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

The group said both stages of the fracture stimulation operation had now been executed successfully as per the stimulation design and more than 98% of the intended total proppant volume was able to be injected into the HRZ reservoir.

It said: "Flowback will now commence 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 9:21am: (LON:88E) 88 Energy Ltd share price was +0.05p at 4.03p