88 Energy Ltd (LON:88E) has told investors that it wont be having a physical AGM and instead it will take place online, via webcast, as the explorer seeks to comply with Australias coronavirus (COVID-19) social distancing rules.
Amid a ban on public gatherings, the company said in a statement: “88 Energy understands the importance of the AGM to its shareholders, however the health and safety of shareholders, employees and the broader community is paramount.”
READ: 88 Energys Charlie well sees shows in multiple horizons[hhmc]
“88 Energy appreciates the understanding of shareholders as it navigates this rapidly evolving situation in relation to the COVID-19 virus,” it added.
The AGM is due to take place on 9 April at 10:00am Perth time, or 3:00am London time (GMT+1).
On Tuesday this week, 88 Energy reported that the Charlie-1 well has reached target depth and it encountered shows and elevated log responses over several horizons.
The company, in a statement, said that the logging data to date is “largely consistent” with what was recorded at the Malguk-1 well, which was drilled in 1991 by BP.
The well programme is partnered with Premier Oil PLC (Read More – Source
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