88 Energy reports that the Alaskan Department of Natural Resources (DNR), Oil and Gas Division, has completed its adjudication process and formally issued award notices to Captivate Energy Alaska, Inc. (a wholly-owned subsidiary of the Company) covering the entire Project Leonis lease area.
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 is an. | April 20, 2023
88 Energy has provided an update related to its operations in the NPR-A region of the North Slope of Alaska. Hickory-1 exploration well scheduled to spud on or around 1 March 2023, targeting 647 mmbo. Project Leonis secured as part of the North Slope Areawide 2022W Oil and Gas lease sale. Successful completion of the final two planned workovers scheduled for 2022 at Project Longhorn.
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88 Energy has been declared the highest bidder for select acreage offered as part of the North Slope Areawide 2022W Oil and Gas lease sale. The Company s new acreage will be known as Project Leonis and comprises 10 leases covering approx. 25,600 contiguous acres.