88 Energy Limited says that Icewine#1 reached its planned Total Depth of 11,600' on 24th December at 0008 (AK time), having successfully achieved all of the primary unconventional objectives of the well:

Early analysis suggests that a large portion of the HRZ shale on the Project Icewine acreage is within the thermal maturity sweetspot

Oil shows were recorded with cut and fluorescence observed in cuttings returned to surface during the drilling of the HRZ shale

A pronounced increase in heavy gas fractions was exhibited in both the gas chromatograph and mass spectrometer whilst drilling through the HRZ shale

Two cores were cut in the HRZ primary shale oil objective and the underlying Pebble Shale Unit (bottom seal) with excellent recoveries (97%)

Tags: 88 Energy Ltd