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88 Energy finds 1.77bn barrels of oil in Alaska

StockMarketWire.com

88 Energy has confirmed it has found the equivalent of 1.77 billion barrels of oil from its Project Icewine exploration in Alaska.

Found in the North Slope of Alaska, the AIM-listed exploration and developing company specifically found 1.4 billion barrels of this in the SeaBee formation.

The farm-out process for 2020 drilling will commence immediately.

At 1:38pm: (LON:88E) 88 Energy Ltd share price was +0.05p at 0.45p


Story provided by StockMarketWire.com