By Anthony O. Goriainoff
88 Power Ltd. stated Tuesday {that a} program at its Hickory-1 nicely in Alaska confirmed the presence of a number of hydrocarbon-bearing zones.
The oil-and-gas firm stated the outcomes confirmed or exceeded its pre-drill expectations relating to main and secondary targets.
The London- and Australia-listed firm stated it was now centered on demobilizing and safely finishing the nicely’s present section and planning actions for the following section of operations, with move testing as early because the 2023-2024 winter operational season in Alaska.
“We look ahead to updating shareholders with put up nicely evaluation outcomes and our plans for the move check of the Hickory-1 nicely,” the corporate stated.
Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com