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