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88 Energy Ltd

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 seismic and are in the throes of processing that. Things are looking good" he says.

Wall says there are a few milestones to reach in the lead up to the spudding of the well in Q1 2017, including the potential for a small farm out. "The first batch of seismic results will be in less than 4 weeks, in eight weeks from now we will have the larger of those two batches with our own interpretation and then independent resource estimates which will come out sometime in October" he says.

Quick facts: 88 Energy Ltd

Price: £0.01

Market: AIM
Market Cap: £55.4 m
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