The company noted that this schedule represents a one week delay, caused by fine tuning of the testing procedure.
It also said that additional technical analysis is ongoing and will be communicated to investors when complete.
The Icewine-2 appraisal well was designed to confirm the geological findings of the first hole, which had confirmed the presence of hydrocarbon bearing HRZ shale. Success with the Icewine-1 well provided the basis of some big and potentially valuable resources.
That first well had laid out a whole new US shale play and, buoyed by this success, 88 Energy moved quickly to significantly expand its footprint in the surrounding area.
Flow testing results will prove pivotal for 88 Energy’s plans to develop the HRZ shale.
In late afternoon trading, 88 Energy shares were 3.9%, or 0.08p higher at 2.02p.
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