middle.news

88 Energy Advances Alaska Drilling Plans with New Seismic Data and $5M Equity Raise

8:58am on Thursday 16th of April, 2026 AEST Energy
Read Story

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
Read Story
middle.

Tap to Read

Tap the card to read the full analysis
about 88 Energy (ASX:88E)
OPEN ARTICLE