88 Energy’s exploration partner Red Emperor continues to evaluate Alaska potential
Red Emperor told its investors that 88 Energy had completed the programme on time and 'on or slightly under' budget
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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FTSE 100 closes higher as global growth fears ease, but Carnival shares sink
The UK's premier index closed up nearly 19 points at 7,169, while FTSE 250 added over 96 at 8,896
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88 Energy outlines Alaska opportunities as farm-out deal moves closer
The explorer has multiple exploration opportunities, being advanced concurrently and despite recent disappointment other potentially significant assets remain in the Alaska portfolio
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FTSE 100 closes firmly in red as traders flee risk ahead of Fed statement
The UK blue-chip index finished down nearly 33 points lower at 7,291
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Cantor Fitzgerald keeps ‘buy’ on 88 Energy despite chopping back its target price after Winx-1 disappointment
The City broker's analysts said: “Focus will now shift to the proposed farm-out of the Icewine conventional portfolio, where a deal is targeted this quarter”
Gooch & House on the march after contract win
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88 Energy’s latest analysis reveals disappointing result for Alaska exploration well
“Analysis of the data is ongoing; however, it is deemed unlikely to change the current view in a material fashion,” said Dave Wall
FTSE 100 closes marginally higher ahead of next Parliamentary vote on Brexit
The January US Durable Goods Orders and Shipments Report showed that business equipment investment got off to a sluggish start this year, Berenberg Capital Markets noted
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Small cap movers: Red Emperor shares seesaw on news from Alaskan well, but it’s still not clear what exactly is in the ground
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IWG shrugs off profit fall with upbeat outlook
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88 Energy confirms Winx-1 well reached total depth and hit multiple potential pay zones
“Whilst it is still early days, we are well placed and look to the wireline program with measured optimism," Dave Wall said
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