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US: 88 Energy announces Project Icewine update

88 Energy notes light oil recovered at Talitha-A, 2.8 miles north of 88E’s Project Icewine acreage. Preliminary mapping shows highly correlatable reservoir sequences between Talitha and Icewine. Independent prospective resource update for Icewine planned for completion in H1 CY2022. ....

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US: 88 Energy provides Umiat oil field update

US: 88 Energy provides Umiat oil field update
04 Aug 2021
Highlights
Further studies conducted in conjunction with the Merlin-1 post well testing and analysis have identified additional upside at the Umiat oil field.
Approval from BLM to defer Umiat Year 2 Unit well commitment by 24 months to 31 August 2023.
Deferral allows for optimisation of full field development plan, including evaluation of potential synergies with Project Peregrine plans.
Studies underway to review historical Umiat oil field development plans have identified potential cost savings on planned development CAPEX.
88 Energy has provided an update related to the
Umiat oil field, located on the North Slope of Alaska. ....

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Up 15% today! Why the 88 Energy share price is shooting higher

Up 15% today! Why the 88 Energy share price is shooting higher
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