88 Energy Limited

Energy

88 Energy Limited (ASX:88E) is an oil and gas exploration company with exploration permits in Alaska. They have 3 operations in Alaska, and their focus is on the Icewin Project, where they have 486,000 contiguous acres in an oil-rich province, with access to transportation corridor (the Transalaska Pipeline). 88E has finalised and completed a farm-out agreement with Premier Oil Plc for a portion of their project area (Western Play Fairway). The recent farm-out will see 88 Energy free-carried on drilling of 1.6 billion barrel target (480 million barrels of oil net to 88E) in February 2020.They are currently awaiting an approval for the permit to drill (expected somewhere around January 2020) on the Icewine project.