88 Energy Ltd (LON:88E) told investors it has finalised its farm-out deal with Premier Oil PLC (LON:PMO) and said that plans for the Charlie-1 appraisal well have now been approved by the new partners.
“The plan of operations is one of the key major permits required for drilling,” the company said in a statement.
“The final major permit is scheduled for submission in December, with approval expected in January ahead of the scheduled February spud date.”
READ: 88 Energy continues countdown to Charlie-1 well[hhmc]
88 Energy added that all other contracting and logistical work is proceeding as planned, ahead of the anticipated February 2020 spud.[hhmc]
Last month, the company provided details of the Charlie project which is an appraisal of the conventional and undeveloped Malguk discovery, made by BP in the earlyRead More – Source
