Ann: Operations Update, page-214

It seems everyone is waiting for some announcement like 3billion barrels oil potential (1 billion oil in place after extraction possible) on this one flow test.
Its going to take more than one flow test what ever the flow achieved in this current well. 88e is almost out of money i believe.

They would have been better off drilling for convential oil to fund unconvential shale oil costs. This is what bear energy is doing. Share price looks overpriced whilst oil price is below $50 imo.


https://www.adn.com/business-econom...t-test-of-oil-potential-in-prudhoe-bay-shale/

Erik Opstad, Accumulate Energy's general manager in Alaska, said on Friday that good flow rates from a single exploration well won't prove North Slope shale is commercially viable. A good test will lead to more analysis, including whether the flow rates are enough to overcome the high cost of development.

"You can't make huge and grandiose statements based on one well, no matter the results. But if it's positive, that's perhaps more encouraging than not for Alaska," he said.