88 Energy Limited (AU:88E) has released an update.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
88 Energy Limited has announced a significant increase in Contingent Resources for its Project Phoenix, with an over 50% rise to 378 million barrels of oil equivalent, including a net entitlement of 239 million barrels for the company. The updated figures are based on independent audits by ERCE and NSAI, highlighting Project Phoenix’s status as a multi-reservoir discovery with considerable potential for future commercialization. Additionally, strategic plans are being laid out for further project advancement, including potential partnership arrangements and an extended horizontal well flow test.
For further insights into AU:88E stock, check out TipRanks’ Stock Analysis page.
