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News: 88E Red Emperor Resource Updates On Drilling Results Of Winx-1 Exploration Well

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    March 1 (Reuters) - Red Emperor Resources NL (RMP) :

    • ALASKA OPERATIONS UPDATE: INTERIM DRILLING RESULTS
    • OIL SHOWS HAVE BEEN OBSERVED WHILST DRILLING IN NANUSHUK IN WINX-1 EXPLORATION WELL
    • UPDATES ON DRILLING OF WINX-1 EXPLORATION WELL
    • PRELIM REVIEW OF INTERVAL SUGGESTS ZONE IN WHICH SHOWS ENCOUNTERED AT LOWER END OF RANGE NEEDED FOR COMMERCIALITY
    • REGARDING WINX-1 DRILLING RESULTS, NO OIL SHOWS WERE RECORDED IN SHALLOWER SECONDARY TARGET (SEABEE TURBIDITES)
    • REGARDING WINX-1 DRILLING RESULTS, FORWARD PLAN IS TO CONTINUE DRILLING TO TEST DEEPER OBJECTIVES
 
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