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88 Energy Secures 20% Interest in Namibia PEL 93 with Reduced Funding Obligations

9:16am on Monday 11th of May, 2026 AEST Energy
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88 Energy Secures 20% Interest in Namibia PEL 93 with Reduced Funding Obligations

9:16am on Monday 11th of May, 2026 AEST
Key Points
  • 20% working interest in PEL 93 fully vested and unconditional
  • Farm-in obligations cancelled, reducing financial exposure by US$15 million
  • Integrated aerogravity and magnetic data enhance subsurface understanding
  • ReconAfrica’s Kavango West-1X well testing offers regional catalyst
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