XCD prepares for 88E takeover

XCD Energy’s board has again recommended its shareholders accept the takeover bid by 88 Energy, as it updated the volumes and risks associated with its Peregrine Project on Alaska’s North Slope, and announced a reduction in royalties.

XCD prepares for 88E takeover XCD prepares for 88E takeover XCD prepares for 88E takeover XCD prepares for 88E takeover XCD prepares for 88E takeover

Updates Peregrine project resources

 

The company has released the findings of its Independent Prospective Resources Reported, completed by ERC Equipoise in January.

  • FREE coverage of the coronavirus pandemic. Visit our COVID-19 hub
  • NEW: 2020 Social Licence Report - where is the industry heading? Read more
  • EMAGAZINE: ENB's latest special print edition is now online. Read here