88E snaps up more Alaskan leases

ALASKA-focussed 88 Energy has executed a sale and purchase agreement to acquire the Umiat Oil Field from Malamute Energy and Renaissance Umiat, in the US state’s prolific North Slope.

88E snaps up more Alaskan leases 88E snaps up more Alaskan leases 88E snaps up more Alaskan leases 88E snaps up more Alaskan leases 88E snaps up more Alaskan leases

Umiat field could add ‘significant value’

88E this morning released the details of the agreement, noting the field holds a historic oil discovery in shallow Brookian sandstones made in 1945 and is immediately adjacent to the southern boundary