Live Breaking News & Updates on Managing Director David Wall

US: 88 Energy provides quarterly activities report
20 Apr 2021
Highlights
Project Peregrine
Rig commissioning and mobilisation of snow road construction equipment to the Merlin-1 drill site commenced in early January 2021;
The Permit to Drill for the Merlin-1 exploration well was approved by the Bureau of Land Management and the Deputy Assistant Secretary for Land and Minerals Management on 29 January 2021;
The Merlin-1 exploration well spudded on 10 March 2021 and drilled to a Total Depth of 5,267’;
Interpretation of logging while drilling data (“LWD”) indicated multiple potentially hydrocarbon bearing zones had been encountered in the Nanushuk Formation whilst drilling Merlin-1, with the results considered encouraging and Joint Venture approving a wireline program to determine the presence of mobile hydrocarbons; and ....

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