A long journey. 7 Years agp6 Feb 2023 14:03
The OILIEST place on earth project icewine Is situated on the prolific North Slope of Alaska and surrounded by billion barrel discoveries, sat on the Dalton Highway and with TAPS running through its acres 88 Energy with its "Project Icewine" and its 400,000 acres is the place to be. With its latest Seismic results estimating a whopping 750 million recoverable barrels of conventional oil in the Brookian Sequence added to its already massive numbers of 3.6 billion recoverable barrels of unconventional oil in the hrz makes "Project Icewine" the most interesting play to hit the North Slope in the last decade.
88 Energy and their partner Burgandy Exploration have had a rollercoaster of a ride, exciting and none stop, one that you never want to end. It has passed icebergs and elephants, been to great depths of 11000 feet taken core samples and risen as quick as it disappeared. The share price has also seen much activity seeing a rise of over 1600% in under two months with a high of 4.2p.
And now we enter phase two and the countdown to spud. ICEWINE #2 in march is going to test the flow rate of the hrz and the hue. Is it going to test the conventional in Alpha as well? With the current share price of 2.15p cos at an estimated 60% and the rising price in oil all the Elephants are lining up to make this the most eagerly awaited spud on the north slope in decades.