88 Energy Reports Positive Results and Expands Exploration

88 Energy Limited (AU:88E) has released an update.

88 Energy Limited has announced positive half-year financial results, highlighting successful flow tests at the Hickory-1 discovery well in Alaska’s Project Phoenix, which indicate potential for high production rates and monetization. The company also reported a maiden internal Prospective Resource estimate for Project Leonis in Alaska and is advancing exploration in Namibia with a newly acquired 20% working interest in onshore Petroleum Exploration Licence PEL 93.

For further insights into AU:88E stock, check out TipRanks’ Stock Analysis page.