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88 Energy advances Augusta-1 as South Prudhoe partner talks progress
9:14am on Monday 26th of October, 2026 AEDT
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Oil and Gas Exploration
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88 Energy advances Augusta-1 as South Prudhoe partner talks progress
9:14am on Monday 26th of October, 2026 AEDT
Key Points
More than 80% of Augusta-1 vendor services and long-lead items selected or secured
Several South Prudhoe farm-out bids received, with negotiations continuing
Project Phoenix drilling pushed to Q3 2027 after Burgundy receives a final extension
10% interest proposed in approximately 25,583 gross acres of new North Slope leases
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