88 Energy to cash out tax credits; sale made to large US company
Steve Sutherlin Petroleum News
88 Energy Ltd has entered into an agreement to sell outstanding Alaska oil and gas production tax credit certificates with a face value of $19.1 million, for $18.7 million, the company said in a June 21 release.
The proceeds of the sale will be applied toward full repayment of the company’s outstand....
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