88 Energy Limited, a prominent player in the energy sector, has announced its intention to raise up to A$9.8 million (approximately £5.23 million) through a placing of new ordinary shares. This strategic financial move is aimed at supporting the company’s ambitious expansion plans, including the advancement of its Project Phoenix and operations in Namibia. Strategic […]
88 Energy Limited (ASX:88E, AIM:88E, OTC:EEENF), a prominent player in the oil and gas sector, has officially announced its successful Working Interest (WI) Transfer from Monitor Exploration Limited (Monitor) for Petroleum Exploration Licence 93 (PEL 93), located in the Owambo Basin, Republic of Namibia, following the approval of the Ministry of Mines and Energy. This […]
88 Energy Limited has executed a three-stage farm-in agreement with Monitor Exploration Limited to earn up to a 45% non-operated working interest in Petroleum Exploration Licence 93 (PEL 93), located in Namibia’s Owambo Basin. The agreement involves staged entry into an 18,500 km² onshore acreage in Namibia, with a total anticipated investment of up to […]
88 Energy acquisition of XCD Energy : Australian energy companies 88 Energy and XCD Energy have finally agreed to merge in an all-stock transaction to establish an oil company focused on the North Slope in Alaska, US. Presently, 88 Energy has operations in most of the Project Icewine, which is spread over nearly 480,000 acres. […]