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88 Energy Ltd

88 Energy's chief expects Icewine farm-out in a matter of weeks

88 Energy Ltd (LON:88E) managing director Dave Wall tells Proactive London's Andrew Scott they're closer to a deal in a farm-out process to bring a partner into the exploration of conventional prospects in the Project Icewine area.

Wall says a ‘preferred bidder’ has now been selected in the process, which launch last August, and, negotiations over a potential deal are now taking place.

He also discusses the recent Winx-1 exploration well disappointment as well as efforts to bring a partner into the HRZ shales discovery.

Quick facts: 88 Energy Ltd

Price: 0.82 GBX

Market: AIM
Market Cap: £56.35 m
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Full interview: 88 Energy talks up Charlie-1 appraisal well

88 Energy Limited (LON:88E, ASX: 88E) MD Dave Wall talks to Proactive London's Polly Middlehurst about their much-vaunted appraisal well dubbed 'Charlie-1'. Premier Oil (LON:PMO) recently acquired a 60% interest in so-called 'Area A' and has agreed to pay US$23mln of costs for the...

on 27/8/19

2 min read