88 Energy Limited (AU:88E) has released an update.
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88 Energy Limited successfully completed a 2D seismic acquisition program for PEL 93 in the Owambo Basin, Namibia, on time and within budget, with high-quality data collected to help identify potential drilling locations and estimate a maiden Prospective Resource. The data is currently being processed for a final interpretation expected by Q4 2024. The program’s success, along with a recent investment by BW Energy into neighboring exploration activities, signals strong market confidence in the region’s oil and gas potential.
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