Petroleum News 9 Feb quotes9 Feb 2020 16:10
Yukon Gold 2021 well possible:
88 Energy Ltd. doesn’t have much new to say about its eastern North Slope prospect, but it’s hard to believe a partnering deal isn’t in the works, given the activities of nearby leaseholders — in particular Jade Energy and ExxonMobil, which will
likely bring infrastructure within 10 miles of the 1994 untapped Yukon Gold oil discovery.
Australian independent 88 Energy Ltd says in its Jan. 20 fourth quarter release that while Yukon Gold “discussions continue with nearby resource owners” to “optimize the monetization strategy for existing discovered resources” in the vicinity and that permitting for a new well in 2021 is “underway,” the company also says drilling is “subject to farm-out.”
Those discussions must be serious because 88 Energy did not have a booth at NAPE in early February, while almost all the other companies looking for partners for their Alaska prospects did.
When asked for more details about the discussions with nearby leaseholders, David Wall, managing director of 88 Energy Ltd., told Petroleum News in a Jan. 29 email, “We have not disclosed anything related to the discussions and will not do so at this time,” a common response from an oil company while in negotiations.
When asked for the kind of permitting that had begun, he said, “Standard work related to permitting. We have not submitted any permits yet,” also typical until full project funding has been secured.