Ann: Trading Halt, page-14

Joe Biden has signed an executive order to block drilling in the ANWR region. 88E's holdings currently being drilled are in NPRA.

https://www.adn.com/business-economy/energy/2021/01/20/biden-plans-to-block-drilling-in-arctic-refuge-shortly-after-taking-office/
David Wall, head of Australia-based 88 Energy, owner of a subsidiary that was issued a single tract in the refuge, said he hopes to develop tracts held by the company on state land, just west of the refuge. That might allow his company to drain oil from beneath the refuge, without setting foot within it. He said Biden can halt drilling in the refuge, but the next president might open it back up again. “It’s obvious (Biden) would do something like this,” Wall said. “It’s not that concerning to us.” He said the company is focused on the long-term. “Nothing is permanent,” Wall said.