88 Energy (“88E”) released its 2025 Activity Report, highlighting progress at Project Phoenix, where JV partner Burgundy Xploration is advancing funding and has started spending ahead of the 2026 drilling campaign. Burgundy has lodged its IPO registration statement with the SEC; however, the prolonged US government shutdown in H2’25 pushed back review timelines. 88E has granted an extension of the Participation Agreement to Burgundy until 30 April 2026. Operational readiness also progressed, inc ....
