88 Energy lining up for Icewine#2 main stimulation operation

88 Energy said cementing of the 4.5-inch liner in the production hole section of the Icewine#2 well was completed successfully over the weekend and that everything was now lining up for execution of the main stimulation operation.

Final preparations for the main stimulation were underway, with execution expected in the third week of June, the company said.

Production testing was on schedule for late June, early July.

Managing director Dave Wall said the Alaska team had successfully completed the Icewine#2 well on schedule, after an effective adjustment to the completion plan, post the initial unsuccessful attempt to set the production liner.

"Everything is now lining up for execution of the main stimulation operation, with flow testing of the HRZ on target for late June," said Wall.

88 Energy has a 77.5% working interest and operatorship in roughly 271,000 acres onshore at the prolific North Slope of Alaska.

At 11:10 BST, shares in AIM-quoted 88 Energy were flat at 2.8p each.