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88 Energy (ASX: 88E, AIM: 88E) on track to commence Hickory-1 flow test operations

February 05, 2024 02:35 AM GMT | By Sonal Goyal
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 88 Energy (ASX: 88E, AIM: 88E) on track to commence Hickory-1 flow test operations
Image source: Company website

Highlights

  • Hickory-1 well flow test permitting has been concluded with recently received approval of the AOGCC frac sundry permit.
  • Ice pad construction and rig commissioning is underway.
  • All American Rig-111 and operations equipment mobilisation is scheduled for mid-February 2024.

88 Energy Limited (ASX: 88E, AIM: 88E) has started the Hickory-1 well ice pad construction work. The company informed that pre-flow test operations are on track.

The company has received all requisite approvals and permits from the relevant regulatory bodies. Recently, the Alaska Oil and Gas Conservation Commission (AOGCC) frac sundry permit was received.

The Hickory-1 well is situated within the Project Phoenix acreage, adjacent to the Dalton Highway and the Trans-Alaska Pipeline System.

88E shares traded at AU$0.004 apiece at the time of writing on 5 February 2024.


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