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Red Emperor And 88 Energy Start Primary Interval Drilling In Alaska

Tue, 26th Feb 2019 12:33

LONDON (Alliance News) - Red Emperor Resources NL and 88 Energy Ltd on Tuesday said they started the drilling of a primary target interval in the North Slope of Alaska.

The two companies started drilling of the interval containing the primary Nanushuk targets after completing the Winx-1 well to 2,500 feet.

The drilling will be to a total depth of 4,500 feet and currently has reached a depth of 2,640 feet.

88 Energy is the operator of the license with a 66% stake in it, while Red Emperor owns a 32% interest in the well.

Shares in 88 were 1.6% higher on Monday at a price of 1.04 pence each, with Red Emperor down 1.6% at 3.98p.

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Red Emperor Resources seeks new opportunities amid project struggles

(Sharecast News) - Red Emperor Resources updated the market on its activities for the quarter ended 30 September on Friday, reporting that at the Alaska North Slope, its joint venture purchased additional regional 3D seismic data within the Western Blocks, with reprocessing and reinterpretation of the existing 3D seismic planned in order to assess further the prospectivity of the acreage.

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Red Emperor Resources Annual Loss Widens On Nanushuk Write-Down

(Alliance News) - Red Emperor Resources NL on Monday posted a heavily widened annual loss after a write-off of its Nanushuk project in Alaska.Shares in Red Emperor were down 6.1% at 0.53 in

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(Alliance News) - Alaska-focused Red Emperor Resources NL on Monday reported the immediate resignation of Chief Executive Gracjan Lambert, so he can focus on "other business Emperor said act

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