88 Energy reports that the Hickory-1 ice pad construction is nearing completion and that pre-spud operations are on schedule. The Hickory-1 well, located within 88 Energy s Project Phoenix acreage, is designed to appraise up to six conventional reservoir targets and 647 million barrels of oil.
88 Energy has confirmed that the Permit to Drill (PTD) has been approved by the Alaska Oil and Gas Conservation Commission (AOGCC) for the Hickory-1 well, located in Project Phoenix on the North Slope of Alaska. Flow testing of the Hickory-1 well is planned to be undertaken in the 2023/24 winter season, subject to well results.