Red Emperor Resources said the mobilisation of a rig was underway for the drilling of a new exploration well in Alaska. The rig was currently traveling around 90 miles to the Winx-1 well site. Additional equipment required for the commencement of drilling was also being mobilised to the site, in order to meet the scheduled drilling start date of 15 February. Drilling and testing of Winx-1, in a success case scenario, was scheduled to take around 50 days.
Sign up to our
Subscribe to the latest investing news by entering your email address below
You can opt out at any time.
For five days a week you will get
- The latest company news
- Insight into investment trends
- Round-up of director's buys and sells
- Articles from Shares magazine
Plus more useful investment content and occasional promotional offers.
UK 350 Risers and Fallers
Tweets not available.