88 Energy Limited (“88 Energy”, “the Company”, “Operator”) (ASX, AIM: 88E) is pleased to provide
an update on Project Icewine, located onshore North Slope of Alaska.
Highlights
• Flowback continues with ~13% of stimulation fluid recovered
Icewine#2 Operations Update
Flowback commenced on the 19th June from stage 2 (upper zone). Approximately 8% of total
stimulation fluid volume was recovered until it became apparent, due to rate and pressure
observations, that the upper zone was likely in communication with the lower zone. Consequently, a
decision was made to drill out the plug between the upper and lower zones. No increase in pressure
was observed, confirming that the two zones are in effective communication. Trace hydrocarbons
were encountered whilst flowing back the upper zone prior to drilling out the plug and, as expected,
the flow rate returned to 100% stimulation fluid once the two zones were flowed back together.
Flowback, currently comprising 100% stimulation fluid, is continuing. Percentage of fluid recovered
to date is ~13% of the total fluid pumped. It is estimated that up to 30% of the stimulation fluid will
need to be recovered before hydrocarbons will be released from the reservoir.
- Forums
- ASX - By Stock
- 88E
- ASX Today
ASX Today, page-8095
-
-
- There are more pages in this discussion • 4,661 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add 88E (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $72.33M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.2¢ | $22.42K | 8.605M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
122 | 133930635 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 649611285 | 231 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
122 | 133930635 | 0.002 |
403 | 1068271335 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 649611285 | 231 |
0.004 | 176471326 | 110 |
0.005 | 53661269 | 45 |
0.006 | 45408654 | 34 |
0.007 | 83202609 | 25 |
Last trade - 11.54am 07/10/2024 (20 minute delay) ? |
Featured News
88E (ASX) Chart |