88 Energy has started drilling at its major Icewine project in Alaska.
Drilling began yesterday evening local time on the maiden exploration well on the company’s Icewine acreage, located onshore North Slope, Alaska.
Managing director Dave Wall, said: “Spud at Icewine #1 is a momentous occasion for 88 Energy and its shareholders, without whose support the well would not have been funded.
“We would also to thank all of the regulatory bodies in Alaska whose collaborative approach has ensured that our tight timeline has been achieved. We hope to deliver a safe outcome that is beneifical to all stakeholders in State.
The well is planned to a Total Depth of 11,600 feet and is scheduled to take 30 days of drilling to complete. The primary objective of the well is the HRZ shale formation targetting what 88 calls a huge unconventional resource prize.
The pivotal focus will be an extensive evaluation of core material by specialist laboratories, which will cover a number of parameters considered critical for the success of the play.
The drilling of Icewine #1 will deliver first insight to the conventional prospectivity of 88 Energy’s acreage to be matured up by the potential acquisition of 3D seismic in the near term.
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