88 Energy Limited updates about upcoming drilling of the Charlie-1 appraisal well

 

88 Energy Limited (LON: 88E) has released an update related to the upcoming drilling of the Charlie-1 appraisal well.

  • As per the updates, operational activity for Charlie-1 was advancing to plan for the second month of 2020 spud.
  • The company has reported that with around 25 per cent of the base road now completed and around 35 per cent of the total route staked and pre-packed, the Ice road construction is now in full swing.
  • Initial cash calls have been receipted into the Joint Venture account, as per the farm-out agreement.
  • On 15th January 2020, at the time of writing, GMT 08:07 AM, 88E shares were trading at GBX 1.35, unchanged against the previous day closing price.