Farmin closer for 88E and Icewine

IT’S been a long wait but 88 Energy and joint venture partner Burgundy Exploration have executed an exclusivity agreement with their preferred bidder to farm-in to the conventional section of Project Icewine in Alaska. 

Farmin closer for 88E and Icewine Farmin closer for 88E and Icewine Farmin closer for 88E and Icewine Farmin closer for 88E and Icewine Farmin closer for 88E and Icewine

Unnamed party to pay $500K upfront for well costs as part of Icewine farmin deal

The bidder has agreed to pay US$500,000 to facilitate near-term operations, while the final terms on the planned farm out are agreed.