88 Energy PLC (LON:88E) says it is on schedule to spud the Charlie-1 well with contracting and logistical work proceeding as planned.
Approval to drill has been submitted and is expected this month, with drilling scheduled to start in February and flow testing to conclude in April.
Charlie-1 will intersect seven stacked prospects, four of which are considered appraisal targets.
88 Energy will operate Charlie-1, with the cost of the well to be funded by Premier Oil PLC (LON:PMO) up to US$23m under a recent farm-out agreement.
The total Gross Mean Prospective Resource across the seven stackeRead More – Source
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