88 Energy to acquire producing assets in Texas
"The acquisition of Project Longhorn provides 88 Energy with immediate cash flow and direct exposure to any further strengthening in energy prices,” said chief executive Ashley Gilbert.
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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88 Energy says placing was oversubscribed, reveals move for Permian basin assets
"Completion of this placement ensures 88 Energy is funded to undertake the full suite of targeted appraisal activities at the Merlin-2 well.”
88 Energy launches equity raise as investors look forward to March well
It follows news that 88 Energy got the green light for its planned Merlin-2 well, to spud next month.
88 Energy gets green light for Alaska well
“We look forward with excitement to the drilling of the highly anticipated Merlin-2 appraisal well," said managing director Ashley Gilbert.
88 Energy shares join OTCQB market in US ahead of expected spud of Alaska well
"The OTCQB quotation provides 88 Energy with access to the world's largest investment market,” said managing director Ashley Gilbert
88 Energy says on-track to start Merlin-2 well in February
The follow-up to the Merlin-1 well is testing prospects estimated at some 650 mln barrels
88 Energy on-track for Merlin well spud in February
Merlin-2 is aiming at targets estimated at some 652mln barrels, seen previously in the preceding well.
88 Energy selects location for Merlin-2 well ahead of February spud
The explorer had its pick of three possible locations.
88 Energy prepares for Merlin-2 well as rig deal is inked
"We are delighted to be working with Doyon for the upcoming drilling of the Merlin-2 appraisal well in early 2022,” said managing director Ashley Gilbert
88 Energy updates on operations as it sits on comfortable cash pile
The group has planned the Merlin-2 appraisal well for the first quarter in 2022
Proactive weekly oil & gas highlights: Zephyr, 88 Energy, San Leon, COPL, Mosman, Block, Westmount Energy, Eco Atlantic, Jersey Oil and Gas, Union Jack, Empyrean
It was another active week in the oil and gas sector.
88 Energy maxes out share sale to raise A$23.96mln
The explorer launched the placing on Monday with an initial target to raise A$20mln
88 Energy launches A$20mln equity raise as it eyes next steps in Alaska
Brokers Cenkos and EurozHartleys are undertaking a bookbuild for a share placing, capped at A$23.96mln without the need of shareholder approval
88 Energy planning Merlin appraisal as latest analysis confirms light oil
"We are thrilled with the results from the Merlin-1 exploration well,” said managing director Ashley Gilbert
88 Energy confirms financial health, expects comprehensive Merlin well details imminently
It was an active half for corporate activity whilst operationally the focus was on the Merlin well, and the detailed analysis thereafter
88 Energy extends Umiat oil project by two years
The Umiat oil project is located adjacent to Project Peregrine acreage, which analysis efforts are ongoing.
88 Energy appoints Philip Byrne as new chairman
"I am delighted to be joining the 88 Energy team at this exciting time,” Byrne said
Proactive Oil & Gas weekly highlights: Tlou Energy, Eco (Atlantic) Oil & Gas, ADM Energy…
It was another active week in the small-cap oil and gas sector
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88 Energy looking forward to sharing final Merlin-1 results with investors
Management changes and asset deals featured in the quarter, but attention has been focused on the drip of analysis results from Merlin