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88 Energy ( (AU:88E) ) has provided an update.
88 Energy Limited reported significant progress across its projects for the quarter ending June 30, 2025. In Alaska, the company advanced its Project Leonis with planning for the Tiri-1 exploration well and secured additional leases, enhancing its evaluation capabilities. Project Phoenix saw joint venture partner Burgundy Xploration LLC advancing funding strategies for a horizontal well. In Namibia, a license extension was granted for PEL93, with a new work program approved to support pre-drill de-risking. Meanwhile, in Texas, the company is negotiating a strategic divestment of Project Longhorn. Financially, 88 Energy maintains a strong cash position, supporting future ventures and operational activities.
More about 88 Energy
88 Energy Limited is an energy company operating in the oil and gas industry, focusing on exploration and production activities. The company holds interests in various projects across Alaska, Namibia, and Texas, with a market focus on developing and optimizing hydrocarbon resources.
YTD Price Performance: 4.55%
Average Trading Volume: 1,325,003
Technical Sentiment Signal: Sell
Current Market Cap: A$26.62M
See more insights into 88E stock on TipRanks’ Stock Analysis page.