Mobilisation of the Nordic-Callista Rig-3 has commenced ahead of the spudding of the Charlie-1 appraisal well. As part of the farm-out to Premier Oil, Premier Oil will earn a 60% interest in the Western Play Fairway by carrying 88 Energy for up to US$23m of the gross Charlie-1 well cost. Charlie-1 will take c30 days to drill and log, testing seven stacked targets, with gross mean prospective resources of 1.6bnbbls (480mmbbls net to 88E) to a total depth of c11,400ft. Depending on the results, th ....
