Red Emperor fast approaching Winx-1 well drill
Oil junior Red Emperor Resources (ASX:RMP) is quickly progressing preparations towards drilling of the Winx-1 well, located on the Western Blocks, North Slope of Alaska, announcing today that the ice road and ice pad are nearing completion.
With the installation of the conductor and rig mobilisation imminent, Winx-1 is now scheduled to spud in mid-February.
The drilling and testing of the well is scheduled to take approximately 50 days (in a success case scenario).
The Winx prospect is a 3D seismic defined conventional oil prospect located in the successful Nanushuk play, with a gross mean unrisked prospective resource of 400 million barrels.
It is adjacent to the Horseshoe 1/1A discovery well drilled by the Armstrong/Repsol joint venture in 2017.
The main objective of Winx-1 is the Nanushuk Topset play, which will target the Nanushuk 4 and 5 sands. The Winx prospect was identified using the Nanuq South 3D data (as below) which covers the third-party 2017 Horseshoe discovery, plus a large portion of the ‘Western Blocks’.
A bit more about Red Emperor
RMP is a natural resource exploration company, with oil and gas interests on the Alaska North slope and in South East Asia.
It recently entered into definitive agreements with its consortium partners, 88 Energy (ASX:88E) and Otto Energy, to participate in the drilling of a highly prospective Nanushuk oil trend exploration well on the Alaska North slope.
S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.