Oil Drilling

88E / EEENF shows oil blobs under fluorescent light - net pay 5-7 days away

Next Investors Apr 03, 2023

Our long-time oil and gas investment 88 Energy (ASX: 88E) has reached target depth in their recent drilling campaign and there have been colourful, fluorescent blobs showing for oil. A new reservoir unit has also been discovered, which is a pleasant surprise.

652 million barrel oil drilling event starts early March

Next Investors Feb 22, 2022

With the oil price now trading near five year highs at US$92/barrel, we think it's a pretty good time for 88E to be drilling for a potentially large oil discovery. 88E’s much anticipated Merlin-2 appraisal well is on track to be spudded early next month.

88E to commence wireline logging in Merlin-1 well

Finfeed Archived Mar 29, 2021

88 Energy Limited (ASX:88E, AIM:88E, OTC:EEENF) has provided an updated regarding its operations in the NPR-A region of the North Slope of Alaska. Wireline logging will commence shortly to confirm whether mobile hydrocarbons are present.

88E set to drill 645 million barrel oil target

Finfeed Archived Mar 22, 2021

88 Energy (ASX: 88E) is set to begin drilling its flagship Merlin-1 oil well, part of its Project Peregrine located in the highly prolific North Slope of Alaska on trend to a large discovery by oil super major ConocoPhillips.