Proactive Investors
18 May 2026, 06:52 UTC · 3d ago
88 Energy upgrades estimates for South Prudhoe project
Source · https://www.proactiveinvestors.co.uk/companies/news/1092446
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Proactive Investors
18 May 2026, 06:52 UTC · 3d ago
Source · https://www.proactiveinvestors.co.uk/companies/news/1092446
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88 Energy upgraded total gross unrisked 2U prospective resources at its South Prudhoe project in Alaska by roughly 35% to 768.9 million barrels of oil and natural gas liquids. — A 35% upgrade to the total resource base significantly increases the potential valuation and upside for the company's core asset, strongly impacting investor risk appetite for the stock.
+0.80Nordic Rig-3 has been secured for the priority Augusta-1 exploration well, with drilling planned for the CY2027 Alaskan winter season. — Securing a rig and confirming a drilling timeline de-risks the transition from resource estimation to actual catalyst execution, providing a tangible near-term event for investors to price in.
+0.65The Ivishak estimate for the North-West Hub increased approximately 44% to 69.9 million barrels gross unrisked 2U, with the Augusta-1 well designed to test up to 133.7 million barrels gross unrisked 2U across multiple intervals. — The substantial upgrade of the Ivishak interval and a large multi-reservoir drill target for Augusta-1 specifically boost the anticipated value of the upcoming exploration campaign.
CellBXHealth is in advanced talks with one of the largest private US healthcare providers to deploy its Parsortix cancer diagnostic platform. — Advanced talks with a major US healthcare provider represent a significant potential commercial catalyst and revenue inflection point for the small-cap diagnostics firm.
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The company is in advanced talks with a major US healthcare provider and guided for a 50% revenue increase.
The company upgraded its prospective oil and gas resources by approximately 35%.
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