88 Energy mobilises rig for Icewine exploration well
The well, Icewine 1, has a planned spud date in mid-October
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 well, Icewine 1, has a planned spud date in mid-October
The week's oil and gas highlights included LGO Energy, 88 Energy, Mosman, President Energy, VOG, Gulf Keystone, Tethys Petroleum
Investments and investor services
Mining and oil dominated the news in the world of small caps today
The authorities of America’s most northerly state signed off the lease plan of operations for the drilling of Icewine-1 – meaning it has now entered the exploration phase.
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Crude price talk was again in focus, but there was a smattering of corporate news dfrom the sector too....
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A look back at today's most notable news from the world of small caps...
The Aussie broker draws that conclusion from the extent of three prolific source rocks across the area’s North Slope.
Investments and investor services
It was a busy day in the small cap world with Gemfields garnering much attention...
Having dropped 35 points in early deals, the FTSE 100 had lost almost 90 points, or 1.4% to 6,139 by lunch.
Below are the main news driven share price movements at 1pm.
“We are now fully funded, with a rig. The last of the permits required are also falling into place," Dave Wall said.
Investments and investor services
A flurry of announcements from the consortium involved in Horse Hill got investors excited today.
Footsie falls 81 points as Chinese central bank cuts rates
88 Energy now owns an 87.5% stake in the Icewine exploration project in Alaska.
Footsie falls 81 points as Chinese central bank cuts rates
The FTSE 100 ended the day 102 points lower, 1.68% to 5,979