Contact us for more details: Phone: + 44 (0) 20 7493 1977
Email: mail@stellarlimited.com
North Slope, Alaska
Project Phoenix
88 Energy Limited (“88E”) is offering to a select group of companies the opportunity to acquire up to a 25% working interest in Project Phoenix (also referred to as Icewine East), located on the North Slope, Alaska. Phoenix is optimally located near to road and pipeline infrastructure and is contiguous with a developing multi-billion barrel oil play immediately to the north.
Key Points:
- Infrastructure-led exploration & appraisal opportunity targeting prospective resources of 1,030 MMbbls (Pmean) with substantial upside. Further follow-on opportunities available through a staged farm-in to 88E’s Icewine West acreage;
- Prospectivity has been significantly de-risked by on-block discoveries and offset drilling activities immediately to the north – proving the potential and deliverability of conventional Brookian reservoirs;
- 88E will drill the Hickory-1 exploration well in 1H 2023 that will test multiple, stacked reservoir objectives.