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88 Energy ( (AU:88E) ) just unveiled an update.
88 Energy Limited reported significant progress in its Alaskan and Namibian projects for the quarter ending September 2025. In Alaska, the company advanced planning for the Franklin Bluffs-1H well at Project Phoenix and the Tiri-1 exploration well at Project Leonis. The Namibian portfolio saw a 12-month extension for PEL93 and plans for a high-resolution gravity survey. Additionally, 88 Energy completed the strategic divestment of its interest in Project Longhorn, enhancing its financial position by avoiding substantial development costs. Corporate activities included a change in leadership and the closure of a small holding share sale facility.
More about 88 Energy
88 Energy Limited is an energy company focused on oil and gas exploration and development. The company operates primarily in Alaska, with projects such as Project Phoenix and Project Leonis, and holds interests in Namibia. Its market focus includes exploring and developing hydrocarbon resources in these regions.
Average Trading Volume: 1,081,179
Technical Sentiment Signal: Sell
Current Market Cap: A$23.15M
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