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88 Energy Advances Alaska Drilling Plans with New Seismic Data and $5M Equity Raise
8:58am on Thursday 16th of April, 2026 AEST
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Energy
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88 Energy Advances Alaska Drilling Plans with New Seismic Data and $5M Equity Raise
8:58am on Thursday 16th of April, 2026 AEST
Key Points
507 million barrels gross prospective resource estimated at South Prudhoe
Augusta-1 well targeting stacked Ivishak and Kuparuk reservoirs planned for Q1 2027
Heavily oversubscribed A$5 million equity raise strengthens cash position to ~A$10 million
Kad River East 3D seismic data acquired to support maiden resource estimate in H2 2026
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