88E 0.00% 0.2¢ 88 energy limited

New research for 88e

  1. 475 Posts.
    http://88energy.com/wp-content/uploads/2015/10/88E-10-12-15.pdf

    Further to the south the Brookian sands at Icewine are a turbidite deep-water fan play, with changes in sea level over time driving the deposition of these high-quality sands downslope. Great Bear has amassed a +500,000 acreage position to the immediate north of Icewine, targeting conventional plays in these Brookian Turbidite fans and in the Ivishak and Kuparuk sands. To date, Great Bear has spent in excess of $150m on technical and field work including seismic acquisition, the drilling of the Alcor and Merak stratigraphic wells in 2012 and in 2015 commenced a 3-well campaign, making a discovery at Alkaid#1 in the Brookian sands. While testing is currently underway, the discovery is thought to be in the order of ~180mmbbls.

    The Icewine #1 well is expected to test a number of potentially oil bearing Brookian sands plus also test the Kuparuk sands which sits immediately below the HRZ.
 
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