88 Energy adds to acreage on Alaska North Slope
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88 Energy Ltd has successfully bid for new license blocks adjacent to its Project Leonis in Alaska, expanding its acreage significantly.
December 12, 2024 | 8:15 am
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POSITIVE IMPACT
88 Energy Ltd has been declared the highest bidder for new license blocks adjacent to its Project Leonis in Alaska, expanding its acreage to 35,634 acres.
The acquisition of new license blocks adjacent to Project Leonis significantly increases 88 Energy's land holdings, which could enhance its exploration and production potential. This expansion is likely to be viewed positively by investors, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100