Proposed placing to raise up to A$9.8 million | Company Announcement
Investegate announcements from Proposed placing to raise up to A$9.8 million
Stay updated with breaking news from Owambo Basin. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Investegate announcements from Proposed placing to raise up to A$9.8 million
88 Energy has completed the first stage of its farm-in to a massive 18,500 square kilometres of ground in Namibia’s Owambo Basin – one of the globe’s last remaining onshore frontier petroleum basins. It now has a 20 per cent interest in the ground and can up its share to 37.5 per cent in phase two and 45 per cent in phase three of the farm-in.
Milestone-rich 2023 positions 88 Energy's (ASX: 88E) global oil & gas portfolio for 'a very bright 2024'
88 Energy has expanded its Texan footprint after agreeing to pick up an interest in Permian Basin production and development assets with best-estimate reserves of 0.68 million barrels of oil equivalent.
The Company will earn up to a 45% non-operated working interest in onshore PEL 93, located in the Owambo Basin, Republic of Namibia