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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
APDC buys into Project Peregrine, All American Rig 111 drilling 2 wells
Kay Cashman
Petroleum News
On Dec. 4, 88 Energy Ltd. said it has finalized a farm-out agreement with Alaska Peregrine Development Company LLC, or APDC, on its 100% owned Project Peregrine in the National Petroleum Reserve-Alaska. The acreage was acquired by 88 Energy in July in an off‐market takeover of XCD Energy.
On..
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Rig 111 under contract