88 Energy Shares Fall As Bureaus Suspended From Granting Dri

88 Energy Shares Fall As Bureaus Suspended From Granting Drill Permits


88 Energy Shares Fall As Bureaus Suspended From Granting Drill Permits
Fri, 22nd Jan 2021 10:35
(Alliance News) - 88 Energy Ltd's shares plunged on Friday as it noted a recently announced 60-day suspension of authority for US Department Bureaus and Offices relating to the issuance of new drilling permits on Federal land.
Shares in the Alaska-focused oil producer were 24% lower at 0.46 pence on Friday in London.
The document from the US Department of the Interior said that several actions normally taken by Department Bureaus and Offices would be suspended.
This included the action: "To issue any onshore or offshore fossil fuel authorization, including but not limited to a lease, amendment to a lease, affirmative extension of a lease, contract, or other agreement, or permit to drill".

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