During 3Q25, 88E continued to progress multiple workflows across its portfolio. At Project Phoenix, JV partner Burgundy Xploration continues to advance its funding strategy to finance Phase 1 of the previously agreed farm-out with 88E, including the drilling and long-term testing of a horizontal well targeting the SMD-B reservoir. Plans continue to progress at Project Leonis in advance of a planned multi-reservoir exploration well in 1Q27. In Namibia, the focus is on ReconAfrica’s Kavango West-1 ....
