I just love the way Winx could play out hopefully in all our favour , this is just to keep the positive posts going as 88 Energy will earn 36% by paying 40% of the costs for a commitment well on a 400 million barrel (MMbl) prospect and we’re looking at a 144MMbl net share. Our well, on schedule for spud in early 2019, is only four miles east of one of the biggest discoveries made in the last four years, the billion barrel Pikka/Horseshoe discovery, and we’re hoping to prove an extension of that play.
“On the seismic it looks very good, but we need to drill it.”
The well has been named Winx-1 after the famous Australian racehorse and hopefully this bodes well for its success.
88 Energy plans to drill in February, 2019, and has finalised the contract for a rig and is well advanced with permitting and ice road planning.
Great riches, page-8
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