88 Energy Limited says that the Lease Plan of Operations for the drilling of the Icewine #1 Exploration well has been approved by the Alaskan Department of Natural Resources, Division of Oil and Gas. From a regulatory perspective, the approval denotes that Project Icewine has now formally entered the exploration phase.

The Plan of Operations was one of three pivotal permits required prior to the commencement of the Icewine #1 exploration well. The DNR has sought the permission of Accumulate Energy Alaska Inc., (subsidiary of 88 Energy), as Operator, that the Icewine Plan of Operations be posted on their Alaskan Government website as an exemplar submission of the recently revised DNR permit application process.

Tags: 88 Energy Ltd