88 Energy looks forward to restarting activity in Alaska
Flow testing operations are due to restart in the second quarter, but, first a new seismic programme will seek conventional oil potential in the Project Icewine area
Company
88 Energy Ltd
LON:88E
88 Energy Ltd is a multi-listed oil and gas exploration and production company with a North American focus. The company has operator exploration and appraisal projects in onshore Alaska and non-operator exploration in onshore Namibia. It has been operating on the North Slope of Alaska since 2015, successfully drilling multiple exploration wells and acquiring extensive seismic data across a large acreage position.
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88 Energy still ‘committed and confident’ in Alaska shale play as it expands Project Icewine footprint
“The leasing strategy has been designed to strike a balance between this confidence and available capital whilst we build towards completion of the flowback and production testing of the Icewine#2 well in 1H 2018."
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The programme won't resume until April or May 2018.
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88 Energy trades 15 million shares in first hour following Icewine update
88 Energy is one of the most active stocks on the ASX this morning.
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