This morning, 88 Energy released an updated corporate presentation in preparation of the spudding of the Winx-1 well in Alaska around the 15 February. The well will target 400 million barrels (mmbbls) of gross best estimate unrisked prospective resource within the Nanushuk Topset play and lies proximal to the 1.4 billion barrel Horseshoe-1/1A discovery. We assign the Winx prospect a risked valuation of US$30.2m or 0.4p per share, increasing to US$210.6m or 2.4p per share unrisked.
31 Jan 2019
Cenkos: 88 Energy Ltd - Spud Imminent
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Cenkos: 88 Energy Ltd - Spud Imminent
88 Energy Limited (88E:LON) | 0.2 0 (-16.2%) | Mkt Cap: 40.8m
- Published:
31 Jan 2019 -
Author:
James McCormack -
Pages:
4
This morning, 88 Energy released an updated corporate presentation in preparation of the spudding of the Winx-1 well in Alaska around the 15 February. The well will target 400 million barrels (mmbbls) of gross best estimate unrisked prospective resource within the Nanushuk Topset play and lies proximal to the 1.4 billion barrel Horseshoe-1/1A discovery. We assign the Winx prospect a risked valuation of US$30.2m or 0.4p per share, increasing to US$210.6m or 2.4p per share unrisked.