88 Energy Share News (88E)

88 Energy starts drilling Hickory-1 exploration well

(Sharecast News) - 88 Energy announced on Friday that Nordic Calista's Rig-2 has started drilling the Hickory-1 exploration well at Project Phoenix, on the North Slope of Alaska.

IN BRIEF: 88 Energy jumps as drilling begins at Hickory-1 in Alaska

88 Energy Ltd - Alaska-focused oil exploration company - Begins the drilling of the Hickory-1 exploration well at Project Phoenix in Alaska. The well is designed to appraise up to six conventional reservoir targets and 647 million barrels of oil. It is permitted to a total depth of up to 12,500 feet. Hickory-1 is planned to be initially drilled to 3,500 feet, with surface casing installed and the blow-out preventer system tested. This is expected to take up to two weeks in total. Drilling to total depth is expected to take an additional two weeks. Flow testing at the well is planned to be undertaken during the 2023/2024 winter season, subject to well results.

88 Energy annual loss stretches on impairment expense

(Alliance News) - 88 Energy Limited said on Wednesday that it had suffered a significant loss in 2022 due to a one-off expense.

Alaska watchdog approves 88 Energy forming of Phoenix acreage unit

(Alliance News) - 88 Energy Ltd on Tuesday said the Alaskan Department of Natural Resources, Oil & Gas Division has approved the formation of the Toolik River Unit over the western and central Project Phoenix lease area.

IN BRIEF: 88 Energy nears completion with ice pad construction

88 Energy Ltd - Australia-based oil explorer in US state of Alaska - Says its Hickory-1 ice pad construction in Alaska is nearing completion. Says that the pre-spud operations are on schedule and that the spud of the Hickory-1 well is on track for early March. Expects the mobilisation of Nordic Calista's Rig-2 to the Hickory-1 well location to start shortly.

88 Energy gets permit to drill permit for Hickory-1 well in Alaska

(Alliance News) - 88 Energy Ltd on Monday confirmed its permit to drill permit was approved for the Hickory-1 well and raised funds through the placing of 1.84 billion shares to support drilling.

LONDON MARKET CLOSE: FTSE 100 beats 2018 record to hit all-time high

(Alliance News) - The FTSE 100 closed at an all-time high on Friday, rounding off a busy week of central bank interest rate decisions on a positive note.

AIM WINNERS & LOSERS: 88 Energy surges; Petro Matad plans fundraise

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

AIM WINNERS & LOSERS: Immotion surges on Merlin deal, sale of division

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

TRADING UPDATES: 88 Energy anticipates well spud; Tern sees progress

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

TRADING UPDATES: De La Rue defends chair; Resolute Mining fundraise

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

UK shareholder meetings calendar - next 7 days

88 Energy says making progress towards drilling following estimates

(Alliance News) - 88 Energy Ltd on Monday said it was making progress at a number of its projects, including the Hickory-1 well at its Icewine site, following encouraging results from initial independent resource analysis.

88 Energy identifies Hickory-1 well site ready for 2023

(Alliance News) - 88 Energy Ltd on Monday said it has identified a potential location for its exploration well Hickory-1 in its project Icewine East leases.

IN BRIEF: 88 Energy updates resource estimate at Icewine East

88 Energy Ltd - Australia-based oil explorer in US state of Alaska - Provides an update for the prospective resource estimate for its Icewine East project. The project now has two independent estimates. On the Alaska North Slope at the project, the mean total unrisked gross prospective oil resource is 1,030 million stock tank barrels of oil. The mean unrisked net entitlement to 88 Energy at the Alaska North Slope is 647MMstb.