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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| 88 Energy Limited | LSE:88E | London | Ordinary Share | AU00000088E2 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.002 | -1.25% | 0.158 | 0.155 | 0.16 | 0.1625 | 0.1575 | 0.1625 | 99,514,932 | 16:35:07 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | 0 | -14.44M | -0.0006 | 0.00 | 0 |
From May 2021 to May 2024
TIDM88E
RNS Number : 2917F
88 Energy Limited
15 July 2021
15 July 2021
This announcement contains inside information
88 Energy Limited
100% Working Interest in Project Peregrine
88 Energy Limited ("88 Energy" or the "Company", ASX:88E, AIM:88E, OTC:EEENF) is pleased to advise that in relation to the agreement with Alaska Peregrine Development Company LLC (APDC) for the acquisition of a 50% working interest in Project Peregrine (as announced to ASX on 7 June 2021), the final total number of shares issued to APDC was 633,457,196, which was 190,634,537 lower than originally projected. The reason for the lower final total was that the shares were issued in several tranches and were subject to a final reconciliation mechanism (as outlined in the ASX announcement).
No further shares are to be issued under the agreement and APDC has now received the full upfront consideration for its 50% working interest in Project Peregrine. APDC has also paid all outstanding cash calls due in relation to the Merlin-1 well.
88 Energy now holds a 100% working interest in Project Peregrine, located on the North Slope of Alaska.
The new capital structure of the Company is below:
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Premium
Issued Capital - Shares
Ordinary Fully Paid Shares 13,544,547,627
---------------
Total Issued Capital 13,544,547,627
---------------
APDC has also paid all outstanding cash calls due in relation to the Merlin-1 well.
Media and Investor Relations:
88 Energy Ltd Tel: +61 8 9485 0990 Ashley Gilbert, Managing Director Email: investor-relations@88energy.com Finlay Thomson , Investor Relations Tel: +44 7976 248471 Fivemark Partners , Investor and Tel: +61 410 276 744 Media Relations Tel: +61 422 602 720 Andrew Edge / Michael Vaughan EurozHartleys Ltd Tel: + 61 8 9268 2829 Dale Bryan Cenkos Securities Tel: + 44 131 220 6939 Neil McDonald / Derrick Lee
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END
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(END) Dow Jones Newswires
July 15, 2021 02:00 ET (06:00 GMT)
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