88 Energy raising AUD 9.8m to strengthen balance sheet
23rd Apr 2024 10:21
(Sharecast News) - 88 Energy announced its intention to raise up to AUD 9.8m (£5.23m) on Tuesday, to strengthen its balance sheet and provide capital for ongoing projects.
Read more88 Energy gearing up for Hickory-1 flow test
12th Jan 2024 15:17
(Sharecast News) - 88 Energy is gearing up for a significant milestone in its operations, it announced on Friday, with the impending Hickory-1 flow test, scheduled to start in mid-February.
Read more88 Energy secures new Texas acreage
15th Dec 2023 11:26
(Sharecast News) - 88 Energy announced the acquisition of additional oil and gas production assets in the Texas Permian Basin on Friday, marking a significant expansion of its regional footprint.
Read more88 Energy progresses Hickory-1 flow testing programme
23rd Jun 2023 15:05
(Sharecast News) - 88 Energy updated the market on its Hickory-1 flow testing programme and post-well analysis on Friday, reporting that it was planning to conduct flow tests on multiple zones within the Hickory-1 well, with all zones expected to yield positive results based on reservoir characteristics.
Read more88 Energy achieves success in latest Hickory-1 work
11th Apr 2023 14:52
(Sharecast News) - Oil and gas explorer 88 Energy announced the successful completion of the wireline logging suite and sidewall coring programme for its Hickory-1 well on Tuesday, confirming the presence of multiple hydrocarbon-bearing zones.
Read more88 Energy progresses drilling at Hickory-1
23rd Mar 2023 14:25
(Sharecast News) - Oil and explorer 88 Energy announced successful progress in its drilling operation on the North Slope of Alaska on Thursday.
Read more88 Energy starts drilling Hickory-1 exploration well
10th Mar 2023 14:49
(Sharecast News) - 88 Energy announced on Friday that Nordic Calista's Rig-2 has started drilling the Hickory-1 exploration well at Project Phoenix, on the North Slope of Alaska.
Read more88 Energy upbeat on recent adjacent drilling near Icewine
8th Apr 2022 10:07
(Sharecast News) - Alaska-focussed 88 Energy said on Friday that the ongoing assessment of play fairways onto its Project Icewine acreage, where it holds a 75% working interest, was progressing as planned.
Read more88 Energy acquires 73pc interest in producing Texas assets
21st Feb 2022 11:31
(Sharecast News) - 88 Energy announced the execution of a binding agreement for the acquisition of a 73% average net working interest in established conventional oil and gas production assets in the proven Permian Basin, onshore Texas on Monday.
Read more88 Energy raising £10.6m to fund Merlin-2 well
31st Aug 2021 15:10
(Sharecast News) - 88 Energy announced its plans to raise AUD 20m (£10.6m) before expenses on Tuesday, to finance the drilling and logging of the Merlin-2 well, among other projects.
Read more88 Energy's Merlin-1 well confirms presence of light oil
16th Aug 2021 10:45
(Sharecast News) - Oil exploration and appraisal company 88 Energy said on Monday that post-well evaluation of its Merlin-1 well had successfully demonstrated the presence of oil in multiple stacked sequences in the Cretaceous Nanushuk Formation.
Read more88 Energy issues fewer shares than expected for Peregrine purchase
15th Jul 2021 09:21
(Sharecast News) - 88 Energy announced on Thursday that, in relation to its agreement with Alaska Peregrine Development Company (APDC) for the acquisition of a 50% working interest in Project Peregrine, the final total number of shares issued to APDC was 633,457,196 - 190,634,537 lower than originally projected.
Read more88 Energy posts positive update from Alaska's North Slope
14th Jul 2021 15:42
(Sharecast News) - 88 Energy updated the market on operations on the North Slope of Alaska, and the ongoing testing programme following the drilling of the Merlin-1 well, on Wednesday, reporting that additional first phase geochemical analysis of fluid extracts from Merlin-1 core samples again demonstrated the presence of hydrocarbons.
Read more88 Energy agrees sale of Alaskan tax credits to pay down debt
21st Jun 2021 09:47
(Sharecast News) - 88 Energy has agreed to the sale of all the Alaskan oil and gas tax credits currently held by its wholly-owned subsidiary Accumulate Energy Alaska, it announced on Monday.
Read more88 Energy reports good progress on North Slope
27th Apr 2021 14:33
(Sharecast News) - Alaska-focussed 88 Energy updated the market on operations on the state's North Slope on Tuesday, reporting that sidewall cores, mud gas and fluid samples taken from Merlin-1 were now being tested to determine oil saturation, oil typing, PVT characteristics, porosity, permeability and rock mechanics.
Read more