88 Energy boosts Alaska oil prospects and advances farm-out as cash reserves hold steady

  • 88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) reported steady progress across its global oil and gas portfolio in the quarter to 30 June. At Project Leonis in Alaska, the company expanded its resource base with new lease awards and updated seismic data, now estimating a combined net mean prospective resource of 664 million barrels of oil across the Canning and Upper Schrader Bluff prospects.