Alaskan focused oil and gas group, 88 Energy Ltd (ASX:88E) provided a further update on Monday regarding the progress of the group’s Charlie-1 appraisal well on the North Slope of Alaska.
London-listed 88 Energy said today that it had shut in the second well on its Alaskan Icewine project to allow pressure to build.
London-listed 88 Energy said today that it completed the first phase of its "stimulation" operations on its Alaskan project on the weekend.
The managing director of 88 Energy today thanked those who had helped his company get on the "cusp of flow testing" for its IceWine#2 development.
Australian oil firm 88 Energy said today that a well had been spudded on its Icewine asset in Alaska.
88 Energy has reached an agreement regarding a placement to raise proceeds of $11million to two US-based institutional investors.
88 Energy has finalised its well design for its Project Icewine, located on the North Slope of Alaska.
Well and stimulation design for 88 Energy's Icewine project in Alaska is almost complete as the company continues along its path to developing what it believes will be one of the biggest plays in the region.
88 Energy has completed the 2D seismic acquisition at its Icewine project in Alaska.
88 Energy said it is close to completing the design of its second Icewine well in Alaska.
88 Energy today confirmed an independent resource estimate for its onshore Alaska find had increased to 1.4 billion barrels of oil equivalent.
88 Energy's Icewine project in Alaska continues to exceed expectations with the company revealing that core taken from the Icewine-1 exploration well has revealed two previously untested samples have "outstanding permeability" 20 times better than forecast.
Core and petrophysics data indicate 88 Energy's flagship Icewine development in Alaska is a "world class resource" the company said in statement.
88 Energy shares soared today after the company revealed its estimates for the Icewine-1 well in Alaska have been confirmed to be correct by the evaluation of the HRZ shale core.
88 Energy said it is "highly encouraged" by initial results from the HRZ shale testing at the Icewine #1 location in Alaska.
88 Energy has been hit by a delay to drilling operations at its Icewine #1 well in Alaska while repairs are carried out on the Kuukpik 5 drilling rig.
88 Energy's highly anticipated Icewine #1 project in Alaska is progressing according to plan, the company said in a drilling update.
88 Energy has started drilling at its major Icewine project in Alaska.
88 Energy Limited has confirmed it has received a Permit to Drill for the Icewine #1 exploration well from the Alaska Oil and Gas Conservation Commission.