88 Energy Ltd (LON:88E) has updated investors on the drilling operations for the Charlie-1 well, on Alaskas North Slope.
The well spud on 2 March and progress to date has seen the completion of the surface hole down to depth of 3,500 feet, casing will now be set before the resumption of drilling.
READ: 88 Energy kicks off Alaska well programme
The well programme is partnered with Premier Oil PLC (LON:PMO) which is largely funding the venture that aims to test a potentially significant discovery previously unearthed by BP back in the 1990's.
Malguk-1 was the original discovery well, witRead More – Source
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