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88 Energy chief hails “very encouraging” results from Icewine project

88 Energy (LON:88E) announced better than expected permeability test results it has now crossed off two of three potential ‘Achilles heels’ of its new shale play in Alaska.

Speaking to Proactive, chief executive Dave Wall, says that results received so far are “either very, very, close to or have exceeded expectations.”

Results are from the matrix permeability tests on samples recovered from the HRZ shales in the Icewine-1 well, which Wall says are “very encouraging”.

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Price: 0.82 GBX

AIM:88E
Market: AIM
Market Cap: £56.35 m
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88 Energy ltd boss: things are looking good, potential for farm-out

88 Energy ltd (LON:88E) Managing Director Dave Wall tells Proactive Investors that how the company has been through a period of consolidation including fundraising and acquisitions. "We've raised A25mln, we've finalized the purchase of 170,000 acres, we've completed the acquisition of some 2D...

on 08/02/2016

2 min read