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.
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