Drilling commenced at Red Emperor’s Alaskan oil targets

By Meagan Evans. Published at Feb 27, 2019, in Energy

Natural resource exploration company, Red Emperor Resources (ASX/AIM: RMP) today delivered an operational update with respect to the drilling of the Winx-1 exploration well, located on the Western Blocks, North Slope of Alaska.

The Winx prospect is a 3D seismic defined conventional oil prospect in the successful Nanushuk play fairway with a gross mean unrisked prospective resource of 400 million barrels (126MMbbls net to Red Emperor) and is adjacent to the Horseshoe 1/1A discovery well.

Horseshoe is part of the billion-barrel plus Nanushuk oil play fairway, one of the largest conventional oil fields discovered in the US in more than 30 years.

RMP has partnered with 88 Energy Limited (ASX/AIM: 88E) and Otto Energy Limited (ASX:OEL) to drill the highly prospective Nanushuk oil trend exploration well.

RMP now report that consortium operator, 88 Energy, has advised that Winx-1 has been drilled to approximately 2,500ft on February 20, with surface casing run and cemented successfully.

Drilling of interval containing the primary Nanushuk targets (at circa 4,500ft) commenced on 25 February 2019, with the current depth is approximately 2,640ft. The state supervised inspection of the Blow Out Preventer system has also now been completed.

Drilling has commenced in the intermediate section of the well, where the primary Nanushuk targets will be intersected. Logging while drilling tools on the bottom hole assembly, combined with mud gas ratios and cuttings analysis, will provide initial insight into any potential hydrocarbon bearing intervals encountered during the drilling of the intermediate section. Additional data and analysis, including from wireline logging and potentially production testing will be required to provide more definitive results.

Winx-1 base case drilling and testing schedule (Abbreviations: MDKB - Measured Depth (below Kelly Brushing); TD - Target depth; CBL - Cement Bond Log; CSG – Casing; DST - Drill stem test; P&A - plugged and abandoned)

The primary objective of Winx-1 is the Nanushuk Topset play, targeting the Nanushuk 4 and 5 sands. The Winx prospect has been identified using the Nanuq South 3D which covers the third party 2017 Horseshoe discovery plus a large swathe of the “Western Blocks”. Similar amplitude response is observed at the Winx prospect to that seen at the successful Horseshoe well location, which is situated approximately 4 miles (6 kilometres) to the west.

Winx-1 exploration well, Western Blocks, Pikka B well, Alaska North Slope and Nanushuk Fairway

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