88 Energy said it was encountering persistent oil shows in and above the critical HRZ shale interval of its Icewine play in Alaska.
88 Energy Limited said its Icewine #1 well in Alaska continues to remain within budget as it targets the HRZ shale formation and a huge unconventional resource prize.
88 Energy said initial hydrocarbon shows from drilling at its flagship Icewine #1 well in Alaska have been encouraging, both for conventional and unconventional plays being targeted.
Operations have restarted at 88 Energy's Icewine #1 prospect in Alaska after repairs to the drawworks were completed.
Cross-border visa issues for a engineer have added to delays for 88 Energy's plan to repair the drawworks on its Icewine #1 drilling project in Alaska.
Exploration company 88 Energy said it had received "overwhelming support" from investors who raised $3million to fund its purchase of extra acreage in Alaska.
88 Energy, which is currently drilling its flagship Icewine asset in Alaska, has expanded its footprint in the area after adding an additional 174,000 acres to its portfolio.
88 Energy continues to make progress with its flagship Icewine #1 exploration well in Alaska, with initial drilling going ahead as planned.
88 Energy said it planned to submit its application for a drill permit for the Icewine #1 well in Alaska with the aim to start drilling before the end of the week.
88 Energy has reported a delay at its Icewine #1 exploration well while it awaits a drilling permit from Alaskan authorities.