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88 Energy Limited ( (AU:88E) ) just unveiled an announcement.
88 Energy Limited reported its quarterly activities for the period ending March 31, 2025, highlighting significant developments in its key projects. Project Leonis has shown substantial prospective resource potential, with planning underway for the Tiri-1 exploration well. Project Phoenix secured a farmout agreement with Burgundy Xploration LLC, providing significant funding for future development. Meanwhile, Project Longhorn experienced a slight dip in production due to adverse weather, prompting a strategic review of its asset position. The company’s strong cash balance supports ongoing exploration and development efforts.
More about 88 Energy Limited
88 Energy Limited is an oil and gas exploration company focused on exploring and developing hydrocarbon resources. The company operates primarily in Alaska, USA, with a focus on projects such as Project Leonis, Project Phoenix, and Project Longhorn.
YTD Price Performance: -22.50%
Average Trading Volume: 23,978,282
Technical Sentiment Signal: Strong Buy
Current Market Cap: £20.8M
For a thorough assessment of 88E stock, go to TipRanks’ Stock Analysis page.