Sign up Australia
Proactive Investors - Run By Investors For Investors

88 Energy continues to flow frack fluid and now gas

88 Energy intends to make a decision on its next plans for the Icewine-2 well
oil and gas drilling, represents onshore operations
Hyrdorcarbon flow rates to date are not 'representative'

88 Energy Ltd (LON:88E) confirmed that frack fluid continues to flow back from the Icewine-2 well in Alaska, and hydrocarbons are now flowing too.

It is flowing around 55 barrels of frack fluid per day and 2-4 thousand cubic feet of gas, with a maximum rate of 8 thousand cubic feet per day.

The company said the programme remains in the early stages and that the minor gas flows are not believed to be representative of the potential rate or composition of hydrocarbon in the reservoir.

READ: 88 Energy: More patience needed as investors kept waiting for decisive Icewine-2 result

More frack fluid will need to be removed for the well to achieve a representative result, 88 Energy said, and it added that a decision will be made on the most appropriate forward strategy within the next couple of weeks.



Jamie_55a91591db06b.jpg
Why Invest In 88 Energy Ltd? Read More Here

Register here to be notified of future 88E Company articles
View full 88E profile View Profile

88 Energy Ltd Timeline

Related Articles

oil workers
August 22 2017
It remains to be seen whether Icewine-2 programme can be turned around, but results in the coming days could be pivotal for the AIM-quoted share.
petsec-energy-Maki-Petkovski-CEO-presenting-Melb-Jan-2017-757.png
February 03 2017
Maki Petkovski discussed cash flow generating assets and Yemen.
UtilityMeter.jpg
November 25 2016
During its last fiscal year, OPG generated a record 3.2 billion units of electricity.

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use