88 Energy Share News (88E)

IN BRIEF: 88 Energy announces offer to raise GBP6.3 million

88 Energy Ltd - Alaska-focused oil explorer - Posts offer to raise GBP6.3 million at 0.0031 pence per share. After this the company will have issued around 2.01 billion share, and will have total shares on issue of 22.12 billion shares. 88 Energy says that it will apply the funds raised from the offer it fund ongoing activity across its portfolio of oil and gas exploration assets, focusing on the North Slope of Alaska and onshore Texas. 88 Energy announced this plan on July 31, saying at the time that net cash it received will be used for flow testing of the Hickory-1 well at Project Phoenix in the North Slope of Alaska and on development wells and work-overs at Project Longhorn in Texas, alongside other testing and activities.

88 Energy seeks to raise up AUD12 million in rights issue of shares

(Alliance News) - 88 Energy Ltd on Monday announced plans to raise up to AUD12.0 million, about GBP6.3 million, from a rights issue of shares, which it will use to progress projects in the US states of Alaska and Texas.

TRADING UPDATES: Mycelx wins deal; 88 Energy buys in Texas

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

IN BRIEF: 88 Energy plans to obtain resource report for Project Leonis

88 Energy Limited - Australia-based, Alaska-focused oil explorer - Says that internal review of Project Leonis shows that it has strong seismic-well tie. Project Leonis comprises ten leases covering approximately 25,430 contiguous acres in Alaska. 88 Energy was issued award notices for the project in April. The company says that its initial review of the Hemi Springs Unit number three has indicated around 200 feet of logged bypassed net pay in the Upper Schrader Bluff reservoir, with good porosity and oil shows evident throughout.

88 Energy progresses Hickory-1 flow testing programme

(Sharecast News) - 88 Energy updated the market on its Hickory-1 flow testing programme and post-well analysis on Friday, reporting that it was planning to conduct flow tests on multiple zones within the Hickory-1 well, with all zones expected to yield positive results based on reservoir characteristics.

UK shareholder meetings calendar - next 7 days

TRADING UPDATES: Ecora portfolio additions up, Gem Diamonds carats up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Pantheon Resources "pleased" by 88 Energy well data exchange results

(Alliance News) - Pantheon Resources PLC said on Friday that it was "pleased" by the preliminary findings of its data exchange with 88 Energy Ltd, which Pantheon Resources said provided "valuable data" on its southern lease boundary.

88 Energy says subsidiary formally awarded Project Leonis acreage

(Alliance News) - 88 Energy Ltd on Thursday said that the Alaskan Department of Natural Resources has formally issued award notices to Captive Energy Alaska Inc for the Project Leonis lease area.

88 Energy achieves success in latest Hickory-1 work

(Sharecast News) - Oil and gas explorer 88 Energy announced the successful completion of the wireline logging suite and sidewall coring programme for its Hickory-1 well on Tuesday, confirming the presence of multiple hydrocarbon-bearing zones.

IN BRIEF: 88 Energy "excited" about results from Hickory-1 in Alaska

88 Energy Ltd - Alaska-focused oil explorer - Completes the wireline logging suite and sidewall coring programme at the Hickory-1 well in Alaska, allowing it to progress to flow testing. 88 Energy holds a 75% working interest in the well and is the operator.

88 Energy sees shares rise on completion of Hickory-1 well drilling

(Alliance News) - 88 Energy Ltd on Monday celebrated the discovery of a new reservoir, as it completed drilling at the Hickory-1 exploration well to a total depth of 10,650 feet.

TRADING UPDATES: LoopUp eyes annual revenue to ahead of market view

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday not separately reported by Alliance News:

88 Energy progresses drilling at Hickory-1

(Sharecast News) - Oil and explorer 88 Energy announced successful progress in its drilling operation on the North Slope of Alaska on Thursday.

88 Energy advances Alaskan development on drilling of Hickory-1 hole

(Alliance News) - 88 Energy Ltd on Thursday said that it has made progress in Alaska, after successfully drilling the Hickory-1 surface hole to 3,570 feet.