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Drilling Reports

88 Energy reports excellent data at Icewine#2

22 May 2017 09:15

Wireline logging throughout the production interval at Icewine#2 was completed at the weekend, with great success, 88 Energy said today.

An operations update said the quality of the data acquired was excellent and complemented the core and logs retrieved at Icewine#1.

It said the enhanced data suite would ensure that optimal design of the planned stimulation was achieved at Icewine#2.

It said that during cementing of the 4.5" production liner, hole conditions in the Pebble Shale Unit (beneath the HRZ production interval) prevented successful completion.

The update continued: "The liner was retrieved to surface and will undergo minor repair whilst the hole is reconditioned to minimise the chance of recurrence. Post repair the liner will be run back in the hole and re-cemented.

"This operation is expected to be finalised during the week.

"Production testing remains on schedule."

Managing director Dave Wall said: "The data quality from the wireline logs recently completed is excellent and, at this early stage in the processing and interpretation, is confirmatory to the data obtained from Icewine#1 - as expected.

"Additional insights are expected from the log interpretation and completion of the micro stimulations over the coming days as we finalise the design to the stimulation programme.

"The minor setback related to completing the production liner installation has not altered the schedule for production testing, as prior to this we were running several days ahead of plan."

At 9:15am: (LON:88E) 88 Energy Ltd share price was +0.1p at 2.78p

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