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88 Energy's Augusta-1 well on track for Q1 2027 to test 133.7M barrels in Alaska's North Slope

Market News
20 May 2026
Proactive Investors
View Source
Bullish
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88 Energy Ltd announced that its Augusta-1 exploration well at South Prudhoe on Alaska's North Slope is scheduled to begin drilling in the first quarter of 2027. The well aims to test up to 133.7 million barrels of gross unrisked prospective resources across multiple reservoir targets. The company has secured necessary rig and infrastructure access to reduce costs and complexity, and is actively pursuing farm-out partners to share drilling risks and capital. This project is a key priority for 88 Energy as it advances permitting and logistics preparations.

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