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IN BRIEF: 88 Energy commences drilling of Merlin-2 appraisal well

8th Mar 2022 20:24

88 Energy Ltd - Australia-based oil explorer in US state of Alaska - Says the Arctic Fox rig drilling the Merlin-2 appraisal well, located in project Peregrine in the NPR-A region of the North Slope of Alaska, has commenced. The Merlin-2 appraisal well is planned for a total depth of about 8,000 feet, and is targeting 652 million barrels of oil.

Current stock price: 2.55 pence

12-month change: five times higher

By Arvind Bhunjun; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


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