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Alaskan Oil

88E spudding early March - six stacked targets to hit

Next Investors Feb 28, 2023

Our oil and gas investment - 88 Energy (ASX: 88E) - is set to drill the Hickory-1well in early March with the ice pad almost complete and the drill rig ready to travel to the site. We participated in the recent capital raising and aim to free-carry into the drill result.

88E to drill Hickory-1 within a month. Here’s why its 88E’s lowest risk well from a technical perspective

Next Investors Feb 09, 2023

88E (ASX: 88E) will soon be drilling their Hickory-1 well on the North Slope of Alaska. We have increased our investment in the recent placement, and have been a long-term holder in 88E - seeing it drill through multiple wells in the past. The well is designed to drill through 6-stacked targets and we eagerly wait for spudding to begin at Hickory-1.

88E to drill test a 647 million barrel target next quarter

Next Investors Dec 21, 2022

It’s getting to that time of the year again... Our oil exploration Investment 88 Energy will soon drill test a large oil and gas target on Alaska’s North Slope.

88E is Moving East to Chase Success

Next Investors Aug 24, 2022

On the North Slope in the US state of Alaska, 88 Energy (ASX:88E | OTC: EEENF) has been actively exploring for oil for many years now, regularly drilling every year in the hope of making a large oil discovery.

88E Fails to Hit Production-Test Worthy Reservoir Section in Alaska

Next Investors Mar 30, 2022

After confirming an oil reservoir in last year’s drilling event, this morning 88E announced that they failed to hit a “production-test worthy” section of the reservoir they had just drilled in Alaska.

652 million barrel oil drilling event starts early March

Next Investors Feb 22, 2022

With the oil price now trading near five year highs at US$92/barrel, we think it's a pretty good time for 88E to be drilling for a potentially large oil discovery. 88E’s much anticipated Merlin-2 appraisal well is on track to be spudded early next month.

88E Drill Rig Contracted - The Merlin-2 drilling event awaits…

Next Investors Nov 04, 2021

News last week was that 88 Energy's (ASX:88E) drill rig has been contracted - another step in the journey towards the spudding of the Merlin-2 well. 88E’s Merlin-2 well is targeting 652 million barrels with a geological chance of success of 56%.

88E’s drilling ‘sequel’ to deliver a blockbuster result?

Next Investors Sep 23, 2021

After the success of the Merlin-1 well earlier this year, where light oil was detected across three horizons, 88E is preparing to drill a follow up well to get a better understanding of just how much oil it could be sitting on.

88 Energy to assume total control of Project Peregrine

Finfeed Archived Jun 07, 2021

88 Energy Limited (ASX:88E; AIM:88E; OTC:EEENF) has entered into an agreement with Alaska Peregrine Development Company, LLC (APDC) that will facilitate continuation of the exploration program at Project Peregrine next winter.

88E reports encouraging evidence of oil in downhole samples

Finfeed Archived May 25, 2021

88 Energy (ASX: 88E | OTC: EEENF) recently received and finalised its review of a report related to its downhole sampling program, undertaken during the logging of the Merlin-1 well. Encouraging evidence of oil in downhole samples are now being investigated in laboratory.

Merlin-1 presents its challenges but a wildcard emerges for 88 Energy

Finfeed Archived Apr 06, 2021

8 Energy Limited (ASX: 88E, AIM: 88E, OTC: EEENF) has provided an update in relation to its operations in the NPR-A region of the North Slope of Alaska with initial petrophysical interpretation data indicating several potential pay zones in Merlin-1.

88E to Drill 1.6BN Barrel Project in the Coming Days

Catalyst Hunter Feb 19, 2021

88 Energy (ASX: 88E) is set to drill the Merlin-1 well in the first week of March. Merlin-1 targeting 645 million barrels of gross mean prospective resource, over three separate stacked reservoir targets, and is on trend to existing discoveries immediately to the north and south of the project area.

Oil Strikes Back. 88E Leveraged to Exploration Success in Coming Weeks

Next Investors Jan 11, 2021

Momentum is clearly building in 88 Energy Ltd (ASX: 88E | AIM: 88E) and that looks set to continue, given the company has a highly active 6-8 weeks ahead of it.

Oil is Back: 88E is Drilling in Weeks.

Next Investors Jan 11, 2021

Oil has rallied to 10 month highs. Momentum is clearly building in 88 Energy Ltd (ASX: 88E | AIM: 88E), and that looks set to continue given the company has a highly active 6-8 weeks ahead of its drilling.

88 Energy highlights multiple share price catalysts

Finfeed Archived Jan 07, 2021

88 Energy is on track for the scheduled February spud of the Merlin-1 well at Project Peregrine, North Slope of Alaska

88 Energy ready to drill, Pantheon news could be a sweetener

Finfeed Archived Dec 07, 2020

88 Energy Limited (ASX :88E; AIM 88E) has executed the drilling contract to drill the Merlin-1 and Harrier-1 wells for Project Peregrine on the North Slope of Alaska.

OPEC breakthrough, two ASX stocks to watch and … All Ords to trade higher?

Finfeed Archived Dec 04, 2020

Given the changing tide in oil fortunes, it couldn’t be better timing for 88 Energy (ASX: 88E) to have big news.

88E farmout sees partner take on most of Merlin-1 drilling costs

Finfeed Archived Dec 04, 2020

Alaskan oil and gas explorer 88 Energy Ltd has negotiated an important farmout agreement in relation to Project Peregrine
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