88 Energy Limited (EEENF)
OTC PINK OTC PINK Primary Summary
EEENF Chart
88 Energy rises as it sets timetable for 2026 Alaska drilling
Shares in 88 Energy Ltd (AIM:88E, ASX:88E, OTCQB:EEENF) gained about 5% to 1.1p after the company mapped out its 2026 production testing plans for Project Phoenix on Alaska's North Slope. The key step will be the Franklin Bluffs-1H horizontal well, scheduled for the third quarter of 2026.
88 Energy confirms plan for Franklin Bluffs-1H horizontal well
88 Energy Ltd (AIM:88E, ASX:88E, OTCQB:EEENF) has outlined the 2026 production test program for Project Phoenix in Alaska, confirming that the Franklin Bluffs-1H horizontal well is planned for the third quarter of 2026. The company said a pilot hole will first test the SMD, SFS and BFF zones before wireline logging and suspension ahead of designing the horizontal section.
88 Energy has expanded with fresh diversity and low-cost opportunity in Alaska
88 Energy Ltd (AIM:88E, ASX:88E, OTCQB:EEENF) has added diversity and added low-risk opportunities with its latest project acquisitions, that's the view of analysts at Cavendish. The explorer, on Thursday, announced it had secured an expanded strategic land position in Alaska's North Slope, having been named the highest bidder on around 34,560 acres in the 2025 oil and gas lease sale.
88 Energy Limited (EEENF) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
When is the next earnings date?
Has 88 Energy Limited ever had a stock split?
88 Energy Limited Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Ashley Phillip Gilbert A Fin, CA, CSA(Cert), GAICD CEO | OTC PINK Exchange | AU00000088E2 ISIN |
| AU Country | 10 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
88 Energy Limited, initially established as Tangiers Petroleum Limited, is a prominent player in the oil and gas industry, focusing on exploration and production predominantly within the United States. The company's strategic redirection led to a name change in February 2015, marking a new era in its development and expansion in the energy sector. Operating out of Subiaco, Australia, since its inception in 1996, 88 Energy has honed its expertise in navigating the complex landscapes of oil and gas exploration and production, particularly in the challenging terrains of Alaska and Texas, where it holds significant interests across various projects.
Products and Services
- Phoenix Project:
- Icewine West Project:
- Peregrine Project:
- Leonis Project:
- Umiat Unit:
- Yukon Leases:
- Longhorn Project:
88 Energy commands a 75% working interest in the Phoenix project, which sprawls over approximately 62,324 net acres. This project stands out in the company's portfolio for its vast potential in oil and gas reserves, nestled within the onshore North Slope of Alaska, a region known for its rich hydrocarbon basins.
Holding a 75% working interest, the Icewine West project encompasses about 121,996 net acres. It is strategically located to capitalize on the unique geological features of the Alaskan North Slope, promising significant exploration and development opportunities in hydrocarbon production.
With a 100% working interest, the Peregrine project offers control over approximately 125,741 net acres. This project represents a cornerstone in 88 Energy's portfolio, given its extensive acreage and the potential for substantial oil and gas discoveries within Alaska's prolific regions.
88 Energy fully owns the Leonis project, covering around 25,600 net acres. This project further amplifies the company's presence on the North Slope of Alaska, a testament to its commitment to exploring and exploiting the vast resources this area has to offer.
The Umiat unit, with 100% ownership by the company, spreads across approximately 17,633 net acres. The unit is distinctive for its historical significance and its renewed potential for oil production in the modern energy landscape.
Owning 100% of the Yukon leases, which cover about 15,235 net acres, these leases represent a strategic foothold for 88 Energy in Alaska. The area is recognized for its untapped oil and gas prospects, ready for exploration and production endeavors.
Outside of Alaska, 88 Energy ventures into Texas with a 73% working interest in the Longhorn project. This project, comprising approximately 964 net acres, situates the company within the prolific Permian Basin, known for its rich oil reserves and longstanding production history.
Contact Information
