88 Energy completes 100% acquisition of Project Peregrine
It now owns 100% of the exploration acreage on the North Slope
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 sees more evidence of hydrocarbons in Merlin well analysis
Final analysis results are expected by the end of this month, and, the latest findings have again shown hydrocarbons
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Small-cap movers: 88Energy surges as it clears its debt but Tricorn gets bent out of shape over accounts irregularities
A look at some of the major movers in the small-caps sector this week
88 Energy says latest analysis “definitively demonstrates” hydrocarbons in Merlin-1 well
The Alaska explorer said it is highly encouraged by the preliminary results received to date from the Merlin-1 testing programme
88 Energy sells Alaska tax credits for US$18.7mln to repay debt
"This is a transaction which accelerates the realisation of value of the Alaskan Oil and Gas Tax Credits and the early repayment of outstanding debt due to be repaid by the end of 2022,” said Ashley Gilbert
88 Energy buys out its partner on Project Peregrine
The parties agreed that the greatest value would be obtained via 88 Energy acquiring APDC's interest in the project
88 Energy says lab analysis shows 'encouraging evidence of oil' in Merlin well sample
"The presence of oil is highly encouraging particularly given that the two most prospective horizons were not able to be sampled due to operational issues," the company said
88 Energy announces Ashley Gilbert as new managing director
The management changes come as the company continues exploration efforts in Alaska.
88 Energy sets out timelines for Merlin-1 analysis
"The oil shows and other encouragement seen in the Merlin-1 well bodes well for the potential at Project Peregrine," said Dave Wall.
88 Energy highlights Merlin well can be re-entered for testing
The company ended the quarter with a healthy cash balance.of A$20mln.
88 Energy reports further evidence of oil in Merlin-1 well
“Whilst these results are confirmatory of the cuttings data and were expected, it is reassuring to see," said Dave Wall.
88 Energy updates on results from Merlin-1 well in Alaska
Multiple prospective zones were identified as part of the first run of the wireline programme
Proactive weekly oil and gas highlights: 88 Energy, Harbour, Zephyr, Westmount, Touchstone Exploration, Tower Resources, Advance Energy, Union Jack Oil, Deltic
It was a short but active week in the small-cap oil and gas sector.
What’s next for 88 Energy Ltd as investors wait on Alaska oil results
The Alaska explorer's shares are very much in demand as early-stage well results have been released in recent days.
88 Energy expects next Merlin well results “over the weekend”
The explorer's shares are up more than 600% in the past month as speculative investors position for the potentially high impact Merlin-1 well.
88 Energy sees multiple potential hydrocarbon zones in Merlin well
Further analysis is required to confirm any discoveries nonetheless the company highlighted encouraging well results to date.
Proactive weekly oil & gas highlights: 88 Energy, Touchstone Exploration, ADM, BPC, Chariot Oil & Gas, Union Jack Oil
It was another eventful week in the small-cap oil and gas sector.
88 Energy shares soar ahead of anticipated Merlin well results
The AIM-quoted exploration share opened around 40% higher on Tuesday.
88 Energy raises $6.48mln as Merlin drills ahead towards targets
Drilling is ongoing and advancing towards the well's targets.
88 Energy shares rocket for unknown reason
The company said it is not aware of any specific reason for the increase