Icewine closes shop for Alaskan win­ter

The Australian Energy Review - - NEWS -

PERTH-based oil ex­plorer 88 En­ergy (88E) has sus­pended ex­plo­ration ac­tiv­ity at its Icewine project in Alaska.

Its Icewine#2 well was shut-in on 10 July to al­low a pres­sure build up in the highly prospec­tive HRZ shale.

Flow test­ing re­sumed in Au­gust, how­ever due to cold tem­per­a­tures the com­pany sus­pended op­er­a­tions on 18 Septem­ber.

“Whilst it is frus­trat­ing to have to wait over the Win­ter sea­son for the con­tin­ued flow test of the HRZ, there are sev­eral en­cour­ag­ing signs ob­served from this most re­cent phase of test­ing,” 88E man­ag­ing direc­tor Dave Wall said.

“Given the early stage na­ture of our ap­praisal pro­gram, we need to have pa­tience and re­main open minded as there is no bench­mark against which to track the progress of this par­tic­u­lar un­con­ven­tional play.”

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