By Kyle Morris
88 Vitality Ltd. mentioned Tuesday that the Alaskan Pure Sources Division has authorised the formation of the Toolik River Unit over the western and central mission Phoenix lease space.
The London- and Australia-listed oil-and-gas firm mentioned the approval has prolonged the leases past their main time period, with the unit plan of exploration by way of to February 2028.
Write to Kyle Morris at kyle.morris@dowjones.com