88 Energy Limited (GB:88E) has released an update.
88 Energy Limited has advanced its exploration efforts by awarding a 2D seismic acquisition program to Polaris for the PEL 93 license in Namibia, set to commence in mid-2024. The company, which already holds a 20% working interest that could rise to 45%, aims to validate 10 structural leads identified through airborne geophysical methods. This seismic work could expedite drilling as early as the second half of 2025, contributing to the growing excitement around Namibia’s onshore resource potential.
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