88 Energy Limited ("88 Energy", "the Company", "Operator") (ASX, AIM: 88E) is pleased to provide an update on Project Icewine, located onshore North Slope of Alaska.
Managing Director of 88 Energy Limited, Dave Wall commented: "We are delighted to be working with Doyon for the upcoming drilling of Icewine#2. The Arctic Fox is one of the premier rigs on the North Slope and will be coming to us 'warm' off its current job, which has several significant benefits.
As soon as the Arctic Fox finishes work associated with its current job, we will be ready to start mobilisation and rig up for Icewine#2. Spud is now scheduled for a few short weeks post our initial plan of late Q1 2017.
Additional details in relation to the Icewine#2 well will be released to the market in due course."
Icewine#2 Progress Update
On 16th February 2017, Accumulate Energy Alaska, Inc entered into a contract with Doyon Drilling Inc to utilise the drilling rig, Arctic Fox, for drilling of the Icewine#2 appraisal well. The Arctic Fox is currently completing drilling operations on nearby acreage on the North Slope and is expected to mobilise to the Icewine#2 wellsite between 30th March and 30th April 2017, with spud to follow shortly thereafter.