Past year: ▼ 2%(1.80c – 3.60c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
31 Aug 2026regulatory community update▲ GoodMajor
The PEL 93 joint venture applied to enter the Second Renewal Exploration Period from 3 October 2026, proposing at least one exploration well and relinquishing 50% of the area. Prospect 9 is confirmed as top target; ReconAfrica's nearby Kavango West 1X flows support the basin. Renewal is not yet granted.
27 Aug 2026half year report● Neutral
Half-year to 30 June 2026: net loss A$1.78m (A$20.5m a year earlier), cash A$8.2m, no debt. Capitalised exploration assets are A$79.1m. Income was mainly interest and Burgundy amendment fees; no production.
6 July 2026investor presentation● Neutral
July 2026 presentation on the Augusta-1 well and pathway to spud. The supplied text is only the cover and disclaimer, with no new information shown.
20 May 2026drilling scheduled▲ Good
Augusta-1 on track for Q1 2027 spud, with the location finalised and a Nabors 58-man camp contracted alongside the rig. It targets 133.7 MMbbl gross 2U (111.4 net), 48% chance of success. Farm-out talks continue with multiple parties; funding is not yet secured.
18 May 2026resource reserve update▲ GoodMajor
South Prudhoe gross 2U prospective resource was raised to 768.9 MMbbl (640.7 net), up from 507 MMbbl gross in February. It adds a maiden 181.5 MMbbl Brookian estimate and lifts the north-west Ivishak estimate about 44% to 69.9 MMbbl. Augusta-1 now targets up to 133.7 MMbbl.
11 May 2026farm in farm out agreement▲ GoodMajor
PEL 93 farm-in amended: 88E's 20% interest is now fully earned and unconditional, and Stage 2 and 3 obligations are cancelled, cutting minimum exposure by about US$15m. Monitor's survey interpretation confirms Lead 9 as a drilling candidate. This resolves the earlier staged-funding thread.
7 May 2026contract award▲ GoodMajor
Nordic Rig-3 contracted for Augusta-1 (64 MMbbl 2U gross at the time), with a US$395k commitment fee. Spud is planned for Q1 2027 winter, still subject to funding via a farm-out. This delivers the rig contract targeted for Q2 2026.
27 Apr 2026joint venture update● NeutralMajor
88E extended Burgundy's Phoenix funding deadline to 30 September 2026, as Burgundy's US IPO review ran longer. Burgundy pays US$100k now plus US$300k toward the Icewine data, and 88E gets lease security. Franklin Bluffs-1H spud slips to Q1 2027 (previously Q3 2026).
7 Apr 2026regulatory community update▲ Good
88 Energy obtained the Kad River 3D seismic dataset covering all seven Kad River East leases (~17,920 acres, 100% WI). Interpretation is planned for H1 2026, with a maiden prospective resource estimate expected 2H 2026. This delivers the 3D purchase flagged for March.
30 Mar 2026drilling scheduled▲ Good
Permitting and planning started for Augusta-1, targeting 64 MMbbl (2U gross) in Ivishak and Kuparuk, with three possible locations. Rig contract expected Q2 2026, spud Q1 2027, subject to funding. Farm-out is targeted for Q3 2026, with multiple parties in the data room.
27 Mar 2026capital raising announcement▲ GoodMajor
Raised about A$5.0m from institutional investors at A$0.029 per share, heavily oversubscribed. Funds go to permitting, well planning and rig contracting for the Augusta-1 exploration well, targeted for Q1 2027 and subject to funding. Adds cash to the A$6.8m held at December.
23 Mar 2026annual report● Neutral
Annual report for the year to 31 December 2025. The excerpt restates known matters: the Burgundy Phoenix carry of up to US$39m, South Prudhoe resource update, 14 new leases and PEL 93 extension to 2 October 2026. Financial statements not in the supplied text.
23 Mar 2026annual report● Neutral
Appendix 4G and corporate governance statement lodged with the annual report, for the year to 31 December 2025. Administrative compliance filing with no substantive new information.
10 Mar 2026security holder rights change● Neutral
Small holding sale facility completed: 46,139,641 shares held by 6,049 holders were sold, with proceeds expected to be paid around 20 March 2026. This resolves the facility opened in June 2025 and cuts the company's administrative costs.
9 Mar 2026investor presentation● Neutral
March 2026 corporate presentation themed on a 'sharpened strategy' for Alaska. The supplied text contains only the disclaimer and cover, with no new figures shown.
9 Mar 2026price query● Neutral
ASX queried the share price rising from A$0.022 to A$0.045 on heavy volume on 9 March. 88 Energy replied it knew of no unannounced information explaining the move and was complying with Listing Rule 3.1.
19 Feb 2026resource reserve update▲ GoodMajor
Internal estimate for the consolidated 52,269-acre South Prudhoe acreage: gross best-estimate prospective resource of 507 MMbbl (422 MMbbl net), with maiden Ivishak and Kuparuk estimates. This updates Leonis's earlier 664 MMbbl net mean. Farm-out talks target the Augusta prospect.
19 Feb 2026investor presentation● Neutral
NAPE conference presentation on South Prudhoe. The supplied text is only the disclaimer and title; it shows no new information beyond the same-day resource update.
10 Feb 2026joint venture update▲ Good
Namibia: operator Monitor plans an airborne gravity and magnetic survey over PEL 93 in Q1 2026. ReconAfrica's neighbouring Kavango West 1X found 64 m net pay, supporting the play. Farm-in partner talks are under way; no 88E drilling result.
27 Jan 2026regulatory community update▲ Good
88 Energy secured the Schrader Bluff 3D seismic dataset covering the north-west South Prudhoe acreage, to firm up prospects. An updated prospective resource estimate is due in Q1 2026, with drilling now scheduled for Q1 2027.
27 Nov 2025investor presentation● Neutral
November 2025 investor presentation giving a corporate overview of the Alaskan and Namibian assets. The excerpt contains only disclaimers, with no new information shown.
26 Nov 2025farm in farm out agreement● NeutralMajor
Phoenix: Franklin Bluffs-1H well now planned for Q3 2026. Burgundy filed confidentially for a US IPO; 88E extended its funding deadline from 31 December 2025 to 30 April 2026 after the US shutdown. Burgundy will pay US$2.4m for Icewine seismic data (US$150k now).
20 Nov 2025asset acquisition disposition▲ GoodMajor
88 Energy won fourteen new North Slope leases (~34,560 acres) in the state lease sale: seven South Prudhoe leases beside Prudhoe Bay and seven at Kad River East. This extends the Leonis footprint; a farm-out for a multi-zone well is underway.
26 Aug 2025half year report● Neutral
Half-year report to 30 June 2025. The excerpt restates known matters: the Burgundy Phoenix farm-out, four new Leonis leases and the Namibia interest. Financial figures were not in the supplied text. Routine reporting.
22 Aug 2025director officer appointment● NeutralMajor
Chairman Philip Byrne, in the role since August 2021, retired from the board on 22 August 2025. Director Joanne Williams, on the board since 2021, becomes Non-Executive Chair. The board is now three members: Williams, Ashley Gilbert and Dr Stephen Staley.
18 Aug 2025asset acquisition disposition● NeutralMajor
88 Energy signed a binding deal to sell its Longhorn Permian interest to operator Lonestar for US$3.25m, effective 1 July 2025, after Lonestar matched a third party's offer. It ends exposure to ~US$2m-per-well drilling costs; proceeds go to Alaska and Namibia.
1 Aug 2025security holder rights change● Neutral
Small holding sale result: 1,419 holders (10.35m shares) chose to keep their shares, and 860 others sold or topped up. The remaining 46,141,266 shares will now be sold by Euroz Hartleys.
2 July 2025joint venture update▲ GoodMajor
Namibia granted a 12-month extension of PEL 93 to 2 October 2026. A new Stage 1A programme (airborne gravity survey, resource report) is funded 50:50 with Monitor up to US$1m. Lead 9 (~100 sq km) is a priority; this advances the earlier ten-lead work.
18 June 2025security holder rights change● Neutral
Letter to small holders explaining the sale facility: do nothing to sell, or return a retention form by 30 July 2025 to keep shares. The company pays the brokerage. Repeats the 16 June announcement.
16 June 2025security holder rights change● Neutral
Sets up a sale facility for holders of parcels under A$500 (21,739 or fewer shares at A$0.023). About 8,329 of 12,113 holders qualify, together holding about 5.64% of shares. The company says it is to cut administration costs.
