Australia

88 Energy gives Charlie-1 progress update

88 Energy Ltd (LON:88E) has updated investors on the drilling operations for the Charlie-1 well, on Alaskas North Slope.

The well spud on 2 March and progress to date has seen the completion of the surface hole down to depth of 3,500 feet, casing will now be set before the resumption of drilling.

READ: 88 Energy kicks off Alaska well programme

The well programme is partnered with Premier Oil PLC (LON:PMO) which is largely funding the venture that aims to test a potentially significant discovery previously unearthed by BP back in the 1990's.

Malguk-1 was the original discovery well, witRead More – Source