88 Energy has completed an equity raise

November 2023 — 88 Energy Ltd. has raised funds to undertake Hickory-1 flow test operations during the upcoming winter operational season in Alaska.

88 Energy is a dual-listed oil and gas exploration and production company with a North American focus, with established operator exploration interests in onshore Alaska and non-operator production interests in onshore Texas. The company has been operating on the North Slope of Alaska since 2015 across multiple exploration wells under a large acreage position.

Our role in the transaction

Oaklins Cavendish, based in the UK, acted as nominated advisor and sole broker in the UK for 88 Energy Ltd. on its oversubscribed US$6.6 million equity raise.