88 Energy secure winter-ready rig

88 Energy has executed a rig hire contract to drill the company's Merlin-2 appraisal well at its Alaskan acreage as part of Project Peregrine.

88 Energy secure winter-ready rig 88 Energy secure winter-ready rig 88 Energy secure winter-ready rig 88 Energy secure winter-ready rig 88 Energy secure winter-ready rig

File photo: a solitary onshore rig at work in Alaska during winter

Permitting is not yet received but remains 'on track,' the company says, with drilling to begin in February when winter conditions make for prime drilling and ice road construction.