Tag: Oil

Charlie-1 looms as potential company maker for 88 Energy Written by Trevor Hoey ALASKAN focused oil and gas group, 88 Energy Ltd (ASX:88E) provided a further update on Monday regarding the progress of the group’s Charlie-1 appraisal well on the North Slope of Alaska. With the rig mobilised and drilling to start this weekend there is the potential for near-term market moving news. 88 Energy has the support of Premier Oil Plc which sees the company fully carried up to US$23 million while still maintaining a 30% working interest. Charlie-1 will test multiple stacked targets in the March quarter assessed at 480 million barrels net to 88E. This will see the group step-out to Malguk-1, an historic discovery well drilled...

88 Energy just weeks out from drilling 1.6B barrel Alaskan oil target By Meagan Evans DUAL listed junior oil explorer 88 Energy Limited (AIM: 88E | ASX: 88E) is just weeks away from spudding its Charlie-1 appraisal well at Project Icewine on the North Slope of Alaska. The drilling event at Charlie-1, which is on track for a late February spud, will see 88 Energy — along with its farm-in partner Premier Oil (LON:PMO), target 1.6 billion barrels of gross mean prospective oil resource, of which 480MMBO is net to 88E. The drilling event will intersect seven stacked prospects and could see Charlie-1 emerge as one of the world’s biggest oil wells of the year. While it has a long...

GULF Western Oil knows that the mine fleet is the backbone of the operation. Without a reliable fleet, the mine stops. Today, heavy-duty diesel engines are more expensive, more technically advanced, and require more specialist knowledge than ever before. They also have ever-increasing oil-drain intervals. That is why Gulf Western developed Top Dog Indestructible 15W-40. The product meets the majority of modern engine manufacturer specifications and has been designed to exceed the requirements of API CK-4 – the latest heavy-duty diesel engine oil classification update from the American Petroleum Institute (API) in 2017. Top Dog Indestructible has been formulated using the indestructible additive technology to keep engines cleaner, use less fuel, and to last significantly longer than its competitors. The...