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Arctic Fox spuds 88 Energy’s Icewine well in Alaska

88 Energy's Icewine prospect
88 Energy's Icewine prospect

Australian oil firm 88 Energy said today that a well had been spudded on its Icewine asset in Alaska.

Perth-based 88 Energy, which owns 77.5% of Icewine, said the Arctic Fox rig started drilling the production test well last night.

Production testing remains on schedule for late June or early July, the London-listed firm said.

88 Energy managing director Dave Wall said: “The spud of Icewine#2 represents another milestone for the Company and its shareholders and we now look forward to a safe operation, above all else.

It is only a few short weeks before production testing begins, which could unlock the huge resource potential of the HRZ shale play.”

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