88 Energy Limited Provides Quarterly Update
Why we think this is neutral
This quarterly report from 88 Energy Limited does not contain any major news or updates that would significantly impact the company's performance or outlook. The report provides a routine update on the company's cash flows, exploration activities, and corporate matters.
Key Points
- Cash balance of A$8.05 million at 30 June 2025
- Exploration and evaluation expenditure of A$0.7 million during the quarter
- Ongoing planning and permitting for the Tiri-1 exploration well in Alaska
- Updates on Project Phoenix, PEL 93 in Namibia, and potential divestment of Project Longhorn in Texas
Summary
The energy company has released its quarterly report, detailing cash flows, exploration progress, and corporate activities.
88 Energy Limited has published its quarterly report for the period ended 30 June 2025. The report highlights cash balance of A$8.05 million at the end of the quarter, exploration and evaluation expenditure of A$0.7 million, and ongoing planning and permitting activities for the Tiri-1 exploration well in Alaska. The company also provided updates on its other projects, including Project Phoenix, PEL 93 in Namibia, and the potential divestment of Project Longhorn in Texas.
Key Dates
Q2 2026
Planned horizontal well test at Project Phoenix
2026
Potential exploration well at PEL 93, Namibia
GENERAL UPDATE