Try this link from Next Oil Rush
Morning Brom, just a few lines from the Petroleum News article suggesting Mid January. That would be something if we could be spudding perhaps 4 week earlier than we saw at Winx. 11000 feet to drilling at ~425 feet per day. Really do need to start ASAP in 2020. Nordic 3 Rig being used again.
Field studies, project planning and design and project permitting began this summer and will run through Dec. 1, with pre-packing of tundra winter roads and pad locations scheduled for mid-November through mid-December, followed by construction of the main tundra winter road, spurs and ice pads from mid-December to the end of the year. The drilling rig, camp and support operations will be mobilized beginning the first of the year, with drilling and testing of the Charlie No. 1 scheduled to begin in mid-January.
AEA said the Charlie No. 1 will be drilled to a depth of about 11,000 feet true vertical depth to test stacked objectives within the Seabee formation.
The company said it will use the Nordic No. 3 rig or a similar mobile land drilling rig.
Best Regards to All
Loose change really.
I must say, even with the Charlie 1 drill looming, I am definitely become disillusioned with the company. Not particularly DW but beginning to sense something not quite right.
As you all know from my posts I tend to err on the optimistic side but this is getting very frustrating.
GLA LTH's & anyone who has recently come on board.
DW is creaming the curve nicely though, he will have made another A$200k by the time the drillbit touches down for Charlie.
If we get a presentation in London in the near future Des, be there, look him in the eye & tell him what you keep telling us.
I'll bet he rues the day he ever uttered or wrote that phrase.
Both, DIVERSIFIED EXPLORER NORTH SLOPE OF ALASKA 88e Energy
SEPTEMBER 2019 UPDATE
Which one did you want?
We will all look back on 2019 & think to ourselves, "An ugly year but we eventually got what we wanted"
Just sit tight
From Page 6 of Announcement, Parts of interest in UPPERCASE.
Lines starting Project Icewine & Icewine
Not sure if these lines refer to same thing. i.e. Charlie 1
Perhaps someone can throw some light on that.
Alaska North Slope:
Multiple World Class Assets
Alaska Central North Slope: Multiple High-Quality Assets in Portfolio
• 88E Operator/Manager on 4 active Exploration Projects across >250,000 net acres
PROJECT ICEWINE CONVENTIONAL FARM-OUT EXECUTED – DRILLING WITHIN 6 MONTHS
• CHARLIE-1 (MALGUK-1 APPRAISAL) WELL TO TEST MULTIPLE STACKED TARGETS IN 1Q2020
• Funded by Farminee, Premier Oil Plc, up to US$23m in exchange for 60% of conventional
potential in Area A (Western Play Fairway)
• 88E to operate Charlie-1 – permits and contracts on schedule for 1Q2020 spud
ICEWINE: LARGE CONVENTIONAL PROSPECT PORTFOLIO – 1.0 BILLION BARRELS OIL NET TO 88E#
• MULTIPLE STACKED PROSPECTS OVER THREE PLAYS MAPPED ON MODERN 3D SEISMIC – DRILLING IMMINENT
Yukon Leases: Existing Discovery – Newly acquired & processed 3D seismic (2018),
• ~90MMBO mean prospective resource (100% 88E)
Icewine: HRZ Liquids Rich Resource Play – 0.8-2.0 Billion Barrels Liquids**
• De-risked by two wells: Icewine#1 and Icewine#2 - farm-out targeted 2H19
Western Blocks: Post Drill Review Underway
• Winx#1 declared unsuccessful – remaining potential on blocks under assessment
** Net Mean Prospective Resource based on 271,000 gross acres, #Net Mean Prospective Resource
Message from the Yukon
From 31st July Quarterly Report:
Yukon Acreage : Discussions underway with nearby resource owners to optimise the monetisation strategy of the acreage.
What does that mean you might ask?
It may mean just this:
Yukon Acreage • Discussions underway with nearby resource owners to develop means of producing an income from our own assets.
Brom, you may know better than me, but who are the resource owners?
This could be another rabbit out of the hat for DW. Hopefully in early September.
Hey budie, you ave sertainly turnd intwo the phont of oyl knoledge.
Tut, damm spill chocker.
Anyroad up, a solid figure on this board & you have my respect.
Suggesting the doom mongers & nay sayers take a look at 88e RNS & Announcements & don't just speed read the highlights but read them all right down to DW's signature.
There are going to be some pleasant surprises before year end
Hopefully the links work, back to 88energy.com/announcements
31/7/2019 Quarterly Activities Report & Cashflow
26/6/2019 Project Icewine Conventional Farmout Update
22/5/2019 Alaska Projects Update
18/4/2019 Quarterly Activities Report & Cashflow
15/4/2019 Results of Meeting
14/4/2019 Investor Presentation AGM April 2019
25/3/2019 RMP: Alaska Operations Update
19/3/2019 Alaska Projects Update
12/3/2019 RMP: Winx-1 Drilling Update
12/3/2019 Operations Update - Winx-1 Final Report
Still Holding & being tempted to Top Up .