275 Thousand Acres
world class oil assets
Tier-1 location
• Prolific oil region:
35 miles south of largest conventional oilfield in North America (Prudhoe Bay 15B barrels).
Fully funded for upcoming Icewine #1 exploration well
A$10.5 million cash at bank
88E cash component of Icewine #1 well cost US$5.7m, ~US$4.8m remaining to be paid
US$50 million funding facility secured with Bank of America
Remainder of US$16.9m Icewine #1 well to be funded via facility
Icewine#1 evaluation
Highlights
- Matrix permeability within the cored HRZ shale exceeds expectations, several times greater than effective cutoff in all 18 core samples measured
- 2 samples displayed permeability too high to be measured using standard technique (indicating possible presence of 'permeability super highways')
- Porosity confirmed at upper end of expectations as per prognosis
- http://88energy.com/
Drone Video of Drilling Operations
88 Energy 'well placed' to capitalise on Alaska's potentia
http://www.*.com.au/companies/news/...-on-de-risking-milestone-in-alaska-66965.html
Ann: HRZ Play Further Derisked, page-281
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Mkt cap ! $57.86M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $16.86K | 8.336M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 220 | 218583951 | 0.2¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 595153718 | 206 |
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