What happened to 88 Energy’s share price?

Project Peregrine is an oil field in Alaska. The purchase cost 88 Energy $18 million, which it can pay in shares. While the news seemed positive, it drove the 88 Energy share price to close 9% lower. Then, on 21 June, 88 Energy announced it was about to pay off its US$16.1 million of outstanding debt.

What does 88 energy do?

88 Energy Ltd. is an oil and gas exploration company, which engages in the exploration and development of mineral properties. It operates through Oil and Gas Exploration in Alaska, USA and Oil and Gas Production in Texas, USA. The company was founded on February 21,1996 and is headquartered in Subiaco, Australia.

Where is 88 Energy Ltd headquartered?

It operates through Oil and Gas Exploration in Alaska, USA and Oil and Gas Production in Texas, USA. The company was founded on February 21,1996 and is headquartered in Subiaco, Australia. EEENF | Complete 88 Energy Ltd. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.