From that article.
Any thoughts on how we fund this? If it is in fact accurate.
"Accumulate said in its project overview that Bravo 1 and Charlie 1 are targeting conventional oil deposits in the company’s western play fairway some 39 miles south of existing North Slope development.........
Drilling
Accumulate said both wells will be drilled to a depth of some 11,000 feet to test conventional objectives within the Seabee formation.
A mobile land drilling rig similar to the Arctic Fox will be used, with the same rig drilling both wells.
The plan is to test and hydraulically fracture both wells, and Accumulate said the wells may include laterals, sidetracks or additional penetrations from the same exploration pad. Each well involves a vertical hole to about 10,000 feet, with measure while drilling, log while drilling and wireline conducted in the open hold, along with rotary sidewall coring and repeat formation tester fluid sampling, the company said.
Phase II of the programs would include hydraulic stimulation and flow-back testing of prospective intervals to evaluate reservoir production.
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