leadf
logo-loader
view88 Energy Ltd

88 Energy completes frack programme at Icewine-2 shale well in Alaska

With the completion of the fracking, 88 Energy can now advance the Icewine-2 well to the pivotal production testing phase.

onshore drilling operation
Flowback will now start from Icewine-2

88 Energy Ltd (LON:88E) has confirmed that the second stage of fracking in the Icewine-2 appraisal well has been completed successfully.

Two zones of the HRZ shale have now been fracture stimulated, the company highlighted, with more than 98% of the intended proppant volume injected into the reservoir.

With the completion of the fracking, the company can now advance the Icewine-2 well to the pivotal production testing phase.

88 Energy told investors that flowback from the well will now begin, starting with the Upper HRZ zone, until a representative sample has been obtain. It will then comingle flow from the Lower HRZ zone and take further samples.

Subsequently, the company will then begin to open up the well in order to test the maximum potential flow rates from Icewine-2.

It is expected that analysis of samples will be done over the next four to six weeks, allowing for a detailed characterisation of the hydrocarbon composition and phase in the reservoir.

88 Energy told investors it will make further updates as and when appropriate through the remainder of the Icewine-2 programme.

Quick facts: 88 Energy Ltd

Price: 0.375 GBX

AIM:88E
Market: AIM
Market Cap: £33.51 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of 88 Energy Ltd named herein, including the promotion by the Company of 88 Energy Ltd in any Content on the Site, the Company receives from said...

FOR OUR FULL DISCLAIMER CLICK HERE

88 Energy Ltd - Proactive One2One Virtual Event

88 Energy Ltd’s (LON:88E) Dave Wall presents to investors at the Proactive One2One Virtual Event. Its recent quarterly activities report highlighted the group's takeover of XCD Energy PLC (LON:XCD). The Alaska explorer detailed the soon-to-complete takeover among the features of the period ended...

on 27/7/20

2 min read