Icewine-2 still not hitting source rock

88 ENERGY has provided an update on the testing of its Alaska North Slope unconventional well Icewine-2, as problems continue with below target stimulation fluid flowback rates, pushing the share price down over 18% this morning. 

Icewine-2 still not hitting source rock Icewine-2 still not hitting source rock Icewine-2 still not hitting source rock Icewine-2 still not hitting source rock Icewine-2 still not hitting source rock

Icewine-2 frac fluid flowback below target

Flowback was averaging 30 barrels of water a day on a variable choke setting, currently at 36/64", and wellhead pressure at 32 psi to reduce back pressure in the system.

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