88 Energy has been formally awarded 25,430 contiguous acres immediately south of Prudhoe Bay (Project Leonis). The lease area is fully covered by modern 3D seismic and contains the historical exploration well, Hemi Springs Unit #3. Review of the well has indicated over 200ft of bypassed pay within the Upper Schrader Bluff (USB) reservoir, with good porosity and oil shows evident over this interval. Interpretation of the 3D seismic reveals a strong seismic-well tie and clear seismic amplitude at ....
