88 Energy Limited: Icewine #1 Spud Hours Away

88 Energy Limited announced Thursday that the Icewine #1 exploration well onshore Alaska is just hours away from spudding, after a permit to drill was approved by the Alaska Oil and Gas Conservation Commission (AOGCC).

The permit was the last of the remaining permits required prior to commencement of drilling. Final inspection of the rig will now take place, ahead of spudding in “the very near term”, according to an 88 Energy Limited statement. The spud of Icewine #1 was pushed back earlier this month due to a delay in the approval process for the permit to drill.

Managing Director of 88 Energy Limited, Dave Wall, commented in a company statement:

“The path to spud has been relatively smooth due to the outstanding effort and coordination of the Icewine team and the regulatory bodies in Alaska. There was a late scramble to rectify an outstanding item with the Permit to Drill, however, this has been resolved in a timely fashion and we would like to thank the AOGCC for their prompt assistance. Timing of spud is now a matter of hours away and marks the start of the next leg of the Project Icewine journey.”

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