88 Energy extends deadline for XCD Energy takeover offer
Acceptances increased to 79% in the past week, from 37% a week ago, and the company aims to secure at least 90% so that it can take the rest by compulsory purchase.
Company
88 Energy Ltd
LON:88E
88 Energy Ltd is a multi-listed oil and gas exploration and production company with a North American focus. The company has operator exploration and appraisal projects in onshore Alaska and non-operator exploration in onshore Namibia. It has been operating on the North Slope of Alaska since 2015, successfully drilling multiple exploration wells and acquiring extensive seismic data across a large acreage position.
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Proactive weekly oil & gas highlights: 88 Energy, Block, Union Jack Oil, Touchstone Exploration, Mosman, Chariot, Eco Atlantic, ADM Energy ...
It was another active week in the small-cap oil and gas sector.
88 Energy takeover offer for XCD Energy goes unconditional
The buyer now has the backing of 59.27% of XCD's shares and said it won't improve its offer further
88 Energy confirms XCD shareholder acceptances as takeover offer progresses
XCD holders have until June 25 to take action, and, 88 Energy has noted that XCD’s directors have recommended the offer and have now accepted in respect of their own holdings
88 Energy highlights ‘originally preferred’ location for a Charlie well in Alaska
The explorer discussed an alternative drilling location for Charlie which it says was preferred prior to Premier Oil's involvement in the project
88 Energy takeover target XCD upgrades resource estimates for Project Peregrine
Estimates for the Alaskan exploration acreage have been improved by consultant ERC Equipoise
Proactive weekly oil & gas highlights: 88 Energy, Aminex, Touchstone Exploration, DGOC, Cadogan Petroleum, Union Jack Oil ...
It was an active shorter Bank Holiday week for London's small-cap oil and gas firms
Archive
Proactive news headlines: 88 Energy, C4X Discovery, Panther Metals, MaxCyte …
A glance at some of the day's highlights from the Proactive Investors newswire
88 Energy agrees recommended takeover of XCD Energy
XCD's board has agreed to recommend an improved offer for the takeover
88 Energy can be one of the largest acreage holders on Alaska’s North Slope - Cenkos
The stockbroker describes the explorer's tilt for XCD Energy as an attractive proposition.
88 Energy launches A$7.5mln takeover bid for Alaska explorer XCD Energy
The takeover approach aims to create a consolidated Alaska explorer with expanded acreage on the North Slope
88 Energy says latest Charlie-1 well findings are “encouraging”
Further analysis of secondary targets exceeds the pre-drill expectations, for those areas, albeit that the well was not optimally positioned to assess them
88 Energy says does not expect any cost for Charlie well, fresh farm-out eyed
Earlier this well the company revealed disappointing results from the Charlie-1 well
88 Energy to wrap-up Charlie-1 testing due to “mixed” results
The primary target was not a success and joint venture partner Premier Oil has decided to exit the project – but, multiple secondary targets were still seen to have hydrocarbons
Proactive oil & gas highlights: 88 Energy, i3, United, TLOU, Genel, Columbus Energy, BPC, Eco Atlantic, Europa Oil & Gas
It was another busy week in the small-cap oil and gas sector.
Small Cap Wrap - Frontier IP Group; 88 Energy Ltd; Oncimmune Holdings and more....
Frontier IP Group (LON:FIPP) 65p £32.9m Frontier IP, a specialist in commercialising intellectual property, has raised its equity stake in portfolio company Celerum Limited from 10 per cent to 33.8 per cent. The increase is in return for an
88 Energy to host AGM online to comply with coronavirus rules on social distancing
The company's AGM is due to take place online on Thursday 9 April
88 Energy’s Charlie drilling completes, ‘shows’ seen in multiple horizons
It is designed as a follow-up to BP's Malguk discovery well, and, initial data is so far “largely consistent” with the historic results
88 Energy updates on Charlie-1 after weather related delay
Following a brief delay the well programme will now advance, with initial results anticipated in April
88 Energy gives Charlie-1 progress update
Charlie-1 aims to intersect up to seven stacked prospects and Premier Oil is covering well costs.