RE: ASX Announcement question?15 Mar 2021 10:27
well 88e have given info back to ASX but it hasn't stopped the speculation.
"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."