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MARKETS

88 Energy raises A$32 million

ASX-listed Alaskan North Slope player 88 Energy has today announced its successful completion of a placement earning it A$30 million to drill and flow test its Merlin-2 appraisal well, fund new ventures opportunities and provide general working capital.

Jonathon Davidson
File photo: a handshake

File photo: a handshake

The company will issue 914.2 million new shares at 3.5cps, a 10.3% discount to the VWAP for the month to February 9 2022.  The company recently received a permit to drill the Merlin-2 well from Alaskan...

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