People are Googling 88 Energy (ASX:88E), with this stock ranking in the 16th place for finance-related searches on Google in Australia today.

88 Energy is an ASX listed company, is focused on exploring and developing oil and gas resources in Alaska, predominantly in the Project Peregrine and Project Icewine acreage. Their operations include drilling, evaluating, and potentially producing hydrocarbons within their assets in the North Slope of Alaska. The company's objectives include discovering and commercializing significant reserves through exploration, appraisal, and development programs, while upholding the principles of environmental responsibility and sustainability.

The trending news today about this stock relates to 88 Energy telling investors it has successfully intersected the first three of its reservoir targets in the Hickory well onshore Alaska, with well data indicating the presence of hydrocarbons.

The company, in a statement, said that the drilling had reached around 8,820 feet and had so far encountered all three of the ‘SMD’ reservoir targets (SMD-A, B and C).

It said that it saw oil shows, elevated mud gas readings along with other data indicators which suggest potential hydrocarbon pay.