Source - SMW
88 Energy has successfully completed stage 1 stimulation operations at Icewine#2 on the project onshore North Slope of Alaska.

88 Energy said the first stage (lower HRZ) of the planned two stage artificial stimulation of the HRZ shale was completed successfully at the weekend, as per the plan.

 And it said preparations for the execution of the second stage (upper HRZ) were nearing completion and the job was expected to be completed over the next 12  hours.   88 Energy said: "Flowback is then planned from the upper zone until a representative sample can be obtained. 

"The lower zone will then be comingled with the upper zone and additional samples acquired. 

"Subsequent to the sample acquisition, the choke will then be gradually opened up to ascertain the maximum potential flow rate from both zones over the coming weeks. 

"Sample analysis will take place in a lab over the next four to six weeks to allow for detailed characterisation of the hydrocarbon composition and phase in the reservoir."




At 8:20am: (LON:88E) 88 Energy Ltd share price was -0.15p at 3.9p