MARKETS

88 Energy picks up Permian Basin leases

ASX-listed 88 Energy has acquired around 73% of a non-operated working interest across nine leases comprising Project Longhorn in the Texas Permian Basin owned by a company called Lonestar I.

File photo: US Currency

File photo: US Currency

88E has also picked up a 75% ownership stake in Bighorn Energy LLC, the owner of the assets comprising Project Longhorn, operated by Lonestar I. The latter will retain a 24% net working interest and...

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