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88 Energy ( (AU:88E) ) just unveiled an update.
88 Energy Limited announced updates on Project Phoenix, highlighting the planned Franklin Bluffs-1H horizontal well and extended production test for 2026. The company, in partnership with Burgundy Xploration LLC, is advancing operational readiness and funding initiatives despite delays caused by a U.S. government shutdown. The project aims to enhance productivity from the SMD-B reservoir, with Burgundy securing additional acreage and committing significant investment to support the venture. This development positions 88 Energy to potentially commence production by 2027, strengthening its foothold in the Alaskan oil and gas sector.
More about 88 Energy
88 Energy Limited is an oil and gas company focused on conventional projects, primarily located on the North Slope of Alaska. The company is engaged in exploration and development activities, with a significant interest in Project Phoenix, which is part of its strategic initiatives in the region.
Learn more about 88E stock on TipRanks’ Stock Analysis page.