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88 Energy Limited Provides Update on Hickory-1 Flow 88 Energy Limited

88 Energy Limited Provides Update on Hickory-1 Flow

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Flow Testing Program

In an exciting update, 88 Energy Limited (ASX:88E) shares details about the upcoming Hickory-1 flow testing program at Project Phoenix on the North Slope, Alaska. The well is currently cased and suspended, with the flow testing program set to start in the 2023/2024 winter operational season.

Testing Multiple Zones

The Hickory-1 well will undergo testing on multiple zones, with indications that all zones are expected to flow based on reservoir characteristics. The company has commenced permitting and planning for the testing program, aiming to begin as early as possible in the upcoming winter season.

Rig Selection and Fluid Choice

Rig selection for the flow tests is in the final stages of conclusion, with the announcement expected imminently. Additionally, 88 Energy is working closely with technical consultants to determine the optimal fluids to be used to stimulate the reservoir. The choice of fluids is essential as their chemical composition can interact with specific clay types in the reservoirs, significantly impacting performance and the stimulation operation.

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Ongoing Post-Well Analysis

The company is diligently performing post-well analysis, including the evaluation of cores, mud gas isotubes, and wireline data. Initial results are encouraging, showing good correlation to migration and thermal maturity models for Project Phoenix. The ongoing analysis will help inform the flow testing program and optimise outcomes.

Planning and Optimisation

Program planning remains on schedule, with a strong focus on technical and economic optimisation before finalisation. Through rigorous evaluation, the company aims to ensure the flow testing program is designed to deliver the best possible results.

Exciting Prospects

88 Energy Limited is committed to unlocking the potential of Project Phoenix and is dedicated to making informed decisions for optimal reservoir stimulation. With the imminent announcement of the rig selection, the company is poised to kickstart the flow testing program during the 2023/2024 Alaskan winter operational season.

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