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88 Energy ( (AU:88E) ) has shared an announcement.
88 Energy Limited released its half-year financial report, highlighting continued progress in its exploration projects, particularly Project Phoenix in Alaska. The company has entered into a Farmout Participation Agreement with Burgundy Xploration LLC, ensuring funding for future development. Additionally, 88 Energy is advancing its Project Leonis with new lease blocks and a focus on the Canning Formation. The company also announced the sale of its interest in Project Longhorn in Texas to streamline its portfolio and focus on exploration in Alaska.
More about 88 Energy
88 Energy Limited is a company involved in the exploration and appraisal activities primarily in Alaska, with additional interests in onshore Texas and Namibia. The company focuses on oil projects, with a significant emphasis on high-impact exploration opportunities.
For an in-depth examination of 88E stock, go to TipRanks’ Overview page.