06/08/2019 - 10:01

88 Energy secures bidder for Alaskan oil farmout

06/08/2019 - 10:01


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88 Energy and partner Burgundy Xploration have signed an exclusivity agreement with the preferred bidder for the farmout of the conventional rights for their project known as “Project Icewine” in Alaska’s North Slope oil province. The bidder will pay USD$500,000 for initial agreed costs relating to the 2020 drilling program to secure exclusivity over the rights to 31 August 2019.

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