Updated investor presentation - drilling to start in Q1-2023

This morning our oil and gas exploration Investment 88 Energy (ASX: 88E) put out an updated investor presentation on its upcoming drill program next door to Pantheon Resources (capped at $1.19BN).

88E’s well (Hickory-1) is targeting a 647 million barrel unrisked prospective resource (net to 88E) and is planned to spud in Q1-2023.

88E will be targeting six key reservoir targets that are independently interpreted to extend into Pantheon’s ground. More importantly, some of these are the reservoirs where Pantheon is currently looking to get a flow test from with its Alkaid #2 horizontal well.

The presentation sets the scene for the drilling program.

Most of the information we have seen in previous ASX announcements, but we found the following slide especially useful in summarising what to expect from 88E in 2023.

To check out the updated investor presentation, click here. Alternatively, click on the image below: