9 May 2017
88 Energy Limited
Icewine#2 Drilling Remains on Schedule
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
· Icewine#2 drilling operations remain on schedule and without incident
· Intermediate hole complete - setting of intermediate casing underway
Icewine#2 Drilling on Schedule
Following the spud of the Icewine#2 Production Test well on 24th April, the Arctic Fox drilling rig has completed drilling the intermediate hole, reaching a depth of 10,715 feet at 08:51 8th May (AK time). Intermediate casing is now being cemented prior to planned drilling of the production interval, down to ~11,400 feet, over the weekend.
Production testing remains on schedule for late June / early July.
Further updates will be made as and when appropriate throughout the drilling / testing program.
Media and Investor Relations:
88 Energy Ltd Dave Wall, Managing Director Tel: +61 8 9485 0990 Email: admin@88energy.com
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