88 Energy Limited (AU:88E) has released an update.
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88 Energy Limited has announced the commencement of a seismic acquisition program in Namibia’s PEL 93, which the company is funding as part of a farm-in deal to secure a 20% interest, potentially rising to 45%. The program aims to collect over 200 km of 2D seismic data starting mid-2024 to assess 10 identified structural closures, with expectations to fast-track drilling by the second half of 2025. This development could significantly advance the understanding of onshore resource potential in Namibia, where other operators are also actively exploring.
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