South America / GoM
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27 Mar 26 |
US: 88 Energy announces successful placement to raise A$5 million 88 Energy has successfully completed a bookbuild to domestic and offshore institutional and sophisticated investor, raising approx. A$5.0 million (approx. £2.6 million) before costs. The funds raised will strengthen the Company's balance sheet and accelerate key pre-drilling activities, including permitting and well planning for the Augusta-1 exploration well, currently scheduled to spud in Q1 2027. |
