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88 Energy boosts South Prudhoe project resources by 35% to 769 million barrels in Alaska

Market News
18 May 2026
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Bullish
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88 Energy Ltd has increased its estimated gross unrisked 2U prospective resources for the South Prudhoe project in Alaska by about 35%, now totaling 768.9 million barrels of oil and natural gas liquids. This upgrade includes a maiden Brookian prospective resource and a significant increase in the Ivishak estimate, especially for the Augusta prospect. The North-West Hub now holds 301.3 million barrels, and the South-East Hub 467.6 million barrels. The company plans to drill the Augusta-1 exploration well in the 2027 Alaskan winter season, aiming to test up to 133.7 million barrels gross unrisked 2U resources.

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