88 Energy to Launch Horizontal Well and Production Test at Alaska’s Project Phoenix in 2026

Reuters

2025/11/26

88 Energy to Launch Horizontal Well and Production Test at Alaska's Project Phoenix in 2026

88 Energy Limited has provided an update on Project Phoenix, its advanced conventional oil and gas venture on Alaska's North Slope, where the company holds a 75% working interest. Under a farmout agreement with Burgundy Xploration LLC, 88 Energy is fully carried for all costs related to the planned Franklin Bluffs-1H horizontal well and an extended production test scheduled for the third quarter of 2026. Burgundy has invested over US$26 million into the project and is advancing operational readiness, including key staffing and the appointment of Fairweather LLC for execution support. Additionally, Burgundy has secured new acreage in the region and agreed to pay 88 Energy for access to seismic data. The IPO process for Burgundy is underway, though recent U.S. government shutdowns have delayed SEC review timelines, leading 88 Energy to grant an extension for Burgundy to fulfill its farm-out agreement obligations until April 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 88 Energy Limited published the original content used to generate this news brief on November 25, 2025, and is solely responsible for the information contained therein.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

熱議股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hant","ssrTDKData":{"titleTemplate":"%s - 老虎證券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎證券,老虎證券開戶,老虎券商,老虎證券官網,老虎證券app,tigertrade老虎證券,股票,炒股,新加坡股票交易平臺,投資,投資理財","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hant/news/2586043344"},"companyName":"老虎證券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2586043344\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2586043344?lang=zh_TW&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-11-26 06:08","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2586043344","market":"nz","top_or_hot":-1,"title":"88 Energy to Launch Horizontal Well and Production Test at Alaska’s Project Phoenix in 2026","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      88 Energy to Launch Horizontal Well and Production Test at Alaska's Project Phoenix in 2026\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        88 Energy Limited has provided an update on Project Phoenix, its advanced conventional oil and gas venture on Alaska's North Slope, where the company holds a 75% working interest. Under a farmout agreement with Burgundy Xploration LLC, 88 Energy is fully carried for all costs related to the planned Franklin Bluffs-1H horizontal well and an extended production test scheduled for the third quarter of 2026. Burgundy has invested over US$26 million into the project and is advancing operational readiness, including key staffing and the appointment of Fairweather LLC for execution support. Additionally, Burgundy has secured new acreage in the region and agreed to pay 88 Energy for access to seismic data. The IPO process for Burgundy is underway, though recent U.S. government shutdowns have delayed SEC review timelines, leading 88 Energy to grant an extension for Burgundy to fulfill its farm-out agreement obligations until April 2026.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 88 Energy Limited published the original content used to generate this news brief on November 25, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>88 Energy to Launch Horizontal Well and Production Test at Alaska’s Project Phoenix in 2026</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n88 Energy to Launch Horizontal Well and Production Test at Alaska’s Project Phoenix in 2026\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-11-26 06:08</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      88 Energy to Launch Horizontal Well and Production Test at Alaska's Project Phoenix in 2026\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        88 Energy Limited has provided an update on Project Phoenix, its advanced conventional oil and gas venture on Alaska's North Slope, where the company holds a 75% working interest. Under a farmout agreement with Burgundy Xploration LLC, 88 Energy is fully carried for all costs related to the planned Franklin Bluffs-1H horizontal well and an extended production test scheduled for the third quarter of 2026. Burgundy has invested over US$26 million into the project and is advancing operational readiness, including key staffing and the appointment of Fairweather LLC for execution support. Additionally, Burgundy has secured new acreage in the region and agreed to pay 88 Energy for access to seismic data. The IPO process for Burgundy is underway, though recent U.S. government shutdowns have delayed SEC review timelines, leading 88 Energy to grant an extension for Burgundy to fulfill its farm-out agreement obligations until April 2026.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 88 Energy Limited published the original content used to generate this news brief on November 25, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"88E.AU","symbol_name":"88 ENERGY LTD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251125:nNDL13D6v0:1","article_id":"2586043344","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2586043344","pubTimestamp":1764108486,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"88 Energy Limited has provided an update on Project Phoenix, its advanced conventional oil and gas venture on Alaska's North Slope, where the company holds a 75% working interest. Under a farmout agreement with Burgundy Xploration LLC, 88 Energy is fully carried for all costs related to the planned Franklin Bluffs-1H horizontal well and an extended production test scheduled for the third quarter of 2026. Burgundy has invested over US$26 million into the project and is advancing operational readiness, including key staffing and the appointment of Fairweather LLC for execution support. Additionally, Burgundy has secured new acreage in the region and agreed to pay 88 Energy for access to seismic data. The IPO process for Burgundy is underway, though recent U.S. government shutdowns have delayed SEC review timelines, leading 88 Energy to grant an extension for Burgundy to fulfill its farm-out agreement obligations until April 2026.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"88E.AU":"88 ENERGY LTD","BK7142":"石油与天然气的勘探与生产"},"translate_title":"88 Energy将于2026年在阿拉斯加Phoenix项目启动水平井和生产测试","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"88E.AU":0.9},"content_text":"88 Energy to Launch Horizontal Well and Production Test at Alaska's Project Phoenix in 2026\n    \n\n        88 Energy Limited has provided an update on Project Phoenix, its advanced conventional oil and gas venture on Alaska's North Slope, where the company holds a 75% working interest. Under a farmout agreement with Burgundy Xploration LLC, 88 Energy is fully carried for all costs related to the planned Franklin Bluffs-1H horizontal well and an extended production test scheduled for the third quarter of 2026. Burgundy has invested over US$26 million into the project and is advancing operational readiness, including key staffing and the appointment of Fairweather LLC for execution support. Additionally, Burgundy has secured new acreage in the region and agreed to pay 88 Energy for access to seismic data. The IPO process for Burgundy is underway, though recent U.S. government shutdowns have delayed SEC review timelines, leading 88 Energy to grant an extension for Burgundy to fulfill its farm-out agreement obligations until April 2026.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 88 Energy Limited published the original content used to generate this news brief on November 25, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}