88 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 more88 Energy rises on progress at Alaska's North Slope
19th Feb 2021 09:04
(Sharecast News) - 88 Energy updated the market on its operations on the North Slope of Alaska on Friday, reporting that rig commissioning was now complete, with mobilisation having started for the drilling of Merlin-1.
Read more88 Energy announces AUD 12m fundraise
10th Feb 2021 11:18
(Sharecast News) - 88 Energy proposed to raise up to AUD 12m (£6.7m) before expenses on Wednesday, to fund the ongoing evaluation of prospectivity of its existing assets, and to pursue new opportunities in Alaska.
Read more88 Energy named as high bidder on Alaska tract
8th Jan 2021 11:32
(Sharecast News) - 88 Energy updated the market on its projects on the North Slope of Alaska on Friday, reporting that via its wholly-owned subsidiary Regenerate Alaska, it was named high bidder on tract 29 in the 2021 Coastal Plain Lease Sale.
Read more88 Energy executes farm-out at Project Peregrine
4th Dec 2020 09:44
(Sharecast News) - 88 Energy updated the market on its projects on the North Slope of Alaska on Friday, reporting that a farm-out had been executed at Project Peregrine.
Read more88 Energy shares surge on latest data from Charlie-1
11th Sep 2020 12:07
(Sharecast News) - 88 Energy updated the market on results from the Charlie-1 appraisal well on the North Slope of Alaska on Friday, reporting that the final petrophysical interpretation, using sophisticated laminated sand analysis, "substantially" upgraded the well's net hydrocarbon pay.
Read more88 Energy releases more results from Charlie-1 appraisal well
21st May 2020 15:50
(Sharecast News) - 88 Energy updated the market on operations at its recently-drilled Charlie-1 appraisal well on the North Slope of Alaska on Thursday, reporting the average API gravity of liquid hydrocarbon in the Torok Formation as around 50 degrees.
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