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US: 88 Energy provides operations update 11 Mar 2021 88 Energy has provided the following update related to its operations in the NPR-A region of the North Slope of Alaska. Highlights well at 0338 on 10th March 2021 (AK time). The Merlin-1 well will initially be drilled to 1,500’, then surface casing will be installed and the Blow Out Preventer system tested. This is expected to take approx. one week to execute. The well will then be deepened through the target horizons in the Nanushuk Formation to a maximum total depth of 6,000’. Logging while drilling and mudlogging will provide initial indications as to the prospectivity of the well during this part of the operation, which is expected take three to five days. A sophisticated wireline logging suite will then be run, including sidewall cores and downhole sampling. Wireline logging is expected to take five to seven days.

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