US: 88 Energy receives approval for formation of the Toolik River Unit over Project Phoenix Acreage
88 Energy reports that the Alaskan Department of Natural Resources (DNR), Oil and Gas Division, has approved the formation of the Toolik River Unit over the western and central Project Phoenix lease area. Approval of the Toolik River Unit and plan of exploration will enable the JV to assess the potential commercialisation of the acreage and a pathway to development and production.
Source: energy-pedia.com