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ASX:88E

88 Energy Limited

Energy / Oil & Gas Exploration & Production

Current price

$0.0235

0.002 (6.00%)

Last trade: Invalid date GMT

Market cap

$294.27m

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Principal Activity

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.


Address

Level 2/5 Ord St, West Perth WA 6005, Australia

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Copyright © 2020 Fresh Equities. All rights reserved. ACN 619 657 028. CAR: 001267539 of AFSL: 471379.

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Copyright © 2020 Fresh Equities. All rights reserved. ACN 619 657 028. CAR: 001267539 of AFSL: 471379.