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88 Energy chief hails “very encouraging” results from Icewine project

88 Energy (LON:88E) announced better than expected permeability test results it has now crossed off two of three potential ‘Achilles heels’ of its new shale play in Alaska.

Speaking to Proactive, chief executive Dave Wall, says that results received so far are “either very, very, close to or have exceeded expectations.”

Results are from the matrix permeability tests on samples recovered from the HRZ shales in the Icewine-1 well, which Wall says are “very encouraging”.

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Price: 0.91 GBX

AIM:88E
Market: AIM
Market Cap: £62.53 m
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Investor Update: 88 Energy completes Premier Oil farm-out in Alaska

Headlines from the Proactive UK newsroom. 88 Energy (LON:88E) has completed its farm-out with Premier Oil for its acreage in Alaska. The Alaska Department of Natural Resources has also approved the Plan of Operations for the Charlie-1 appraisal well with spudding scheduled for next...

2 weeks, 1 day ago

2 min read