88 Energy (ASX:88E/LON:88E), the oil exploration and appraisal company has had a good run of late. The company completed the drilling of the Merlin-1 well at Project Peregrine in Q1 2021, with post well evaluation successfully demonstrating the presence of light oil in multiple stacked targets.
Added to this, the share price increased over 200% in 2021 and while it is nowhere near its 52-week high of GBX4.0 in March 2021, shares are currently trading at GBX1.55.
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