88 Energy has successfully raised A$17.5m via an oversubscribed placing at a price of A$0.0095/share (a 20.8% discount to the closing price on the 1 February 2023). The net proceeds of the placing, together with the Company's existing cash reserves will fund the drilling of the high-impact Hickory-1 exploration well. Preparations are on track for the spudding of the well in early March, with the Permit to Drill having been approved by the Alaska Oil & Gas Conservation and the Nordic Calista Rig- ....
06 Feb 2023
Cenkos: 88 Energy Ltd -- Placing & Q4/22 Update
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Cenkos: 88 Energy Ltd -- Placing & Q4/22 Update
88 Energy Limited (88E:LON) | 0.2 0 0.0% | Mkt Cap: 42.1m
- Published:
06 Feb 2023 -
Author:
James McCormack -
Pages:
7
88 Energy has successfully raised A$17.5m via an oversubscribed placing at a price of A$0.0095/share (a 20.8% discount to the closing price on the 1 February 2023). The net proceeds of the placing, together with the Company's existing cash reserves will fund the drilling of the high-impact Hickory-1 exploration well. Preparations are on track for the spudding of the well in early March, with the Permit to Drill having been approved by the Alaska Oil & Gas Conservation and the Nordic Calista Rig- ....