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88 Energy moves closer to South Prudhoe farm-out as drilling preparations advance

9:26am on Wednesday 7th of October, 2026 AEDT • Oil and Gas
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88 Energy moves closer to South Prudhoe farm-out as drilling preparations advance

9:26am on Wednesday 7th of October, 2026 AEDT
Key Points
  • Multiple South Prudhoe farm-out bids received
  • Commercial negotiations targeting a preferred counterparty by mid-Q4 2026
  • More than 80% of vendor services and long-lead items selected or secured
  • Well bond posted and Q4 permitting activities remain on track
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