88 Energy Limited (EEENF)
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88 Energy sees new 50% upgrade to Project Phoenix resources
88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) has unveiled a significant update to the contingent resources at Project Phoenix, in Alaska, which is now seen to host some 378 million barrels of gross 2C contingent resources. The new estimate, provided by independent consultant ERCE, increased the contingent resources in the multi-reservoir project's SMD-B and SFS zones by more than 50% - adding 128 million barrels to the gross tally.
88 Energy saw progress across multiple projects, though Phoenix remains primary focus
88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) used today's half-year financial report statement to give investors a rundown of its projects in Alaska, Texas, and Namibia. Project Phoenix, in Alaska, remains a primary focus.
88 Energy updates on Alaska oil flow tests
88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) updated investors on its flow testing results from the Hickory-1 well, in Alaska. The vertical well, drilled in February 2023, was tested in its two primary target reservoirs, the Upper SFS (USFS) and SMD-B.
88 Energy confirms healthy cash position after active quarter
88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) today published its obligatory quarterly activities report, confirming it had A$7.9 million of cash at the end of June. In terms of its operations, the company highlighted significant progress in several key projects, particularly the Project Phoenix and Project Leonis assets in Alaska.
88 Energy says it successfully completed Namibia seismic
88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) told investors it has completed the 2D seismic acquisition programme onshore Namibia. The program, which covered 203 line-kms, in the Owambo Basin, was completed on time and within budget.
88 Energy kicks off seismic programme onshore Namibia
88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) Limited told investors it has begun a 2D seismic acquisition programme in the Owambo Basin, onshore Namibia. The explorer holds a 20% interest in the project, in Petroleum Exploration Licence 93 (PEL 93), and it is earning its stake by funding the seismic work.
88 Energy completes maiden resource estimate at Project Leonis
88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) told investors it has now completed its maiden resource estimate for the Project Leonis area, in Alaska, with some 381 million barrels of recoverable ‘net mean Prospective Resources' estimated. The range of estimates was pitched between 167 million (low) to 671 million (high) barrels.
