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88 Energy Limited ( (AU:88E) ) has provided an update.
88 Energy Limited reported significant progress across its various projects for the quarter ended December 31, 2024. In Project Phoenix, a joint venture partner demonstrated commitment by settling a portion of cash calls, and plans were made for future development. Project Leonis expanded its acreage, enhancing exploration potential, while progress continued on the Tiri-1 exploration well. In Namibia, promising seismic data suggested substantial hydrocarbon potential. Although production in Project Longhorn slightly decreased, the company maintained a healthy cash balance and reduced corporate and staff costs significantly.
More about 88 Energy Limited
88 Energy Limited is an energy company focused on the exploration and development of oil and gas projects. It operates primarily in Alaska and Namibia, with a strategic emphasis on expanding its resource base and optimizing production techniques. The company engages in project partnerships and strategic acreage expansion to enhance its exploration potential.
YTD Price Performance: 0%
Average Trading Volume: 15,705,192
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £29.47M
Learn more about 88E stock on TipRanks’ Stock Analysis page.
