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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
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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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