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How Will 88 Energy’s A$5M Boost Shape Alaska’s Augusta-1 Drilling?
9:42am on Friday 27th of March, 2026 AEDT
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Energy
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How Will 88 Energy’s A$5M Boost Shape Alaska’s Augusta-1 Drilling?
9:42am on Friday 27th of March, 2026 AEDT
Key Points
Placement raised approximately A$5 million at A$0.029 per share
Funds to accelerate permitting and planning for Augusta-1 well, targeting Q1 2027 spud
Augusta-1 targets low-risk Ivishak and Kuparuk reservoirs with 64 million barrels prospective resource
Strong investor support reflects confidence in Alaska-focused strategy and expanded acreage
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