88 Energy amends Namibia venture agreement as it focusses on Alaska

88 Energy Ltd (AIM:88E, ASX:88E, OTCQB:EEENF, FRA:POQ) announced it has secured its 20% working interest in Namibia's PEL 93 on an unconditional basis while cutting about US$15 million of minimum future funding exposure under an amended farm-in agreement. The AIM- and ASX-listed explorer said the revised deal with operator Monitor Exploration cancels Stage 2 and Stage 3 farm-in obligations, removes reassignment risk and simplifies the original commercial structure.