88 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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