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An update from 88 Energy ( (AU:88E) ) is now available.
88 Energy Limited has successfully secured new leases on the North Slope of Alaska, adjacent to the largest oilfield in North America. This strategic acquisition expands their operated acreage by 34,560 acres across two key areas, South Prudhoe and Kad River East. The leases are expected to enhance 88 Energy’s exploration potential, with plans for 3D seismic data acquisition and a multi-zone exploration well targeting the Ivishak Formation, known for its high-quality sandstone reservoir. This move positions the company for near-term value catalysts and longer-term growth, with opportunities for low-CAPEX tie-backs to existing infrastructure.
More about 88 Energy
88 Energy Limited is an oil and gas exploration company focused on the North Slope of Alaska. The company leverages a data-driven and infrastructure-led approach to explore and develop hydrocarbon resources, with a focus on strategic locations near existing infrastructure.
Average Trading Volume: 980,237
Technical Sentiment Signal: Sell
Current Market Cap: A$24.3M
See more data about 88E stock on TipRanks’ Stock Analysis page.