logo-loader
view88 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: 0.95 GBX

AIM:88E
Market: AIM
Market Cap: £65.28 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of 88 Energy Ltd named herein, including the promotion by the Company of 88 Energy Ltd in any Content on the Site, the Company receives from said...

FOR OUR FULL DISCLAIMER CLICK HERE

2 min read