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88 Energy Ltd shares join OTCQB market in US ahead of Alaska well

“The OTCQB quotation provides 88 Energy with access to the world’s largest investment market,” said managing director Ashley Gilbert

88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) shares began trading on the OTCQB market in the United States, ahead of the expected spud of the explorer’s Alaskan well next month.

In a stock market statement, 88 Energy said the shares debuted on the OTCQB market on January 19, under the ticker code EEENF.

The company said the US listing enhances accessibility to North American investors and adds liquidity for 88 Energy equity.

“The OTCQB quotation provides 88 Energy with access to the world’s largest investment market,” said managing director Ashley Gilbert.

“Given 88 Energy’s portfolio of oil and gas assets is focused solely on the North Slope of Alaska, it was an obvious next step to upgrade to the OTCQB market, especially given the strong trade in 88 Energy stock through the OTC pink sheets throughout 2021.

Gilbert added: “88 Energy is at an exciting stage with the anticipated spud of the Merlin-2 appraisal well in February 2022, as well as the significant activity planned across our portfolio in 2022, so we are excited to be broadening our exposure in the global investment community.”

The 88 Energy boss said there will be an active investor engagement programme following the new listing to ensure the investment case and growth prospects are well understood amongst all current and prospective shareholders.

No new 88 Energy shares have been issued with the new listing.

Read More: 88 Energy Ltd shares join OTCQB market in US ahead of Alaska well

2022-01-21 01:57:00

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