In August, the Australian company expects its subsidiary, Accumulate Energy Alaska, will have the results of 750 kilometres of 2D seismic acquired in May.

The Icewine 2H well will be a follow-up to its Icewine 1H wells drilled in late 2015 to assess the potential of the HRZ shale onshore in the central North Slope.

It believes there is potential for future development.

Accumulate