88 Energy shuts down Icewine-2 programme for Alaskan winter
The explorer plans to carry out a new programme on Icewine-2 in the spring, once weather conditions are more favourable
Company
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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The explorer plans to carry out a new programme on Icewine-2 in the spring, once weather conditions are more favourable
88 Energy has traded 46 million shares in less than an hour this morning.
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88 Energy is flowing about 70 barrels of frack fluid per day from the Icewine-2 well, and the explorer believes it may now be getting contact with the targeted reservoir
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Investors eagerly await results from 88 Energy's Icewine well, where flow testing is due to kick off next week
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