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US: 88 Energy acquires interest in Project Peregrine

88 Energy has entered into an agreement with Alaska Peregrine Development Company that will facilitate continuation of the exploration program at Project Peregrine next winter. Under the agreement, 88 Energy will acquire a 50% working interest from Alaska Peregrine Development Company in Project Peregrine.

Why the 88 Energy (ASX:88E) share price is plummeting 9% this morning

Investegate |88 Energy Limited Announcements | 88 Energy Limited: Acquisition of Interest in Project Peregrine

Spudding Just Weeks Away At 88E s Merlin-1 Well

–The below is a company-sponsored announcement– 88 Energy ((88E)) : (AIM:88E) has provided an update relating to its operations on the North Slope of Alaska. Today’s update discusses 88E’s mobilisation of snow road construction equipment to its Merlin-1 drill site. Merlin-1 is located at 88E’s Peregrine Project in the NPR-A region of the North Slope. 34 miles of a total ~90 miles of the snow road to Merlin-1 have been constructed so far. The spud of Merlin-1 remains on schedule for mid-late February 2021, which will target an independently assessed gross prospective resource of 645 million barrels. Project Peregrine has a  Merlin-1 is the first to drill test

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