88 Energy to drill vertically rather than laterally at Alaskan well
5th Sep 2016 09:22
(ShareCast News) - Australian oil and gas company 88 Energy has revised the design for its Alaskan Icewine-2 well and now intends to drill vertically, rather than laterally, to reduce costs and risks. AIM-listed 88 Energy, along with its joint-venture partner Burgundy Xplorartion, found that a verti
Read morePositive progress for 88 Energy at Icewine
8th Jun 2016 13:43
(ShareCast News) - Exploration company 88 Energy issued an extensive update on its operations at Project Icewine on Wednesday, including its securing of additional acreage. The AIM-traded firm said processing has been completed for the official award of 172,937 acres successfully bid on in the State
Read more88 Energy confirms plans for capital raising
20th Apr 2016 16:08
(ShareCast News) - 88 Energy confirmed on Wednesday that it was looking to raise between AUS$10m (£5.3m) - $10M (£8m) cash through a placing of new shares at 3.5 cents each. Earlier in the day it had said trading in its Australian securities had been suspended, but that trading on AIM would continue
Read more88 Energy lifts estimates 293% at Icewine project
6th Apr 2016 15:38
(ShareCast News) - AIM-traded 88 Energy reported a massive 293% increase in the recoverable resource estimates at Project Icewine on Wednesday, located at North Slope onshore Alaska. The AIM-traded company said its independent resource estimate for HRZ shale had been increased to 1.4bn barrels of oi
Read more88 Energy issues positive update on Icewine 1 Alaska well
29th Dec 2015 08:15
(ShareCast News) - Exploration group 88 Energy said on Tuesday that its Icewine 1 well in Alaska was drilled to its target depth, meeting all primary unconventional drilling objectives. In addition, the company noted solid conventional finds and said oil, heavy gas ans shale gas shows were recorded
Read more88 Energy's Alaska operation on track with expectations
13th Nov 2015 08:56
(ShareCast News) - Exploration group 88 Energy said drilling operations at its Alaska site were proceeding faster than expected. The London-listed company said the Kuukpik Rig 5 at the Icewine 1 site had drilled to 6,258 ft and was currently drilling ahead, after successfully completing the Blow Out
Read more88 Energy begins drilling operation at Icewine
23rd Oct 2015 08:21
(ShareCast News) - Exploration group 88 Energy said on Friday that drilling operation at its Icewine 1 exploration well in Alaska have got underway. The London-listed company said the well is set to be drilled to a total depth 11,600 feet and it will take approximately a month to complete. "Spud at
Read more88 Energy jumps after unveiling plans to apply for Alaska drilling permit
19th Oct 2015 15:41
(ShareCast News) - Shares in 88 Energy jumped on Monday, after the oil and gas explorer unveiled plans to apply for a drilling permit for the Icewine-1 well in Alaska this week. The London-listed group said it was aiming to get drilling underway before the end of the week, after the award of the per
Read more88 Energy surges on Alaska project update
10th Sep 2015 09:41
(ShareCast News) - Shares in 88 Energy surged over 8% early on Thursday, after the oil and gas explorer clinched a rig contract for its Alaska project. The London-listed company said the deal will see the first well at Project Icewine on Alaska's North Slope drilled by the Kuukpik Rig 5, which has b
Read more88 Energy surges after securing credit facility for Alaska project
24th Aug 2015 09:53
(ShareCast News) - 88 Energy surged on Monday after saying it has secured a $50m credit facility with Bank of America that will enable the company to fund its Icewine Project in Alaska. Under the terms of the agreement, which follows the completion of a detailed due diligence on the project by the b
Read more88 Energy collapses after Aussie suspension
20th Jul 2015 11:24
(ShareCast News) - Shares in 88 Energy collapsed after they were suspended in Australia but not on London's AIM when the company announced it was poised to being a capital raising. The company announced that its shares had been placed in a trading halt on the Australian Securities Exchange (ASX) "pe
Read more88 Energy jumps on strong results from nearby project
4th Jun 2015 08:32
88 Energy shares climbed strongly on Thursday morning after the Repsol/Armstrong joint venture, which is just 50 miles from the firm's Icewine project, announced that it has achieved results that are well above expectations. The flow rates, large areal extent, reservoir quality and oil gravity all p
Read more88 Energy completes Moroccan project exit
29th May 2015 16:14
88 Energy has confirmed it has officially exited its Moroccan project. The London-listed company said it had been notified from the Moroccan Minister for Energy and Minister for Finance that its interest in the Tarfaya offshore block had been formally transferred to sector peer Galp. "This formally
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