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88 Energy's latest placing is to prepare for the unexpected, chief says

Dave Wall, chief executive at 88 Energy (LON:88E), talks to Proactive Investors about the company's latest A$17mln share placing and explains it will be used to cover costs overruns and other unexpected items  ahead of the Icewine-2 drill programme.

"We just have to be in a position where we don't get caught out," he says.

Quick facts: 88 Energy Ltd

Price: 0.385 GBX

AIM:88E
Market: AIM
Market Cap: £40.82 m
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88 Energy Ltd - Proactive One2One Virtual Event

88 Energy Ltd’s (LON:88E) Dave Wall presents to investors at the Proactive One2One Virtual Event. Its recent quarterly activities report highlighted the group's takeover of XCD Energy PLC (LON:XCD). The Alaska explorer detailed the soon-to-complete takeover among the features of the period ended...

on 26/7/20

2 min read