By Josh White
Date: Friday 15 Feb 2019
LONDON (ShareCast) - (Sharecast News) - Oil and gas company 88 Energy updated the market on its oil and gas operations on the North Slope of Alaska on Friday, reporting that at Winx-1, the spud was on schedule for 15 February Alaska time, with the final preparations now underway.
The AIM-traded firm said Nordic Rig 3 arrived on location, as planned, on 7 February.
Rig-up activities had proceeded smoothly, with final preparations for spud currently advancing.
The call to 'crew-up' was made at 0530 local time on 14 February, which the board said usually indicated spud would occur within 24 hours.
"Winx-1 is located four miles east of the Horseshoe-1/1A well that significantly extended the highly successful Nanushuk play fairway to the south," the 88 Energy board explained in its statement.
"Winx-1 will target gross best estimate prospective oil resource of 400 million barrels of oil - 144 million barrels net to 88 Energy - across multiple stacked objectives, including the Nanushuk Formation, which is the primary target of the well."
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Currency | UK Pounds |
Share Price | 0.16p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 0.43 |
52 Week Low | 0.15 |
Volume | 24,593,496 |
Shares Issued | 28,893m |
Market Cap | £45.51m |
Value |
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Price Trend |
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Income |
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Growth |
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No dividends found |
Time | Volume / Share Price |
16:38 | 3,800,000 @ 0.16p |
15:46 | 150,000 @ 0.16p |
15:26 | 63,853 @ 0.16p |
14:56 | 45,000 @ 0.16p |
14:54 | 1,259 @ 0.16p |
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