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–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 ....
88 Energy Ltd continues to advance Icewine and Peregrine opportunities proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.
Providing coverage of Alaska and northern Canada s oil and gas industry 88 Energy buys Umiat oil fields 2 tracts Ahead of this winters Project Peregrine drilling at Merlin and Harrier firm buys NPR-A unit directly to south in bargain deal Kay Cashman Petroleum News 88 Energy said Jan. 11 that on Jan. 8 its wholly owned subsidiary Emerald House acquired the Umiat oil field in the National Petroleum Reserve-Alaska from Malamute Energy and Renaissance Umiat. The purchase price was a 4% overriding royalty interest on the two federal leases in the Umiat unit, as well as the assumption of liability of abandonment (estimated cost US$1 million) of two Umiat wells - 18 and 23H - drilled by Linc Energy in 2013/2014. ....