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88 Energy ( (AU:88E) ) has shared an update.
88 Energy Limited has secured a 12-month extension for its Petroleum Exploration License 93 in Namibia, allowing it to continue its exploration activities until October 2026. The company has also launched a new Stage 1A Work Program in partnership with Monitor Exploration Limited, which includes an airborne gravity survey and the identification of potential drilling locations. This initiative aims to de-risk pre-drill activities and could potentially lead to a significant hydrocarbon discovery in the region, enhancing 88 Energy’s position in the Namibian oil and gas sector.
More about 88 Energy
88 Energy Limited operates in the oil and gas exploration industry, focusing on identifying and developing hydrocarbon resources. The company is involved in exploration activities in various regions, including the Owambo Basin in Namibia, where it holds a 20% working interest in Petroleum Exploration License 93.
Average Trading Volume: 1,619,892
Technical Sentiment Signal: Sell
Current Market Cap: A$25.46M
Find detailed analytics on 88E stock on TipRanks’ Stock Analysis page.