88 Energy Limited (EEENF)
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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 expands Alaska footprint
88 Energy Ltd (AIM:88E, ASX:88E, OTCQB:EEENF) has expanded its footprint in Alaska, securing 14 new oil and gas leases totalling about 34,560 acres on the North Slope. The acreage, awarded in the state's 2025W lease sale, expands the company's operated acreage east and west of its Project Leonis area.
88 Energy advances Alaska and Namibia projects as planning continues for next drilling phase
88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) has reported steady progress across its portfolio during the September quarter, with key developments at its Alaskan exploration assets and continued work to de-risk its Namibian acreage, alongside the completion of a strategic divestment in the United States. The company ended the quarter with A$8.3 million in cash, bolstered by the sale of its 65% interest in Project Longhorn, an oil and gas venture in the Texas Permian Basin, for US$3.25 million.
88 Energy half year report recaps six months of progress
88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) confirmed it has filed its half-year financial report, for the six months ended 30 June, highlighting continued progress across its Alaskan oil exploration assets and international portfolio. The company also advanced exploration at its Project Phoenix site on the North Slope of Alaska, where it holds contingent resources of 239 million barrels of oil equivalent.
88 Energy names Joanne Williams as new chair
88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) has appointed Joanne Williams as non-executive chair, as Philip Byrne has retired effective 22 August. Williams previously joined the board in August 2021.
88 Energy exits Texas production venture, banks $3.25m via asset sale
88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) has agreed to sell its 75% non-operated working interest in Project Longhorn, a package of producing oil and gas assets in the Permian Basin, in Texas. It is selling the package of assets to operator Lonestar I, for US$3.25 million (with final consideration subject to customary working capital and completion adjustments, effective 1 July).
88 Energy updates on small holdings facility
88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) has provided an update on its Small Holding Sale Facility. The company said 1,419 shareholders have retained a total of 10.35 million shares.
88 Energy boosts Alaska oil prospects and advances farm-out as cash reserves hold steady
88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) reported steady progress across its global oil and gas portfolio in the quarter to 30 June. At Project Leonis in Alaska, the company expanded its resource base with new lease awards and updated seismic data, now estimating a combined net mean prospective resource of 664 million barrels of oil across the Canning and Upper Schrader Bluff prospects.
88 Energy set to benefit as spotlight grows on Namibia venture
Analysts at UK-based stockbroker Cavendish have repeated a bullish call on 88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) as the small-cap exploration company today confirmed it has extended its venture onshore Namibia. Cavendish today repeated a remarkable 24.6p price target, which compares to 88 Energy's market price of just over a penny.
88 Energy to mop up longtail of small holdings
88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) has launched a ‘Small Holding Share Sale Facility' which aims to mop up a long tail of small shareholdings. It will buy out shareholders with "Less than Marketable Parcels" of shares, without using a broker or paying brokerage fees.
