Also awaiting on news of final outcome for Burgundy.
" Burgundy has informed the Company that it is continuing to finalise its fundraising program and will work with 88 Energy to cure the default, however at this time 88 Energy hasmade the decision to complete the Placement to secure funding arrangements for the flow test in theabsence of certainty of Burgundy’s ability to finance its share of the Hickory-1 activities. 88 Energymaintains its rights under the Joint Operating Agreement, including exercising the option to requireBurgundy to relinquish its working interests in the Project and Joint Venture "
Ann: Successful Placement to Raise A$9.9M, page-73
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Mkt cap ! $57.86M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 0.3¢ | 592032739 | 228 |
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