MoneyTalks: Speculative Buy on MCE as oil drills pick up; GNG could profit from energy transition theaustralian.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theaustralian.com.au Daily Mail and Mail on Sunday newspapers.
88 Energy has successfully completed a bookbuild to domestic and international institutional and sophisticated investors to raise A$14.9 million (equivalent to £8.59m). Funds will be directed towards the planned Icewine East 2023 exploration well targeting 1.03 billion bbls of oil, in addition to new ventures opportunities and working capital.