88 Energy Ltd (LON:88E, AS:88E) told investors that analysis of the fracture system in the Icewine-2 well suggests there’s been no degradation during the winter shut in period.
As result, no remedial work will be needed prior to the restart of the well programme. The company added that it remains on-track to resume well testing operations next week, on June 11.
The programme at the Project Icewine-2 well seeks to test whether the HRZ shale discovery can be produced at commercially viable rates.
READ: 88 Energy primed for catalysts as well operations restart in Alaska
A week ago, the company provided similar reassurance following the analysis of new pressure readings.
Planned well operations are being designed to remove an additional 4,000 barrels of fluid from the HRZ reservoir, using nitrogen lift. The company expects this will allow hydrocarbons to flow naturally from the shale to surface.
88 Energy said it expects the process to take between ten and 14 days to complete.