RE: Share price20 Apr 2020 14:35
'Favourable to pre drill expectations'..SP must just be wrong then.
88 Energy Ltd (LON:88E) gave investors more details on the Charlie-1 well project in Alaska, which previously failed in its primary target but encountered multiple secondary hydrocarbon targets. The latest findings, from preliminary petrophysical interpretation, indicates hydrocarbon pay in Torok and Seabee formations, with more than 280 feet of net pay is interpreted in the Seabee Torok and Kuparuk formations, which compares favourably to pre-drill expectations, the company said.