88 Energy gets ready for Icewine drilling
London-listed player to spud at the North Slope of Alaska project next month
London-listed player 88 Energy has mobilised the rig for drilling at its Icewine project, onshore North Slope of Alaska.
The Alaska-focused explorer said on Tuesday that Doyon Drilling’s Arctic Fox rig has been mobilised to the Icewine2 appraisal well location, the Franklin Bluffs gravel pad.
“The conductor has been set and installation of the cellar is currently underway,” the company said. “Final permit approval and delivery of additional equipment required for spud remain on schedule for an April spud.”
"We are now entering an exciting phase of evaluation at Icewine project as we seek to establish the production potential of the HRZ shale,” managing director Dave Wall added.
The Icewine project is estimated to hold 492.5 million barrels in mean unrisked prospective resources, according to the company.
88 Energy’s shares were up 2% early on Tuesday.
