88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) has announced the successful close of its A$9.9 million equity raise, which it described as oversubscribed..
US: 88 Energy announces successful placement to raise A$9.9 million energy-pedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energy-pedia.com Daily Mail and Mail on Sunday newspapers.
88 Energy reports that the Alaskan Department of Natural Resources (DNR), Oil and Gas Division, has approved the formation of the Toolik River Unit over the western and central Project Phoenix lease area. Approval of the Toolik River Unit and plan of exploration will enable the JV to assess the potential commercialisation of the acreage and a pathway to development and production.