The 88 Energy [ASX:88E] share price is up following a $24 million placement to fund drilling of Merlin-2 appraisal well. 88E’s share price is currently up 6%.
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Since this time last week, 88 Energy's share price has fallen in price by a further 12%, after a 36% drop during trading last Wednesday, triggered by poor final report on their winx-1 project.
At time of writing, the share price of 88 Energy Limited [ASX:88E] has been savaged, dropping 44%, trading at 1.4 cents. It comes on the back of a final report on its Winx-1 project.
After releasing the operations update of its Winx-1 project today, 88 Energy Ltd [ASX:88E] saw a significant drop in share price. At the time of writing, 88 Energy’s share price is trading at $0.015, down 16.67%.