88 Energy has completed an equity raise

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.

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.