Last checked at 
(Sharecast News) - 88 Energy updated the market on the upcoming drilling of the Charlie-1 appraisal well at Project Icewine, on the Central North Slope in Alaska on Friday, reporting that the initial snow trail from the Dalton Highway was now complete.
The AIM-traded firm said ice road construction was on track to begin "within days", adding that operational activity for Charlie-1 was progressing to plan for a spud in February.
It explained that Nordic Rig 3 would exit the Dalton Highway around 20 miles south of Deadhorse before it begins its 30-mile journey on an ice road to the Charlie-1 location.
Everything was proceeding as planned, ahead of the scheduled spud date, the board confirmed.
"It has been a successful year for the Company, having matured part of the conventional potential at Project Icewine to the point of a farm-out that makes a lot of sense for our shareholders," said managing director Dave Wall.
"We are now on the cusp of drilling a potentially transformational well, Charlie-1, in the first quarter of 2020 and are looking forward to a safe and successful operation."
At 1437 GMT, shares in 88 Energy were up 4.37% at 1.12p.
8 Jan 2024 16:15
UK shareholder meetings calendar
| Tuesday 9 January | |
| Agriterra Ltd | AGM |
| DX Group PLC | GM re acquisition by HIG Capital funds |
| GENinCode PLC | GM re fundraise |
| Leeds Group PLC | GM re sale of subsidiary Hemmers-Itex |
| Smart Metering Systems PLC | GM re acquisition by KKR funds |
| Wednesday 10 January | |
| Hummingbird Resources PLC | GM re share placement |
| Ironveld PLC | AGM |
| Reabold Resources PLC | GM re appointment of new directors |
| Safestyle UK PLC | EGM re approve winding up of company |
| Scirocco Energy PLC | GM re proposed disposal of interests in Energy Acquisitions Group Ltd |
| Versarien PLC | GM re capital reorganisation |
| Thursday 11 January | |
| Pennpetro Energy PLC | AGM |
| R&Q Insurance Holdings Ltd | GM re sale of Accredited to Onex Corp |
| Ten Entertainment Group PLC | GM re takeover by Trive funds |
| Friday 12 January | |
| Ashington Innovation PLC | AGM |
| Dukemount Capital PLC | AGM |
| Monday 15 January | |
| 88 Energy Ltd | GM re fundraising |
| Mondi PLC | GM re special dividend |
| SRT Marine Systems PLC | GM re fundraising |
| Strip Tinning Holdings PLC | GM re fundraising |
| Copyright 2024 Alliance News Ltd. All Rights Reserved. |