88 Energy cashed up for Alaskan spud

AUSTRALIAN-headquartered oil company 88 Energy has raised A$10.07 million through a placement to fund exploration and appraisal at its Peregrine Project on the North Slope of Alaska.

88 Energy cashed up for Alaskan spud 88 Energy cashed up for Alaskan spud 88 Energy cashed up for Alaskan spud 88 Energy cashed up for Alaskan spud 88 Energy cashed up for Alaskan spud

Image from file.

88 Energy told the market yesterday it planned to raise the cash through a placement of 1.678 billion new shares, on offer at 0.6 cents each. On Thursday, the placement successfully closed.