Dec 2015 08:25
LONDON (Alliance News) - 88 Energy Ltd on Monday said it has requested its shares be halted from trading in Australia as it has reached a "critical juncture" in drilling work on the Icewine 1 well in Alaska.
The company said another announcement will be released in the near-term once the results of this phase of drilling are known.
Shares in the company rose 17% in London on the news to 0.640 pence, one of the best performers in the AIM All-Share early Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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