The Charlie-1 appraisal well is potentially one of the largest onshore targets to be drilled globally in 2020, targeting seven stacked horizons across three play types. The Company is on track to spud the fully funded Charlie-1 in February 2020, with flow test results expected in mid-April. The resource potential could be transformational for 88E, with total gross mean prospective resources across the seven stacked targets of 1.6Bn bbls (480mmbbls net to 88E's 30% working interest). With everyth ....
27 Nov 2019
Cenkos: 88 Energy Ltd - Billion Barrel Potential
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Cenkos: 88 Energy Ltd - Billion Barrel Potential
88 Energy Limited (88E:LON) | 0.2 0 4.7% | Mkt Cap: 56.5m
- Published:
27 Nov 2019 -
Author:
James McCormack -
Pages:
5
The Charlie-1 appraisal well is potentially one of the largest onshore targets to be drilled globally in 2020, targeting seven stacked horizons across three play types. The Company is on track to spud the fully funded Charlie-1 in February 2020, with flow test results expected in mid-April. The resource potential could be transformational for 88E, with total gross mean prospective resources across the seven stacked targets of 1.6Bn bbls (480mmbbls net to 88E's 30% working interest). With everyth ....