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88 Energy boss on next steps for Alaska Icewine project

Dave Wall, managing director of 88 Energy (LON:88E),  updates on progress at the firm’s Icewine project on Alaska’s North Slope.

The firm is to start a fully funded oil drilling programme in Alaska in around two months’ time, thanks to a major financing deal with Bank of America.

Yesterday the firm rubber-stamped its acquisition of Icewine, it now holds an 87.5% stake in 69 leases in the area through its subsidiary Accumulate Energy Alaska.

Quick facts: 88 Energy Ltd

Price: 0.82 GBX

AIM:88E
Market: AIM
Market Cap: £56.35 m
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88 Energy ltd boss: things are looking good, potential for farm-out

88 Energy ltd (LON:88E) Managing Director Dave Wall tells Proactive Investors that how the company has been through a period of consolidation including fundraising and acquisitions. "We've raised A25mln, we've finalized the purchase of 170,000 acres, we've completed the acquisition of some 2D...

on 08/02/2016

2 min read