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Drilling Reports

88 Energy spuds Icewine#2 well

25 April 2017 08:06

88 Energy has confirmed that the Icewine#2 production test well was spudded yesterday and that the Arctic Fox rig was currently drilling ahead in the surface hole.

It said production testing remained on schedule for late June/early July.

Managing director Dave Wall said: "The spud of Icewine#2 represents another milestone for the Company and its shareholders and we now look forward to a safe operation, above all else.

"It is only a few short weeks before production testing begins, which could unlock the huge resource potential of the HRZ shale play."

At 8:06am: (LON:88E) 88 Energy Ltd share price was 0p at 2.88p

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