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88 Energy has completed the interpretation of the recently licensed Franklin Bluffs 3D seismic survey data, which covers a significant area over the Icewine East leases, and has identified a location for the 1H 2023 exploration well, Hickory-1.
88 Energy has reported a maiden, independently certified prospective resource estimate of 1.03 billion barrels of oil - on a gross mean, unrisked basis - for the Project Icewine East development, which the business holds a 75 percent net working interest in.
88 Energy (ASX:88E) has entered into a trading halt ahead of a capital raise after releasing its maiden independent prospective resource estimate at Project Icewin East, Alaska.