88 Energy selects location for Hickory-1 well
"We continue to advance our Icewine East acreage towards the planned drilling of an exploration well next year,” said managing director Ashley Gilbert
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 has two estimates for Project Icewine Resource in Alaska
The estimates cover separate and independently mapped resources
88 Energy to raise A$14.9mln in placing to fund Icewine East exploration well
88 Energy is the operator of project Icewine with a 75% working interest
How did 88 Energy get its oil estimate?
Seemingly, a lot of 88’s estimates are built on nearby Pantheon Resources wells
88 Energy to raise at least A$10mln; estimate suggests it could be sitting on 1bn-barrel resource in Alaska
The group will look to raise A$10mln via a placing, plus up to another A$4.99mln in potential over-subscriptions
88 Energy confirms cash position and Texas production growth whilst investors eye neighbour’s well
Whilst Pantheon's well is in the spotlight, 88 Energy confirmed it had cash and said a programme of well workovers is growing production in Texas
88 Energy inks data deal to boost Icewine ahead of fresh farm-out efforts
A farm-out process seeks partnerships to support well drilling on Alaska's North Slope
88 Energy boosted as consultants complete mapping exercise at Icewine
Consultants saw similarities between Icewine and the nearby successes at Pantheon Resources projects.
88 Energy’s Texas wells put cash in the bank
New production, well programme completed, and more progress with Project Icewine
88 Energy gets early production lift at newly acquired Texas assets
A workover by Lonestar, the operator, immediately boosted oil and gas production rates
88 Energy expects new Icewine resource estimates in Q2
The explorer is working on plans for its forward work plans in Alaska
88 Energy’s Merlin-2 well result disappoints
The exploration share fell as disappointing latest results dash previously high expectations.
88 Energy completes Merlin-2 well in rapid time, wireline logging to start
"We look forward to results from the pending wireline program, which is set to be conducted over the next 7 to 10 days"
88 Energy says Merlin-2 well now en route to target depth
Target depth is expected to be reached in two weeks
88 Energy flying at Merlin-2 well in Alaska
Drilling began last week at the Merlin well, on Alaska's North Slope
88 Energy tipped as a ‘buy’ as high impact drilling gets underway in Alaska
Stockbroker Cenkos sees a valuation of 13.6p for the exploration company as it drills "one of the biggest wells of 2022".
88 Energy kicks off Merlin-2 appraisal well drilling
The appraisal well will test targets estimated at some 652mln barrels of oil.
88 Energy eyes resource update at Icewine amidst neighbour's success
88 Energy said the prospective resource report for Project Icewine is expected in the first half of 2022.
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88 Energy set to spud Merlin well next week
“Success at Merlin-2 has the clear potential to be transformational for our shareholders and we look forward to providing updates as the drilling of this appraisal well progresses," said chief executive Ashley Gilbert.