The latest from Petroleum News, as reported by the company.
Pleasingly, a comparison of the tested interval in Alkaid 1 against a similar interval in Icewine 1 indicated favorable potential for a flow test of the same zone in the Icewine East acreage,” 88 Energy said, noting Great Bear Pantheon wells Alkaid 1, Talitha A and Theta West 1 all flowed 35 to 40⁰ API oil from multiple Brookian reservoirs.
Since data from Talitha A and Theta West 1 were not yet publicly available, only a qualitative comparison of these logs against Icewine 1 logs had been done."
https://www.petroleumnews.com/pnads/899298896.shtml
I would urge investors current and potential to read over the Icewine#1 well logs/reports and draw their own conclusions as to the potential of the Icewine acreage.
The full Icewine well data also has the well logs from Pipeline State#1, West Kadleroshilik-1(shallow well), Bush Federal-1, Wolf Button and Nana Federal#1. None of these analogue legacy wells had the ability to naturally flow hydrocarbons and most had no evidence of hydrocarbons.
Be prepared for the story to be told about the potential of any new well.
Just my thoughts.
Happy Friday.
Cheers
Petroleum News, page-302
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