88 Energy Limited Corporate Presentation (8228D)
24 Febbraio 2020 - 8:00AM
UK Regulatory
TIDM88E
RNS Number : 8228D
88 Energy Limited
24 February 2020
88 Energy Limited
Corporate Presentation
88 Energy Limited ("88 Energy", "the Company") (ASX, AIM: 88E)
is pleased to confirm that the Company's latest corporate
presentation is now available at the link below and on the 88
Energy website at www.88energy.com .
Further to the announcement on 12 February 2020, the
presentation confirms that rig mobilisation has commenced as well
as outlining the expected drilling timetable and testing program
for the upcoming Charlie-1 appraisal well, on the North Slope of
Alaska, details of which are set out below.
Drilling and Logging
-- Drilling to Total Depth (planned 11,400'), Logging While
Drilling and Wireline Logging estimated to take 30 days
State of the Art Subsurface Evaluation Program
-- Utilisation of the latest proven technology
-- Program specifically designed to evaluate:
o Formations that may have laminations resulting in low
resistivity pay
o Formations with low to moderate permeability
o Formations with considerable bound water
-- Prior to advent of specialist tools, the above challenges
often resulted in pay being left behind
Flow Testing
-- Subsurface evaluation to be followed by up to two production tests
-- Zones of interest and final test design to be determined by results of logging
-- Each test estimated to take 14 days
Reporting
-- Total program estimated to take 60 days, with reporting of
results determined by materiality and continuous disclosure
obligations
http://www.rns-pdf.londonstockexchange.com/rns/8228D_1-2020-2-23.pdf
Media and Investor Relations:
88 Energy Ltd
Dave Wall, Managing Director Tel: +61 8 9485 0990
Email: admin@88energy.com
Finlay Thomson, Investor Relations Tel: +44 7976 248471
Hartleys Ltd
Dale Bryan Tel: + 61 8 9268 2829
Cenkos Securities Tel: + 44 131 220 6939
Neil McDonald/Derrick Lee
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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