88 Energy Advances Project Phoenix Amid Partner Support

88 Energy Limited (AU:88E) has released an update.

88 Energy Limited has announced progress in its Project Phoenix, as its joint venture partner, Burgundy Xploration, LLC, has paid part of its financial commitment and agreed to a new deadline for the remaining balance. The project is making strides toward its planned work program aimed at exploring the SMD-B reservoir, with significant exploration activity underway on the Alaskan North Slope. These developments highlight the potential for future oil and gas production, attracting attention from investors and industry players.

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