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88 Energy says work on ice road to appraisal well should start before 2020

Drilling is scheduled to commence in February 2020 with flow testing anticipated to conclude in April 2020

88 Energy Ltd -

88 Energy Limited (LON:88E) (ASX: 88E) has said the initial snow trail from Dalton Highway to the Charlie-1 appraisal well in Alaska is complete.

In an update issued on 26 December, the company said that construction of an ice road to the well, at Project Icewine on the Central North Slope, is on course to commence before the end of the year, weather permitting.

The Nordic Rig 3 will exit the Dalton Highway about 20 miles south of Deadhorse before it begins its 30-mile journey on an ice road to the Charlie-1 location.

Everything is proceeding as planned ahead of the scheduled February 2020 spud date.

“It has been a successful year for the company, having matured part of the conventional potential at Project Icewine to the point of a farm-out that makes a lot of sense for our shareholders. We are now on the cusp of drilling a potentially transformational well, Charlie-1, in the first quarter of 2020 and are looking forward to a safe and successful operation.” said Dave Wall. 88 Energy’s managing director.

Quick facts: 88 Energy Ltd

Price: 0.265 GBX

AIM:88E
Market: AIM
Market Cap: £22.99 m
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