Dec 4 (Reuters) - 88 Energy Ltd 88E.AX :
* 88 ENERGY - EXECUTED DEFINITIVE DOCUMENTS WITH ALASKA PEREGRINE DEVELOPMENT REGARDING FARMOUT OF ITS PROJECT PEREGRINE
* 88 ENERGY LTD- APDC TO EARN 50% IN PROJECT PEREGRINE BY CONTRIBUTING US$11.3M (NYSE:MMM) TOWARDS COST OF MERLIN-1 WELL
* 88 ENERGY LTD - 88E TO CONTRIBUTE $1.3M, REPRESENTING ITS 50% SHARE OVER AND ABOVE A US$10M CARRY
* 88 ENERGY LTD - ALL ADDITIONAL COSTS ASSOCIATED WITH PROJECT ABOVE US$10M CARRY WILL BE BORNE EQUALLY BY APDC AND 88E