88 Energy (“88E”) has secured a 12-month extension to the First Renewal Exploration Period for its 20% owned Namibian asset, PEL 93, taking it through to 2 October 2026. Over the coming months, the joint venture will execute a targeted Stage 1A work programme, which will include preparation of a certified prospective resource report. This could lead to a material increase in our risked NAV, with the inclusion of prospective resource estimates for PEL 93, to which we do not currently assign any v ....
