During the quarter, 88 Energy received final petrophysical interpretation of the Charlie-1 well, with the results indicating that the well had encountered 398ft of net pay across six prospects/discoveries. The results confirmed the Upper and Lower Lima targets as large oil discoveries. With the Stellar targets in the Torok Formation also confirmed as hydrocarbon discoveries. Additionally, the HRZ Shale at the Charlie-1 location has been interpreted as being within the peak oil generation window. ....
22 Oct 2020
Cenkos: 88 Energy Ltd -- Quarterly Update
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Cenkos: 88 Energy Ltd -- Quarterly Update
88 Energy Limited (88E:LON) | 0.2 0 4.7% | Mkt Cap: 56.5m
- Published:
22 Oct 2020 -
Author:
James McCormack -
Pages:
6
During the quarter, 88 Energy received final petrophysical interpretation of the Charlie-1 well, with the results indicating that the well had encountered 398ft of net pay across six prospects/discoveries. The results confirmed the Upper and Lower Lima targets as large oil discoveries. With the Stellar targets in the Torok Formation also confirmed as hydrocarbon discoveries. Additionally, the HRZ Shale at the Charlie-1 location has been interpreted as being within the peak oil generation window. ....