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.
22 July 2026quarterly activities report▲ Good
June quarter report: cash A$8.2m at 30 June. Restates the 768.9 MMbbl South Prudhoe upgrade, the Augusta-1 rig and camp, and the PEL 93 amendment. Formal award of 14 fall leases (34,301 net acres) came on 15 July 2026, resolving the pending lease award.
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).
24 Apr 2026agm notice● Neutral
Notice of the AGM on 26 May 2026 at 10:00am AWST in Perth, with online access to the meeting materials. Administrative notice only.
16 Apr 2026quarterly activities report● Neutral
March quarter report: cash A$5.5m at quarter end, about A$10m pro forma with the A$5.0m placement received in April. South Prudhoe farm-out, Augusta-1 planning and the Phoenix well (H2 2026 at that point) progressed; PEL 93 gravity survey completed. Restates known items.
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.
2 Apr 2026agm notice● Neutral
Annual general meeting set for 26 May 2026 in Perth, including election of a director. Nominations close 13 April 2026. Administrative notice only.
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.
30 Jan 2026quarterly activities report● Neutral
December quarter: cash A$6.8m. Peregrine and Umiat leases relinquished, saving about A$0.7m a year, and South Prudhoe merged with Leonis into 52,269 acres. Burgundy's IPO deadline extended to 30 April 2026; ReconAfrica reported positive Kavango West-1X results.
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.
30 Oct 2025quarterly activities report● Neutral
September quarter: cash A$8.3m. Longhorn sale completed for US$3.25m before adjustments. Phoenix well targets mid-2026 spud, with Burgundy's funding deadline of 31 December 2025. Tiri-1 farm-out is ongoing, now for a well in Q1 2027.
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.
