88 Energy continues to be encouraged as it advances conventional exploration ...

Such a deal would, ideally, allow the explorer to advance the portfolio to drilling so that some of the theoretical resources can be realised as actual discoveries.

“These insights are particularly encouraging by comparison to recent successful production testing in the Nanushuk Formation discoveries made over the last four years on the North Slope,” 88 Energy said.

Elsewhere, in the Yukon Leases project area, the company continues to progress pre-drill technical work following on from the 3D seismic data capture earlier this year.

It said that the next steps include the completion of 3D inversion work aimed at the further delineation and de-risking of potential drill-targets.

Previously, this ‘discovery’ was considered stranded until the commissioning of new infrastructure back in 2016, though it’s now modelled that such an asset could be viable with a break-even oil price of about $40 per barrel.

Here, 88 Energy and its partners aim to extend the multi-billion barrel Nanushuk Oil Fairway.

Powered by Blogger.