MARKETS

88E pays off debt

ALASKA-focussed 88 Energy has completed the sale of its Alaskan Oil and Gas Tax Credits, using the proceeds to pay off the remainder of its outstanding debt.

Share price climbs nearly 10%

Share price climbs nearly 10%

The credits were held by its subsidiary, Accumulate Energy Alaska. The sale price came to US$18.7 million, $16.1 million of which went to the full repayment of its debt with FCS Advisors. The remainder...

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