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The latest update is out from 88 Energy Limited ( (AU:88E) ).
88 Energy Limited has announced a maiden prospective resource estimate of 283 million barrels of oil for its Canning Prospect at Project Leonis in Alaska. This new estimate positions Project Leonis as a significant exploration opportunity, with plans underway for the Tiri-1 exploration well, scheduled for the first half of 2026. The project is strategically located near major infrastructure, enhancing its commercial potential, and the company is seeking a farm-out partner to support future drilling efforts.
More about 88 Energy Limited
88 Energy Limited is an oil exploration company focused on high-potential projects in Alaska. The company is involved in the exploration and development of oil resources, employing advanced seismic techniques to identify and exploit new prospects, particularly in the North Slope region.
YTD Price Performance: 2.50%
Average Trading Volume: 18,295,836
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £29.01M
For an in-depth examination of 88E stock, go to TipRanks’ Stock Analysis page.
