Project Icewine Conventional Farmout Update
Updated : 07:05
26th June 2019
88 Energy Limited
Project Icewine Conventional Farmout Update
88 Energy Limited (ASX: 88E) ("88 Energy" or the "Company") provides the following update related to the farmout process for its conventional prospect portfolio at Project Icewine, located on the Central North Slope, Alaska.
Highlights
· Farminee internal approvals complete, including Board sign-off
· Farm-out deal now subject to:
o execution of closing documents
o standard conditions precedent, mainly related to transfer of working interests
· Well planning and permitting required for 2020 drilling now ramping up
Additional details will be provided post signing.
Media and Investor Relations:
88 Energy Ltd
Dave Wall, Managing Director Tel: +61 8 9485 0990
Email: admin@88energy.com
Finlay Thomson, Investor Relations Tel: +44 7976 248471
Hartleys Ltd
Dale Bryan Tel: + 61 8 9268 2829
Cenkos Securities Tel: + 44 131 220 6939
Neil McDonald/Derrick Lee
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