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88 Energy Shares Rise After Alaska Well Reaches Target Depth With Good Results

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88 Energy Shares Rise After Alaska Well Reaches Target Depth With Good Results


By Joe Hoppe


Shares of 88 Vitality Ltd. rose in London Monday after the corporate mentioned its Hickory-1 exploration nicely in Alaska reached its goal depth, with encouraging outcomes up to now.

Shares at 0747 GMT had been up 0.13 pence, or 25%, at 0.63 pence.

The London- and Australia-listed oil-and-gas firm mentioned the nicely was drilled to a complete depth of 10,650 toes. The SFS reservoir exceeded pre-drilling expectations when it comes to each thickness and reservoir high quality, figuring out a number of potential hydrocarbon zones.

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The corporate mentioned a brand new higher SFS reservoir has been recognized, which hasn’t beforehand intersected close by wells and has considerable oil reveals in cuttings.

Mud-gas readings from each SFS reservoirs had been sturdy, and the BFF reservoir was in keeping with pre-drill expectations.

Preliminary web pay calculated from the info might be confirmed by way of extra testing and work applications, set to start promptly. All operations are anticipated to be accomplished by mid-April.


Write to Joe Hoppe at joseph.hoppe@wsj.com


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Alaska

New fire starts near Fort Knox Gold Mine northeast of Fairbanks

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New fire starts near Fort Knox Gold Mine northeast of Fairbanks


Home Active Wildland Fire New fire starts near Fort Knox Gold Mine northeast of Fairbanks

Alaska Division of Forestry & Fire Protection is responding to the Last Chance Creek Fire (#305) 4 miles southeast of the Fort Knox Gold Mine mill and 8 miles east of Gilmore Trail above Steel Creek. Fairbanks Area DOF helitack, four engines, one dozer, six smokejumpers, two Fire Boss water scooping aircraft, and retardant Tanker-544 have all responded to the 2-acre fire. Air Attack is overhead coordinating the firefighting effort on the ground and in the air. 

Aerial resources have been effective and suppression efforts will continue through the night. Additional updates will be available Saturday on AKFireInfo.com. 

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A satellite image map showing the location of a wildland fire.
Public Information Map of Last Chance Creek Fire (#305) for Friday, June 28, 2024. Click on the map to download a PDF file to enlarge or print.
‹ Smoke continues to hamper efforts on Globe Fire

Categories: Active Wildland Fire, Alaska DNR – Division of Forestry (DOF)

Tags: Fort Knox Gold Mine, Last Chance Creek Fire



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Alaska

Alaska Oil, Gas Rule Draws Lawsuit Alleging Agency Overreach (1)

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Alaska Oil, Gas Rule Draws Lawsuit Alleging Agency Overreach (1)


An organization of communities in Alaska’s far north sued the Bureau of Land Management Friday over a rule they said “turns a petroleum reserve into millions of acres of de facto wilderness.”

The lawsuit appears to be one of the first to be filed under the Administrative Procedure Act in the wake of the US Supreme Court’s Loper Bright decision dismantling the Chevron doctrine.

Voice of the Arctic Iñupiat alleges that BLM’s “NPR-A Rule” forbids oil and gas development in 10.6 million acres of Alaska, and effectively ends any further leasing and development in an additional 13.1 million acres.

The rule is “directly contrary” to Congress’s purpose in creating the Natural Petroleum Reserve in Alaska—to further oil and gas exploration and development, Voice said in its complaint filed in the US District Court for the District of Alaska. BLM “disingenuously” claims that the rule “speaks for Alaska Natives,” the group said.

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The rule violates several federal laws, including the Alaska Native Claims Settlement Act, the National Environmental Policy Act, and the Federal Land Policy and Management Act of 1976. It is therefore arbitrary and capricious under the APA, the complaint says.

Voice is represented by Ashburn & Mason P.C.

The case is Voice of the Arctic Iñupiat v. Bureau of Land Mgmt., D. Alaska, No. 24-136, complaint filed 6/28/24.



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Korea- Alaska Friendship Day Festival | 650 KENI | Jun 29th, 2024 | Dimond Center east side of the parking lot

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Korea- Alaska Friendship Day Festival | 650 KENI | Jun 29th, 2024 | Dimond Center east side of the parking lot


K-food, K-pop, K-culture Enjoy amazing Korean food, and a variety of performances including Chicago’s K-Pop dance team: Prism-KRU, Cover Dance Festival World Champions in 2022 & 2023.

Win prizes and be sure to check out all vendors!

The Korean American Community of Anchorage Celebrating 50 years as a Korean American community in Anchorage.

Lucy will be broadcasting live from 11-12p!

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