88e21 Mar 2021 07:00
So point 3 from RNS on 15th March quite literally means we are expecting news today or tomorrow?
As announced on 11 March 2021, the Company has recently commenced drilling of the Merlin-1 exploration well in the NPR-A region of the North Slope of Alaska. Drilling operations are proceeding according to plan with the well currently drilling ahead at 1,250 feet. Once the well has been deepened to 1,500 feet, casing will be installed and the Blow Out Preventer system tested, which is estimated to be completed by 21st March 2021. The well will then be drilled through the target horizons in the Nanushuk Formation to a maximum total depth of 6,000’. Logging while drilling and mudlogging will provide initial indications as to the prospectivity of the well during this part of the operation, which is expected take three to five days. A sophisticated wireline logging suite will then be run, including sidewall cores and downhole sampling. Wireline logging is expected to take five to seven days.
The Company also notes that there is a high impact well, Talitha-A, that is currently being tested on acreage adjacent to its Project Icewine, located on the Central North Slope of Alaska.