88 Energy has received commitments to raise $5 million through a share placement to fund the evaluation of the company's assets in Alaska, including the Charlie-1 appraisal well.
Alaska-focused oil and gas explorer 88 Energy, formerly Tangiers Petroleum, has announced it will raise $6.75 million through a share placement to fund operations at its flagship Project Icewine venture.
Shares in oil and gas explorer 88 Energy have surged after the company completed an oversubscribed $25 million capital raising to fund ongoing work at its Icewine project in Alaska.