88E 16.7% 0.5¢ 88 energy limited

Icewine#2 Drilling Commenced

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    https://www.voxmarkets.co.uk/rns/announcement/25844829/?source=twitter

    25 April 2017

    88 Energy Limited

    Icewine#2 Drilling Commenced

    88 Energy Limited ("88 Energy", "the Company", "Operator") (ASX, AIM: 88E) is pleased to provide an update on Project Icewine, located onshore North Slope of Alaska.
    Highlights
    · Spud of Icewine#2 Production Test well occurred at 1915 24th April (Alaska time)
    o Arctic Fox currently drilling ahead

    Icewine#2 Drilling Commenced

    Drilling at the Icewine#2 Production Test well commenced at 1915 24th April (Alaska time). The Arctic Fox rig is currently drilling ahead in the surface hole.

    Production testing remains on schedule for late June / early July.

    Further updates will be made as and when appropriate throughout the drilling / testing program.

    Managing Director of 88 Energy Limited, Dave Wall commented:
    "The spud of Icewine#2 represents another milestone for the Company and its shareholders and we now look forward to a safe operation, above all else.
    It is only a few short weeks before production testing begins, which could unlock the huge resource potential of the HRZ shale play."


    Media and Investor Relations:

    88 Energy Ltd
    Dave Wall, Managing Director Tel: +61 8 9485 0990
 
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