88 Energy Limited (AU:88E) has released an update.
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88 Energy Limited reports progress on Project Phoenix, including positive flow test results from the Hickory-1 well in Alaska with peak rates of ~70 and ~50 bopd for USFS and SMD-B zones respectively. The company is conducting further analyses and preparing for an independent resource assessment, with plans for a potential horizontal well production test and a strategic partnership to support future drilling and development.
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