OPERATIONS

88E receives ELKO backing as Merlin-1 reaches "critical phase"

ALASKA-focussed 88 Energy reported Monday its Merlin-1 production well campaign has reached a critical phase, as the company enters into a share subscription agreement with one of the key contractors of the operation - boosting shareholder confidence.

88E receives ELKO backing as Merlin-1 reaches "critical phase"

The ASX-listed company is carried for the first US$10 million of an estimated US$12.6 million total cost, in exchange for a 50% working interest in the project as part of a farmout agreement with Alaska...

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A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Energy News Bulletin Intelligence team.

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